Real Estate Owned Appraisals in Los Angeles County
Homes in foreclosure and properties that have returned to the institution's holding create specific appraisal challenges.
For a house in foreclosure, you may need to understand the difference between the fair market worth and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your timeline.
The professionals at WalshStreet Appraisals have the qualifications to work with the unique dynamics of a foreclosure appraisal. For a company you can rely on, contact WalshStreet Appraisals.
Owners of property in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the property. If they have abandoned the house already, they might have overlooked the care of the house for some time - or even worse, damaged the home.
You'll be interested in an expedited disposition if the home has gone back to Real Estate Owned. So you may want to know about and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work performed, with the repairs needed to make the property marketable at full market value commensurate with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your urgency and the special situation of an REO house, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can count on WalshStreet Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.