WalshStreet Appraisals is a company you can trust when it comes to foreclosures in Los Angeles
There are particular appraisal problems involved in a house in foreclosure or one that has reverted to the bank's holding.
When dealing with a house in foreclosure, you need to recognize the difference between fair market worth and "quick disposition" price to know your potential charge-off liability. At WalshStreet Appraisals, we have the training in both providing snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints.
The professionals at WalshStreet Appraisals have the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can trust.
Occupants of properties in foreclosure may be unwilling to allow an inspection of the property, thus presenting specific challenges. They might have deserted the property already and/or neglected care of the home for some time - or gone as far as caused damage to the house.
For a home that has already returned to REO, you most likely will be going for a speedy resolution . But you may want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any work done to it, with the work necessary to make the home marketable at full market value corresponding with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your urgency and the specific situation of a bank owned property, as well as the special data you'll need -- competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.