WalshStreet Appraisals is a company you can trust when it comes to bank owned properties in Los Angeles
Homes that have reverted to the bank's holding and properties in foreclosure present unique appraisal difficulties.
When there is a home in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" worth to know your possible charge-off liability. At WalshStreet Appraisals, we have the background in both providing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your timeline.
WalshStreet Appraisals has the qualifications to work with the unique dynamics of a foreclosure appraisal. Contact WalshStreet Appraisals for a company you can rely on.
Special challenges may be present when working with owners of properties in foreclosure. They could be opposed to allowing an inspection of the house. They could have abandoned the house already and/or ignored the care of the property for some time - or worse, intentionally harmed the home.
You will be interested in an expedited disposition if the property has returned to bank owned. So you need to know and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work performed, with the work due to make the house marketable at full market value corresponding with competing houses in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned property, in addition to the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on WalshStreet Appraisals to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today.