All City Appraisal is a company you can trust when it comes to bank owned properties in Los Angeles
There are various appraisal problems regarding a house in foreclosure or one that has returned to the financial institution's possession.
For a property in foreclosure, you need to understand the gap between fair market price and "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
All City Appraisal has the qualifications to deal with the specific dynamics of a foreclosure appraisal. Contact All City Appraisal for a company you can trust.
Occupants of properties in foreclosure could be disinclined to allow an inspection of the house, thus presenting particular challenges. Sometimes the homes have been vandalized, often at the hands of the former residents. Or, it's common to discover a house at a minimum abandoned or the home neglected for long of time.
If your house has changed to bank owned, you will interested in a quick disposition. However, you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any work done to it, with the work required to make the home marketable at full market value corresponding with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your time line and the special situation of an REO house, as well as the unique information you will need -- competing listings, neighborhood trends, and so forth. You can count on All City Appraisal to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.