Foreclosure and REO Appraisal in Los Angeles County
There are various appraisal problems when it comes to a home in foreclosure or one that has gone back to the bank's holding.
For a house in foreclosure, you need to understand the gap between fair market price and "quick disposition" worth to know your probable charge-off liability. The professionals at All City Appraisal can provide both snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your timeline.
You need a company who has the training to handle the special dynamics of a foreclosure appraisal. For a company you can count on, contact All City Appraisal.
Owners of homes in foreclosure might be uncooperative to allowing an inspection of the house, thus presenting special challenges. They might have deserted the house already and/or neglected care of the property for quite some time - or worse, intentionally harmed the home.
For real estate that has gone back to Real Estate Owned, you probably will be interested in a fast disposition . However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the house without any repairs done to it, with the work called for to make the property marketable at full market value corresponding with competing properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone who'd prefer to finish the job themselves. Again, we understand your urgency and the unique circumstances of a Real Estate Owned property, in addition to the special data you'll need -- competing listings, neighborhood trends, and so forth. You can count on All City Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today.