Foreclosure Appraisals in Los Angeles County
There are special appraisal difficulties when we're talking about a property in foreclosure or one that has returned to the bank's ownership.
You should differentiate the difference between fair market price and "quick disposition" worth to evaluate your possible write-down liability when dealing with a property in foreclosure. The professionals at All City Appraisal can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time line.
All City Appraisal has the qualifications to handle the specific dynamics of a foreclosure appraisal. For a company you can trust, contact All City Appraisal.
Owners of properties in foreclosure, of course, can present particular challenges. They might be uncooperative to allowing an inspection of the house. They might have deserted the house already and/or ignored the care of the home for awhile - or gone as far as caused damage to the house.
For real estate that has changed to Real Estate Owned, you probably will want to get rid of it quickly . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work done to it, with the repairs due to make the home marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, probably to someone who'd prefer to finish the job themselves. Again, we understand your time line and the unique circumstances of an REO home, in addition to the specific data you will need -- competing listings, market trends, and so forth. You can count on All City Appraisal to take on the task of your REO with expertise and professionalism. Contact us today.