All City Appraisal is experienced when you need appraisals for bank owned properties in Woodland Hills
Homes in foreclosure and homes that have reverted to the institution's ownership bring forth various appraisal challenges.
For a home in foreclosure, you may need to understand the difference between fair market value and "quick disposition" to know your possible charge-off liability. At All City Appraisal, we have the training in both presenting snapshots of fair market value for our mortgage clients, in addition to "quick sale" forecasts that understand your urgency.
You need a company with the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact All City Appraisal.
Occupants of houses in foreclosure may be unwilling to allow an inspection of the house, thus presenting particular challenges. Sometimes the properties show signs of vandalism, unfortunately at the hands of the residents themselves. Or, it's common to find a house at least abandoned or the home neglected for extended periods of time.
If your property has gone back to REO, you will interested in an expeditious disposition. However, you might want to understand and review three values: as-is, as repaired, and "quick sale." These correspond to the value of the property without any work done to it, with the work due to make the home marketable at full market value commensurate with similar homes in the neighborhood, and, somewhere in between, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of a bank owned property, in addition to the specific information you'll need -- competing listings, market trends, and the like. You can rely on All City Appraisal to take on the task of your REO professionally and efficiently. Contact us today.