All City Appraisal is a company you can trust when it comes to bank owned properties in Los Angeles
There are various appraisal difficulties when it comes to a house in foreclosure or one that has returned to the institution's control.
For a home in foreclosure, you need to know the difference between fair market value and "quick disposition" price to know your potential charge-off liability. 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 take into consideration your time constraints.
You need a company who has the qualifications to handle the unique dynamics of a foreclosure appraisal. For a company you can count on, contact All City Appraisal.
Occupants of properties in foreclosure could be opposed to allowing an inspection of the house, thus presenting special challenges. If they deserted the property already, they could have neglected care of the house for quite some time - or even worse, ransacked the home.
For real estate that has already returned to REO, you likewise will be seeking a speedy disposition . But you might want to know and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the home without any repairs done to it, with the repairs needed to make the home marketable at full market value corresponding with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly to someone who'd rather finish the job themselves. Again, we understand your timeline and the specific situation of a bank owned house, as well as the special information you'll need -- competing listings, market trends, and so forth. You can bank on All City Appraisal to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.