Foreclosure Appraisals in Los Angeles County
There are unique appraisal problems when it comes to a property in foreclosure or one that has gone back to the institution's ownership.
For a home in foreclosure, you should recognize the gap between fair market worth and "quick disposition" worth to know your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your timeline.
You need a company who has the experience to handle the special dynamics of a foreclosure appraisal. Contact All City Appraisal for a company you can trust.
Owners of homes in foreclosure, of course, can present unique challenges. They may be disinclined to allow an inspection of the home. They might have moved out of the house already and/or overlooked the care of the property for quite some time - or unfortunately, caused damage to the property.
If your home has returned to Real Estate Owned, you will interested in an expeditious disposition. But you may want to know and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs done to it, with the work due to make the property marketable at full market value appropriate with competing houses in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO house, in addition to the special information you'll need -- competing listings, neighborhood trends, and so forth. You can count on All City Appraisal to handle the task of your REO professionally and efficiently. Contact us today.