All City Appraisal is experienced when it comes to bank owned properties in Los Angeles
Properties in foreclosure and properties that have returned to the bank's control bring forth various appraisal difficulties.
When dealing with a property in foreclosure, it's important to know the difference between fair market worth and "quick disposition" value to evaluate your likely charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that take into consideration your urgency.
The professionals at All City Appraisal have the qualifications to deal with the specific dynamics of a foreclosure appraisal. For a company you can trust, contact All City Appraisal.
Owners of homes in foreclosure, of course, can present special challenges. They might be opposed to allowing an inspection of the home. If they abandoned the home already, they may have ignored the care of the house for a long time - or worse, caused damage to the home.
You'll be interested in a speedy disposition if the home has already reverted to REO. So you might want to know about and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the home without any work performed, with the repairs necessary to make the house marketable at full market value commensurate with the other houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific circumstances of a Real Estate Owned house, as well as the special information you'll need -- competing listings, neighborhood trends, and the like. You can rely on All City Appraisal to handle the appraisal of your REO with expertise and professionalism. Contact us today.