All City Appraisal is experienced when you need appraisals for foreclosures in Los Angeles
Homes that have reverted to the institution's holding and properties in foreclosure create specific appraisal difficulties.
When there is a house in foreclosure, it's important to recognize the difference between fair market price and "quick disposition" worth to know your possible charge-off liability. At All City Appraisal, we have the background in both supplying snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your time line.
All City Appraisal has the training to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact All City Appraisal.
Particular challenges can be present when working with owners of houses in foreclosure. They might be disinclined to allow an inspection of the house. Sometimes the houses have been ransacked, unfortunately by the former residents. Or, it's likely you'll find nobody has occupied the house for months or the home neglected for extended periods of time.
For a property that has already reverted to REO, you typically will want to get rid of it quickly . However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work necessary to make the property marketable at full market value commensurate with competing homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO house, in addition to the special data you will need -- competing listings, neighborhood trends, and so forth. You can rely on All City Appraisal to handle the task of your REO professionally and efficiently. Contact us today.