All City Appraisal is experienced when it comes to bank owned properties in Woodland Hills
Homes that have returned to the financial institution's control and homes in foreclosure present specific appraisal challenges.
When there is a home in foreclosure, you need to differentiate the difference between fair market value and "quick disposition" worth to analyze your possible charge-off liability. All City Appraisal has the background in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
You need a company who has the experience to work with the special dynamics of a foreclosure appraisal. Contact All City Appraisal for a company you can rely on.
Owners of property in foreclosure, of course, can present specific challenges. They may be disinclined to allow an inspection of the house. If they deserted the property already, they could have not taken care of the property for awhile - or unfortunately, caused damage to the house.
For real estate that has already reverted to bank owned, you typically will want to get rid of it quickly . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs performed, with the work needed to make the home marketable at full market value corresponding with similar homes in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your urgency and the unique situation of a bank owned house, as well as the specific data you will need -- competing listings, market trends, and the like. You can rely on All City Appraisal to take on the appraisal of your REO professionally and efficiently. Contact us today.