Real Estate Owned Appraisal in Los Angeles County
Houses that have gone back to the institution's possession and properties in foreclosure present various appraisal problems.
It's vital to recognize the difference between fair market value and "quick disposition" value to evaluate what losses you stand to realize when dealing with a house in foreclosure. At All City Appraisal, we have the knowledge in both supplying snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.
The professionals at All City Appraisal have the training to work with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact All City Appraisal.
Owners of in foreclosure may be uncooperative to allowing an inspection of the house, thus presenting unique challenges. Sometimes the houses have been ransacked, often by the former residents themselves. Or, it's likely you'll discover nobody has lived in house for months or the home languishing in disrepair for long of time.
If your home has changed to REO, you will interested in an expedited disposition. However, you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs performed, with the work required to make the house marketable at full market value comparable with the other houses in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the unique circumstances of an REO home, in addition to the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can rely on All City Appraisal to handle the task of your bank owned property professionally and efficiently. Contact us today.