All City Appraisal is experienced when it comes to foreclosures in Woodland Hills
Homes that have gone back to the bank's control and homes in foreclosure present specific appraisal problems.
For a property in foreclosure, you should know the gap between fair market value and "quick disposition" to know your probable charge-off liability. The professionals at All City Appraisal can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints.
We have the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact All City Appraisal.
Occupants of properties in foreclosure might be uncooperative to allowing an inspection of the property, thus presenting special challenges. If they abandoned the house already, they may have overlooked the care of the property for a long time - or even worse, damaged the property.
For a house that has already gone back to Real Estate Owned, you typically will want it off your hands as quickly as possible . But you might want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the work necessary to make the home marketable at full market value corresponding with similar homes in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your time line and the special situation of an REO home, as well as the specific information you will need -- competing listings, market trends, and the like. You can rely on All City Appraisal to take on the appraisal of your bank owned property professionally and efficiently. Contact us today.