Foreclosure and REO Appraisals in Los Angeles CountyProperties that have reverted to the financial institution's possession and properties in foreclosure bring forth particular appraisal problems. For a house in foreclosure, you should understand the gap between the fair market and "quick disposition" worth to know your possible charge-off liability. At All City Appraisal, we have the knowledge in both providing snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency. We have the qualifications to handle the unique dynamics of a foreclosure appraisal. Contact All City Appraisal for a company you can rely on. Occupants of homes in foreclosure may be unwilling to allow an inspection of the property, thus presenting particular challenges. If they abandoned the house already, they may have overlooked the care of the home for awhile - or worse, ransacked the home. You'll be interested in a quick disposition if the home has changed to Real Estate Owned. So you may want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the repairs due to make the property marketable at full market value appropriate with competing real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone inclined to finish the job themselves. Again, we understand your time line and the special circumstances of an REO home, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can bank on All City Appraisal to take on the appraisal of your REO with expertise and professionalism. Contact us today. |