All City Appraisal is experienced when you need appraisals for bank owned properties in Los AngelesThere are particular appraisal problems for a home in foreclosure or one that has returned to the lender's control. For a home in foreclosure, you might need to know the gap between fair market worth and "quick disposition" value to know your potential 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 timeline. You need a company who has the training to handle the specific dynamics of a foreclosure appraisal. Contact All City Appraisal for a company you can rely on. Occupants of homes in foreclosure may be disinclined to allow an inspection of the property, thus presenting specific challenges. If they moved out of the property already, they may have not taken care of the house for awhile - or even worse, caused damage to the property. You will be interested in a speedy disposition if the property has already returned to bank owned. So you might want to know and analyze three values: as-is, as repaired, and "quick sale." These symbolize the value of the house without any repairs done to it, with the work necessary to make the home marketable at full market value commensurate with the other properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the specific circumstances of an REO home, in addition to the special data you will need -- competing listings, market trends, and so forth. You can bank on All City Appraisal to handle the appraisal of your bank owned property professionally and efficiently. Contact us today. |