REO Appraisals in Los Angeles CountyThere are unique appraisal challenges when it comes to a home in foreclosure or one that has returned to the institution's holding. When dealing with a property in foreclosure, you should recognize the difference between fair market value and "quick disposition" worth to know your potential charge-off liability. At All City Appraisal, we have the experience in both presenting snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints. The professionals at All City Appraisal have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact All City Appraisal. Owners of homes in foreclosure, of course, can present particular challenges. They may be opposed to allowing an inspection of the home. They might have deserted the property already and/or neglected care of the property for a long time - or even worse, vandalized the property. You will be interested in a fast disposition if the property has changed to Real Estate Owned. So you might want to understand and compare three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any work done to it, with the work necessary to make the property marketable at full market value comparable with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned property, as well as the special data you'll need -- competing listings, neighborhood 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. |