Real Estate Owned Appraisals in Los Angeles CountyHouses in foreclosure and properties that have returned to the lender's holding present specific appraisal difficulties. For a home in foreclosure, you may need to recognize the gap between the fair market value and "quick disposition" price to know your probable charge-off liability. The professionals at AppraiserAdvisorNow.com can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your time constraints. You need a company with the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact AppraiserAdvisorNow.com for a company you can rely on. Owners of property in foreclosure might be opposed to allowing an inspection of the property, thus presenting specific challenges. Often the houses have been vandalized, unfortunately by the residents themselves. Or, it's likely you'll find nobody has occupied the house for months or the home languishing in disrepair for long of time. You'll be interested in a quick disposition if the property has already reverted to REO. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any repairs performed, with the repairs required to make the home marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, most likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a bank owned home, as well as the specific information you will need -- competing listings, neighborhood trends, and so forth. You can rely on AppraiserAdvisorNow.com to handle the task of your REO professionally and efficiently. Contact us today. |