Foreclosure and REO Appraisal in Los Angeles County
Houses in foreclosure and properties that have returned to the institution's control bring forth specific appraisal challenges.
When there is a property in foreclosure, it's important to ascertain the difference between fair market worth and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
Taranto Appraisal, Inc. has the expertise to deal with the unique dynamics of a foreclosure appraisal. For a company you can count on, contact Taranto Appraisal, Inc..
Occupants of dwellings in foreclosure may be uncooperative to allowing an inspection of the property, thus presenting unique challenges. If they have abandoned the property already, they might have ignored the care of the house for quite some time - or worse, ransacked the house.
If your house has already gone back to REO, you will interested in an expeditious disposition. However, you might want to know and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any repairs done to it, with the repairs required to make the home marketable at full market value appropriate with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your urgency and the unique circumstances of a bank owned home, in addition to the specific data you will need -- competing listings, neighborhood trends, and the like. You can rely on Taranto Appraisal, Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.