Call Altamirano Appraisals to discuss appraisals regarding Los Angeles foreclosures

Foreclosure and Real Estate Owned Appraisal in Los Angeles County

There are particular appraisal difficulties regarding a home in foreclosure or one that has reverted to the financial institution's possession.

When there is a home in foreclosure, it's important to know market value versus a "quick disposition" assessment to analyze your potential charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.

The professionals at Altamirano Appraisals have the experience to deal with the specific dynamics of a foreclosure appraisal. Contact Altamirano Appraisals for a company you can count on.

Owners of properties in foreclosure, naturally, can present particular challenges. They may be unwilling to allow an inspection of the property. They could have abandoned the home already and/or overlooked the care of the property for a long time - or unfortunately, vandalized the home.

For a house that has changed to REO, you probably will be interested in a speedy resolution. However, you might want to know and compare three values - "as-is", "as repaired", and "quick sale". These symbolize:

  • The value of the house without any repairs done to it
  • Value with the repairs due to make the home marketable at full market value - in accordance with other real estate in the area
  • Somewhere in the middle, with minimal investment in repairs - to offload the home quickly, likely as a "fixer-upper"
Again, we understand your time line and the specific situation of a Real Estate Owned home, as well as the special data you will need - competing listings, market trends, and so forth. You can rely on Altamirano Appraisals to take on the appraisal of your REO with expertise and professionalism. Contact us today.