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Call D Walk Appraisals to order appraisals for Imperial foreclosures

REO and Foreclosure Appraisal in Imperial County

There are special appraisal challenges when we're talking about a property in foreclosure or one that has reverted to the institution's possession.

You need to differentiate the meanings of "market value" and a "quick disposition" price to analyze your possible charge-off liability when dealing with a house in foreclosure. At D Walk Appraisals, we have the experience in both supplying snapshots of market value for our mortgage clients, as well as "quick sale" forecasts that factor in your pressing needs.

We have the experience to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact D Walk Appraisals.

Owners of houses in foreclosure may be unwilling to allow an inspection of the property, thus presenting specific challenges. If they moved out of the house already, they might have overlooked the care of the home for quite some time - or unfortunately, caused damage to the home.

For real estate that has already reverted to bank owned, you probably will be going for a quick disposition. In any case, you'll still want to consider three ways of determining the value of the real estate at hand:

  • As Repaired. Possible market value with the repairs needed to make the home marketable at full market value - consistent with competing homes in the neighborhood
  • As-is. The value of the home without any work done to it
  • Quick sale. Somewhere in between, with minimal investment in repairs - to get rid of the home quickly, likely to someone who'd prefer to finish the job themselves
Again, we understand your time line and the specific circumstances of an REO property, in addition to the specific information you'll need - competing listings, market trends, and so forth. You can count on D Walk Appraisals to take on the appraisal of your REO professionally and efficiently. Contact us today.