Real Estate Owned and Foreclosure Appraisals in Los Angeles County

For a property in foreclosure, you need to know the gap between the market and a "quick disposition" value to know your likely charge-off liability. McDonough Appraisal Service has the experience in both presenting snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your time constraints.

	You need a company who has the qualifications to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact McDonough Appraisal Service.

Owners of homes in foreclosure may be disinclined to allow an inspection of the home, thus presenting unique challenges. Often the properties show signs of vandalism, often by the residents themselves. Or, it's likely you'll find the previous owners have moved out or the home languishing in disrepair for extended periods of time.

For real estate that has returned to REO, you typically will want it off your hands as quickly as possible. Regardless, you'll still want to consider three angles for figuring the value of the subject property:

• As Repaired. Possible market value with the work necessary to make the property marketable at full market value - comparable with competing real estate in the area
• As-is. The value of the home without any work performed
• Quick sale. Somewhere in between, with minimal investment in repairs - to sell the home quickly, likely as a "fixer-upper"