Wenzel Appraisal Services, Inc. is a company you can trust when it comes to foreclosures in Los Angeles and Ventura counties.
Homes in foreclosure and properties that have gone back to the financial institution's ownership bring forth unique appraisal difficulties.
For a home in foreclosure, you need to know the gap between the fair market and "quick disposition" to know your possible charge-off liability. At Wenzel Appraisal Services, Inc., we have the experience in both supplying snapshots of fair market value for our mortgage lending and servicing clients, as well as "quick sale" forecasts that understand your time constraints.
You need a company who has the experience to deal with the particular dynamics of a foreclosure appraisal. For a company you can count on, contact Wenzel Appraisal Services, Inc..
Owners of property in foreclosure, of course, can present special challenges. They could be opposed to allowing an inspection of the home. Sometimes the properties have been intentionally damaged, unfortunately at the hands of the residents. Or, it's likely you'll find a house at a minimum abandoned or the home languishing in disrepair for long of time.
You will be interested in an expeditious disposition if the house has already returned to REO. So you need to know and review three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs done to it, with the repairs required to make the property marketable at full market value comparable with similar houses in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd prefer to finish the job themselves. Again, we understand your time line and the specific circumstances of an REO house, in addition to the special information you will need -- competing listings, market trends, and the like. You can count on Wenzel Appraisal Services, Inc. to handle the appraisal of your REO with expertise and professionalism. Contact us today.