Appraisal for REO Market Valuations

REO market valuations can be done for the owners of property in foreclosure as well as lenders who have acquired the property back after foreclosure proceedings. There are differences in market value for mortgage lending and the client-imposed market exposure restricted value both “as is” and “as repaired” for a real estate owned property. These properties can present different challenges than the typical property which include the lack of updating or even damage that may be present.