More properties are now entering foreclosure, yet not all real estate appraisers have the necessary competency and experience in REO appraisals. REO Appraisers 123 helps asset managers working with REO properties find competent, licensed appraisers who practice in this specialized market. We are looking for experienced REO Appraisers to list on our site so that our Asset Managment clients can place REO Appraisal orders directly to the REO Appraiser.

Problem and even predatory mortgages have flourished right along with the rest of the nations residential real estate boom, as buyers, sellers and lenders alike stretched the notion of a "suitable" home loan. In many cases, residential real estate sales were driven by the availability of exotic mortgages. Adjustable rate mortgages, interest only mortgages, and unscrupulous lending practices were characteristics of the recent, record setting run up in real estate values. 1% teaser rates and bait and switch rates have now spelled trouble for many homeowners as the collapse of the bubble has slapped them in the face. Unfortunately, the hangover of the reality of the recent declien has seen the explosion of foreclosed properties left in the hands of lenders.
 

What Is A 1004 REO Residential Appraisal Report?

This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. The REO addeneum is also included which provides an itemized cost of repairs as well as an "as-is" and "as-repaired" value.