Foreclosure/REO

A foreclosure appraisal supports decisions made by lenders, servicers, and asset managers regarding properties in the foreclosure pipeline. An REO (Real Estate Owned) appraisal values properties already taken back by the lender and held in inventory pending disposition. Both require analysis of as-is value, often with reference to as-repaired value and a marketing time analysis.

REO appraisals typically include: as-is fair market value (current condition), as-repaired fair market value (after cost-to-cure repairs), and an analysis of expected marketing time. Some lenders also require liquidation value (assumes shortened marketing period). The appropriate standard depends on the lender’s disposition strategy.

Yes. Foreclosure properties are often vacant or occupied by reluctant occupants. We accommodate exterior-only inspections (drive-by) when interior access isn’t available, with appropriate disclosure of the limited scope. When interior access is granted, we conduct full inspection. The report clearly states what was and wasn’t verified.

On average, a foreclosure or REO appraisal takes 3–4 business days from inspection to completion. Rush options are available for time-sensitive matters such as trustee sale preparation, REO pricing decisions, or short-sale negotiations. The earlier you engage us, the easier it is to schedule inspections and gather supporting data.

Yes. We complete REO and foreclosure appraisals for national banks, servicers, AMCs, hedge fund holders, and private money lenders managing distressed real estate in Los Angeles County. Reports follow appropriate forms (1004 for single-family, 1025 for 2-4 units, 1073 for condos) and meet servicer documentation standards.