Foreclosure/REO

A Foreclosure/REO Appraisal is a property valuation conducted for homes that are in foreclosure or have been repossessed by a lender (Real Estate Owned, or REO). The appraisal determines the property’s current market value to assist lenders in pricing, marketing, or disposing of the property. The appraiser evaluates the condition, location, and comparable sales, often noting any deferred maintenance or repair needs that may impact the property’s marketability and value