An REO (Real Estate Owned) property, also referred to as a bank-owned property, has already gone through the foreclosure process and the mortgage lender or bank has taken ownership of it as a result of a failed foreclosure sale. Typically, an REO appraisal is ordered to determine the value of the asset that is now owned by the bank.
At NAN, our REO Appraisal Team understands the nuances associated with communicating the scope of work required to our national panel of qualified and experienced appraisers. Our team of experts will provide accurate appraisal reports that you can count on.
- Traditional appraisal with an REO addendum
- REO team is comprised of highly trained professionals who understands the dynamics of this situation
- A network of highly skilled appraisers with REO experience including multiple foreclosure markets and “as-repaired” valuations.
- Asset Valuation