United Valuations provides REO and pre-forclosure appraisal services.

The Collapse of Sub-prime mortgage industry, and borrowers defaulting on their mortgages; has created an influx of REO appraisals, Foreclosures and Repossession appraisals. Our Washington appraisers have years of experience in these areas, providing a thorough and comprehensive report.

United Valuations has the experience in Real Estate Owned appraisals (REO) to assist with the in-flux of bank owned property valuations which many institutions, asset liquidators, buyout firms, and investors are now needing in greater volume.

For a property in foreclosure, Lenders need the difference between fair market value and "quick disposition" value, to know their potential charge-off liability and in some cases the cost associated with repairs.

REO appraisals, although similar to a market appraisal, deliver an in depth market analysis needed to determine how a bank or investor will liquidate a property. Banks and investors need to compare three values: As-is, as repaired, and "quick sale." These represent the value of the property without any work done to it; or with the work required to make the property marketable.

Until recently the number of REO appraisal were minimal, but with the sub prime fall out, national state of the economy and unemployment rates, these types of appraisals are becoming very common.

Order your REO appraisal online now.