Thursday , 28 January 2021

REO properties

Safety Tips for Appraising REO Properties

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” REO properties represent business opportunities for appraisers, as property valuations may be needed for pre-foreclosure, loan workouts, short sales, asset evaluation, and more. However, inspecting these types of properties can …

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The Changing Face of Distressed Property Auctions

This story originally appeared in the August edition of DS News. Distressed home sales are square pegs that don’t fit well into the round hole of the retail housing market, a reality that has been highlighted by the recent economic upheaval induced by the coronavirus pandemic. The economic upheaval has somewhat surprisingly triggered a frenzy … The post The Changing …

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