What Is an REO or Foreclosure Appraisal?

A foreclosure appraisal determines the value of a home during or after loan default.
An REO appraisal determines the value once the property has reverted back to the lender after unsuccessful foreclosure sale.

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These specialized appraisals require expert knowledge of:

• Market conditions

• Distressed sales

• Property repairs and condition issues

• Vacant or abandoned home valuation

• Lender and investor reporting requirements

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Team Appraisal provides accurate, lender-compliant valuation reports tailored to these scenarios.

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What Our REO Appraisals Include

Our reports provide a detailed analysis of the property, including:

✔ Interior and exterior inspection

(if property is accessible — exterior-only if not)

✔ As-is market value

(current condition, no repairs)

✔ As-repaired market value

(value after recommended repairs are completed)

✔ Repair cost estimates

(when requested or required)

✔ Market trend analysis

(supported by comparable distressed and non-distressed sales)

✔ Clear, defensible reporting

(suitable for lenders, investors, courts, and asset managers)

We ensure full USPAP compliance and provide valuations that reflect the realities of distressed properties.

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Who Needs REO & Foreclosure Appraisals?

Our foreclosure-related appraisal services are commonly requested by:

• Mortgage lenders and banks

• Loan servicers

• Asset management companies

• Investors and investment groups

• Attorneys

• Government housing entities

• Realtors assisting REO sales

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Whether the property is occupied, vacant, distressed, or investor-owned, our team provides reliable valuations.

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As-Is vs. As-Repaired Valuation

As-Is Value

Estimates current market value in its present condition.

As-Repaired Value

Estimates value after completing recommended repairs or renovations.

These dual valuations help lenders and investors determine:

• List price strategy

• Repair budgets

• Investment potential

• Holding vs. selling decisions