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Decoding Property Appraisal for REO Properties

AmeriMac

Appraisers must fully understand foreclosure processes, legal issues, and local market trends to set the correct market value for REO properties. They must carefully work through these challenges to provide fair value for lenders and potential buyers. Lease agreements in multi-family properties can also affect value and sale.

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Common USPAP Appraiser Violations

Appraisal Today

homeowners and tenants. If your home was appraised for a refinance or new mortgage in recent years, the lender likely sent a “property data collector” to take photos of your kitchen, living room, and each of your bedrooms and bathrooms. Ditto the floor plan. The refinance share of mortgage activity increased to 34.0