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Decoding Property Appraisal for REO Properties

AmeriMac

Real Estate-Owned (REO) properties are distressed homes acquired by lenders after failed auctions. Different from traditional transactions, they are owned by financial institutions or government agencies like Freddie Mac or HUD. That’s why a complete home inspection is essential when looking at REO properties.

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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.