We are your source for Tucson REO and Forclosure Appraisers.

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 Tucson Appraisers have years of experience in these areas....

In addition Tucson Appraisals has added additional staff with expertise’s in Real Estate Owned appraisals (REO) to handle the in-flux of foreclosures, bankruptcies and REOs; which many banks, asset liquidators, buyout firms and investors are now needing in greater volume.

For a property in foreclosure, Lenders may need to know the difference between fair market value and "quick disposition" value, to know their potential charge-off liability.

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, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper."

Until recently the number of REO appraisal were minimal, but with the sub prime fall out, and lenders closing doors around the country, it’s likely Tucson Appraisals will continue to see an increase in the number of REO appraisals.

Order your REO appraisal online now.