Appraisals for REO and loss-mitigation decisions.
When a loan is in default or a property has come back to the lender, the valuation supports a different kind of decision. Avisso provides appraisals for real estate owned (REO) and loss-mitigation purposes. Tell us about the property and the decision it supports.
When it applies
Two situations, two different decisions.
Loss mitigation
A borrower is behind and the servicer is weighing options such as a modification or a short sale. The valuation helps show what the property supports today.
Real estate owned
The property has come back to the lender after foreclosure. The valuation supports decisions about repairs, marketing and disposition.
What helps us discuss the assignment.
Default and vacant properties often raise access and condition questions. Sharing them early keeps the inspection on schedule.
- 01 Address and occupancy Whether the property is occupied, vacant or secured.
- 02 Access arrangements Lockbox, keys or a contact who can open the property.
- 03 Known condition issues Damage, deferred maintenance or repairs already underway.
- 04 The decision and any instructions What the valuation supports, plus any client or investor requirements.
How we help
The same discipline, applied to a harder file.
- Assignment by property type, market and experience; our appraiser application asks about REO and default work
- Access and condition questions raised with you as they appear
- Review before delivery, and questions handled on the evidence
Portfolio valuation, PMI removal and litigation support are listed on Solutions.
Related
- Service
Appraisal reviews → - Service
Residential appraisals → - Page
Coverage → - Article
Five places an appraisal can lose time →
Have a default or REO property to discuss?
Tell us the address, its occupancy and access, and the decision the valuation supports.