REO & Distressed Loan Appraisals

Nations understands the needs of clients who order appraisals for pre-foreclosure, foreclosure, or post-foreclosure scenarios, all the way until sale of the property as REO. Nations offers a complete line of REO, foreclosure and distressed loan appraisal products for the servicing industry, from Full 1004 Forms to AVM's & BPO's.

• 1004 - REO/Foreclosure (Listings and Repairs) - Form is designed for appraising single family residences, FHA’s, and PUD. A full internal and external inspection is completed.
• 1004d - Appraisal Update and/or Completion Report – A new form that replaces the 442 Final Inspections and the Update of Value form. This form is used for either purpose.
• Automated Valuation Model (AVM) – Forms are statistically-based computer programs that use real estate information such as comparable sales, property characteristics, tax assessments, and price. Several enhanced versions are now available for major metropolitan areas.
• Standard Interior/Exterior BPO’s – Forms standard contents based upon whether or not an Interior Inspection version was requested.
• 2055- Exterior Only Inspection Residential Appraisal Report – Form is designed for single-family residences or single-family residences with a guest unit. An exterior inspection only.
• 2070 - Condition and Marketability Report (FHLMC) – Form is used to determine the condition and marketability of the subject with no final determination of value. Interior only.