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REO Brokerage Group does drive by or interior/exterior broker's price opinions on REO Brokerage Group’s standard form or Retroactive BPO form, Fannie Mae form,Freddie Mac form or on your company’s form. Broker's Price Opinions may include, at your request, subject property photos, a map showing the subject and comps, itemized repair lists and any special requests you may have. Rush orders are accepted.
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REO Brokerage Group is a professional asset management company, providing professional REO management and sale of REO properties located anywhere within the United States. REO Brokerage Group has a proven record of managing and liquidating non-performing assets. REO Brokerage Group is experienced in the special marketing strategies specific to the management and disposition of REO properties. REO Brokerage Group provides leading agents and brokers to market property in a most effective manner.
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Each client’s individual procedures and requirements are respected and our services are customized to meet individual needs. REO Brokerage Group will assure that your work orders are completed in a professional manner and in the time period that you have requested.
We are an appraisal management company licensed in CA, AZ, and NV. We use local appraisers for local appraisals. Our fee appraisers are compensated at a rate that is customary and reasonable for appraisal services performed in the market area of the property being appraised. Every appraisal completed is audited by an on staff licensed appraiser for quality control and to ensure the USPAP guidelines are followed. We are compliant with the Dodd-Frank Act and USPAP. We verify an appraiser's current standing pertaining to: State Licenses and Error and Omissions Insurance.
Our appraisers perform their duties independently and free from inappropriate influence and coercion pursuant to the appraisal independence standards established under section 129E of the Truth in Lending Act.
All records and details pertaining to the order are kept on our secure system.
The advantages of REO Brokerage Group are as follows:
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Our Appraisers are committed to providing timely service and deliver reports that contain the most accurate price for the property.
APPRAISAL SERVICES:
FNMA 1004 Single-Family Residential
This is the standard form for single-family residences. Appraisal includes internal and external inspection with a minimum of three comparable sales.
FNMA 1073 Condominium
This is the standard form for condominium units. Appraisal includes internal and external inspection with a minimum of three comparable sales.
FNMA 2055 Exterior Single-Family
This report is an exterior only inspection of the subject property. Report includes a picture of the subject from the street, street photo, map, and comparables.
FNMA 1075 Exterior Condominium
This report is an exterior only inspection of a condominium. Report includes a picture of the subject from the street, street photo, map, and comparables.
Form 2075 Drive-By
Also known as a drive-by appraisal this report does not give a final reconciliation of value. This report is used to verify condition and marketability of the subject.
Form 2070 Drive-By
Similar to the 2075 this report does not give a value but includes a street and front subject picture.
FNMA 1004D Update/Final Inspection
This form provides an update to the client regarding the completion of the subject or an accurate update of a prior appraisal.
FNMA 1004C Manufactured Home
This is the standard form for manufactured homes. Appraisal includes internal and external inspection with a minimum of three comparable sales.
FNMA 1025 Two to Four Unit Residential Income Property
This is the standard form for income producing properties including duplexes, triplexes, and quadruplexs. The report is similar to a FNMA 1004.
FNMA 2090 Co-Op
This report is used for the valuation of interest in a cooperative development and includes interior and exterior inspections.
FNMA 2095 Exterior Co-Op
This report is an exterior only inspection of a Co-Op. Report includes a picture of the subject from the street, street photo, map, and comparables.
- Land Appraisal Form
- REO Bank owned Appraisal
- Rental Schedule
- Operating Income Statement
- Other reports available upon request.
Review Appraisals
FNMA 2000 Field Review
This report is used for quality control purposes. A drive-by of the original subject and comparables used is required. If review appraiser does not agree with value, new comparables are added and a new opinion of value is given.
Enhanced: Same as above but new comparables are required along with an opinion of value.
FNMA 2000A Field Review Two to Four Units
Similar to the FNMA 2000 report except this form is specialized for income producing properties including duplexes, triplexes, and quadruplexes.
FNMA 2006 Desk Review
This report is used for quality control purposes. No drive-by of the subject or comparables is required. If review appraiser does not agree with value, new comparables are added and a new opinion of value is given.
Enhanced: Same as above but new comparables are required along with an opinion of value.
- Locally licensed real estate professionals that know the local market perform the evaluations.
- As an appraisal management company, we follow all the USPAP guidelines for the appraisals.
- All the work we produce is met with the highest level of ethical and professional business standards.
- We follow the Broker's Price Opinion Standards and Guidelines and the Appraisal Management Company standards of Good Practice.
- Our broker/agents, appraisers and outside vendors perform their duties in a professional, ethical and competent manner.
