REO Market Analysis ™ (SAMPLE)
REO Market Analysis identifies the effect of local REO and foreclosure trends on subject property values.
It provides multiple valuation perspectives and cost forecasts for the subject property including a Fair Market Value, a Current REO Value, Net Forecasted REO Value and foreclosure and REO costs and timelines.
Advantages to Client:
• Determine the effect of local foreclosure and REO trends on the subject property
• Identify which delinquent properties pose the greatest potential loss risk
• Assess the value of loan modifications or short-sale opportunities versus estimated foreclosure and
REO costs and timelines
• Use the current REO value to determine the REO listing strategy
The form is broken down into 12 sections:
1. Client Provided Data
2. Value Results
3. Market Data
4. REO Data
5. Forecast Data
6. Subject Property Information
7. Subject 5 Year Transaction History
8. Area Sales
9. Graph
10. Maps
11. Legend
Product Overview
The ValueSure™ AVM from Valuation Solutions delivers the most comprehensive and precise residential property valuation engine available today. Combining the best features of the industry's three leading AVM models, VS gives you one powerful report at one low cost. It is designed to meet the needs of mortgage lenders, brokers, appraisers and investment bankers, ValueSure™ can be used during every step of the lending process, from origination, underwriting and quality control, to servicing, portfolio review and default management.
ValueSure™ generates a value estimate, comparable sales listing, and location map, along with a confidence factor that reflects the extent of available data and accuracy of the value estimate.
The Power of Three: Precision, Detail and Speed
ValueSure™ provides the most accurate residential property value in the industry today. ValueSure™ utilizes more than 25 years of historical property data and sales information from more than 1,100 U.S. counties, and data from 85 percent of property ownership records nationwide, resulting in superior geographic coverage and depth of data. ValueSure™ information is updated continuously, giving you the most up-to-date data at all times.
Detail
The essential information available in the ValueSure™ report provides a foundation on which you can comfortably base underwriting decisions, minimize collateral risk, discover hidden equity and review the performance of portfolios.
- Up to 15 comparable neighborhood sales and significant landmarks
- Advanced Confidence Score rating of valuation
- Low and High property value range
- Detailed map specifying subject property location and proximity of comparables
