VALUATION SERVICES

Real estate owned (REO) is property owned by a lender, such as a bank, that has not been successfully sold at a foreclosure auction. A lender—often a bank or quasi-governmental entity such as Fannie Mae or Freddie Mac—takes ownership of a foreclosed property when it fails to sell at the amount sought to cover the loan.

 

The Property Tax Appeal is possible to trim your property tax bill by appealing the value the county assigned to your home. That “assessed value” is what's used to calculate how much tax you owe. One way to lower your property tax is to show that your home is worth less than its assessed value.
 

Retrospective Appraisals are performed when a situation requires a valuation of property to determine Market Value where the effective date of the appraisal is a date in the past. The typical need for a retrospective valuation arises when someone dies and a date of death valuation is required, or when someone receives a gift of property.

 

Primary Mortgage: The primary mortgage market is the market where borrowers can obtain a mortgage loan from a primary lender. Banks, mortgage brokers, mortgage bankers, and credit unions are all primary lenders and are part of the primary mortgage market.

​

Secondary Mortgage: A secondary mortgage is a marketplace where home loans and servicing rights are bought and sold between lenders and investors. The secondary mortgage market is extremely large, liquid and helps to make credit equally available to all borrowers across geographical locations.

The probate process typically involves a courtroom. The probate court is distributing and handling the estate, so it has to go through the process of figuring out who gets what and how much each piece of property is worth.