by    Heil Appraisals

REO OWNED FORECLOSED HOMES

Heil Appraisals has been providing appraisal services for lenders and governmental agencies on the Real Estate Owned (REO) foreclosed properties. 

Heil Appraisals has been staffed and trained with quality appraiser and office staff professionals experienced in performing REO appraisals, reviews and the repair requirements for REO properties.  With the development of new technologies over the years, Heil Appraisals has participated in the electronic ordering and delivery of appraisals over the internet.  Currently, we in the development stages of our own status tracking of assignments to provide clients with instant 24 hours a day, 7 days a week status checking capabilities through our web site on the internet.

Key to the successful disposition of a REO property is a high quality appraisal.  An appraisal review process has been developed in order to minimize mistakes.  Although most mistakes are minor data entry or small software glitches. We try to have more than one person look at a report, which provides a fresh set of eyes to sift through the many unique requirements for these appraisal types.  

Heil Appraisals has developed a comprehensive protocol to identify the required repairs and to provide a descriptive repair requirement list.  This is extremely important since numerous appraisals are used to originate new mortgages when the REO owned property is sold with new financing.  These descriptions limit the confusion typically experienced when the buyer and contractors try to comply with less descriptive repair descriptions.  

Finally, a well prepared appraisal for a REO property limits the marketing time and produces enough buyers to maximize the return to owner as well as limiting the holding time. 

Heil Appraisals and its staff looks forward to continuing it long term involvement in performing appraisals on REO properties. 

Office Address:

 750 Route 73 - South, Suite 505, Marlton, New Jersey  08053 

Office Phone: 856-985-7799, Fax: 856-985-1771 

e-mail: info@heilappraisals.com

©2001-2004 Heil Appraisals