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Florida Coverage
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Trinity Appraisal Services REO
and Appraisal Fraud
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Problem and even predatory mortgages have flourished right
along with the rest of Florida's residential real estate
boom, as buyers, sellers and lenders alike stretched the
notion of a "suitable" home loan. In many cases, residential
real estate sales were driven by the availability of exotic
mortgages. Adjustable rate mortgages, interest only
mortgages, and unscrupulous lending practices were
characteristics of the recent, record setting run up in real
estate values. 1% teaser rates and bait and switch rates
have now spelled trouble for many homeowners as the alarm
clock of reality has slapped them in the face.
Unfortunately, the hangover of reality has seen the recent
explosion of foreclosed properties left in the hands of
lenders. |
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We
work specifically with lenders, governmental agencies,
mortgage investors, and insurers who want to investigate and
uncover fraudulent, misleading and misrepresented real
property analysis and valuation. Fraudulent, misleading and
misrepresented appraisals are common and have led to the
lending of millions of dollars on overvalued property.
Mortgage insurers have found it especially beneficial to
examine appraisals as well. We have saved insurers millions
of dollars by proving fraud in the original appraisal |
Trinity Appraisal Services offers many R.E.O related
products and services, which includes:
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Risk
Mitigation Issues
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Collateral
Assessment Issues
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Pre Funding
Quality Control
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Post
Funding Quality Control
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Predatory
Lending Reviews
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Compliance
Reviews
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Drive-by
Appraisals
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Review
Appraisals
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Bulk
Appraisal Reviews
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R.E.O
Liquidation Appraisals
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In the
first stages of default, we can provide cost effective
options for lenders. This would typically be some form of a
drive by appraisal product and can be delivered within 24
hours. We can also examine the original appraisal to
determine if there are any anomalies with the original value
conclusion.
If the
property has been foreclosed on, we can offer assistance in
determining the current value, estimation of repairs, and
possible liquidation measures. We will have the property
inspected by ourselves and if need be, by a licensed home
inspector. We will then work in conjunction to offer our
opinions to the client. |
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If your underwriting
staff has detected "Special Problem Appraisal Reports," or
your company has been faced with poor quality appraisal
reports, mortgage loan investment loses or if you are faced
with the high cost of pre and post funding appraisal review
reporting, call us at Trinity Appraisal Services, to
unearth the truth about any appraisal or property in a
professional and cost efficient manner. |
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Call Toll Free:
1-800-886-1605 from everywhere
Fax Toll Free:
1-800-886-5805
In West Central Florida call our
local office: 727-365-6679
In South Florida call our local
office: 954-839-6502
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