Understanding and Appraising Residential REOs
Register
- Date
- On Demand
- Sponsor
- Appraisal Institute
- Location
- On-Demand Online Education
- Instructor
- Larry T. Wright, MAI, SRA, AI-GRS
- Class Time
- 4 hours
- Full Price
- $95.00
- AI Price
- $80.00
Course Description
Since the Great Recession, there have been changes in lending practices. The economic conditions caused by the recession created a need for appraisers who have specific knowledge and experience to properly develop and document opinions of real property value in foreclosure. This program begins with an overview of the history related to current foreclosure practices. The program continues with causes of foreclosure and steps in the foreclosure process. You’ll learn how to identify assignment elements including the client, intended users, value, and other assignment conditions. Through a series of dilemmas and a case study, you’ll gain an understanding of the scope of work, proper inspection procedures, market analysis, and additional components needed to arrive at credible results for a foreclosure appraisal assignment.
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Who Should Enroll
AI CE Points
Attend:
20
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 4 | 4 | Online | Online | 10/08/2022 | 06/24/2025 | 18977 | |
| AL | CE | 4 | 4 | Online | Online | 02/02/2023 | 09/30/2024 | CO2817 | |
| AR | CE | 4 | 4 | Online | Online | 10/01/2021 | 06/24/2025 | ||
| AZ | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| CA | CE | 4 | 4 | Online | Online | 08/23/2023 | 08/22/2027 | 19CP754601391 | |
| CO | CE | 4 | 4 | Online | Online | 06/02/2022 | 06/24/2025 | 2215 | |
| CT | CE | 4 | 4 | Online | Online | 07/13/2022 | 06/24/2025 | AAL.000952 | |
| DC | CE | 4 | 4 | Online | Online | 02/29/2024 | 02/28/2026 | 4025 | |
| DE | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| FL | CE | 4 | 4 | Online | Online | 09/20/2023 | 09/19/2025 | 0010067 | |
| GA | CE | 4 | 4 | Online | Online | 06/25/2022 | 06/24/2025 | 74755 | |
| HI | CE | 4 | 4 | Online | Online | 01/01/2024 | 12/31/2024 | 23-392 | |
| IA | CE | 4 | 4 | Online | Online | 06/01/2022 | 06/24/2025 | A518-1067 | |
| ID | CE | 4 | 4 | Online | Online | 05/31/2022 | 06/24/2025 | ||
| IL | CE | 4 | 4 | Online | Online | 01/01/2023 | 12/31/2024 | 575.010386 | |
| IN | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| KS | CE | 4 | 4 | Online | Online | 01/01/2024 | 12/31/2024 | 216.C24.R | |
| KY | CE | 4 | 4 | Online | Online | 07/01/2023 | 06/30/2024 | ||
| LA | CE | 4 | 4 | Online | Online | 10/17/2022 | 06/24/2025 | ||
| MA | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2024 | 120093 | |
| MD | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| ME | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| MI | CE | 4 | 4 | Online | Online | 09/13/2023 | 09/13/2026 | 20 - 1106984 | |
| MN | CE | 4 | 4 | Online | Online | 10/01/2023 | 09/30/2025 | 1028151 | |
| MO | CE | 4 | 4 | Online | Online | 06/25/2022 | 06/24/2025 | ||
| MS | CE | 4 | 4 | Online | Online | 06/30/2022 | 06/30/2024 | MAB#50172 | |
| MT | CE | 4 | 4 | Online | Online | 09/15/2022 | 06/24/2025 | REA-CEC-REC-15682 | |
| NC | CE | 4 | 4 | Online | Online | 01/01/2024 | 12/31/2024 | 4322 | |
| ND | CE | 4 | 4 | Online | Online | 06/07/2022 | 06/24/2025 | CE-222057 | |
| NE | CE | 4 | 4 | Online | Online | 09/19/2019 | 09/19/2024 | 2192411.02 | |
| NH | CE | 4 | 4 | Online | Online | 06/25/2022 | 06/24/2025 | ||
| NJ | CE | 4 | 4 | Online | Online | 06/15/2022 | 2022-3460 | ||
| NM | CE | 4 | 4 | Online | Online | 07/08/2022 | 06/24/2025 | 4125 | |
| NV | CE | 4 | 4 | Online | Online | 08/13/2020 | 08/31/2024 | CE.0009787-A | |
| NY | CE | 4 | 4 | Online | Online | 01/01/2024 | 12/31/2024 | A5056-04 | |
| OH | CE | 4 | 4 | Online | Online | 02/25/2022 | 12/31/2025 | 923200302A22 | |
| OH | CE | 4 | 4 | Online | Online | 01/01/2024 | 12/31/2024 | 923401512A 23 | |
| OK | CE | 4 | 4 | Online | Online | 06/10/2022 | 06/24/2025 | 901 | |
| PA | CE | 4 | 4 | Online | Online | 06/22/2022 | 06/24/2025 | ||
| PR | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| RI | CE | 4 | 4 | Online | Online | 06/01/2022 | 06/24/2025 | REA.0001891-CE | |
| SC | CE | 4 | 4 | Online | Online | 09/01/2022 | 08/31/2024 | DE1821 | |
| SD | CE | 4 | 4 | Online | Online | 08/03/2022 | 08/03/2025 | SD 1360 CE | |
| TN | CE | 4 | 4 | Online | Online | 09/01/2023 | 08/31/2025 | 2325 | |
| TX | CE | 4 | 4 | Online | Online | 08/28/2023 | 06/24/2025 | TX Provider #: 10 Course #:47377 | |
| UT | CE | 4 | 4 | Online | Online | 08/01/2023 | 06/30/2025 | AC230622 | |
| VA | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| VT | CE | 4 | 4 | Online | Online | 08/20/2023 | 06/14/2027 | CA-182767 | |
| WA | CE | 4 | 4 | Online | Online | 06/08/2022 | 06/24/2025 | A4168 | |
| WI | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | 69594 | |
| WV | CE | 4 | 4 | Online | Online | 06/24/2022 | 06/24/2025 | ||
| WY | CE | 4 | 4 | Online | Online | 05/27/2022 | 05/27/2024 | ||
| WY | CE | 4 | 4 | Online | Online | 05/28/2024 | 06/24/2025 |
Course Objectives
- Understand the needs of clients who order appraisals for preforeclosure, foreclosure, or postforeclosure decisions.
- Recognize the range of services that an appraiser can provide in preforeclosure, foreclosure, or postforeclosure decisions.
- Identify the elements involved in completing assignments.
- Differentiate between various types of value definitions.
- Identify the market for a property.
- Formulate a proper scope of work when completing appraisal assignments in a preforeclosure, foreclosure, or postforeclosure decision.
- Understand inspection requirements for assignments in a preforeclosure, foreclosure, or postforeclosure decision.
Course Details
Program Overview:
Online
Syllabus
Assignments:
No
Equipment:
- A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
- You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
- Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
- For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
- HP-12C calculator User’s Manual.
Additional Information:
Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the “Online Courses” heading and click the “Begin” button.
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.
Technology-Based Education Student Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.
Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.
Requirements: