Retrospective Appraisals

This appraisal “goes back in time” to review a value that is under question by a lender, attorney, homeowner, or other party. Retrospective appraisals can be a attractive solution for attorneys attempting to fight off foreclosure and obtain a favorable loan modification or a short sale for their clients. Mortgage companies utilize them as “forensic” reviews to verify if an appraiser did his due diligence at the time of an original appraisal. Retrospective appraisals require a wider perspective (and an investigative focus) to determine the validity of a value at a certain point in time.