New Report Monitors Current and Past REO Listings

First American Valuation and Property Solutions, Dallas, has released a new property listing verification report that confirms and tracks real estate-owned listing activity of individual properties. The company says the report has applications in REO marketing, fraud prevention, due diligence and portfolio valuation. The service gives lenders and investors access to local real estate market information on a national basis with rapid turnaround. The new report confirms that a specific property is currently listed and provides the listing price and days on the market. If a property is not currently listed, the report displays up to 12 months of listing history, time on the market and past listing prices. The report is designed for use by quality control and fraud prevention staffers in the REO and servicing arenas to identify potential cases of collusion, and by investors who perform due diligence as part of the portfolio acquisition process.