Nationwide Appraisal Services Firm Chosen for Residential Portfolio

September 23, 2010: 08:57 AM

DartAppraisal.com, a nationwide appraisal services company, has been chosen to provide appraisal services to HomeTelos LP's U.S. Department of Housing and Urban Development (HUD) single family dwelling portfolio. HomeTelos is a real property services and technology company based in Dallas, Texas.

HomeTelos has been chosen to devise marketing strategies that will help sell HUD-owned single family properties in several regions of the U.S. that will include 25 states and other territories. The contract, as well as the rest of the residential portfolio handled by HomeTelos, requires appraisal of the residences, hence the appointment of DartAppraisal.

According to officials from DartAppraisal, their company has extensive experience in handling REO appraisals, which makes the partnership with HomeTelos an ideal one. The firm has been in REO appraisal business since 2006. The firm also reveals that they train their appraisers every year to make sure that processes are in compliance with existing rules and appraisers are well versed in the latest developments in property appraising.

The nationwide appraisal services company is based in Troy, Michigan and has been in the business of evaluating real estate since 1993. The company is known for using innovative technology, localized experience and high level of quality control to provide valuation and appraisal services to the real estate and mortgage industry. They started specializing in REO valuations in 2006.

On the part of HomeTelos, the firm is best known for offering solutions to issues related to the management and marketing of residential structures all over the U.S. and nearby territories. The company was established in 2001 and is affiliated with First Preston. Technology solutions, advisory services and other offerings related to real estate are part of HomeTelos' business.

Under the HUD contract, HomeTelos will cover areas like Arkansas, Delaware, Florida, New Mexico, West Virginia, Texas, Maryland and North Carolina among others. Outside the United States, the company will also provide services to the U.S. Virgin Islands and Puerto Rico.

HomeTelos officials have expressed satisfaction over the partnership with the nationwide appraisal services firm of DartAppraisal. Both companies are confident that their combined effort will go a long way towards providing top quality services to customers.

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