Call Holloway Appraisals, LLC to discuss valuations of Washington foreclosures

Holloway Appraisals, LLC is experienced when it comes to foreclosures in Washington County

Real Estate in foreclosure and properties that have gone back to the bank's ownership present particular appraisal problems.

When there is a home in foreclosure, you need to differentiate market value versus a "quick disposition" price to evaluate your potential charge-off liability. The professionals at Holloway Appraisals, LLC can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your urgency.

You need a company who has the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact Holloway Appraisals, LLC for a company you can count on.

Owners of property in foreclosureunfortunately can present specific challenges: They may be opposed to allowing us access to the home. They might have left the home already and/or ignored the care of the house for some time - or unfortunately, vandalized the house.

For real estate that has already returned to REO, you most likely will want to get rid of it quickly. In any case, you'll still want to consider three angles for determining the value of the subject property:

  • As Repaired. Value with the repairs needed to make the home marketable at full market value - in accordance with competing properties in the neighborhood
  • As-is. The market value of the home without any repairs performed
  • Quick sale. With minor investment in repairs - to offload the property quickly, probably as a "fixer-upper"
Again, we understand your urgency and the special circumstances of a bank owned home, in addition to the special information you will need - competing listings, neighborhood trends, and the like. You can rely on Holloway Appraisals, LLC to handle the task of your REO professionally and efficiently. Contact us today.