Holloway Appraisals, LLC is experienced when it comes to foreclosures in Washington CountyReal 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.
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: