With The Holyfield Company’s widespread knowledge of and familiarity with various real estate markets throughout the Gulf Coast of Alabama, Florida, Mississippi, and Louisiana.  We are able to safeguard and preserve our clients' standing and underwriting by offering unbiased appraisal reviews in the following methods:

	Desk Review
		A review of an appraisal furnished to The Holyfield Company, by a lender, to determine if the opinion of value in the appraisal is reasonable. The subject property and comparables are not inspected. The reviewer verifies lot size, GLA, sales price and date of sale for the subject property and the comparables through an acceptable public data source as of the date of the original appraisal.
	Enhanced Desk Review
		A review of an appraisal furnished to The Holyfield Company by a lender to determine if the opinion of value in the appraisal is reasonable. The subject property and comparables are not inspected. The reviewer verifies lot size, GLA, sales price and date of sale for the subject property and the comparables through an acceptable public data source as of the date of the original appraisal. Up to three additional comparables provided. A location map (of the subject and additional comparables) is also included.
	Enhanced Field Review
		A review of an appraisal furnished to The Holyfield Company by a lender to determine if the opinion of value in the appraisal is reasonable. The subject property and comparables are inspected from the street (exterior inspection). Photographs of the subject’s front and street, as well as the comparable sales’ front are included. The reviewer verifies pertinent characteristics and features of the subject property and the comparables (to include sales price and date of sale) through acceptable data sources as of the date of the original appraisal. Up to three additional comparables provided. A location map (of the subject and additional comparables) is also included.
	Field Review Report FNMA 2000
		A review of an appraisal furnished to The Holyfield Company by a lender to determine if the opinion of value in the appraisal is reasonable. The subject property and comparables are inspected from the street (exterior inspection). Photographs of the subject’s front and street, as well as the comparable sales’ front are included. The reviewer verifies pertinent characteristics and features of the subject property and the comparables (to include sales price and date of sale) through acceptable data sources as of the date of the original appraisal. A Field Review with the addition of an interior inspection of the subject property will include photos of the subject's front, rear, street and interior specified by the lender.

 
 

The Holyfield Company, Inc. provides real property evaluation and services in the following areas:

General appraisal services for collateral assessment.

Appraisal of single and multifamily residential, apartment communities, recreational, limited        commercial properties and single tenant offices.

Review services – from desk review for Financial Institutions Reform Recovery and Enforcement Act of

1989 (FIRREA) compliance to full field review.

Review appraisals for national investors for compliance with minimum appraisal standards.

Determination of fair rental rate for Housing and Urban Development (HUD) Housing.

Appraisal and/or feasibility studies for a variety of proposed and existing residential developments,

condominiums and recreational properties, etc.

Appraisal of distressed properties.

Determination of fair rental rates for residential and commercial properties.

Appraisals of farmland, timber tracts and various environmentally sensitive lands.

Other valuations of real estate including but not limited to insurance, assessments, taxes and property      condemnation purposes.

Automated Valuations

Statistical evaluations intended for properties of conformity based upon such information as tax assessments, recent and past sales data, market tendencies, developments and trends have proven to be steadily consistent indicators of value of conforming markets.

Computerized estimations of value are not always fitting for all types of properties. Examples of such non-fitting properties are: rural properties, homes with large acreage tracts, historical homes, contemporary homes, waterfront homes and unique homes that may not be conducive to their immediate neighborhood due to major changes the owner(s) has made.

Consultations

With our knowledge and experience in market shifts, areas of development and construction trends, The Holyfield Company is able to provide consultation on a variety of residential and commercial interests.

Flood Zone Determinations

Flood certification statements are provided by using advanced topographical/navigational terrain charting technology as well as the latest FEMA flood classifications.

Appraisal reviews

Appraisal reviews determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation was obtained ensures independence and quality. Appraisal reviews also determine whether the appraisal or evaluation is consistent with the engagement letter, which defines the scope of the appraisal assignment. Additionally, some institutions supplement routine reviews with post-funding evaluations of appraisal quality for their higher-risk or greater-value transactions as a control to assist in detecting valuation problems.

In addition to conforming to the forms and guidelines of our review clients, we use the four standard Fannie Mae forms that are generally used for review services, such as an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. We are experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.

The Holyfield Company understands what makes a quality appraisal and what the most common deficiencies are. You can count on us to ethically evaluate appraisal reports performed by others; that is The Holyfield Company difference.

Residential Appraisals

Our approach to managing the residential appraisal process is to build and maintain relationships with clients. As the industry evolves, we want to make sure our clients are treated with respect and professionalism. Our friendly and professional team goes the extra mile to deliver quality. We are proud to provide clients with uncompromising appraisal and consulting services. Our internal market studies include trend analysis in collateral risks and trends in home price appreciation/depreciation. Our clients receive competent evaluations that can be trusted. The quality of the report and the integrity of our value conclusions are The Holyfield Company difference.

When you order an appraisal from The Holyfield Company, you are assured your report will be completed by highly-skilled and experienced licensed and/or certified appraiser and that all completed appraisals are reviewed by The Holyfield Company’s highly-trained real estate valuation professionals for accuracy, completion and USPAP compliance.

We offer a complete line of standard Residential Appraisal services for loan originations, loan workout servicing, loan defaults and REO properties.

We offer appraisal review services for FIRREA compliance, your internal underwriting guideline compliance, and health and safety issues.
We also offer specialized products for managing and servicing your loan portfolios, including Reconciliations of multiple value opinions.

Property Inspections

The Holyfield Company property inspections provide the real estate industry with a uniquely comprehensive range of risk mitigation products and services. We are pleased to offer the following inspection services:

• Phased New Construction Inspections
• Property Condition Inspections
• Post Disaster Inspections

The Holyfield Company has the resources and experience to handle inspection projects of any size. All field service projects and inspection requests are important opportunities to assist our clients in identifying, eliminating or managing potential risks. We provide an unparalleled level of service, prompt order processing, and comprehensive risk management.

As lenders, understanding the current state of a property is critical to the due diligence process. However, comparable listings or internal inspections are not always necessary. Many times a cost-effective, clearly defined report that provides an external perspective of property condition is sufficient. The Holyfield Company Property Inspection provides a brief and summary perspective of the property, with exterior photos, and a narrative description of the property, neighborhood condition and characteristics. It also includes an analysis of recommended repairs as determined from the external inspection.

Phased New Construction Inspections

All lenders attempt to mitigate their risk in a variety of ways. The first involves due diligence on the general contractor, architect, soil, environmental inspections, and appraisals. While the construction process is ongoing, The Holyfield Company can inspect progress to ensure construction is proceeding on schedule and to assess construction progress by evaluating the percentage of work and material items completed.

The Holyfield Company has developed a consulting/inspection schedule recognized and used by many lenders. Our phased new construction inspections will substantially reduce the risk to large investments. From building plan and specification reviews, estimated cost breakdowns, site work and construction phase inspections; our services provide you the valuable information you need. Each client has different needs. The Holyfield Company can customize a plan to meet yours.

Property Condition Inspections

We offer property inspections that help determine whether your vacant homes are at risk of contributing to urban blight. We provide an assessment of property condition in relation to its neighborhood, allowing you to confidently determine whether your properties have condition issues that could lead to financial, legal or reputation risk.

Property Condition Inspections include:

• Images of the subject property, street views, and ten closest neighboring homes
• Neighborhood map
• Narratives on property, neighborhood condition, and possible maintenance issues

Post-Disaster Inspections

Natural disaster such as hurricanes, fires, floods are not uncommon along the gulf coast. Our firm has a proven reputation in managing and evaluating the unfortunate effects of catastrophic natural disasters. Our team is prepared with skilled personnel and equipment to quickly respond and provide disaster inspection reports and proactively meet all of our clients' requirements. The Holyfield Company post-disaster inspections provide reliable risk assessment when you need it most. These reports deliver on-site photos, mapping information, and contextual data that form an integral part of any effective post-disaster evaluation.

Post Disaster Inspections detail:

• Disaster damage ranking
• Property condition
• Repair cost
• Time-to-cure
• Surrounding conditions

The Holyfield Company will go into the disaster area for you, assess and report the extent of damages, and perform this service in cooperation with the law enforcement authorities, local inspectors, and FEMA representatives. With our hands-on approach to post-disaster valuation, our commitment to client service and professional ethics, we can provide information necessary to assist you in protecting your investment.

Estate Settlement Appraisals

The complex responsibilities of an executor include: valuation and management of assets, investment management, compliance with probate procedures, tax preparation and strategic planning, real estate investment and sales. The federal and state governments may impose a tax when you transfer property to someone else after one dies. Some states do not impose an inheritance tax (levied against the heirs) or a state estate tax. Regulations are complex and details are best given by an attorney or tax advisor. However, settling an estate usually requires an appraisal to establish Fair Market Value for the real estate involved. Often, the date of death differs from the date the appraisal is requested. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death, when required. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion and competence.

Opinions of value used in documents filed with the revenue authorities should be supported by a detailed report as to how the appraiser arrived at his conclusions. Appraisals completed by The Holyfield Company demonstrate that the opinion rendered is well founded and substantiated. We work closely with estate administrators, attorneys, and executors to determine the values necessary to settle estates. We also do retroactive appraisals to estimate value as of date of death.

The federal estate tax is imposed on most types of property that a person transfers at death. Many examples of property are obvious: stocks, cash, and real estate. However, the tax can also be imposed in situations in which the deceased does not own the property but can direct where it passes. All too often, people do not fully appreciate the need to have a detailed appraisal prepared to provide support for the values submitted in documents filed with revenue authorities. Estate Appraisals are available to establish fair market value or fair market rental value in connection with estates:

• Estate tax or settlement
• Gift tax
• Trusts
• Planning
• Guardianship
• Conservatorship