The August Group Inc. is experienced when you need appraisals for foreclosures in Saint Louis
Homes that have reverted to the bank's possession and properties in foreclosure present various appraisal difficulties.
You should understand the difference between fair market price and "quick disposition" price to evaluate your likely charge-off liability when dealing with a property in foreclosure. The August Group Inc. has the training in both presenting snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your time line.
You need a company who has the training to handle the unique dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can trust.
Owners of properties in foreclosure, of course, can present specific challenges. They might be disinclined to allow an inspection of the house. They may have abandoned the property already and/or overlooked the care of the home for quite some time - or worse, intentionally harmed the house.
You'll be interested in an expedited disposition if the property has already reverted to bank owned. So you need to understand and compare three values: as-is, as repaired, and "quick sale." These represent the value of the property without any repairs performed, with the repairs needed to make the house marketable at full market value appropriate with competing houses in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO home, in addition to the special information you will need -- competing listings, market trends, and the like. You can count on The August Group Inc. to handle the task of your bank owned property professionally and efficiently. Contact us today.