The August Group Inc. is experienced when you need appraisals for bank owned properties in Saint Louis CountyThere are particular appraisal difficulties when we're talking about a home in foreclosure or one that has reverted to the institution's holding.
When there is a home in foreclosure, you need to recognize market value versus a "quick disposition" price to know your possible charge-off liability. The August Group Inc. has the training in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.
Particular challenges may be present when working with owners of property in foreclosure. They may be opposed to allowing an inspection of the property. They could have left the house already and/or overlooked the care of the property for a long time - or unfortunately, ransacked the property.
If you're dealing with home that has already returned to REO, you will interested in a fast disposition. However, you may want to know about and analyze three values: as-is, as repaired, and "quick sale". These represent: