The August Group Inc. is a company you can trust when it comes to foreclosures in St Louis
Houses that have returned to the institution's possession and properties in foreclosure create various appraisal challenges.
For a home in foreclosure, you need to know the difference between fair market value and "quick disposition" to know your likely charge-off liability. The professionals at The August Group Inc. can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that respect your urgency.
We have the expertise to deal with the special dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can rely on.
Special challenges may be present when dealing with owners of property in foreclosure. They might be unwilling to allow an inspection of the home. They could have left the home already and/or neglected care of the home for some time - or gone as far as caused damage to the property.
You'll be interested in a speedy disposition if the property has reverted to bank owned. So you may want to understand and compare three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any work done to it, with the work due to make the home marketable at full market value commensurate with the other properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your time line and the unique situation of an REO house, in addition to the special data you'll need -- competing listings, market trends, and so forth. You can rely on The August Group Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.