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Call The August Group Inc. to discuss valuations regarding Saint Louis foreclosures

The August Group Inc. is experienced when you need appraisals for bank owned properties in Saint Louis County

There 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.

We have the training to deal with the special dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can rely on.

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:

  • The value of the property without any repairs done to it
  • Value with the repairs needed to make the property marketable at full market value - appropriate with competing real estate in the neighborhood
  • Somewhere in the middle, with minor investment in repairs - to offload the home quickly, probably to someone who'd prefer to finish the job themselves
Again, we understand your time line and the specific circumstances of a bank owned home, in addition to the specific information you will need - competing listings, market trends, and the like. You can count on The August Group Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.