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Call The August Group Inc. to order valuations on Saint Louis foreclosures

The August Group Inc. is experienced when it comes to bank owned properties in St Louis, Missouri

Homes that have returned to the institution's holding and homes in foreclosure create various appraisal challenges.

For a property in foreclosure, you definitely need to recognize the difference between market value and a "quick disposition" to know your possible charge-off liability. The professionals at The August Group Inc. can provide both snapshots of market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your pressing needs.

The professionals at The August Group Inc. have the qualifications to work with the special dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can count on.

Unique challenges may be present when dealing with owners of property in foreclosure. They might be uncooperative to allowing an inspection of the property. Sometimes the properties have been vandalized, often by the former residents themselves. Or, it's common to discover nobody has lived in house for months or the home neglected for extended periods of time.

If you're dealing with home that has already gone back to Real Estate Owned, you will interested in a fast disposition. But you might want to know and examine three values: as-is, as repaired, and "quick sale". These symbolize:

  • The value of the property without any work performed
  • Value with the repairs called for to make the home marketable at full market value - consistent with similar homes in the neighborhood
  • With minor investment in repairs - to sell the property quickly, likely as a "fixer-upper"
Again, we understand your timeline and the special situation of a Real Estate Owned property, as well as the specific data you'll need - competing listings, market trends, and so forth. You can rely on The August Group Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.