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