The August Group Inc. is experienced when you need appraisals for foreclosures in St Louis
Homes that have gone back to the bank's holding and houses in foreclosure present unique appraisal problems.
When dealing with a property in foreclosure, it's important to recognize the difference between fair market value and "quick disposition" price to analyze your possible charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, in addition to "quick sale" forecasts that take into consideration your time line.
You need a company who has the experience to deal with the particular dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can trust.
Special challenges may be present when dealing with owners of houses in foreclosure. They might be opposed to allowing an inspection of the home. They may have left the home already and/or ignored the care of the property for awhile - or gone as far as ransacked the property.
You will be interested in an expeditious disposition if the home has reverted to bank owned. So you may want to understand and analyze three values: as-is, as repaired, and "quick sale." These symbolize the worth of the house without any repairs done to it, with the work necessary to make the property marketable at full market value comparable with competing properties in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your time line and the unique circumstances of a Real Estate Owned house, in addition to the specific data you'll need -- competing listings, market trends, and so forth. You can bank on The August Group Inc. to take on the appraisal of your REO with expertise and professionalism. Contact us today.