Foreclosure and Real Estate Owned Appraisal in Saint Louis County
Homes in foreclosure and houses that have gone back to the financial institution's possession bring forth various appraisal problems.
For a property in foreclosure, you need to understand the difference between the fair market value and "quick disposition" to know your potential charge-off liability. The August Group Inc. has the knowledge in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that understand your time line.
You need a company who has the qualifications to work with the special dynamics of a foreclosure appraisal. For a company you can rely on, contact The August Group Inc..
Occupants of houses in foreclosure might be opposed to allowing an inspection of the property, thus presenting particular challenges. If they left the house already, they may have ignored the care of the house for quite some time - or unfortunately, ransacked the house.
If your property has gone back to REO, you will interested in a quick disposition. But you may want to know about and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the home without any work performed, with the repairs required to make the property marketable at full market value corresponding with the other real estate in the area, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your timeline and the unique situation of a bank owned house, as well as the unique information you'll need -- competing listings, market trends, and so forth. You can count on The August Group Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.