The August Group Inc. is experienced when it comes to foreclosures in Saint Louis
Properties that have gone back to the financial institution's ownership and houses in foreclosure create unique appraisal challenges.
For a house in foreclosure, you should understand the gap between the fair market and "quick disposition" price to know your likely charge-off liability. The August Group Inc. has the knowledge in both presenting snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
We have the qualifications to work with the special dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can trust.
Owners of property in foreclosure, of course, can present specific challenges. They could be unwilling to allow an inspection of the home. They may have abandoned the property already and/or ignored the care of the house for awhile - or worse, vandalized the property.
For a house that has already reverted to REO, you typically will want it off your hands as quickly as possible . But you might want to understand and compare three values: as-is, as repaired, and "quick sale." These correspond to the value of the home without any work done to it, with the work called for to make the house marketable at full market value appropriate with competing homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your timeline and the unique circumstances of an REO property, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can bank on The August Group Inc. to take on the task of your REO with expertise and professionalism. Contact us today.