Foreclosure and REO Appraisals in Saint Louis CountyProperties that have returned to the bank's holding and homes in foreclosure bring forth special appraisal difficulties. For a house in foreclosure, you need to recognize the gap between the fair market worth and "quick disposition" price to know your probable charge-off liability. We can provide both snapshots of fair market value for our mortgage lending clients, in addition to "quick sale" forecasts that respect your time line. The August Group Inc. has the expertise to work with the special dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can count on. Specific challenges can be present when working with owners of property in foreclosure. They might be opposed to allowing an inspection of the property. Often the homes show signs of vandalism, often by the residents. Or, it's common to find a house at a minimum abandoned or the home neglected for extended periods of time. If your home has already returned to REO, you will interested in a quick disposition. But you may want to know and review three values: as-is, as repaired, and "quick sale." These symbolize the worth of the property without any repairs done to it, with the repairs called for to make the house marketable at full market value comparable with similar real estate in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique circumstances of an REO house, as well as the special information you will need -- competing listings, neighborhood trends, and the like. You can rely on The August Group Inc. to handle the task of your REO with expertise and professionalism. Contact us today. |