Foreclosure and REO Appraisals in Saint Louis CountyThere are unique appraisal challenges for a home in foreclosure or one that has returned to the lender's control. For a house in foreclosure, you need to recognize the difference between fair market price and "quick disposition" value to know your potential charge-off liability. The August Group Inc. has the experience in both furnishing snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your time constraints. We have the qualifications to deal with the unique dynamics of a foreclosure appraisal. For a company you can trust, contact The August Group Inc.. Owners of houses in foreclosure may be unwilling to allow an inspection of the house, thus presenting specific challenges. If they deserted the property already, they may have overlooked the care of the house for quite awhile - or even worse, caused damage to the house. For real estate that has changed to Real Estate Owned, you typically will want to get rid of it quickly . But you might want to understand and examine three values: as-is, as repaired, and "quick sale." These represent the value of the home without any repairs done to it, with the repairs needed to make the home marketable at full market value comparable with similar houses in the neighborhood, and, somewhere in the middle, with minimal investment in repairs - selling the property quickly, likely to someone inclined to finish the job themselves. Again, we understand your timeline and the special situation of a Real Estate Owned house, in addition to the unique information you'll need -- competing listings, neighborhood trends, and so forth. You can count on The August Group Inc. to take on the appraisal of your bank owned property with expertise and professionalism. Contact us today. |