Real Estate Owned and Foreclosure Appraisals in Saint Louis County
Homes that have gone back to the bank's ownership and properties in foreclosure present various appraisal problems.
For a home in foreclosure, you need to know the difference between the fair market value and "quick disposition" value to know your potential charge-off liability. At The August Group Inc., we have the experience in both producing snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your time constraints.
The August Group Inc. has the training to handle the specific dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can count on.
Occupants of properties in foreclosure may be unwilling to allow an inspection of the property, thus presenting specific challenges. If they deserted the house already, they may have overlooked the care of the house for a long time - or even worse, damaged the house.
For a home that has already changed to bank owned, you most likely will want it off your hands as quickly as possible . However, you may want to know and examine three values: as-is, as repaired, and "quick sale." These represent the worth of the house without any repairs performed, with the work called for to make the house marketable at full market value appropriate with similar homes in the neighborhood, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a Real Estate Owned property, in addition to the specific information you will need -- competing listings, neighborhood trends, and so forth. You can rely on The August Group Inc. to take on the task of your bank owned property professionally and efficiently. Contact us today.