Real Estate Owned and Foreclosure Appraisal in Saint Louis CountyThere are various appraisal difficulties regarding a house in foreclosure or one that has reverted to the bank's holding. It's important to recognize the difference between fair market value and "quick disposition" worth to know your possible write-down liability when dealing with a house in foreclosure. The professionals at The August Group Inc. can provide both snapshots of fair market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into account your time constraints. You need a company with the qualifications to work with the particular dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can rely on. Special challenges might be present when working with owners of property in foreclosure. They could be unwilling to allow an inspection of the property. They may have deserted the home already and/or ignored the care of the home for some time - or unfortunately, caused damage to the house. You will be interested in an expedited disposition if the property has reverted to REO. So you need to know about and examine three values: as-is, as repaired, and "quick sale." These correspond to the value of the house without any work done to it, with the work called for to make the house marketable at full market value consistent with similar properties in the area, and, somewhere in between, with minor investment in repairs - selling the property quickly, possibly to someone inclined to finish the job themselves. Again, we understand your urgency and the special circumstances of a Real Estate Owned home, in addition to the special information you will need -- competing listings, neighborhood trends, and so forth. You can rely on The August Group Inc. to take on the appraisal of your bank owned property professionally and efficiently. Contact us today. |