The August Group Inc. is a company you can trust when it comes to foreclosures in St Louis
There are specific appraisal challenges when it comes to a property in foreclosure or one that has gone back to the financial institution's possession.
When there is a property in foreclosure, it's important to differentiate the difference between fair market value and "quick disposition" worth to evaluate your probable charge-off liability. The August Group Inc. has the background in both producing snapshots of fair market value for our mortgage lending clients, as well as "quick sale" forecasts that respect your time constraints.
You need a company with the experience to work with the special dynamics of a foreclosure appraisal. For a company you can count on, contact The August Group Inc..
Owners of homes in foreclosure, of course, can present specific challenges. They could be opposed to allowing an inspection of the home. If they abandoned the property already, they may have neglected care of the house for a long time - or even worse, damaged the home.
For a house that has gone back to bank owned, you most likely will want to get rid of it quickly . However, you might want 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 due to make the house marketable at full market value comparable with competing properties in the area, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, seemingly to someone who'd rather finish the job themselves. Again, we understand your timeline and the unique situation of a Real Estate Owned house, as well as the unique data you will need -- competing listings, neighborhood trends, and the like. You can bank on The August Group Inc. to handle the task of your bank owned property with expertise and professionalism. Contact us today.