The August Group Inc. is experienced when you need appraisals for bank owned properties in Saint Louis
Homes that have returned to the institution's control and properties in foreclosure present particular appraisal problems.
When there is a house in foreclosure, you need to recognize the difference between fair market value and "quick disposition" value to know your potential charge-off liability. We can provide both snapshots of fair market value for our mortgage originating clients, as well as "quick sale" forecasts that respect your timeline.
You need a company who has the experience to handle the particular dynamics of a foreclosure appraisal. For a company you can rely on, contact The August Group Inc..
Unique challenges might be present when working with owners of homes in foreclosure. They might be opposed to allowing an inspection of the house. Often the homes have been vandalized, often by the former residents themselves. Or, it's common to find nobody has occupied the house for months or the home neglected for long of time.
For real estate that has returned to REO, you likewise will be going for a fast disposition . However, you may want to know and analyze three values: as-is, as repaired, and "quick sale." These represent the value of the property without any work performed, with the repairs required to make the property marketable at full market value consistent with the other properties in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, likely as a "fixer-upper". Again, we understand your time line and the unique situation of a Real Estate Owned house, as well as the special data you'll need -- competing listings, neighborhood trends, and so forth. You can bank on The August Group Inc. to handle the appraisal of your REO professionally and efficiently. Contact us today.