The August Group Inc. is a company you can trust when it comes to bank owned properties in St Louis
Properties that have returned to the institution's control and houses in foreclosure create specific appraisal problems.
When dealing with a home in foreclosure, it's important to know the difference between fair market price and "quick disposition" worth to analyze your potential charge-off liability. The August Group Inc. has the experience in both furnishing snapshots of fair market value for our mortgage servicing clients, in addition to "quick sale" forecasts that take into consideration your time constraints.
We have the qualifications to work with the specific dynamics of a foreclosure appraisal. Contact The August Group Inc. for a company you can count on.
Occupants of properties in foreclosure could be uncooperative to allowing an inspection of the property, thus presenting particular challenges. Sometimes the houses have been vandalized, often by the residents. Or, it's likely you'll find a house at least abandoned or the home languishing in disrepair for extended periods of time.
You will be interested in a speedy disposition if the property has reverted to bank owned. So you might want to know about and compare three values: as-is, as repaired, and "quick sale." These correspond to the worth of the property without any repairs performed, with the repairs required to make the house marketable at full market value consistent with similar real estate in the area, and, somewhere in between, with minimal investment in repairs - selling the property quickly, seemingly as a "fixer-upper". Again, we understand your urgency and the special circumstances of a bank owned home, as well as the special information you'll need -- competing listings, market trends, and the like. You can rely on The August Group Inc. to take on the task of your REO professionally and efficiently. Contact us today.