Call Ashar Property Appraisals, LLC to discuss valuations regarding Saint Louis foreclosures

Real Estate Owned Appraisal in Saint Louis County

Houses that have returned to the bank's ownership and homes in foreclosure create special appraisal problems.

For a property in foreclosure, you definitely need to know the gap between the market value and a "quick disposition" price to know your likely charge-off liability. We can provide both snapshots of market value for our mortgage lending clients, in addition to "quick sale" forecasts that understand your time constraints.

The professionals at Ashar Property Appraisals, LLC have the expertise to work with the special dynamics of a foreclosure appraisal. Contact Ashar Property Appraisals, LLC for a company you can .

Owners of property in foreclosure might be disinclined to allow an inspection of the home, thus presenting unique challenges. They might have moved out of the home already and/or neglected care of the property for quite awhile - or in some cases damaged the home.

For a home that has already reverted to REO, you probably will be going for an expeditious disposition. Regardless, you'll still want to consider three angles for looking at the value of the asset (or in some cases, liability):

  • As Repaired. Value with the repairs needed to make the home marketable at full market value - comparable with similar properties in the neighborhood
  • As-is. The value of the house without any work performed
  • Quick sale. Somewhere in between, with minimal investment in repairs - to offload the property quickly, most likely as a "fixer-upper"
Again, we understand your time line and the specific circumstances of a bank owned house, as well as the unique data you will need - competing listings, market trends, and the like. You can bank on Ashar Property Appraisals, LLC to handle the appraisal of your REO with expertise and professionalism. Contact us today.

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