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Call August Schultz & Associates Inc. to discuss appraisals for Saint Tammany foreclosures

REO and Foreclosure Appraisals in Saint Tammany County

There are unique appraisal problems when we're talking about a house in foreclosure or one that has gone back to the institution's control.

You need to understand the meanings of "market value" and a "quick disposition" price to evaluate what losses you stand to sustain when dealing with a property in foreclosure. August Schultz & Associates Inc. has the training in both producing snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that understand your pressing needs.

August Schultz & Associates Inc. has the training to handle the unique dynamics of a foreclosure appraisal. Contact August Schultz & Associates Inc. for a company you can trust.

Occupants of properties in foreclosure could be unwilling to allow an inspection of the property, thus presenting particular challenges. Sometimes the properties have been intentionally damaged, unfortunately by the former residents. Or, it's likely you'll find nobody has lived in house for months or the home languishing in disrepair for long periods of time.

For real estate that has already gone back to bank owned, you most likely will be going for a fast resolution. But you may want to know about and compare the concepts of "as-is", "as repaired", and "quick sale" values. These correspond to:

  • The value of the house without any repairs performed
  • Value with the work required to make the house marketable at full market value - in accordance with competing homes in the neighborhood
  • With minimal investment in repairs - to sell the home quickly, seemingly as a "fixer-upper"
Again, we understand your urgency and the unique situation of an REO home, as well as the special data you'll need - competing listings, neighborhood trends, and so forth. You can rely on August Schultz & Associates Inc. to take on the appraisal of your REO professionally and efficiently. Contact us today.