Divorce is a stressful time in your life. So is going through a bankruptcy. Sometimes, they happen at the same time, and it can feel like there is no end in sight. Fortunately, Divorce Home Appraisals is here to help. We can arm you with the data you need to move towards a fresh start, quickly and efficiently.
When going through the bankruptcy process, an attorney will often have a real estate appraisal completed in order to accurately assess the property’s fair market value. It is important to obtain the services of a qualified real estate appraiser who has the proper certification and experience within your market area. Finding a well-qualified appraiser will help make the entire valuation portion of the bankruptcy run smoothly.
A bankruptcy appraisal is completed for purposes as laid out by the court. It sets the market value of your property in a bankruptcy proceeding. A credible bankruptcy appraisal report from Divorce Home Appraisals will provide the fair market value, market analysis, and all other necessary property information for your particular residential property.
Significant discrepancies in the value of your home can create potential problems in bankruptcy. If the value is listed too low, the client runs the risk of a trustee objecting to their scheduled valuation and potentially asking the court for permission to seize your home. If a value is listed too high, a client may miss out on the availability of a Chapter 7 and/or end up paying back more than necessary in a Chapter 13.
Appraisers usually estimate asset collateral values of secured creditors and debtor-in-possession (DIP) financing, help to identify and value sale/leasebacks, spin-offs, and licensing and other re-organization opportunities, and are often involved in structuring and valuing restructured debt and equity instruments as well as assessing and delivering professional opinions on the fairness of proposed re-organization plans.
Our team of certified and experienced appraisers at Divorce Home Appraisals understands the complexities involved in assessing the value all residential property types under these difficult circumstances. We always work hard to provide you the best possible experience.
Contact Divorce Home Appraisals at (678) 791-4849 for bankruptcy appraisal services that you can count on. We are here to answer your bankruptcy needs and we look forward to serving you. Divorce Home Appraisals has the experience and qualifications to meet all your appraisal needs.