Home Appraisal for Bankruptcy
A Certified Appraisal is Necessary to Keep Your Home
Because of the recent economic downturn, bankruptcy has become an unavoidable reality for many homeowners.
If you’re planning on filing for bankruptcy and you own a home, here’s what you need to know.
You Need to Prove What Your Property is Worth
Your attorney will ask you to estimate the value of your home – and you must be as accurate as possible.
The bankruptcy court will demand that you provide proof to back up your claim of what your property is worth.
So, how do you calculate the value of your home and prove to the court that your valuation is accurate?
The most credible piece of evidence you can provide to the bankruptcy court is a written appraisal report, prepared by a licensed real estate appraiser like us t the REIS group.
We Specialize in Real Estate Appraisals for Bankruptcy
As a matter of fact, appraisals that are used for bankruptcy account for more than half of all the appraisal work we do.
Bankruptcy attorneys routinely refer us their clients because they know our appraisal reports meet the requirements of bankruptcy courts throughout New York State.
Get Started Now to Meet Critical Deadlines
Your attorney will inform you and guide you through the bankruptcy process, but it is your responsibility to order an appraisal of your home.
And it’s important for you to know that the bankruptcy process has several critical deadlines – missing one could be very costly.
You should also know that getting an appraisal is a process that takes time.
So, in order to avoid missing any of these important deadlines, you’ll want to order a Home appraisal as soon as possible.