Red Tree Appraisals works with many local area Attorneys specializing in Bankruptcy Appraisals.
Often times when going through a Bankruptcy, an attorney will recommend their clients contact a local real estate appraiser to perform an appraisal on their home to accurately assess its current fair market value.
This home appraisal provides an accurate assessment of the home’s fair market value. It is extremely important to have an appraisal done by an experienced appraiser as 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.
In addition, an obvious ‘low ball’ value will call honesty, truthfulness and credibility into question in future proceedings with the Bankruptcy judge, trustee, and opposing counsel. If a value is listed too high, a client may miss out on the availability of a Chapter 7 and/or end of paying back more than necessary in a Chapter 13.
For these reasons, bankruptcy professionals quite often need to hire, work with and rely on experienced real estate appraisers. Our team at Red Tree Appraisals understands the complexities involved in assessing the value of a property under these difficult circumstances and work hard to provide the best possible experience. We excel in our professionalism and turn around time in these requests.
Give Red Tree Appraisals a call today to see how we can join forces. Red Tree Appraisals will represent your firm in the professional manner you expect!