When buying, selling, or refinancing your property choosing an appraiser who specializes in performing bankruptcy appraisals is a wise option.
Typically, bankruptcy judges will only accept state-licensed appraisers with a proven history of preparing accurate appraisals. The court recognizes the importance of a strongly supported appraisal, as should you and your attorney, to permit a successful bankruptcy filing.
Appraisals are an important part of the homebuying process. A real estate appraisal establishes a property’s market value, the likely sales price it would bring if offered in an open and competitive real estate market.
When you file for bankruptcy, you must provide the court with a total financial snapshot of your current income, debt, and other obligations. While establishing values for most of these things is relatively easy, determining the current value of your home can be challenging. A Bankruptcy Appraiser is the best way to prove to the court that your value, as written in your bankruptcy documents, is accurate.
Gina Rascati is specializing in appraisals of single family homes, one to four-unit properties (duplexes, triplexes, quadplexes), condominiums, vacant land, and mobile homes. Qualified work such as: Her experience, credibility, and Industry reputation, are critical to the bankruptcy judge in accepting or rejecting your home valuation as accurate. She is qualified as nationwide auditing for: USPAP, FIRREA and HVCC compliance and FDIC asset management.
Every year, countless people in the United States buy, sell, or refinance their own slice of the American Dream. Most, if not all, of these transactions include a simple line item for an appraiser. It has become an understood and accepted part of a real estate transaction.