Filing for Bankruptcy?
If you want to keep your home, a credible appraisal is necessary.
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.
Missing a Deadline Could Be a Costly Mistake.
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.
We Specialize in Real Estate Appraisals for Bankruptcy.
Whether you need an appraisal of your single family home, multi-family property, condo or co-op apartment, we can be of service to you.
We frequently provide real estate appraisals for the purpose of filing for bankruptcy and we understand the needs of all parties involved.
In fact, appraisals that are used for bankruptcy account for more than 50% of all the appraisal work we do.
Moreover, our appraisal reports meet the requirements of, and are regularly relied upon by the bankruptcy courts in New York State.
We're Here to Help. Call Us Today.
If you have questions or you're ready to schedule an appointment, call us today.
We'll gladly answer all of your questions and help you schedule a convenient appointment time for your home appraisal.
If you're filing for chapter 7 bankruptcy or chapter 13 bankruptcy and you need a home appraisal, call us at 516-642-4369.
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