Bankruptcy Appraisals
Declaring bankruptcy is an unfortunate reality in certain circumstances. We understand the pressures involved in bankruptcy. Spending money for an appraisal is the last thing you want to do, however an appropriate appraised value of your home is necessary. You need to be as accurate as possible when your attorney asks you to estimate your home’s value. In fact, often times an attorney will recommend you contact a local real estate appraiser.
A home appraisal provides you with an accurate assessment of your home’s current fair market value. Significant discrepancies in the value of your home can create potential complications during bankruptcy. A value that’s too low can result in a trustee objecting the scheduled valuation and potentially attempting to seize your home. If the value is listed too high, you may be required to pay more than is necessary in a Chapter 13 bankruptcy and/or miss out on the opportunity of protection through a Chapter 7 bankruptcy. In addition, any discrepancies will call your honesty and credibility into question in future proceedings with the bankruptcy judge, trustee, and opposing counsel.
A professional appraisal of your property will assure the court that a fair assessment of value has been established and often expedite the proceedings with substantially improved results. Appraisals For Land And Home in Blue Ridge, Georgia can help make the appraisal and bankruptcy process more efficient and less painful than it may otherwise be. Our team of certified and local experienced appraisers understands the complexities involved in assessing the value of a property here in the Blue Ridge, Georgia area under these difficult circumstances and will work hard to provide you with the best possible experience