When going through the bankruptcy process, an attorney must often have a real estate bankruptcy appraisal completed in order to accurately assess the property’s fair market value. It is important to obtain the services of a qualified real estate appraiser who has the proper certification and experience within your market area. Finding a well-qualified appraiser, such as South Fulton Property Appraiser, helps make the entire valuation portion of the bankruptcy run smoothly.
A bankruptcy appraisal is completed for purposes as laid out by the court. It sets the market value of your property in a bankruptcy proceeding. A credible bankruptcy appraisal report provides the fair market value, market analysis, and all other necessary property information for your particular residential property.
Significant discrepancies in the value of your home can create potential problems in bankruptcy. When 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. When a value is listed too high, a client may miss out on the availability of a Chapter 7 and/or end up paying back more than necessary in a Chapter 13.
Our appraisers estimate asset collateral values of secured creditors and debtor-in-possession (DIP) financing, help to identify and value sale/leasebacks, spin-offs, licensing, and other reorganization opportunities, and are often involved in structuring and valuing restructured debt and equity instruments as well as assessing and giving opinions on the fairness of proposed reorganization plans.
Our team of certified and experienced appraisers at South Fulton County Property Appraiser understands the complexities involved in assessing the value all residential property types under these difficult circumstances. We always work hard to provide you the best possible experience.
Contact South Fulton County Property Appraiser at (404) 907-1846 for bankruptcy appraisal services that you can count on. South Fulton County Property Appraiser has the experience and qualifications to meet all of your appraisal needs. We look forward to serving you.