The home may be the greatest single asset of a marriage, but it may become a point of contention in a divorce, given its financial and emotional value. It's important to understand both the legal rights and economic realities before making any decisions. A divorce appraisal
involves many difficult decisions about the kids, investments and marital assets, including who gets the house. When it comes to the house and other real estate properties, the two most common choices are selling and dividing the proceeds, or one party can “buy out” the other. In either case, one or both parties will order an appraisal of the residence and other real estate holdings.
Estate Planning & Settlement Appraisals
A real property value
appraisal is typically required for estate settlement purposes as well as estate planning. By providing an expert opinion of value placed on real property, an Estate Appraiser can provide services essential by providing a conclusion of a market value opinion of a residential or commercial property. We understand the purpose and are very experienced providing services to any parties involved. We provide estate appraisal reports that meet the requirements of families and heirs, along with the courts and various agencies, either on a retrospective or current basis, establishing a conclusion of a market value opinion to assist in settling or planning an estate among heirs
An FHA appraisal
conducted by a certified and approved FHA appraiser is needed for underwriting FHA 203b and 203k loans. All residential home loan programs including VA, FHA and conventional (Fannie Mae, Freddie Mac) require the performance of comprehensive appraisal report. The appraiser must inspect the property to ascertain that it meets minimum FHA Standards and value.