Bankruptcy Home Appraisal
Do you need a home appraisal for bankruptcy?
When filing for bankruptcy, an attorney often recommends having a Certified Appraiser perform a fair market home appraisal report. Properly valuing your home in both Chapter 7 and Chapter 13 bankruptcy is essential. In some situations, your property's value will determine whether you can keep it or strip junior mortgages off.
NOTE: Appraisals that include the full interior and exterior inspection are significantly more reliable than those based on exterior-only or desktop/no-inspection formats. This is due to the broader scope of verifiable data available for analysis, including direct observation of property condition, quality, layout, and features that may not be apparent or accurately represented through public records, photos, or third-party sources. Limited-inspection and no-inspection assignments inherently involve a greater degree of assumption and uncertainty, which can affect the precision and credibility of the final value conclusion.
Do you need a home appraisal for bankruptcy?
When filing for bankruptcy, an attorney often recommends having a Certified Appraiser perform a fair market home appraisal report. Properly valuing your home in both Chapter 7 and Chapter 13 bankruptcy is essential. In some situations, your property's value will determine whether you can keep it or strip junior mortgages off.
NOTE: Appraisals that include the full interior and exterior inspection are significantly more reliable than those based on exterior-only or desktop/no-inspection formats. This is due to the broader scope of verifiable data available for analysis, including direct observation of property condition, quality, layout, and features that may not be apparent or accurately represented through public records, photos, or third-party sources. Limited-inspection and no-inspection assignments inherently involve a greater degree of assumption and uncertainty, which can affect the precision and credibility of the final value conclusion.
Do you need a home appraisal for bankruptcy?
When filing for bankruptcy, an attorney often recommends having a Certified Appraiser perform a fair market home appraisal report. Properly valuing your home in both Chapter 7 and Chapter 13 bankruptcy is essential. In some situations, your property's value will determine whether you can keep it or strip junior mortgages off.
NOTE: Appraisals that include the full interior and exterior inspection are significantly more reliable than those based on exterior-only or desktop/no-inspection formats. This is due to the broader scope of verifiable data available for analysis, including direct observation of property condition, quality, layout, and features that may not be apparent or accurately represented through public records, photos, or third-party sources. Limited-inspection and no-inspection assignments inherently involve a greater degree of assumption and uncertainty, which can affect the precision and credibility of the final value conclusion.
Includes:
Valuation by Certified Residential Appraiser
Minimum 3 Comparables
Market Analysis/Statistics
Subject Photos (not for Desktop)
Sketch (using on-site laser measurements) (not for Desktop)
Location Map
Note: For Desktop/No Inspection appraisals, we will follow up with you to assist with gathering property information electronically. The evaluation will only be conducted once this information is received. See video.
Disclaimer: *Fees may vary for properties with larger square footage, on larger lots, and/or have other unique features, including outbuildings, waterfront, etc. Delivery times may vary based on seasonal volume, location, and complex properties. The report cannot be used for lending purposes.