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Divorce Appraisals
Finalizing a divorce involves many decisions,
including "Who gets the house"? There are
generally two options regarding the house - it can be
sold and the proceeds divided, or one party can
"buy out" the other. In either case, one or
both parties should order an appraisal of the residence.
Divorce appraisals require a well supported,
professional appraisal that is defensible in court. When
you order an appraisal from us, you are assured that you
will get the best in professional service, courtesy, and
the highest quality appraisal. We also know how to
handle the sensitive needs of a divorce situation.
Attorneys and Accountants rely on our values when
calculating real property values for estates, divorces,
or other disputes requiring a value being placed on real
property. We understand their needs and are used to
dealing with all parties involved. We provide appraisal
reports that meet the requirements of the courts and
various agencies.
As an attorney handling a divorce, your needs
oftentimes include an appraisal to establish fair market
value for the residential real estate involved. Often
the divorce date differs from the date you order the
appraisal. We are familiar with the procedures and
requirements necessary to perform a retroactive
appraisal with an effective date and Fair Market Value
estimate matching the date of divorce. The ethics
provision within the Uniform Standards of Professional
Appraisal Practice (USPAP) binds us with
confidentiality, ensuring the fullest degree of
discretion.
Additional information:
Some excellent resource for divorce
information! May more available online.
Divorce
Source
Divorce Net
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WARNING! |
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HVCC & YOU!
On May 1, 2009 the HVCC was initiated
throughout the Country on every mortgage transaction that
involves an appraisal that is sold to Fannie Mae and Freddie
Mac. This involves all conventional loans which prior to the
present meltdown was approximately 70% of all lending. With
the banking system crippled, conventional loans seized up
and nearly came to a halt. Presently, the conventional
mortgage market is still trying to get back on its feet
albeit very slowly and cautiously. Then there is the HVCC.
The HVCC came about due to pressure put on an appraisal
management company called eAppraiseIT by a large mortgage
lender Washington Mutual in the State of New York. The
Attorney General of New York created the HVCC. To stay out
of litigation (even though not directly involved), the
appellant in the case (The State of New York) arranged to
have Fannie Mae (FNMA) sign an agreement that all loans
placed through FNMA & Freddie Mac would have to adhere to
this new HVCC.
“We knew this was causing extreme hardship to the industry,
but we didn’t expect to get thousands of horror stories from
would-be homebuyers whose dreams have been dashed by this
well-intended, but misguided policy. Every day thousands of
people are getting the rug yanked out from under them in
their quest to become homeowners because of HVCC. You only
need to go to our petition website to read the stories for
yourself,” said Kearns. READ MORE... |
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We
still accept appraisal orders via fax,
phone call and through the Order
Appraisal link on our website.
CLICK HERE! |
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