Why Do I Need An Accurate Home Value Assessment For a Bankruptcy?
It is important to note that significant discrepancies in the value of your home can create potential problems in your bankruptcy proceedings. If the value is too low the client runs the risk of a trustee objecting to their scheduled valuation and potentially asking the court for permission to seize the property. A low value will also call your integrity and credibility into question in future proceedings with the bankruptcy judge, trustee, and opposing counsel. In return, if a property value is listed too high a client may miss out on the availability of a Chapter 7 bankruptcy or end up paying more than is necessary in a Chapter 13 filing.
Since you need to be as accurate as possible when estimating your property’s value, you’ll need the help of a local San Diego property appraiser.
TCO APPRAISALS can perform an appraisal on the property to gather and determine information to accurately assess its current fair market value.