Loan Modification Appraisals Los Angeles

A home appraisal provides you with an accurate assessment of your home’s fair market value. Significant discrepancies in the value of your home can create potential problems in a loan modification or bankruptcy. If 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.

In addition, an obvious ‘low ball’ value will call your honestly, truthfulness and credibility into question in future proceedings with the Bankruptcy judge, trustee, and opposing counsel. If a value is listed too high, a client may miss out on the availability of a Chapter 7 and/or end of paying back more than necessary in a Chapter 13.

Real estate appraisers therefore perform an integral function in the bankruptcy process. Appraisers usually estimate asset collateral values of secured creditors and debtor-in-possession (DIP) financings; help to identify and value sale/leasebacks, spin-offs, licensing and other re-organization opportunities; and are often involved in structuring and valuing restructured debt and equity instruments as well as assessing and opinionating on the fairness of proposed re-organization plans.

For these reasons, bankruptcy professionals quite often need to hire, work with and rely on experienced real estate appraisers. Our team of licensed/certified and experienced appraisers at 1 Day Home Appraisal understands the complexities involved in assessing the value of a property under these difficult circumstances and work hard to provide you with the best possible experience.