The Bankruptcy appraisal is used in court to set the market value of a property in a bankruptcy proceeding. It is important that the appraisal you receive is accepted in Bankruptcy Court. There are several different types of appraisals available. The less expensive options are less detailed and may not be accepted by the Judge. Check with your attorney before selecting which type of appraisal will meet your needs. M&C Appraisals can provide you several levels of valuation services.
1) Desktop appraisal – This does not require us to physically inspect the property and sale comparables and is our least expensive service. Just attach a completed property survey with your order and we can quickly provide you with this service.
2) Drive by appraisal – This does not require us to inspect the interior of the property. Therefore, we do not need to disturb the occupant to perform the appraisal. This is our mid level service. Just attach a completed property survey with your order and we can quickly provide you with this service.
3) Full exterior and interior appraisal – This is the most complete and accurate appraisal service we provide. We do need to access the interior of the property for a full inspection of the property.
If you have a need for a Certified Residential Appraiser to produce a USPAP* compliant, credible, well supported, defensible appraisal for your bankruptcy, or just have a question, please contact us.
*USPAP – Uniform Standards of Professional Appraisal Practice