Bankruptcy Appraisals

The impact of the mortgage crisis has had a significant affect on homeowners as well as lenders. Alta Associates Appraisals, Inc can provide you with a real estate appraisal report to be utilized for court purposes in determining the estimated market value of a residential real property in a bankruptcy proceeding.  

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the bankrupt individual or organization). Chapter 7 - Liquidation is the most commonly filed form of bankruptcy, having doubled in number in the last two years. A bankruptcy appraisal is an important part of the procedure to determine a homes market value.

Our professional services in preparing a bankruptcy home appraisal  are typically required in such a matter. Clients or their legal representative(s) can contact us any time and, we would be more than willing to assist. Call 973.715.1700