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Real Estate Bankruptcy Appraisals Fresno & Madera Counties

Call now to speak with an appraiser:

(559) 761- 2370
                               
  • Local - Our appraisers live and work in Fresno and Madera Counties..
  • Personalized service – We work our schedule around yours - Week end Appointments, After 5pm
  • Detailed / Complete – Our real estate appraisals contain all the necessary information you will need for the court.
  • Strong Ethical - No information about you or your report will be released without your written approval. 
  • Quick turnarounds –  typically less than a week.
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​S. Graham:*****
Finally... someone took the time to be a helpful human being without the hope of actually making any money in the process. I just needed some general questions about an appraisal answered and Terre Armstrong did that and even gave ... more

J Woods: *****
Informative, helpful, and pleasant. Makes the process less daunting.
 
S.Grindy: *****
Needed some information on a 2014 lost appraisal. Carrie helped me find the right resources to solve my problem, even though we weren't their client! THANK YOU for the community service, Carrie!… more »


​What qualifies an Appraiser to appraise your home?   Licensed California Real Estate Appraisers  must have formal education in appraisal procedures, appraisal theory , appraisal economics, appraisal law and appraisal ethics.  

What does this mean?  It means that before appraisers receives their license,  they must complete education requirements and work under a supervisor appraiser for two years. Appraisers must then  pass state board exams before they can become a Licensed Appraiser. 
 
When you order an appraisal from a licensed appraiser you can be assured that they have education but what about experience?  

An experienced licensed appraiser is one that has been appraising for a number of years, continues with their education and knows your area.


Here is a quick check off list to get you started.  By clicking here you will be taken to a PDF file for downloading.  Check off List

How Much does an Appraisal Cost?

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Call for Price Quote:

(559) - 761 - 2370

What is a Bankruptcy Appraisal?

A bankruptcy appraisal is a crucial step in the process because it helps establish the accurate value of your home, which is essential for your bankruptcy case. Here's a summary of the key points from the text:
  1. Purpose of Bankruptcy Appraisal: When filing for bankruptcy, you are required to present a comprehensive financial overview, including your income, debts, and obligations. Determining the current value of your home is important but can be challenging. A bankruptcy appraisal helps prove to the court that the value stated in your bankruptcy documents is accurate.
  2. Establishing Fair Market Value: Similar to an appraisal for a mortgage loan, a bankruptcy appraisal provides an opinion on your home's fair market value. The appraiser achieves this by comparing your home to recent sales of similar properties (usually three to six) in your neighborhood.
  3. Use of Factual Data: The bankruptcy appraiser relies on factual data from recent property sales to support the value stated in the appraisal report. This data-driven approach adds credibility to the appraiser's opinion.
  4. Importance of Appraiser's Credentials: The experience, credibility, and reputation of the appraiser are critical factors for the bankruptcy judge to consider when evaluating the accuracy of the home valuation. A well-qualified appraiser can significantly impact whether the court accepts or rejects the value presented in the bankruptcy documents.
In summary, a bankruptcy appraisal is an essential step when filing for bankruptcy to determine the accurate value of your home. The appraiser's expertise and reputation play a significant role in influencing the court's decision on the home valuation during the bankruptcy proceedings

Filing for bankruptcy stop foreclosure?
Bankruptcy stops a foreclosure in its tracks. The filing triggers the automatic stay which stops all creditors from any action to collect their claim including foreclosure.

Chapter 13 Bankruptcy and Home Appraisal
Chapter 13 Overview: In Chapter 13 bankruptcy, the stay lasts as long as the case is pending. This chapter is designed to empower debtors to rectify defaults in their home mortgages over an extended period—typically 3 to 5 years. By making regular monthly payments and contributing sufficient funds to a Chapter 13 plan, debtors can bring their mortgage current by the plan's end, thereby potentially saving their homes. Additionally, Chapter 13 may shield a property from foreclosure proceedings while a loan modification is under consideration.

Long-Term Solution: While bankruptcy can halt foreclosure in the short term, its efficacy as a long-term solution depends on individual goals and the ability to address the underlying financial issues.

Considering Your Property: If you're contemplating whether to keep your property, consider the following factors. If the decision is affirmative, read on.

Accurate Property Valuation: When filing for bankruptcy, an accurate valuation of your home becomes crucial. While online appraisals are readily available and free, bankruptcy proceedings necessitate a valuation conducted by a licensed appraiser.

Community of Support: Remember, you're not alone in facing these challenges. Numerous individuals find themselves in similar situations. Your lawyer will likely require precise details about your home's value to navigate the bankruptcy process effectively.

Stopping Foreclosure: Filing for bankruptcy immediately stops foreclosure proceedings. The act triggers the automatic stay, placing a temporary hold on all creditor actions, including foreclosure, allowing debtors the necessary time to address their financial situation.

Chapter 7
"In Chapter 7 bankruptcy proceedings, the automatic stay safeguarding a property is contingent upon the actions of the trustee. This protective measure endures until the property is deemed either valueless to the estate or exempt, or until the case concludes.

Creditors with a lien secured by the house can petition for relief from the stay, especially if there's a looming risk that the secured claim might surpass the property's value during the bankruptcy. While Chapter 7 offers temporary respite from foreclosure, the creditor's lien persists post-bankruptcy.

To ensure a smooth process, it's imperative that your attorney meticulously completes your Schedule B, accompanied by a formal appraisal. This step helps expedite your discharge. It is crucial to adhere to the various deadlines stipulated in the bankruptcy process, as any oversight may necessitate starting afresh.

Trust in the expertise of your attorney to navigate these complexities successfully. By providing accurate information on Schedule B and attaching a comprehensive appraisal, you enhance the efficiency of the bankruptcy proceedings, minimizing the risk of setbacks. Your diligence in meeting deadlines is pivotal; missing any can reset the process, underscoring the importance of a meticulous and timely approach."  

    Question?
 We work with home owners each day and can help you with your home's value.  Are you working now with a bankruptcy professional.  If so have her give us a call.   Our appraisers are Licensed Legal  California State Real Estate Appraiser and specialize in helping home owners.  A bankruptcy appraisal will answer the question "How much is my home worth?". Your  legal appraisal report is  Uniform Standards of Professional Appraisal Practice complaint, credible, well supported, and  defensible .  Your report will contain the bankruptcy court's required information and research.  

1) Desktop appraisal – This does not require us to physically inspect the property and sale comparables and is my  least expensive service. Just attach a completed property survey with your order and  I can quickly provide you with this service.

2) Drive-bye 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.

We want you to be successful in your bankruptcy filing.  Take the time now to research and ask questions.
 
Experienced Appraisers

While few appraisers perform only bankruptcy appraisals only, there are typically some highly experienced, well-respected appraisers, with a proven history of creating high-quality bankruptcy appraisals, in any area.

Choosing an appraiser who specializes in performing bankruptcy appraisals is a wise option.  Our appraisers understand the process and the significance of preparing a fully supported real estate   appraisal for bankruptcy proceedings.

How to Start Bankruptcy

  The following information should be used as a guide.
             

Step 1 — START WITH SEARCH

The internet is your open library with an abundance of information about bankruptcy. Where do you begin? Start with some simple Google searches. An example would be “bankruptcy California” or ask Google a question. “Where to find a bankruptcy lawyer” I think you will be surprised with the number of hits that these two searches produce. Read down through the lines. Did you notice some key words coming up? Bankruptcy, lawyer, Attorney, etc. Using these terms filter down your next search. This will produce the resources you need to educate yourself about bankruptcy before contacting a lawyer. Bankruptcy is a big decision so you should try to understand the bankruptcy process and the pros and cons of filing.
Fresno Appraisal Service 6506 W Barstow Fresno, CA 93723 559-761-2370 google338bbc9f041286df.html] UA-47162643-1