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The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist. The information on this website is meant soley for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation or any other potential appraisal-related purpose. The material found on this website is meant for casual reading only. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose, please contact us for more information. Thank you.

Divorce Appraisals in the Sacramento Region

March 6, 2009 in Divorce, Litigation | No comments

What is the difference between a real estate appraisal completed for a divorce and a typical loan appraisal?

Here are a few differences:

The divorce appraisal is very likely to have a retrospective date of value, meaning that the appraised value is based upon a date in the past (the filing date) rather than today’s date.
Sometimes both the retrospective value and current market value (as of today) are needed for divorce.
The appraiser in a divorce situation may be called upon to be an “expert witness” if the case goes to court, so it is crucial to include additional research and data within the appraisal report to ensure that value and adjustments are clearly explained and supported.
The divorce appraisal is not completed according to Fannie Mae guidelines as typical loan appraisals are.
The divorce appraisal ought to be completed on a general non-Fannie Mae form since the purpose is other than a loan.
The divorce appraisal is the same as a loan appraisal in terms of confidentiality. No information regarding the appraisal or appraised value is ever shared by me with any other party than the client who ordered the appraisal.
The appraiser is bound by USPAP in both types of appraisals. These are the uniform standards that guide the appraisal profession.

Whether you are an attorney or home owner, if you have questions regarding litigation or divorce appraisals in the Sacramento Region, please contact me at 916-595-3735 or www.lundquistcompany.com. Offering my appraisal services for litigation is one of the arenas I am available for. In addition to a solid appraisal report, you can expect professionalism, confidentiality, punctuality, courtesy, and reasonable rates.

You can see our divorce appraisal website also at www.SacramentoDivorceAppraisals.com.

http://www.lundquistcompany.com/blog The Word on Real Estate Appraisals for Divorce (Sacramento Region)