0
If bankruptcy judges are authorized to modify principal owed on mortgages on primary residences who determines the current value of the property Does the debtor supply a recent appraisal?
Wiki User
∙ 15y ago
I believe the 'if" you mention is very real...the law and rules on how to handle it have not been finalized. It will certain be applicable to only certain mortgages and situations. Hence, it's all projection - but it seems reasonable that the court would order an appraisal, or ask both parties to submit ones and see if there is any real dispute. The higher the perceived accuracy of any professional testimony will be considered more reliable. An MAI appraisal (Member of the Appraisal Institute), is always considered highly, especially compared to something like a real estate agent one. something prepared by any involved party will obviously be considered suspect.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How does bankruptcy show on orange county property appraiser site?
Probably doesn't. Makes no difference to the appraisal of the property process what the financial status of the property owner is.
Difference between performance appraisal and potential appraisal?
potential appraisal is not performance appraisal. similarly performance appraisal is not potential appraisal.
What are different types of appraisal methods?
self appraisal one-to-one appraisal team based appraisal 180 and 360 degree appraisal third party appraisal
What is the performance appraisal system in Wipro?
The performance appraisal system at Wipro uses three types of appraisal for their employees. It includes a confirmatory appraisal, an interim appraisal, and an annual performance appraisal.
Definition of Average Rate of Return?
Method of investment appraisal which determines return on investment by totaling the cash flows (over the years for which the money was invested) and dividing that amount by the number of years.
What is the difference between project evaluation and project appraisal with examples?
1.project appraisal is ex-ante anlysis.project evaluation is ex-post analysis. 2.proj appr. identifies and values the expected costs and benefits of a project whereas proj.eval. determines real costs and benefits of a project.
What is the effective appraisal date?
The effective appraisal date is the date that the appraisal was completed. The appraisal will tell you how much your home is worth.
What is appraisal service?
what is appraisal servives
What is technical appraisal?
technical appraisal
What is crop appraisal?
what is crop appraisal
What is Definition of appraisal interview?
what is the defination of appraisal
How do you find out the appraisal amount on a home?
If you paid for the appraisal, then you are entitled to a copy of it. Contact the appraiser or the person who ordered the appraisal and request your copy. If you weren't the person who paid for the appraisal, you will have to order and pay for a new or updated appraisal.
