An appraisal is a formal process that establishes the estimated fair market value of a condominium property. This is what your investment is objectively worth at that point in time. Appraisals are usually required by banks before they approve a mortgage. This is to make sure the loan amount isn’t beyond what the lender can expect to recoup if the buyer defaults on the mortgage. Sale isn’t the o...
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By in Residential

Typically for couples, the marital residence is the most expensive asset obtained during the marriage.  Whether you or your spouse wishes to retain the home after the divorce, it is important that a fair and accurate value is obtained for purposes of property division.  In this situation, an attorney will require an appraisal to settle divorce or estates for equitable distribution of property base...
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By in Legal Services