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Expert Witness Testimony: The Indispensable Role of Real Estate Appraisers in Legal Disputes

Boston Appraisal

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

Legal 148
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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

Eminent domain or the power of the government to take private property for a public use without the landowner’s consent is embedded in the Fifth Amendment to the U.S. Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding.

Appraisal 309
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Using Equity To Buy A Second Home

D Fritz Appraisals

It represents the difference between what they owe on their home and its current market value. However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. What Is Home Equity?

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Divorcing? What You Need to Know About Property Division After Divorce

D Fritz Appraisals

According to the Government of Canada , there’s a significant difference between separation and divorce. . Insurance policies. A separation agreement is a legal, written record of how a couple has settled their issues related to their separation. . More specifically, how and when can you divide property? Investments. Businesses.

Law 114
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12 Types of Expert Witness Assignments for Appraisers

McKissock

This could be for estate or probate cases, and often involves determining a retrospective market value if a taxpayer neglected to obtain an appraisal when property was inherited. The appraisal activity could also be to establish a value for a tax deduction or in response to an IRS audit. Insurance claims. Partitionment.

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How the title industry is addressing the negative effects of heirs’ property

Housing Wire

Given the numerous risks and challenges associated with heirs’ property and the higher incidence in low- to moderate-income communities, the American Land Title Association (ALTA) is committed to expanding awareness of heirs’ property and collaborating with industry and government partners to address this often-overlooked hurdle to wealth building.

Legal 432
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Say What? Home-Buying Lingo You Should Know

Zillow

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs.