- Mar 30, 2005
- Professional Status
- Certified General Appraiser
- New York
I use the either the AI form or narrative format, depending on the specifics of the assignment.
Actually most of our Divorce (Dissolution of Marriage) Appraisals are for both sides. If you work with the right Attorneys, you don't spend much time in court, if we do $150/hr which I know is low.Gee...that is a new format for me
The right answer is none. I don't do divorce. Hairshirt job, court for free (usually) and probably costs more people their license than any other type of appraisal. But if I did do one, it would be a simple 2 approach narrative report. Fair Market Value definition.
If you get to choose the attorney. Like estate work. Contested, didn't know that. Subpoenaed about 3 hours ago, with the check attached - $40. Great, so called my attorney and danged if she isn't on the other side of this conflict. - Sucks that the cheap bastids can't pay a professional fee for testimony.If you work with the right Attorneys, you don't spend much time in court
I would say 40% of the appraisals for divorces are joint (1 report for 2 Attorneys). There are A LOT of appraisers that favor one side or the other, we don't. We tell everyone we give a straight up value, and don't favor either party. We also don't work with every attorney; some are disorganized, everything is last minute and some work in a gray area. About 50% of the time judges will split it down the middle.my little experience has been that the judge meets everyone in the middle, no matter how brilliant you are.
DO NOT use the F/F 1004 UAD form (many threads about this) but because of the above quote (my bold), this often seems to get appraisers in troubleIf you are using Fannie forms however the intended use is for lending purposes.
We are currently using a non-lender 1004 for Attorney work. Besides a Narrative Report, I'm wondering what others are using.
Other Appraisers in our area are using similar forms, but they leave all the UAD comments section in. Others make theirs a Restrictive Appraisal Report.