What you need to know about your house and how to avoid costly mistakes during and after a divorce.
Divorce is rarely easy and often means several difficult decisions.
During a divorce, both spouses stand to lose a great deal and that typically includes the house you have lived in together. Splitting marital property often becomes the most complicated ordeal a separated couple will face, which is why it is imperative to understand your rights as well as your states' property division laws. Costly housing mistakes can be prevented during a divorce, but cannot be reversed, or corrected, after. These mistakes can (and often do) include diminished/damaged credit, defaulting on a mortgage or worse. Mistakes like these not only affect the finances and futures of both parties, but that of their families as well.
The good news is, these mistakes can be avoided.
Who you work with matters; Choose The Mowery Group.
Donald L. Mowery, II has been appointed by the Superior Court of California as a 730 expert witness. He is also certified through Vanderbilt University as a Real Estate Collaboration Specialist - Divorce (RCS-D). His background and experience for the last 10+ years in Family Law Litigation has aided him in dealing with conflict resolution for the most strenuous cases. He understands the sensitivity a divorce requires and provides a fair unbiased opinion that has been proven, time after time, to stand up in court and is trusted by highly reputable family law attorneys. In many cases nonetheless, his independent, supportable analysis has allowed clients to settle cases without going to court. Clients who have used our expert testimony services include government agencies, tax entities, financial institutions, legal and accounting firms and many other businesses. Past case examples as follows:
Services we specialize in:
• Rental Surveys
• Valuation of "stigmatized" property
• Valuation as of a date in the past
• Valuation for condemnation and eminent domain cases
• Effect on value of properties with history of flood
• Estate settlement
• Effect on value caused by insect infestation
• Valuation for divorce, partnership, taxation issues etc.
Finalizing a divorce involves many decisions, including "Who gets the house"? There are generally two options regarding the house- it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require a well-supported, professional appraisal that is defensible in court. When you order an appraisal from us, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal.
Attorneys and Accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on a real property. We understand their needs and are used to dealing with all parties involved. We provide appraisal reports that meet the requirements of the courts and various agencies.
As an attorney handling a divorce, your needs oftentimes include an appraisal to establish fair market value for the residential real estate involved. Often the divorce date differs from the date you order the appraisal. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of divorce. The ethics provision within the Uniform Standard of Professional Appraisal Practice (USPAP) we can consult and advise you about the relative strength of an appraisal presented by opposing parties. We can also perform additional research and analysis to support or discredit assumptions or conclusions.
With our experience and proven track record we are ready to take on any type of appraisal assignment and our appraisal values stand up under the most severe scrutiny.
RE/MAX New Horizons, The Mowery Group
Donald L. Mowery II
Broker/Owner & Certified Residential Appraiser #AR014657
Broker: 01898989 | BRE: 01193547 [email protected]
O: 909.981.6677 | C: 951.313.1746