Real estate practitioners are accustomed to helping their clients obtain the appropriate type of real estate appraisals for property purchases and financing. The appraised value can be even more critical if the owner defaults in the repayment of such financing and seeks to challenge a resulting foreclosure sale as a fraudulent conveyance in bankruptcy. This article briefly summarizes the basic types of appraisal and approaches federal courts have taken in valuing foreclosed properties in bankruptcy proceedings.
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