Feature

Real Estate Valuations in Foreclosure Sales and Bankruptcy Proceedings

By Giovanna Ho-Pelaez

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.

Individual with Clipboard

Individual with Clipboard

iStockphoto

Premium Content For:
  • Real Property, Trust and Estate Law Section
Join - Now