Divorce Support Forums: What appraisal is used?

I just went through this. We could not come to an agreement on the value of the house. An appraiser was suggested to me by my attorney. It cost me $150.00. All information was provided to the respondent. On the day of the court hearing (Nov,07) her attorney presented an appraised value of the house. The difference between the two appraisals was $110,000. The funny thing was, we (my attorney and I) were never given a copy of their appraisal. My attorney was only given about 1 minute to look at it in court. We requested a court directed appraisal and thats what happened. This appraisal cost $400.00 and the cost was split between the 2 parties. The appraised value came in $12,000.00 above my first appraisal and $98,000.00 under hers.
On the day of the last court hearing (Feb08) the judge made the second appraisal the binding price for the house. The equity to be split is now $12,000.
If you are looking for any money out of the house you need to get it appraised and a price settled before the market keeps falling.

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