Real Estate Services
The firm focuses on:
- Expert Witness Services
- Inherited Property Sales
- Short Sales
Expert Witness Testimony
Real Estate Ownership and/or Valuation is often disputed between property owners. When the dispute is not resolved further legal action can be taken.
Real Estate Expert witnesses is an individual that has advanced knowledge in Real Estate techniques and methodology to assist the trier of fact in reaching a verdict. An individual can be qualified as an expert witness by knowledge, skill, experience, education or training.
Our Expert Witness services include:
- Appraisal Report (written or oral)
- Broker Price Opinion
- Broker Opinion of Value
- Litigation Support
- Testimony (Deposition and/or Court)
Most common Court cases that use Real Estate Expert Witness services include:
- Ad Valorem Assessment Appeals
- Divorce (Marital Dissolution)
- Eminent Domain
- Inverse Condemnation
- Easements and Title Issues
- Partition actions
- Partnership dissolution
Inherited Property Sales
A significant portion of wealth in the U.S.A. is held in Real Estate and is part of an estate when a family member dies. This family member can be an older relative (i.e. great grandparent, grandparent, parent, aunt, uncle, spouse, partner, older sibling, etc.)
When someone inherits a property, they are experiencing the grief of a loss of a loved one and at the same time they have to manage the estate, which involves making financial decisions.
As well as handling their own personal day to day responsibilities, those who inherit property have to deal with grief of the loss and handling estate matters Items such as cash, stocks, bonds and life insurance policies can easily be converted into Cash. Real Estate cannot easily convert to Cash.
Examples of Inherited Real Estate are
- Family Home
- 2nd or Vacation Home
- Investment Property
- Property used to operate the Family Business
- Passive Investment Portfolio
Here are some of the common challenges associated with Inherited Property transactions:
- Liens (Federal, State, Local)
- Deferred Maintenance and Upkeep
- Occupancy (Family members and Holdover tenants)
- Holdover Tenants
- Out of State Beneficiaries
- Value Disputes
- Disputes between Co-Heirs
- Establishing a Value for the Estate
Short Sales (Pre-Foreclosure) Consulting
Financial challenges can happen for numerous reasons. When a property owner cannot make mortgage payments, they may still be able to keep the property.
If there are no other options, a short sale is a possible option. We discuss the pros and cons of a short sale from the Real Estate Agent’s perspective. Short Sale is not a quick fix. Short Sales all require a 3rd party approval and can take months to get an approval.
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Brooklyn, NY 11233