Owning a property is often the single and most important investment a person or family will make in their lifetime. Therefore, when it comes to valuating your property, we take our job seriously. Reputation and integrity means everything in our industry, so as professionals our goal is to produce the most accurate, well-reasoned and strongly supported opinion of value each and every time.
We go above and beyond to provide top notch service and a high quality appraisal product. Cal Pacific Appraisal Company is based in Torrance, CA and was founded by Sony Colmenar in 1991. Sony originally got his start in the early 1980's working as a trainee for Pacific West Appraisal, an independent fee shop in Redondo Beach, CA.
We go above and beyond to provide top notch service and a high quality appraisal product. Cal Pacific Appraisal Company is based in Torrance, CA and was founded by Sony Colmenar in 1991. Sony originally got his start in the early 1980's working as a trainee for Pacific West Appraisal, an independent fee shop in Redondo Beach, CA.
Services
Cal Pacific Appraisal Company is leading real estate valuation firm based in southern California. We specialize in valuations of residential real estate including single family residences, condominiums, townhomes, PUDs, small income properties, (2-4 units), vacant land and new (proposed) construction.
In many cases, an accountant will request a "date of death" valuation in order to file the final tax return and to aid in the transfer of assets from the deceased to a relative. There are many situations where an appraisal is needed to reflect an opinion of value of a property some time in the past, usually as of a date of death, rather than when the appraisal is ordered.
When you file for bankruptcy, you must provide the court with a total financial snapshot of your current income, debt and other obligations. While establishing values for most of these things is relatively easy, determining the current value of your home can be challenging. A bankruptcy appraisal is the best way to prove to the court that your value, as written in your bankruptcy documents, is accurate.
Private Mortgage Insurance or PMI is the supplemental insurance that many lenders ask homebuyers to purchase when the amount being loaned is more than 80% of the value of the home. PMI is usually bundled into the monthly mortgage payment, and is sometimes forgotten. This is unfortunate because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below this 80% level.
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.
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