In cases involving the issue of valuation of real property, the parties usually turn to an independent appraiser. Generally, this means that the appraiser is free from influence, guidance, or control of another or others. We know that the appraiser will be somewhat biased in favor of the party who retained the expert. But the Court will have some confidence that the appraiser will use good judgment and abide by a professional code. The independent expert is also presumed not to have any conflicts in the assignment. Mostly importantly, the… read more
June 1, 2021