FAQ'S
Frequent Questions
WHY DO I NEED A NOTE VALUATION OR APPRAISAL?
Short Answer -
Because the IRS or some other governmental or legislative authority tells you that you need one.
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Long Answer -
Following is a list of a few of the many reasons why you'd want to get a Note Valuation or Appraisal performed by a Qualified Independent Third Party:
- To value Notes during Estate Planning or Probate
- To determine current market value for IRA conversion or distribution
- Annual valuation of Notes in a "Self-Directed" IRA
- Annual valuation of Notes in a "Checkbook" IRA
- Annual valuation of Notes in a Roth or Traditional IRA; a Pension Plan; 401(k); and other Retirement Plans
The IRS generally requires that all IRA assets, including those that are not publicly traded, be valued using a fair market value standard (as opposed to liquidation or other value), and the fair market value of IRA and qualified plan assets must be reported on Form 5498 (IRA Contribution Information) and Form 5500 (Annual Return/Report of Employee Benefit Plan), as applicable. In addition, the IRS requires that this value be supported by audited financial statements, valuations by third-party experts, or contracts or agreements related to an investment, as applicable.
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HOW LONG DOES IT TAKE TO GET A NOTE APPRAISAL?
An accurate Note Appraisal takes time. We strive to have all Note Appraisals completed within 5 business days. However if you need the appraisal right away, and are willing to pay the rush fee, we put your request at the front of the line and do our best to complete your Note Appraisal within 24 hours.
HOW MUCH DOES A NOTE APPRAISAL COST?
The cost for a Note Appraisal varies based on the complexity of the Note (i.e. bankruptcy, lien position, date last paid, etc.).  At Orange Street Financial, Inc. a valuation or appraisal on a performing senior lien starts at $195 and an appraisal on a defaulted (not paying) lien starts at $395. However, these prices vary based on the type of Valuation or Appraisal needed and the complexity of the Note. Email Info@OrangeStreetFinancial.com to set up a quick 10 minute free consultation and we'll quote you an exact price for your Note Appraisal.