May 10, 2022
Real Estate & Finance Law Practice Group Chair, Dean Roberts, was quoted in the Brick Underground article “For some divorcing couples, the family home is now worth too much,” regarding disagreements that arise when soon-to-be exes don’t agree on their home value.
In one case, each spouse hired their own appraiser, and the appraisals were substantially different. Dean’s solution was to hire a third appraiser chosen by the first two appraisers with the agreement that the third determination would be binding.
Dean noted, “We knew we were doing a good job because everyone was equally unhappy.”