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Medicaid/Immigration
Applying for Medicaid and Immigration Services can be a difficult and challenging process. Medicaid requires proof of assets. In the case of real estate, an appraisal report by a professional is required to substantiate the actual value of the real estate. Our team fully understands the requirements of this process, and our reports are accepted by medicaid.
Sponsoring a relative to become a permanent resident of the United States is a difficult process. The United States Citizenship and Immigration Services requires an Affidavit of Support that may require proof of assets. In the case of real estate, an appraisal by a professional is required to substantiate the value of the real estate in question. Our team meets the requirements and our reports are accepted by the Federal agencies involved.
Importance of Real Estate Appraisals for Medicaid and Immigration in New York:
⦁ For Medicaid eligibility, accurate appraisals ensure that the property is correctly valued and that applicants do not inadvertently exceed asset limits, which could disqualify them from receiving benefits.
⦁ When transferring property to family members or other parties, real estate appraisals help establish fair market value. This is crucial because Medicaid has a “look-back” period to ensure that assets were not transferred below market value to qualify for benefits.
⦁ Real estate appraisals also help protect the rights of the non-applicant spouse (community spouse) by accurately valuing the shared home.
⦁ Affidavit of Support: Immigrant sponsors can prove financial stability with a verified property appraisal
⦁Demonstrating Residency: Immigrants can prove long-term residency and stability with a real estate appraisal in New York.
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Our Appraisal Work Process
At Urban Appraisals, we deliver accurate, reliable, and professional appraisal services through a streamlined process. From the initial consultation to the final report, we focus on precision, transparency, and client satisfaction. Our certified appraisers thoroughly inspect your property, conduct in-depth market analysis, and provide a detailed, USPAP-compliant report accepted by New York Courts, the IRS, and other agencies. Whether for bankruptcy or real estate valuation, our efficient process ensures timely and professional results tailored to your specific needs. Trust us for quality and reliability every step of the way.
Consultation and Planning
We begin by understanding your unique needs, gathering details about your property, and explaining the appraisal process.
Detailed Property Inspection
Our certified appraisers conduct a thorough on-site inspection, assessing all relevant aspects of your property.
Market Research and Analysis
Using the latest market data, we compare similar properties to establish a fair and accurate valuation.
Comprehensive Reporting
We deliver a detailed, USPAP-compliant appraisal report accepted by New York Courts, the IRS, and other agencies.