Baltimore City · Baltimore County · Maryland
Proof of Assets Appraisals for Maryland Real Estate
A proof of assets appraisal is a market value appraisal of real property you own, used to document that property's value when a third party requires evidence of assets, such as for a visa or immigration sponsorship, a private loan, a personal financial statement, a court filing, or estate planning. LendPort Appraisals, Inc. prepares these reports for residential property in Baltimore City, Baltimore County, and surrounding Maryland counties.
Assignment Facts
- Intended use
- Documentation of real property value as evidence of assets, for the specific use stated in the engagement letter.
- Intended users
- The client and any third parties named in the report, such as an attorney, accountant, consulate, or private lender.
- Value reported
- Market value, as defined in the report.
- Effective date
- Date of inspection, or another date specified by the requesting party.
- Not for
- Federally related mortgage lending. A lender making a mortgage loan orders its own appraisal.
- Typical turnaround
- 5 business days typical, measured from engagement, receipt of required documents, and property access. Not guaranteed; the delivery date is confirmed in writing before engagement.
- Geographic coverage
- Primary: Baltimore City and Baltimore County, Maryland. Also: Anne Arundel, Howard, Harford, Carroll, Cecil, Frederick, Montgomery, and Prince George's Counties. Outside these areas, call before ordering to confirm geographic competency.
- Appraiser
- Boris Maslow, Maryland Certified Residential Real Estate Appraiser, License #300 27565; FHA Roster Appraiser.
- USPAP
- Developed and communicated in compliance with the current edition of USPAP.
Prefer to Talk?
Call, text, or email. Inquiries are answered within one business day.
What Is Required
- Property address and owner(s) of record
- Name of the party requesting proof and any requirements they set (report format, effective date, appraiser credential)
- Intended use of the report
- Interior and exterior access for inspection
- Condominium or HOA documents, if applicable
The report states market value. It does not report loan balances or equity.
The report may be relied on only by the intended users named in it.
Frequently Asked Questions
What is required for a proof of assets appraisal?
The property address, the owner(s) of record, the name of the party requesting proof of assets and their requirements, the intended use, and access to the property for inspection. The requesting party's requirements determine the report format and effective date.
Is a proof of assets appraisal the same as a mortgage appraisal?
No. The intended use and intended users differ. A mortgage appraisal is ordered by a lender for a lending decision. A proof of assets appraisal is ordered by the owner or the owner's representative to document value for a non-lending purpose. Each report states its intended use and users and should not be relied on for other purposes.
Will the appraisal show my equity?
No. The report states the market value of the property. You, your accountant, or your attorney calculate equity using current mortgage and lien statements.
How long does a proof of assets appraisal take?
5 business days typical, measured from engagement, receipt of required documents, and property access. Not guaranteed; the delivery date is confirmed in writing before engagement.
USPAP Compliance
Reports are developed and communicated in compliance with the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP). The appraiser has no present or prospective interest in the subject property and no personal interest or bias with respect to the parties involved. Compensation is not contingent on the development or reporting of a predetermined value, a direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event. Each report states its intended use and intended users and is not intended for any other use or user.