APPRAISALS
- Diminished/Loss of Value
- Actual or Stated Value
- Bank Loan Financing
- Pre-Purchase Inspections
- Divorces
- Estates
- Bankruptcy
- Expert Witness
- Bonded and Texas Certified Appraisals
Expert Witness
Our Senior Appraiser takes great pride in being a knowledgeable and experienced expert in all things automotive. He will always thoroughly research and prepare for your case when called upon to give Expert Witness testimony. He has served many law firms whose clients were involved with dissolution, probate, bankruptcy and diminution of value. Expert witness fees vary, but our standard rate is $200.00 per hour with a four minimum plus travel expenses.
Arbitration
Binding arbitration is the practice of settling vehicle value disputes with a neutral Judge, arbitrator, referee or umpire. Most vehicle and motorcycle insurance policies call for arbitration as the final step in the appraisal clause. If the two opposing parties cannot agree on a Fair Market Value of the subject vehicle thru negotiations, arbitration is normally advised. Arbitrations can be very time consuming and usually can take anywhere from 1-4 weeks depending on schedules.
LEGAL FEES
Arbitration: $500.00 (flat fee)
Deposition: $500.00 (flat fee)
Court Testimony: $200.00 per hour (min. 4 hours)
Research & Consultation Time: $125.00 per hour
Travel time: $120.00 per hour + *expenses
Full days travel : $700.00 per day + *expenses
Legal fees must be paid in advance, in the form of a retainer that will be replenished as necessary.
*Typical expenses might include coach air fare, gasoline, taxi or economy car rental, a moderate nightly hotel rate and a $50.00 per day allowance for food. A ‘Full days travel’ is defined as a day when travel time is so extensive that no other work can be completed during the normal 8 hour work period.