About us

The Leja Group  has been providing appraisal services for commercial, rental properties and home appraisals in the Chicago area for over 11 years.

Now we have increased our appraisal services into Henderson and Las Vegas Nevada area

 Certified  –  Experienced  –  Trusted

Las Vegas:  702-742-4355  Chicago: 773-642-9781

  • We are well-equipped and experienced in various areas of appraisal services.
  • Our professionally staffed, full-service office can provide the client with personal assurance that the project or assignment is handled proficiently and expeditiously.

In an ever-changing real estate market, experience is key to providing all of our clients’ needs. The company’s President has 11 years of residential valuation experience and his associates possess 11+ years of experience.

Divorce appraisal services

Divorce appraisals

Divorce appraisals can be a somewhat touchy situation. Most divorces are hard, it’s nothing anybody wants to go through. So the separation of the house and finances makes it a rough time. When we go to the homes of people who are getting a divorce, we’re really sensitive. We know it’s none of our business,but sometimes they start telling us the stories about what led up to the divorce and why they are splitting up. When that happens, we like to be a comforting ear. Of course, we never initiate conversations of such a personal nature.

When we are performing a divorce appraisal, we’re not there to hurt anybody or to take sides. I just want to help you out quickly and get you through the process. Someone is always asking me to raise or lower the value so that the other person doesn’t get what the house is really worth.

We try to be sensitive to everyone’s feelings during this difficult time, but we ignore such requests. Showing the house is a significant step in the divorce process. For some, it’s when it finally hits them, that this is for-real. They are separating their assets, and that’s a big moment. It means; “It’s really over.” It can also be a hostile situation if the other spouse comes in while I’m doing my job.
we have to maintain my objectivity and integrity in a divorce appraisal. We try not to input the divorcing homeowners’ comments into the valuation. We completely focus on what kind of house it is and work to establish an accurate valuation for the property.
Our initial contact usually comes from one side of the divorce, either the homeowner or their attorney. Usually, the homeowner wants to get this service done quickly and quietly, while the other party is not around. Or, the other person has moved out and this is the final stage of the settlement. In either case, we are discreet and sensitive to their needs.
Once the appraisal is completed and payment is received, we  submit the appraisal to the attorneys. Therefore, it is helpful if both legal-counsels are advised of this service prior to my site visit.

Bankruptcy Appraisals

The process of a bankruptcy requires the debtor to create an expense report illustrating the net worth of their assets. In order to get a true reading of the value of their property, an appraisal is necessary. It is the responsibility of the homeowner to get the appraisal.  The bankruptcy process has several deadlines. Missing one deadline may postpone the court date and delay resolution. It is important to order a bankruptcy appraisal as soon as possible. We will work with your schedule to complete the report well before any deadlines. A simple call to us will keep the process on schedule and complete the requirements necessary for resolution.
 

Foreclosure Appraisals

The foreclosure process is a long and complicated one. When a property is in foreclosure and mortgage payments hit the 90- to 120-day late mark, a lender typically requires a foreclosure appraisal. A foreclosure appraisal gives the lender the current value of the property.
This information could also be useful to the homeowner when in negotiations with the lender during the foreclosure process. Homeowners, banks and lenders need to know the difference between “fair market value” and “quick disposition value” in order to determine the potential equity or charge-off liability of the property. I can provide phased appraisal views of fair market value. In other words, the appraisal can show what the house is worth if properly marketed compared to As-Is, As-Repaired and/or Short Sale conditions.
Foreclosures are rapidly increasing, leaving banks and lenders with more and more REOs (Real Estate Owned — A property becomes an REO when the bank or lender has completed the foreclosure process and the property is completely owned by the bank or lender). Banks and lenders must then sell the foreclosed properties.
 

“Real Estate Owned” or REO

The aftermath of the huge real estate boom that ended in mid-2006 has caused many changes in the real estate market. For example, if an REO home for sale has been on the market over 90 days, then an updated foreclosure appraisal from an independent appraiser is required to determine a sale price. The updated foreclosure appraisal is required to show market conditions that may have changed since the original foreclosure appraisal.
Owners of property in foreclosure present special challenges. The events that may have lead to the foreclosure (i.e., an unaffordable adjustment of the loan payment, the loss of a job, divorce, death, bankruptcy, medical issues, etc.) can put the homeowner on the defensive. Homeowners may be unwilling to allow an inspection of the property. If the property has been abandoned, care of the home may have been neglected for some time. In some cases, the home may have been intentionally damaged. We have the experience and the sensitivity to deal with the special dynamics of a foreclosure appraisal.
When an REO is on the market, the bank can lower the sale price, which can lead to a false impression of home values in that area. Many homeowners, and buyers too, go to websites that employ automated value modeling. You want to know the value of a property, and so you type in an address, and it gives you back a number. Frequently, that number includes transations outside of the normal marketed seller-buyer dynamic. They usually include bank-to-bank transfers and heavily-discounted REOs, and these will distort home values in a neighborhood.
In either case, whether you need a bankruptcy appraisal or a foreclosure appraisal, I can give you a quality, well-researched valuation of the property. Our contact information appears at the bottom of this page.

Please note that our company does not perform  comp searches or look-ups, which would make an assignment contingent upon a predetermined value. Uniform Standards of Professional Appraisal Practice do not allow for these types of assignments.

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    Leja Group Branches

    Chicago Office
    7737 N Eastlake Ter
    Chicago, IL 60626
    773-642-9781
    Las Vegas Office
    7229 Falling Timber Ct
    Las Vegas Nv 89113
    702-742-4355

    Property Appraisal in Las Vegas, Chicago, Real Estate Appraisal Company, Commercial and Residential Appraisal in Chicago and Las Vegas

    IL - Certification #556.003956, NV - Certification #A.0206518-CR


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    Testimonials

    He is knowledgeable and informative.  His price is very reasonable in comparison to other quotes.  He answered all my questions that I had concerning appraisal matters.  I highly recommend him.
    Angie's List User