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Like conventional assets such as real estate, stocks, and bonds, passion assets can also serve as collateral for loans, provided their value exceeds the debt plus interest. For example, appraisals for Fair Market Value or Marketable Cash Value guide lenders in structuring asset-backed collateral loans.
We tailor the appraisal to suit the intended usewhether its for insurance, estate settlement, resale, charitable donation, litigation, or collateral loans. It can be used confidently for legal purposes, insurance coverage, taxes, or selling with clarity. Market-Based Research Our value conclusions arent guesses.
Greg Morse ( Worthington National Bank ) Greg Morse of Worthington National Bank spoke to the group about banks that loan money using art collections as collateral. While most homeowners carry insurance on their homes that includes a small percentage of coverage for personal property, HNWIs may need to add Private Collections Insurance.
Instead, stolen paintings are often used as collateral for drug deals or used to raise fraudulent loans from banks. FINE ART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fine art every month.
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