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  #1  
Old 02-28-2011, 07:43 PM
avee8tor13 avee8tor13 is offline
 
Join Date: Dec 2008
Location: Northern VA
Posts: 141
Default Has anyone had their uncompleted RV appraised

All,

Was wondering if anyone has had to have their uncompleted RV appraised for the purpose of a divorce? Thoughts?

Thanks
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  #2  
Old 02-28-2011, 08:19 PM
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Mel Mel is offline
 
Join Date: Mar 2005
Location: Dallas area
Posts: 10,762
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Not for divorce. But I have appraised un-completed aircraft for insurance companies.

Most interesting was BD-5 damaged by a car that ran into the house. The guy was claiming a $30,000 loss. It was a basic airframe kit with no engine or drive train.

My appraisal was not quite what he was hoping for.
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Mel Asberry, DAR since the last century.
EAA Flight Advisor/Tech Counselor, Friend of the RV-1
Recipient of Tony Bingelis Award and Wright Brothers Master Pilot Award
USAF Vet, High School E-LSA Project Mentor.
RV-6 Flying since 1993 (sold)
<rvmel(at)icloud.com>
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  #3  
Old 03-01-2011, 05:17 AM
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pierre smith pierre smith is offline
 
Join Date: Jan 2005
Location: Louisville, Ga
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Quote:
Originally Posted by avee8tor13 View Post
All,

Was wondering if anyone has had to have their uncompleted RV appraised for the purpose of a divorce? Thoughts?

Thanks
Yes! Fortunately, she agreed that it wasn't "part" of our accumulated belongings

Best,
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Pierre Smith
RV-10, 510 TT
RV6A (Sojourner) 180 HP, Catto 3 Bl (502Hrs), gone...and already missed
Air Tractor AT 502B PT 6-15 Sold
Air Tractor 402 PT-6-20 Sold
EAA Flight Advisor/CFI/Tech Counselor
Louisville, Ga

It's never skill or craftsmanship that completes airplanes, it's the will to do so,
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Dues gladly paid!
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  #4  
Old 03-01-2011, 09:29 AM
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longranger longranger is offline
 
Join Date: Mar 2007
Location: 45G, Brighton, MI
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Quote:
Originally Posted by avee8tor13 View Post
All,

Was wondering if anyone has had to have their uncompleted RV appraised for the purpose of a divorce? Thoughts?

Thanks
I did. John Harmon came up and looked at my HRII project. He didn't give a dollar value, but said it was worth about 2/3 of whatever I had in the parts, zero for labor. It was only an empennage and wing kit so I got off fairly easy. FWIW, that was 10+ years ago.
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1955 Cessna 170B flying since 1982

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