Look back with care retrospective residential mortgage valuations [electronic resource]
Language: English Series: RICS Residential Property Journal ; Jan-Feb 2010, 14-15(2)Publication details: 2010Subject(s): Online resources: Summary: For repossession purposes, retrospective valuations are intended to be only "an initial opinion of the retrospective (value) as part of the repossession valuation instruction" (Council of Mortgage Lenders (CML): Valuation advice in repossession case, September 2009) [see E148428]. Yet, recently, a lack of understanding of the nature of these valuations has resulted in claims being instituted by negligence lawyers on behalf of lender clients. RICS issued in November 2009 a "valuation alert" and CML published advice to lenders on the same subject.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 149287-2001 |
For repossession purposes, retrospective valuations are intended to be only "an initial opinion of the retrospective (value) as part of the repossession valuation instruction" (Council of Mortgage Lenders (CML): Valuation advice in repossession case, September 2009) [see E148428]. Yet, recently, a lack of understanding of the nature of these valuations has resulted in claims being instituted by negligence lawyers on behalf of lender clients. RICS issued in November 2009 a "valuation alert" and CML published advice to lenders on the same subject.