000			01396cab a2200277 4500
001			ABS50955
008			090401t1994 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u2949
041			_aeng
245			_aAxa Equity & Law Home Loans Ltd v Goldsack & Freeman
260			_c1994
350			_a0
490			_aEstates Gazette _v(1994) 23 EG 130-134(5)
520			_aQBD 18 February 1994. In September 1988 an employee of the defendant firm (G) valued a leasehold flat at £155,000 for mortgage purposes. On the basis of this, the plaintiff(AE) advanced sums of £108,500 to enable the purchasers to redeem an existing mortgage and carry out improvements. The flat was repossessed in 1991 and sold for £75,000. AE claimed damages from G alleging negligent over-valuation. The valuation had been reached by consultation with local estate agents. AE`s claim was dismissed; the valuation had been assessed correctly under GN22 of the Red Book and any devaluation of the property was due to the prevailing economic conditions.
650			_aABOUT RICS-RICS MEMBERS
650			_aFALLING MARKET
650			_aMORTGAGE VALUATIONS
650			_aNEGLIGENCE
650			_aOVER-VALUATION
650			_aRICS APPRAISAL AND VALUATION MANUAL
650			_aSURVEYORS
650			_aVALUERS
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942			_n0
948			_c04/03/1997
999			_c1776 _d1776