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Guest

Hello.

You get the loan against the property. Thts's why the the bank is calling it mortgage. But what's the problem with that? You have already paid it off. So that should not be an issue here.

Guest

what are the things to look out for in a morgage valuation process

smithsussane · Posted: Sat Sep 27, 2008 12:09 am Post subject:

Hi prince!

Welcome to Forums!

Mortgage Valuation Process is a basic form of survey which is required by lenders in order to determine the appropriateness of the property as security for their loan. Though the borrower will get a copy of this report it should not be relied upon as a comprehensive report on the situation of the property. Borrowers should ask for a detailed report - Home Buyers Report or Structural Survey. Always remember that the surveyor is not acting on your behalf, he is working for the lender.

Feel free to ask if you have further queries.

Sussane

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

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gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

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