Valuation Services. The term “Valuation Services” means those Services described in Section 4.7 of the SOW.
Valuation Services. Altisource will act on behalf of Residential to manage the services described below, some of which are described more particularly on the Valuation SOW, including, but not limited to:
(a) For unoccupied REO Properties, order thirty (30) day quick sale distressed CMAs upon the property being secured, and every ninety (90) days thereafter until the unoccupied REO Property is sold;
(b) Order Exterior BPOs for all occupied REO Properties; and
(c) Order additional Valuation Services as may be necessary from time to time to support the needs of Residential, either as may be specifically requested by Residential or as determined by Altisource.
Valuation Services. Opinions provided by the Company's appraisers represent fair market value and replacement value (comparable). Fair market value is defined as the price at which the property would change hands within its most common market between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of all relevant facts. Replacement Value (comparable) means the worth of an item based on the amount of money necessary to obtain a comparable substitute property that would provide the same enjoyment, usefulness and other rights of ownership as did the subject property. Replacement value (comparable) is based on the substitute property's replacement cost (comparable) which is defined as the amount of money necessary to replace the item being appraised with a comparable item of property of like kind, age, quality, and utility having similar wear and tear, obsolescence, and value-relevant characteristics as the item being appraised. Replacement cost (comparable) is useful, for instance, when estimating replacement value (comparable) for acquiring insurance coverage of items not capable of being replaced with a brand new property such as antiques, collectibles, or works of art by a deceased artist. Replacement value appraisals make use of the retail market in which the client most customarily and conveniently shops, and in which he or she can obtain a replacement property within a reasonable amount of time. Values given by the appraisers do not take into account expenses that might be incurred in selling or purchasing a comparable property such as sales commissions, taxes, delivery, installation, shipping, finders fees, photography or insurance costs. Value conclusions are based on the appraiser's best judgment and opinion. Neither the Company nor the appraisers represent or warrant that items appraised will realize the appraised value if offered for sale at auction or otherwise. The values expressed are based only on information made available to the appraiser as of the date the appraisal was made. Value conclusions are based only on client-provided written descriptions and digital images of the property and not on a personal inspection of the property by the appraiser. Therefore, the value conclusions contained in the appraisal may be less reliable than had the item been personally inspected by a qualified appraiser. To help ensure credibility of the appraiser's value conclusions, Client is responsible f...
Valuation Services. Altisource will provide Valuation Services in connection with Retail Properties pursuant to the Valuation Services SOW only as requested by Residential. Altisource will request that each Referral Listing Agent (as defined below) provide a comparative market analysis or broker price opinion as a basis for Residential’s determination of a list price for such Retail Property.
Valuation Services. Legal services;
Valuation Services. 1. Whenever the CONSULTANT provides valuation services for waiver valuations as set forth in this Section A (Valuation Services), it shall be currently prequalified by INDOT’s Prequalification Division in Work Type 12.3 (Value Analysis) referenced in INDOT’s Consultant Prequalification Manual.
2. The CONSULTANT will provide valuation services for waiver valuations (“Valuation Reports”) in accordance with INDOT’s Real Estate Division Manual (the “RED Manual”) on real estate parcels as assigned by INDOT. After each Valuation Report is completed and all documents contemplated in Section A.3 have been provided by the CONSULTANT, the Valuation Report shall undergo an approval process by an INDOT staff reviewer that is informally described as a “Desk Review”. The CONSULTANT will undertake all correspondence, complete all forms, and retain copies of all documentation that is needed to demonstrate that the valuation process was completed in accordance with the RED Manual, state law, and federal law.
3. After completion of the Valuation Reports, to obtain INDOT’s approval of the Valuation Reports and the just compensation to be paid to property owner(s), the CONSULTANT shall provide to INDOT on regular paper signed copies of: the Valuation Reports; the “Statement of the Basis for Just Compensation” in the form prescribed by INDOT; and any other documents requested relating to the valuation process (together, the “Valuation Documents”). In addition, an electronic copy of the signed Valuation Documents shall be provided in portable document format (PDF). If the PDFs are too large to email to INDOT, the CONSULTANT shall at its own cost provide the PDFs through a secure file sharing service.
4. Valuation Reports shall conform to statutory and judicial determinations regarding non-compensable items, as set forth and discussed in the "Appraising Procedures" section of the RED Manual or conferences between the parties. INDOT may reject any Valuation Report that fails to comply with the RED Manual, state law, or federal law. Requested revisions to Valuation Documents will be completed in a timely manner. The CONSULTANT shall treat all Valuation Documents as confidential, except where exceptions apply as detailed in the RED Manual, and the CONSULTANT will ensure that light green paper is used for any copies of Valuation Reports provided to a property owner.
5. The CONSULTANT shall be responsible for prompt input of all required parcel data and related project information in...
Valuation Services. Exh. 12-1
i. Authorization of Repairs and Improvements; and
j. Property and Casualty Insurance Services.
4. RENOVATION SERVICES
a. Provision of Renovation Services;
b. Initial Property Screening Assessment;
c. Renovation Estimate Assessment;
d. Property Onboarding Assessment;
e. Scope of Work;
f. Final Scope of Work;
g. Management of Change Orders; and
h. Inspection for Turnover to Leasing.
5. PROPERTY PRESERVATION AND INSPECTION SERVICES a. Provision of Property Preservation and Inspection Services; b. Communications to Owner of Property Conditions, Preservation Activities and Repairs at Properties;
Valuation Services. Includes (i) Derivative Solutions analytic, cash flow security information, pricing, and current ratings (Xxxxx’x and S&P), and (ii) all necessary information for SVO filings and ratings. Administrative Services - Trade processing, corporate actions processing and other required security information whether internal or external to CAMRA. Other services – including, but not limited to, requests for information from Internal and External Auditors as well as outside Regulators (ie. SVO, NAIC, ACLI, Federal Reserve) Confirmation and Settlement Services- Includes obtaining trade confirmations, either by mail or through automated interfaces, trade comparison function between broker’s confirmations and company records, reconciliation of trade discrepancies and correction activity. Custody Services- Includes processing corporate actions (e.g., tender offers, stock dividends and splits, redemptions and other securities related transactions), reconciliation of asset reports from custodial agents with company records, identification and correction of out-of-balance conditions including items in suspense and providing custody reports.
Valuation Services. (1) full narrative internal valuation of each REO Property once a year, and quarterly reviews of current market conditions, by Sun Life’s Real Estate Valuation Department headed by an MAI appraiser, on a quarterly basis;
(2) valuation of each REO Property by an external appraisal provider hired by the Servicer, such valuation to occur within three years from the date of the last external valuation; and
(3) in the case of each REO Property that becomes subject to this Agreement after the execution hereof, upon the Servicer commencing servicing of such REO Property, valuation of such REO Property by an external appraisal provider hired by the Servicer.
Valuation Services full narrative internal valuation of each REO Property once a year, and quarterly reviews of current market conditions, by Sun Life’s Real Estate Valuation Department headed by an MAI appraiser, on a quarterly basis;
