Property Valuation definition

Property Valuation means, in relation to any Property:

Property Valuation means the determination of the value of immovable property;

Property Valuation means the determination of the value of property in accordance with prescribed standards;

Examples of Property Valuation in a sentence

• Subject Property Numeric – Decimal 500000 9(10).99 If updated value was obtained subsequent to loan approval > 0 131 Most Recent Property Valuation Type If an additional property valuation was obtained after the valuation used for underwriting purposes, the method by which the property value was reported.

• Subject Property Numeric – Integer 6 9 If updated value was obtained subsequent to loan approval See Coding See Appendix F 132 Most Recent Property Valuation Date Specifies the date on which the updated property value was reported.

• Subject Property Numeric – Integer 8 99 Always See Coding See Appendix F 127 Original Property Valuation Date Specifies the date on which the original property value (at the time of underwriting) was reported.

• This report is intended solely for the information and use of the Property Valuation Administrator and the Finance and Administration Cabinet, Department of Revenue, and is not intended to be and should not be used by anyone other than these specified parties.

• List Productive or Nonproductive Mineral Land on CAB-M1 Form, Mineral Property Valuation Schedule.

More Definitions of Property Valuation

Property Valuation means the fair market value of a Property determined by a broker’s price opinion ordered by any Lender or the Collateral Agent; provided that, (x) in the circumstances described in Section 2.3, the Property Valuation of a Property shall be determined by appraisal and (y) in the circumstance described by Section 2.4(j) for any Portfolio Property that is under contract to be sold as of the date of the applicable Property Valuation Notice, the value of such Portfolio Property will be the sales price set forth in the sale contract.

Property Valuation. With respect to any Property, as of any date of determination, the most recent of the following (a) if the Property Value of such Property is less than $250,000 on such date of determination, a BPO or Property Value Opinion for such Property and (b) if the Property Value of such Property is $250,000 or more on such date of determination, a Property Value Opinion for such Property; provided however, that with respect to the initial Advance relating to any Property with a Property Value of $250,000 or more and thereto, the Property Valuation shall be a Property Value Opinion, regardless of whether there is a more recent BPO.

Property Valuation has the meaning ascribed thereto in Section 13.1.1.

Property Valuation means a valuation of the Mortgaged Property carried out by a valuer appointed or approved by the Agent on the basis of market value with a six month marketing period.

Property Valuation. As to any Mortgaged Property and time referred to herein, the appraised value of such Mortgaged Property based upon the most recent appraisal made by or on behalf of the Servicer or, if no such appraisal was made, the most recent evaluation of the value thereof made by the Servicer. PROVIDIAN: Providian National Bank, a national banking association.

Property Valuation. Each Mortgage File contains a written appraisal prepared by an appraiser licensed or certified by the applicable governmental body in which the mortgaged property is located and in accordance with the requirements of Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated. The appraisal was written, in form and substance, to (i) customary Xxxxxx Xxx or Xxxxxxx Mac standards for mortgage loans of the same type as such Mortgage Loans and (ii) the Uniform Standards of Professional Appraisal Practice, as amended (USPAP) standards, and satisfies applicable legal and regulatory requirements. The appraisal was made and signed prior to the final approval of the Mortgage Loan. The person performing any property valuation (including an appraiser) received no benefit from, and such person's compensation or flow of business from the originator was not affected by, the approval or disapproval of the Mortgage Loan. The selection of the person performing the property valuation was made independently of the broker (where applicable) and the originator's loan sales and loan production personnel. The selection of the appraiser met the criteria of Xxxxxx Mae and Xxxxxxx Mac for selecting an independent appraiser.

Property Valuation. With respect to any Mortgage Loan, the valuation of the Mortgaged Property in accordance with the Servicer’s property valuation policy obtained by the Servicer in connection with the origination of the Mortgage Loan..