Property Valuation definition

Property Valuation means, in relation to any Property:

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

Examples of Property Valuation in a sentence

• 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.

• 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 – Decimal 550000.23 9(10).99 Always > 0 126 Original Property Valuation Type Specifies the method by which the property value (at the time of underwriting) was reported.

• It is the intent of the Members that the TWC Shortfall shall be paid to the TWC Member as a portion of the purchase price and in addition to amounts distributed to TWC Member pursuant to Section 5.1.2 based upon the Property Valuation.

More Definitions of Property Valuation

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

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 by Burdale on the basis of estimated restricted realisation value as defined in the then current Statements of Asset Valuation and Practice and Guidance Notes issued by the Royal Institution of Chartered Surveyors.

Property Valuation means, in relation to any Property the valuation thereof, in accordance with the Covered Bonds Framework and Articles 208 and 229 of the CRR (subject to the transitional regime set out under Article 495f of the CRR).”

Property Valuation means, in relation to any Property the amount determined as such Property’s market value (which means, in accordance with point (76) of article 4(1) of the CRR, the estimated amount for which the Property should exchange on the date of valuation between a willing buyer and a willing seller in an arm's-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion), in accordance with the most recent independent valuation of such Property, at the time or after the relevant Mortgage Credit was originated, in accordance with the Covered Bonds Framework and article 208 of the CRR, provided that, in accordance with the foregoing, the Issuer may use statistical methods to monitor the value of the Property and identify if it needs revaluation.

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 ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ Mae and ▇▇▇▇▇▇▇ Mac for selecting an independent appraiser.