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Topic starter
23/07/2012 4:10 pm
I had a valuation carried out which resulted in a range, not a specific figure. I asked if the valuer could state a figure but was told they won't on a ninety day valuation/asset valuation / forced sale valuation. The range is ?é£5000, how is this likely to be viewed by the IP for sequestration purposes, the higher figure, lower figure or mid figure when determining equity ?
23/07/2012 4:22 pm
Hi RBSB
Good question. I think your Trustee will need to clarify a figure. It's a bad day when the valuer can't value, especially when its probably the most important aspect.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
23/07/2012 8:08 pm
That is very strange, and first time I have heard of a surveyor not giving a specific valuation. I agree with Mark that you should check with you IP.
Shona is not currently posting in the Trust-Deed.co.uk forum.
24/07/2012 4:11 pm
I would agree with Mark and Shona. We are always able to get an exact figure when requesting valuations even on a 90 day forced sale valuation.
Was it a reputable firm that you used for the valuation? Ask the IP that you are speaking with what their stance is on the valuation you have.
Chris is not currently posting in the Trust-Deed.co.uk forum.
