Understanding Bank Valuations

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Market Valuation or Bank/Forced Sale Valuation? (Mortgage in Possession) What is the difference ? A bank valuation will nearly always be less than the market value. This is because they’re not the same thing. When you take out a home loan, banks use the home as security. For you, the security means that the bank may lend you more at a lower interest rate than without security … [Read more...]