All Topics / General Property / Written Vals

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of john_preacherjohn_preacher
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    @john_preacher
    Join Date: 2006
    Post Count: 17

    Just wondering if anyone know whether St George give out written valuations or not?

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
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    In a nutshell – No

    Richard Taylor
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    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
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    Sorry that was a sweeping answer.

    No unless you sign a letter of disclaimer which should be available at the local branch

    Richard Taylor
    Residential & Commercial Finance Broker
    **Lodoc Commercial loans from 7.19%**
    Licensed Financial Planner
    http://www.yourstatefinance.com
    [email protected]
    Ph: 07-3720 1888

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of brahmsbrahms
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    @brahms
    Join Date: 2004
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    just a polite question john_preacher, why do you need st g’s vals?

    cheers

    brahms
    Purveyor of Fine Finances
    aka Mortgage Broker Brisbane

    Profile photo of john_preacherjohn_preacher
    Member
    @john_preacher
    Join Date: 2006
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    Sorry for the delay. It’s not so much St George, it’s wondering which banks actually do. To me a written Val is a written gaurantee that the bank wont stuff you around when it’s time to re-invest into another IP.
    I was asking about ST George because someone told me that they do written VALs.

    Profile photo of TerrywTerryw
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    @terryw
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    Virtually no bank will give out vals. CBA used to even have a policy of not telling you what it come in at!

    However, ANZ allow the brokers to order and receive the vals.

    All lenders do written vals too.

    Terryw
    Discover Home Loans
    Parramatta
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    Profile photo of Investor1313Investor1313
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    @investor1313
    Join Date: 2003
    Post Count: 26

    A written valuation for mortgage purposes if requested by the bank, is undertaken for THE BANK only. There is prorbaly not much to gain by asking for a copy. In theory you would have to get the valuation firm’s written permission to recieve one.

    If you decide to refinance with a valuation that has another Bank’s name on it, the second bank would not be covered anyway. This would defeat the purpose of getting a valuation for mortgage security.

    I could talk till I’m blue in the face…[puke] Let me know if you want the ins and outs.

    Regards
    Investor1313

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