The Accuracy Of Mortgage Valuation As A Lending Requirement For Selected Banks In Kaduna Metropolis

DEPARTMENT: ESTATE MANAGEMENT AND VALUATION CHAPTER ONE 1.0     INTRODUCTION Landed property constitutes often major portions of company assets acceptable as collateral securities for corporate lending. According to Babawale et al (2013), real estate valuations are vital for financial institution, particularly banks, for no less than two reasons. First, valuations are frequently required during the underwriting or renegotiating of mortgage loan advances, where valuations ought to give a reasonable evaluation (future) market estimation of the property that will serve as collateral for …