Mortgage Loan Values; A Few Comments on Various Matters Pertaining to Real Estate Mortgages

Mortgage Loan Values; A Few Comments on Various Matters Pertaining to Real Estate Mortgages

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...a mortgagee's interests. It is customary for the loan value of the Real Estate to be determined in advance of the title investigation, the main reasons being that findings as to loan values are apt to be based upon a greater variety of facts than are findings as to title values and that any faults relation to the principal questions under consideration. His information does not necessarily need to be so complete as to qualify him as an expert in each and every minor matter, but it should be sufficient in these minor matters to enable him to avoid any serious mistakes in the main matters of which they are parts, For example, he may not have a working knowledge of any of the building trades, but in examining a city building of which any one can see the size, material, style, and equipment, the competent inspector will also see those little things which, although each is a comparatively small part of the whole, tell the true story of the general character of the construction, and especially of those parts which are hidden. His trained eye will not only observe the completed building but will also take note of its window glass, its hardware, its painting, its plumbing, its floors, its finish, its foundation, and its roof, and perhaps many other things which will indicate its relative cost and character, and, knowing something about each of these things, he will not be open to any considerable deception as to the cost of the whole and will be able to serve the mortgagee as well as if he possessed the skill of an expert builder. Neither is it necessary that the farm inspector should be a soil expert. In surveys which cover less than one-fifth of the total agricultural area of the United States there have been found to be more than seven more

Product details

  • Paperback | 52 pages
  • 189 x 246 x 3mm | 109g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236634888
  • 9781236634887