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House valuations for OR

cbrman599
cbrman599 Posts: 24 Forumite
in Bankruptcy & living with it
Hi

When the OR asks for house valuations for equity purposes, do you just send him/her the valuations you have received on paper from estate agents etc or does he contact estate agents etc himself??

Comments

  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    you send him the lowest of the three valuations...they'll contact you if they aint happy with what you provide
    We all die. The goal isn't to live forever, the goal is to create something that will
  • money_fool
    money_fool Posts: 36 Forumite
    and I would advise on keeping a copy - the OR lost mine!
  • cbrman599
    cbrman599 Posts: 24 Forumite
    what happens if all valuations vary by large amounts?

    i have had 2 estate agents so far, 1 @ 199k & the other @209k!

    i have another estate agent in the morning and a surveyor straight after.
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    The receiver will always take the lowest one no matter what...
    We all die. The goal isn't to live forever, the goal is to create something that will
  • cbrman599
    cbrman599 Posts: 24 Forumite
    Had a surveyor valuation - looks like he's 10% lower than the estate agents , so we are pretty close to negative equity here!
  • money_fool
    money_fool Posts: 36 Forumite
    Just the papeerword and the dreaded SOA to do now Cbrman599!
  • hopefulfooluk
    hopefulfooluk Posts: 2,441 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I just sent my OR one valuation (the lowest one) and that was fine.
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