Whatever happened to ERP?

Article Abstract:

Estimated realization price (ERP) was defined in Mar 1994 as a way of valuing real estate in the UK. The term appears not to be comprehended by lenders, or they may not be using this measure. Real estate should be valued in a context of a wider market. Lenders were less concerned about values at the end of the 1980s but concern increased as real estate prices started to fall. Methods of repayment are also of importance to lenders and the performance of the market dutring the loan period may be a major issue.

Mortgage Bankers, Real Estate Credit, Analysis, Management, Mortgage banks

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Forced move

Article Abstract:

Members of the UK RICS handling insolvencies will be regulated from 1999. This will also apply to ISVA members working with chartered surveyors who opt for membership of the scheme. Regulation will initially be voluntary, although it is expected that the government will eventually introduce compulsory regulation of fixed-charged receivers. The main element of voluntary regulation will be a contract between the RICS and the surveying firm, with the firm guaranteeing to work to specific criteria and standards.

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Tweaking a well-run machine

Article Abstract:

Issues concerning the impact of the UK government's Insolvency White Paper on fixed-charge receiverships are discussed. There are apparently no plans to alter the ability of a fixed-charge holder to name a receiver. No court approval will be required for this.

Research, Bankruptcy

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