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Valuation
A report giving a professional opinion of the value of the property. A valuation obtained for one lender is generally NOT suitable for another lender, as each valuation has an indemnity clause which protects the specific lender. However, valuers will normally re-address their valuation to a different lender within a certain time.

--Perry 22:25, 18 October 2007 (NZDT)

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