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Bedsit mortgage evaluation
I live in a bedsit, there are 10 such rooms in the building. Today I received a letter from the property management company informing me that tomorrow a valuation will be conducted for mortgage purposes. Judging by the envelopes, all residents got the same letter.
Does this suggest that the property is being put up for sale or is in the process of being sold? What other reasons are there for such an evaluation being made?
Thanks in advance.
Does this suggest that the property is being put up for sale or is in the process of being sold? What other reasons are there for such an evaluation being made?
Thanks in advance.
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