A written valuation for mortgage purposes if requested by the bank, is undertaken for THE BANK only. There is prorbaly not much to gain by asking for a copy. In theory you would have to get the valuation firm’s written permission to recieve one.

If you decide to refinance with a valuation that has another Bank’s name on it, the second bank would not be covered anyway. This would defeat the purpose of getting a valuation for mortgage security.

I could talk till I’m blue in the face…[puke] Let me know if you want the ins and outs.

Regards
Investor1313

Hi All…

As everyone can see an “unmotivated” partner is not uncommon. There are probably many ways and schemes to get your partner to jump on the investment band wagon with you. But are these ways and schemes short lived??? In many cases I would think so, and if so, consequences could be costly!

I have banged my head on the wall numerous times over the years. We have owned and still do, several investment properties over this time, and we have built decent equity/ net worth. When trying to find out why we can’t buy another propety and so on, I found out my wife has a fear of debt!! Any thoughts to overcome this would be greatly appreciated![grrr]

My suggestions:
1. Common long term / life goals. Paint the picture that you are both on the same page, working towards the same things, and you are proposing to use property (or shares) to help achieve these goals. e.g. The equity when we re-finance or sell this property in 10 years time, will pay for the private school fees for both kids…

2. Float the idea, and then let the partner find the property, or fine tune the deal; to contribute in a major way. Then the partner will own the idea, and it will be easier to proceed.

3. One from left field. Especially if your partner is female, Make sure her “love tank” is full. Those that have read the book will know what I’m talking about.[inlove]

Good luck to Dazzling and all others on this thread!![thumbsupanim]

Regards
Investor1313