Priority of Documents for appraisal of credit that does not generate revenue.

Abstract

The transfer of Non Performing Asset (NPAs) is a process that requires a lot of investment sum. It is necessary for the Bangkok Asset Management Company (BAMC) to accrue the value of those such NPA before launching them into the property market. In regard to the valuation process, this requires a huge number of related documents, and the hierarchy and priority of documents are actually varied depend on the type. BAMC’s department, and price of the assets.
This study focuses on the importance of the document hierarchy for appraisal of assets that do not generate income. This also studies the issues of the relationship of the documents’ list towards the type and characteristics of property, whether, sub-divisional housing projects or condominium projects. This study also features the needs and details of the appropriate documents, and the priority of documents for appraisal of NPAs. The researcher emphasized on the valuation approach and the data in order to define the variables. The research design was a quantitative study, gaining data from the questionnaires survey, by this regard, 40 sets of questionnaires survey were distributed to BAMC’ valuation staff. The descriptive statistics were used to analyse the data (frequency, percentage, mean and standard deviation).The results showed that the contents of valuation’s documents for appraisal of NPA shall comprise 4 categories, these must be verified in their priorities in the light of primary documents and secondary documents. In the case of sub-divisional housing projects, 100 per cent of the respondents stated that the title deed is the most important document, whereas the details in the deeds may be varied in accordance with the type of housing projects.