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.