It is necessary for the value of real property to be at least 50% greater than the amount of the mortgage secured debt, accompanied by a realistic assessment of authorized court subject-matter expert. The chattel should have the value at least 100% greater than the amount of the lien secured debt together with a realistic assessment of authorized court subject-matter expert. The said values are a minimum, while the Credit Board reserves the right to require a greater value of the mortgage/collateral.
