Foreclosure in Atlanta>Question Details

Shalondia Ru…, Both Buyer and Seller in Atlanta, GA

If the transfer value is $35,000 can the property be purchased at that amount?

Asked by Shalondia Russell, Atlanta, GA Tue Jun 26, 2012

I am trying to find out what the transfer value means. It states that it's a foreclosure with a transfer value of $35,000. Will I pay $35,000 to purchase the property?

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Michael Cheng’s answer
The transfer value refers to the amount owed to the first lienholder of the property during foreclosure. It has no bearing on the actual market value of the property and certainly is no indication of price. You should check with a local real estate broker to find out if the property is coming up for sale and see what the price might be.
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2 votes Thank Flag Link Wed Jun 27, 2012
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