Home Buying in 33810>Question Details

clsgonzaleza, Home Buyer in 33810

How does putting in a bid on a transfer value work?

Asked by clsgonzaleza, 33810 Mon Feb 18, 2013

Help the community by answering this question:

Answers

1
You cannot place a bid on "Transfer Value", what you are looking at is just a public announcement of a court transaction...not a sale ad.

If you are referring to listings here on Trulia it could mean several things:

A. You are looking at a public record. It just provides info on transactions that happened at court level but have nothing to do with the home being sold to the public. Like "Transfer Value".
B. You are looking at Estimate sites, they are only providing information for the purpose of giving you are prices and comparable properties.
C. Or Realty Trac strikes again:
Look at the posting for that home again and find the logo for Realty Trac (black and red). Most times when you see that logo on any listing it means the price you see is NOT a sale price, and the home is probably not for sale as of yet. It is just a posting of what the Bank/Lender had to pay the courts to document regaining custody of the home when they foreclosed on it (transfer value); and/or an announcement that the foreclosure process has just begun (Lis Pendens). Next that Bank/Lender will take several months to put the property on the market at "Market Value for the specific community" and it will be listed/advertised as a Foreclosure or an REO. Was this answer helpful? If so please click on the "thumbs up" above.

Tony Vega
La Rosa Realty
0 votes Thank Flag Link Mon Feb 18, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer