Typically on a foreclosure sale, the amount recorded when the plaintiff gets the title to the property and there are no other bidders, the sale is recorded at $100. If there is a transfer / sale amount for a foreclosure in excess of that amount, it generally indicates that someone other than the plaintiff was bidding at the foreclosure sale. For an amount this small, it was probably a timeshare or home owners' association foreclosure action. The transfer amount recorded is NOT an indication of market value nor is it necessarily representative of what the current title holder will accept to transfer the title to you. That said, it could be close depending on multiple variables. If you have details on the property address in question, reach out and I can look into the matter.
Eric Johnson, Pres.
Expanse Financial, Inc.
The transfer value is what the foreclosing lender had to pay to obtain ownership of the property. It does not reflect the true market value of a property nor does it mean that the property is currently for sale.
If you can give me the address of the property about which you're asking I can let you know if it is for sale and for what price.
Karen Nicolls, Realtor
Atchley International Realty