As to your question sometimes if you are looking on web-sites like Zillow it can sometimes appear as a closed sale when it actually was a bank that had taken back the property for that said amount.. (i.e. someone has a mortgage that they stop paying on for $150K (maybe it's a 2nd) if the home is taken back by the bank, the owed amount sometimes shows up as a closed sale amount).
It's also possible you are looking at the land value wthout the dwelling value. If you have a direct address I could pull it up on title.
There have been no sales on Coal Mountain for that amount. In the last 3 months there were 3 closed escrows and all three above $300,000.
You cannot close an escrow without clear title. Were you referring to a forclosure sale?
Be happy to assist you.
As Lynn stated, terms of sale are between buyer and seller, and you would still want a clear title even if you purchased via all cash. Was this land in Valencia or a home? Does not appear to be in the MLS at that price, so this could have been between a buyer and seller. If you have an address you can look up the public records via the parcel view as to the date of sale and amount of purchase price. Of course the County Assessor is not very quick to post these items, so if it was recent it may not be there. May I ask, are you interested in purchasing a property in the area or do you live there? Call or email me anytime.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors