Transfer value refers to the book value of the asset in the Bank's books, i.e. the remaining balance of the loan.
It can be high if the previous owners that defaulted on the loan did not make many payments against the loan, but if they made lots of payments, then the transfer value will be low.
Market value is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value.
But, you usually cannot buy a property until the seller puts it on the market.
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