Updated almost 7 years ago on . Most recent reply
$0 Title Recorded? Why?
Interested in trying to understand this -- wondering if anyone can help:
Someone that I don't know personally is flipping houses. I like to use the towns assessors website to compare what they purchased the property for versus what they are trying to list it for, as I am personally interested in flipping houses/multifamilies.
I noticed that one of the houses the flipper had for sale -- sold -- but what's odd is that the original $$$ value recorded at the tax assessors office went from $80K to $0 prior to it becoming listed, What would cause the flipper to show a $0 value, when originally they had purchased the property for $80K. And, why would a flipper do this (and how)?
Looking for your thoughts...thanks in advance.
Most Popular Reply

It may have been sold for something other than cash. Some states allow you to sell to a family member for a consideration of "love" for instance.
- Russell Brazil
- [email protected]
- (301) 893-4635
- Podcast Guest on Show #192
