Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on .

User Stats

469
Posts
32
Votes
Benjamin Cowles
  • Cape Coral, FL
32
Votes |
469
Posts

what does "sales disqualified" mean in local CAD?

Benjamin Cowles
  • Cape Coral, FL
Posted

So I'm picking out prospects from the local CAD based on my trips through the neighborhood looking for run-down, possibly vacant homes and just doing manual searches for properties with absentee owners with potentially higher equity based on last purchase date and comps. I'm in lee county btw. 

Often I find:

"Sales disqualified as a result of examination of the deed"

followed by either: 

"Disqualified (Doc Stamp .70 / SP less th $100 / Other Disq)"

or additional info indicating a transfer of deed where "no doc stamps were paid" usually with like a hundred dollars in place of the price, otherwise often I'll see a small price back around 20 years ago for under 20k, which I'll usually use for my records as the last sales price. 

So what is confusing is the often low price(not the often standard "$100.00", I figure is put in there as just a number required) despite it bearing the "sales disqualified" message. What does this indicate the situation probably is? Thanks