What is transfer value?

Answer

Transfer value refers to a property’s purchase price the last time it was sold. It’s a term often used in foreclosed properties or those in pre-foreclosure.

For foreclosed properties owned by the lender, transfer value includes the loan balance and fees incurred during the foreclosure. It does not mean a buyer will pay that amount for the property. It gives potential buyers information on how much an owner requires to break even on the house.

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