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Can some one tell me what it means when you see homes sold for a $1.00??


Are these all transfers from one family member to another????
thanks!!!
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March 20 2011 - Haverhill
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Generally, they are family transfers due to a death, a divorce, transfer to a child etc. Sometimes they are also a result of properties being transferred into a living property trust for estate planning purposes. They do not affect the Zestimate since they are excluded from the calculations.
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March 20 2011
Sunnyview answered it well.  Let me know if you need help in Haverhill.  I have been in the area over 25 years I know it well and love the little city. 
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March 20 2011
 
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Can some one tell me what it means when you see homes sold for a $1.00??
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March 20 2011 | 2 answers
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