Answers (3)
- Kathleen Judge, "Kjudge545"
- Contributions:30
Most likely a family situation. When families put a property in trust, transfer to another member or even as someone else mentioned divorce.
- Abby13
- Contributions:2
thank you so much for your feed back and this is the case my mother owns a very expensive house and when i just happened to go onto zillow it showed it was recently sold in may for $1. i have a sister and i know my sister is the executive, but i am wondering if she sold the house to my sister and it is in her name solely. i know i can go to the registry of deeds to find this out
if you have any feed back let me know
- frisky1
- Contributions:448
It could be a purchase within the family or a divorce or marriage situation--the husband and wife divorce and he keeps the house (maybe there would be no proceeds if they sold or it was in his family or she's getting everything else). or they get married and only he was originally on the deed so they add her. there always has to be some consideration for a deed transfer and in these cases its $1. monthly payment is based on the zestimate, taxes, and insurance for the house. zillow doesnt know the actual value of the house so that monthly payment number is as useful or useless as the zestimate.
If a house was recently sold for $1 but the same person lives there did a family member buy it?
when it says monthly payment is that accurate and correct?
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