1 Dollar Sale Price?

Im looking under property assesment for a out of the ordinary condo IM considering buing at the town home page and its showing the condo was sold 10/24/05 for 194,900 to some relocation credit company and later 12/8/05 for 1 dollar to the existing owners. What does this mean. Any backing would be appreciated

Can a creation of house public sale be done contained by another town in need the buyer man physically here? (see details)?



Answers:   This means little or nought to you. The relocation credit company was a "straw buyer" or agent working for an unknown principal within the transaction and the identity of the principal were the existing owners.

I could not inform you the reason trailing this transaction but if I were a guessing entity, I would guess that it might have involved a corporate employer assisting within an employee verbs.

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