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Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.
Then, posing as the property owner, the scammer contacts a real estate agent to list the property. The property is then listed, typically below marketvalue to generate interest in the listing. When it comes to close on the sale of the property the scammer will request a remote notary signing.
MarketValue and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “marketvalue and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property.
It’s also the appraiser’s job to develop an opinion on a home’s fair marketvalue, and just because the buyer and seller have agreed on a price doesn’t mean that’s the true value of the property, said Francois Gregoire, broker, appraiser, instructor, and president of Gregoire & Gregoire Inc.,
The “owners” want to urgently sell the property – often below the true marketvalue – simply to move the sale along quickly and reap the financial reward. Greater measures are being taken to prevent the illegal sale of properties. mail and other means. No response equals no sale.
1031 ), which defines the conditions for tax deferral on the sale of real estate. In other words, taxes can be deferred on the profitable sale of a commercial property as long as the proceeds are “exchanged” into a new property of “like kind” that is held for investment purposes. Is it possible to do a 1031 Exchange into a REIT?
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