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Updated over 9 years ago, 07/15/2015

Account Closed
  • Brunswick, MD
13
Votes |
36
Posts

Reading and Understanding Property Records

Account Closed
  • Brunswick, MD
Posted

I saw a vacant-looking house the other day while D4D and came home to look it up online. I'm still learning how to properly read and interpret the county property records, so excuse me if this is a silly question.

I found the home on Zillow and it says the home was foreclosed to the lender on 5/14/14. In the county property records, on the same date, it shows a non-arms length other transaction having taken place. Why would two different types of transactions show on the same date on different websites? Also, the property record now says that a bank owns the property, so I don't understand how the non-arms length transaction fits in there. I'm sure this is just lack of knowledge, so if anyone could help teach me something, I would greatly appreciate it!