Cape Coral, FL · Member since 2008 · 469 posts · 32 votes
I'm taking preforeclosure leads from an online publication's public notice, checking them on the local CAD to make sure they're not under water and one I ran into says under the "last transaction" section:
"Sales disqualified as a result of examination of the deed:
Transfer to or from bankruptcy trustees, administrators, executors, guardians, personal representatives, or receivers"
which I'm not sure what that means, but usually it's accompanied by like a $100 price tag, or something really low as if just to have a number in there but this one in particular has a $207,800 one from back in 2011. So I'm just trying to figure out what this could mean and just understand this info better.
What is a bankruptcy transfer? Is that when they're trying to protect their property from seizure?
And what would this $200k price have to do with anything?
"sale disqualified...." is just Lee county's way of saying it's not an arms length open market transcation, therefore it's not used for market value determinations of the neighborhood....nothing more, nothing less. You're right in that commonly QCD's and CT's automatically go into this category.