I have seen this term "transfer value" on a few information sheets that I have looked at on line. However, try as I might, I cannot find information (glossary of real estate terms for example) that tells me what this phrase actually means.
Any help? Thanks in advance!
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"Make it an AWESOME day! (Who else is going to do it for you?)" - Mike Spillman
"As long as there is breath there is hope!" - Mike Spillman
The transfer value is a term the bank uses when they take the property back.
It means nothing to you or me. Fair market value is all that matters.
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