If you have a interfamily transfer and dissolution title on an owned home what does that mean?
Answer
It means that the current owner obtained title as a result of a transfer between family members and/or as the result of a dissolution of marriage. Such transfers are usually not arms'-length sales at prices reflecting true market value, and hence the documents used to record them may carry such a specification so no one will use them as representative of the market, nor will the property taxes be adjusted as a result of such a transfer and recording.
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