January 29, 2021 at 1:40 pm
Post count: 7
This is a topic that seems universally confusing. My brother finally identified from where the confusion originates. Non arms length just means related parties . A related party can be family or even landlord/ tenant.
Market value is based on exposure in the open market. REO is not a market transaction but it is arms length.
Where the confusion comes from is public records. They record REO as no arms length. And that systematic mistake is rife throughout much of the country.
