*Q: What are non-disclosure states?*
While most information concerning property transactions is available
for public access, some states (or counties within states) consider the
property sale value to be private and confidential information.
However, they do provide property information and ownership transfers
with loan amounts and / or mortgage transfer taxes. In these states,
standard practice is to estimate the sale amount by applying a
calculation to the mortgage value for sales (not refinances). This
formula is based up on a careful study of millions of sales and the
ratio of the purchase price to the mortgage amount. The values that
result from this calculation are estimates. While on average they
differ only slightly from the actual sale amount, for any individual
property the calculated value may differ substantially from the actual
sale amount.
*Q: Which states are non-disclosure states?*
Non-disclosure states include: Alaska, Idaho, Kansas, Louisiana,
Mississippi, Missouri, Montana, New Mexico, North Dakota, Texas, Utah,
and Wyoming.
