How much stock does one put into the FMV of a home found in the courthouse records? I am not discounting comps which is probably the main factor, but I am seeing foreclosed homes listed for example at $170,000 with FMV on records at $195,000 and higher. Lately, I will research and find another home in the area for sale, then look it up in the records to see if it is in line with the foreclosure. I have always heard the FMV represents a "quick sale" price if the county had to sell it for non payment of taxes, but not sure that is accurate. The questions really is when I find a foreclosure and see that according to the FMV of the courhouse records that propery is being sold for say $25,000 under FMV, should that grab my attention? I saw one today for $45,000 under FMV.