I've run title for hundreds of large sections of land throughout the US. Deeds typically say "for the sum of One Dollar ($1.00) and other good and valuable consideration" or "for the sum of Ten Dollars ($10.00)...". It DOES NOT mean that was the purchase price. This is boiler plate language in nearly ever modern deed. The "other good and valuable consideration" is always just the remaining sum of money the party paid for the property.
I've run title for hundreds of large sections of land throughout the US. Deeds typically say "for the sum of One Dollar ($1.00) and other good and valuable consideration" or "for the sum of Ten Dollars ($10.00)...". It DOES NOT mean that was the purchase price. This is boiler plate language in nearly ever modern deed. The "other good and valuable consideration" is always just the remaining sum of money the party paid for the property.
Exactly.