Posted on: 07th Feb, 2012 03:14 pm
We were foreclosed on in Dec. 2008. I live in Washington state. how does the 982 work, and will it work for me. We paid for a little over 3 years, and bought for 154000. It was sold in a foreclosure sale, and I'm don't know for how much. how can I get that info so i know how much they sold for. Also don't know about FMV. HELP.
Hi tmj,
Didn't you receive a 1099a form or 1099c form from the lender? After a foreclosure, normally the borrowers receive these forms where the FMV and the sale price of the property is mentioned. It also mentions whether or not you will be liable for paying the deficient balance. You should contact your lender and check out about this.
Didn't you receive a 1099a form or 1099c form from the lender? After a foreclosure, normally the borrowers receive these forms where the FMV and the sale price of the property is mentioned. It also mentions whether or not you will be liable for paying the deficient balance. You should contact your lender and check out about this.
Various factors can have an effect on the fair market value of real estate, including the uses to which the property has been adapted and the demand for similar property.
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