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Why will a bank only consider deed in lieu if the fair market value of the property is BELOW the value of the debt?
Nice share
What is net fair market value?
The fair market value is the price of a property that may be sold and bought. It assumes both buyer and seller know everything about the property.
What is the property tax rate in British Columbia?
Property Transfer Tax RatesThe amount of tax due depends on the fair market value of the property that is transferred:If the fair market value is $200,000 or less, the tax is 1% of the fairmarketvalue.If the fair market value is greater than $200,000, the tax is 1% of the fairmarket value up to $200,000, plus 2% on the portion of the fair market value that is greater than $200,000.For example:if fair market value of property is $150,000tax payable is: 1% of $150,000 = $1,500if fair market value of property is $250,000 tax payable is: 1% of $200,000 = $2,000 plus 2% of $50,000 = $1,000 for total tax payable of $3,000
Can you sell property prior to a bankruptcy?
Yes, for fair market value.
A shareholder's basis in property received in a stock redemption is the property's fair market value?
true
What is the fair market value of a property in Manila Philippines?
Pasong Langka, Cavite
What is the name of a document that gives an estimate of a property's fair market value?
appraisal...
Can a property owner not an expert testify as to the value fair market value of her damaged property?
Normally an insurance company accesses your damamge.
The federal government can take your private property for a public use if they?
They must purchase the property or compensate the property owner.
How do you calculate equity in the property?
Equity is calculated by subtracting the amount still owed on the mortgage loans from the fair market value of the property.
A debt instrument with no ready market is exchanged for property whose fair market value is currently indeterminable When such a transaction takes place?
the directors of both entities involved in the transaction should negotiate a value to be assigned to the property.
What is home equity?
Home equity is the unlimited interest of one's property as listed on the market. It's the difference between the home's fair market value and the balance owed on the liens that are on the property.
