If I Lost My Home to Foreclosure, Will I Owe Taxes on the Fair Market Value?

Answer Mortgage lenders vary, and after foreclosing on your house, they may not seek the outstanding balance on the loan. However, dodging a deficiency judgment from your home lender doesn't mean you're o... Read More »

Top Q&A For: If I Lost My Home to Foreclosure, Will I Owe Ta...

How to Find the Fair Market Value of Donations for Taxes?

Many charitable donations comes at the end of the tax year, as donations can be tax deductable. The items being donated may actually have more sentimental than actual value. The IRS, however, allow... Read More »

How to Calculate Fair Market Value on a Home?

If you are preparing to sell your home, a crucial decision you will have to make is determining your selling price. According to HGTV's Front Door, calculating the fair market value of your home is... Read More »

What is fair market value in the stock market?

Fair market value in the stock market is the price that an interested buyer would be willing to spend and an interested seller would be willing to accept on the open market, according to InvestorWo... Read More »

How many homes are lost to foreclosure?

In 2008, more than 3.1 million homeowners, or one in 54 households, received a foreclosure notice. 861,664 homes were lost to foreclosure in 2008. This represents a 225% increase over 2006 and a re... Read More »