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 the difference betweeb assessed value and fair market value on property tax statements?

The assessed value of a home is used to levy property taxes. It is determined by averaging the data from neighborhood studies, sales transactions and inspections, according to the city of Milwaukee... Read More »

What is the difference between fair value and market value?

Fair value is the value of all assets and liabilities calculated to determine the true worth of a company. It is also called fair price if all assets were sold or liquidated. Market value is the pr... Read More »