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KT in CA · 02-27-2009, 12:07 PM

I'm curious whether anyone has gotten an appraisal on their home before it forecloses?

We are going to have to go the insolvency route with the IRS since we refinanced and are not protected under the MFDRA. We will have to include the FMV of the home in our insolvency calculation and I'm thinking this might be a good thing to have. Also to match with the 1099 from our lender to see what they put the FMV of the home at if it doesn't sell at auction.

Any feedback is appreciated.

Karen

02-27-2009, 12:07 PM	#1 (permalink)
KT in CA Senior Member Join Date: Dec 2008 Location: Vacaville, CA Posts: 520 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Appraial before foreclosure? I'm curious whether anyone has gotten an appraisal on their home before it forecloses? We are going to have to go the insolvency route with the IRS since we refinanced and are not protected under the MFDRA. We will have to include the FMV of the home in our insolvency calculation and I'm thinking this might be a good thing to have. Also to match with the 1099 from our lender to see what they put the FMV of the home at if it doesn't sell at auction. Any feedback is appreciated. Karen