Old 11-04-2009, 08:47 AM   #1 (permalink)
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1099C--How is the Fair market value of your home determined?

I am going to let my house go, but am worried about what the lender deems as "fair market value"? How do they know 1000 miles away? Is it what the property sells for? What if it sells for $1, am I screwed?


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