Fair market value of home

    • [DOC File]Consumer Financial Protection Bureau

      https://info.5y1.org/fair-market-value-of-home_1_edf17f.html

      Fair market value is sometimes defined as that amount of money which would probably be paid for a property in a sale between a willing seller, who does not have to sell, and a willing buyer, who does not have to buy. In some areas a different term or definition may be used. The fair market value of a property is generally considered to be "just compensation." Fair market value does not take ...

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    • Fair Market Value in Real Estate for Tax Purposes

      The term "fair market value" generally means the price at which a seller will freely sell and a buyer will freely buy. A more technical definition -- and one with general application -- can be found in the state laws of Louisiana. The state's legal code explains that, "Fair Market Value is the price for property which would be agreed upon between a willing and informed buyer and a willing and ...

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    • [DOC File]What Is Fair Market Value - 9/15/2003

      https://info.5y1.org/fair-market-value-of-home_1_cb2e59.html

      equity The diļ¬€erence between the fair market value of the home and the outstanding balance on your mortgage plus any outstanding home equity loans. index The economic indicator used to calculate interest-rate adjustments for adjustable-rate mortgages or other adjustable-rate loans. The index rate can increase or decrease at any time. See also Selected index rates for ARMs over an 11-year ...

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    • [DOC File]When a Public Agency Acquires Your Property

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      Fair Market Value may be received by the individual in the form of services (other than those qualifying as a basic necessity) provided by a relative, but only if: I. the transfer takes place at the time the service is rendered; II. the services are performed subject to a written agreement that has been executed prior to the delivery of services, specifying the type, frequency and duration of ...

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