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 ...
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 ...
[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 ...
[DOC File]When a Public Agency Acquires Your Property
https://info.5y1.org/fair-market-value-of-home_1_de4b36.html
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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