Sentences with phrase «= market value of the house»

It is signed by a judge and is calculated as follows: deficiency judgment = market value of the house - amount owed

Not exact matches

My house is one of the smallest on Cape Coral - mORTGAGE REMAINING = 34,000 after 16 years - Bought for 63,000 in 2000 Market value is 85,000 yOU ASSUME EVERYONE HAS A lot of $ $ $ on hand - that is not the case here - I have had many health problems etc etc

* Condo 2009 fair market value of $ 225,000 — 2002 purchase price of $ 200,000 = $ 25,000 → you owe tax on this capital gain * $ 25,000 divided by 2 = $ 12,500 → the capital gain you will be taxed on * $ 12,500 x marginal tax rate (we assume 30 %) = $ 3,750 * Then you'd need to add in the tax owed on your house: The house fair market value in 2015 of $ 620,000 — appraisal value in 2010 of $ 550,000 = $ 70,000 → you owe tax on this capital gain (as your condo, not your house was your primary residence) * $ 70,000 divided by 2 = $ 35,000 x marginal tax rate of 30 % = $ 10,500 * The 2001 to 2009 appreciation of $ 300,000 would be sheltered as the house was your primary residence during those years.