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after Casey stopped making the loan payments on her office building her lender foreclosed on the property. The loan was secured by the building when
after Casey stopped making the loan payments on her office building her lender foreclosed on the property. The loan was secured by the building when she purchased it 3 years ago. for $575,000. Casey received a 1099-A indicating that the debt at the time of the foreclosure was $ 530,000 and the fair market value of the building was $590,000. additionally, box A was checked. if the building is sold for the fair market value, how much of Casey's personal assets can the lender attempt to collect to satisfy the judgment?
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