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After Issac stopped making his mortgage payments the lender foreclosures on his home and issued a firm 1099a to him. The outstanding balance on the

After Issac stopped making his mortgage payments the lender foreclosures on his home and issued a firm 1099a to him. The outstanding balance on the recourse loan was 80000 and the fair market value of the property on the date of foreclosure was 73000. What is Issac realized amount from the foreclosure? a. 7000 b. 73000 c. 80000 d. 153000

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