After Winston stopped making the loan payments on his office building, his lender foreclosed on the property. The loan was secured by the building when he purchased it three years ago for $$525,000.$ Winston received the following Form $1099-$A$.$

If the building is sold for the fair market value $($FMV$),$ how much of Winston's personal assets can the lender attempt to collect to satisfy the judgment? $($Answer choices are below the image.$)$

$$420,000$

$$380,000$

$$40,000$

$$0($None of Winston's personal assets$)$

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