On form 1099 A, the balance of principal outstanding is $440000 and the fair market value of the property is $395000. After Tyler 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 $550,000. Tyler received the following Form 1099-A. If the building is sold for the fair market value (FMV), how much of Tyler's personal assets can the lender attempt to collect to satisfy the judgment (answer choices are below the image)

$440,000

$395,000

$45,000

$0 (none of tylers personal assets)