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Question 32 of 50. Sarah's bank foreclosed on the office building she purchased four years ago for $450,000, when she stopped making loan payments on
Question 32 of 50. Sarah's bank foreclosed on the office building she purchased four years ago for $450,000, when she stopped making loan payments on the loan securing the building. Sarah's Form 1099-A indicated that the debt at the time of foreclosure was $420,000 and the FMV of the building was $460,000. If the building is sold for the FMV, how much of Sarah's personal assets can the bank attempt to collect to satisfy the judgement
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