Alexander Stephens is currently 32 years old and married to wife, Theresa, who is 30. They have twin two-year old sons, and do not plan to have more children. They live in Corona Del Mar, CA in a 2-bedroom condo that they purchased a few years back for $415,000, putting $40,000 down. They still owe $363,000 on the loan. They currently believe the market value to be $585,000.

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Market value is usually used to describe how much an asset or company is worth in a fin... View the full answer