accounting

Test - Tax Analyst Certification Test (2020) Advanced Repossessions and Foreclosures Question 27 of 75. Jason's bank foreclosed on his office building when he stopped making loan payments. The loan was secured by the building when he purchased it three years ago for $650,000. Jason's Form 1099-A indicated that the debt at the time of foreclosure was $620.000 and the fair market value ( FV) of the building was $650,000. Additionally, box 5 was checked. If the building is sold for the FMV, how much of Jason's personal assets can the bank attempt to collect to satisfy the judgment? $40.000 $30.000 $10.000 50 Mark for folow up Question 28 of 75. The source of law governing foreclosures is the Test - Tax Analyst Certification Test (2020) Advanced Repossessions and Foreclosures Question 27 of 75. Jason's bank foreclosed on his office building when he stopped making loan payments. The loan was secured by the building when he purchased it three years ago for $650,000. Jason's Form 1099-A indicated that the debt at the time of foreclosure was $620.000 and the fair market value ( FV) of the building was $650,000. Additionally, box 5 was checked. If the building is sold for the FMV, how much of Jason's personal assets can the bank attempt to collect to satisfy the judgment? $40.000 $30.000 $10.000 50 Mark for folow up Question 28 of 75. The source of law governing foreclosures is the