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Appeal a rejected Offer in Compromise (OIC) - Online Self-Help Tool (12)

Provide documentation on the Fair Market Value (FMV) for each piece of real estate which includes but is not limited to:

  • An appraisal
  • Market comparables
  • Homeowner insurance policies identifying replacement cost amounts
  • Real estate tax bills

The encumbrance (mortgage) is the loan payoff amount as it appears on a current statement of the lender.

The "net equity in real estate" is the FMV reduced by the current mortgage balance.

Do you want assistance in identifying other disagreed items?



Page Last Reviewed or Updated: 03-Nov-2016