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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?

YES


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Page Last Reviewed or Updated: 03-Nov-2016