Avoid Overpaying Taxes and Fees: Promissory Note Valuation
The fair market value of a note is less than its cost InvestorsBeware The fair market value (FMV) of most notes and mortgages is less than their unpaid balances, their cost, or their face values. I have appraised and invested in IOUs for the past 35 years, and found that most IOU holders overpay taxes and fees related to IRAs, […]
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