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stephrs-012
February 4, 2020
Question

When I'm finishing my state return, I keep running into two issues. "Debt on date last secured" & "Fair market value of home." must be entered. Where do I find this?

  • February 4, 2020
  • 1 reply
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1 reply

K
KarenM90
February 8, 2020

The Debt on the date last secured would be the outstanding balance of the loan immediately prior to it being closed, paid off, or transferred to another lender. 

The amount should be available from your mortgage company ( or former mortgage company) either online, or on a monthly or annual statement.


The Fair Market Value of the property could be either the current sales price, a recent sales price, comparable sales in your area, a recent appraisal, or possibly even a listing from Zillow or similar.

 

 

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