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A preliminary title search is conducted. O The court issues a deficiency judgement if the...

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A preliminary title search is conducted. O The court issues a deficiency judgement if the proceeds from the sale were more than the amount of the mortgage. Mark for follow up Question 39 of 75. Carmelita originally sold her home for $140,000 when her adjusted basis in the home was $100,000. Two years later, she repossessed the home when the balance of the note was $125,000. She resold it within one year for $150,000. Original sale expenses were $3,050, and resale expenses were $3,250. Repossession costs were $1,975. She incurred $2,300 for improvements prior to the resale. What is Carmelita's recomputed adjusted basis? O $100,000 O $102,300 o $110,575 O $125,000 Mark for follow up Question 40 of 75. The foreclosure sale is usually conducted by the ty sheriff or a court-appointed receiver

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