Property: assessed or real market value?

[anabanana]

FL

In chapter 13, does real propery have to be listed with its actua real market value that it could be sold for, or only the assessed value of the local taxing authority (which is always considerably less, and where I live, is about half of real market, because of the real estate boom)...?

thanx!

 

[Ladynred]

In general, it would be a 'walk away' or 'quick sale' price. Call a real estate agent and ask for a 'walk away' price and you should be in the ball park.