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real estate write offs

June 14th, 2008 by admin



real estate write offs
When we look at taxes for self-employed borrower, the bank "add" cancel mortgage interest?

I self-employed borrower, thus presenting a schedule C. For a full doc borrower lenders look at my taxes last two years to establish the income. I wonder what creditors are "add" from my writing offs for my income. He said the mortgage interest and property tax penalties are usually add. Is this true?

Never heard of a bank of adding offs tax law. While the cancellation were legitimate should not be a problem. Banks just wanted to see how much money you made, if they can be sure that you are not poor and not be able to pay.

UN SCAM: YOUR LAND = WRITE OFF WORLD DEBT!


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