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Finance News Blog » Blog Archive » Can Mortgage Lender Get TaxThis is a discussion on Finance News Blog » Blog Archive » Can Mortgage Lender Get Tax within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you become a bmortgage/b lender to a home buyer can you take a tax deduction? Generally no, say Sam ... |
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| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
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12-02-2008, 09:33 PM
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Finance News Blog » Blog Archive » Can Mortgage Lender Get Tax ...
If you become a bmortgage/b lender to a home buyer can you take a tax deduction? Generally no, say Sam and Ilyce. Mortgage related tax deductions may be taken by home owners or home buyers, not home sellers or bmortgage/b lenders. b.../b
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| archive, blog, finance, lender, mortgage, news, tax |
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