Assuming you have gotten a pre-approval letter, the property appraises at the sale price then the loan may take anywhere from 20 to 60 days for final approv ... more
You really should ask a CPA. I would say line 801 is not deductible since you were credited over that amount from your broker so you technically didn't pay the $4,795.
However what you've been told coincides to the sta ... more
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short S ... more
I can help.
Broker/Owner, Multi-state Licensed Real Estate Brokerage U S Spaces, Inc.
Managing Member, NMLS Certified Mortgage Brokerage U S Loans Mortgage ... more
http://www.under640ficoscor ... more
I'd rec ... more