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Downpayment

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  • Downpayment

    Hi everyone, if someone was to help out with the mortgage downpayment, should they write the check to the title company at closing? Because if they were to cut a personal check to me, wouldn't that consider as a gift and tax will be asset?

  • #2
    Every state is different. Talk to a Real Estate Lawyer. Either way the bank will consider it a gift.

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