Render unto Ceaser babygifts are taxable? wtf???
Protip: the lender has a stack of 300-600K loans in his pipeline and this 130k one will get just enough attention to not get him in trouble.
hoody
OT Supporter
- Oct 26, 2020
- 3,446
stevezissou
OT Supporter
Cancel or hard money time papi@stevezissou the buyer’s lender wants to close now on the 28th because apparently they’re backed up. I told my realtor hell fucking no.
28th? LMAO
You’re realtor prob has stopped working for you and started working for their commission. If you choose not to cancel get HARD money. Why wouldn’t the buyer agree to that? It will count towards purchase of the house.
If your realtor doesn’t want “hard money” added to the extension you know they stopped working for you and started working for their commission. Was your realtor working with backup offers this entire time? If they weren’t why not?
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Leonard Washington
Well-Known Member
- Aug 15, 2004
- 45,789
It's amazing how people can make assumptions, I was much in the same position as you. I didn't want to go to catholic school as I knew the cost was a burden on my family, but I didn't have a choice.
18 days from now after they said “we only needed a gift letter and a paystub”?
Who is lender @SBrooks1 ?
Who is lender @SBrooks1 ?
Movement Mortgage18 days from now after they said “we only needed a gift letter and a paystub”?
Who is lender @SBrooks1 ?
Sp33dealer
Bully Troll Crew
CRaiNK
ЧЕМПИОН
Nothing about this situation strikes me as particularly unusual or a reason to abort tbh. The loan type changing, the gifted down payment, etc happens all the time. Possibly a first time buyer you're helping out? I'd rather that than a corporation personally. Yeah, the employment switch makes things more precarious, but it happens.
The lender sent an e-mail earlier saying they’re pushing to close on or by the 21st. I’m still hopeful.
More like bowel movement mortgage AMIRITE!?
Not reading all 8 pages so you may have already answered this, but.... Didn't you just move into this house a couple of years ago? Why are you selling? Don't want laundry in the kitchen anymore?
wildflower
OT Supporter
I find this incredible.
You win the 100 million dollar lottery, and upfront, they take, say 50 million dollars as taxes.
You still have 50 million. You give five million to your best friend.
Now that's taxable income for him, and HE has to be 2 million.
He still has three million. He gives a million to his son.
Now that's taxable income for him, and he has to pay $400K.