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It's not "funny".Lender is not the seller. Lender is an independent third party. Mortgage broker has a person that wants to purchase or refi a home. They can't ...
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Lender never owned the house. Lender is simply loaning money for purchase or refi.
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You are correct. They are "hard money" loans. (I didn't want to use that term because I didn't know if anyone knew what it meant)
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Maybe I'm overthinking it. The header says "Banks, S&L's, etc" so that leads me to believe that only income reported on a 1099-INT should be shown here. It's no...
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Client receives mortgage interest income as an investment. It is not reported on a 1099-INT since it comes directly from the property owner to the client. Clien...
