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Employee
June 6, 2019
Solved

Mortgage sold by lender #1 on same day acquired in 2018 to lender #2. Outstanding balance by first lender at end of year?

  • June 6, 2019
  • 1 reply
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Received 1098 from both lenders.  What should be outstanding mortgage balance at end of 2018 for lender #1?  Is it zero or is it the amount transferred to lender #2?

Best answer by KrisD15

The outstanding mortgage balance at end of 2018 for lender #1 is Zero. 

(Don't enter the amount transferred since that would falsely inflate your debt amount) 

1 reply

KrisD15
KrisD15Answer
June 6, 2019

The outstanding mortgage balance at end of 2018 for lender #1 is Zero. 

(Don't enter the amount transferred since that would falsely inflate your debt amount) 

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ughtaxesAuthor
Employee
June 6, 2019
Thanks!!