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Seller buy down

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Anonymous
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Seller buy down

I can't remember where I heard it, but I had heard that when a seller gives money to the buyer at closing to buy down the interest rate that it can be written off by the seller. Has anyone else heard this and know how valid the information is? 
Message 1 of 3
2 REPLIES 2
Anonymous
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Re: Seller buy down

I'm not sure if it can be written off by the seller, but I was told by my closing attorney that it is deductible to the buyer.
Message 2 of 3
Anonymous
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Re: Seller buy down

I read on the IRS website, that it's actually a write off for the buyer, so long as the buyer put that much or more down on the house purchase themselves.
Message 3 of 3
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