Re: Closing Costs - New vs. Resale
Villages07
Thanks for the information.
However, I don't understand your statement that:
"Although it is not a tax, it is substantially interest payments in the early years for the original debt to build the infrastructure. An earlier poster said you can get an accurate figure on how much is interest (from the property appraiser/tax collector's office?) and thus is deductible on your income taxes."
Are you able, in fact, to deduct the interest? I thought that the only deductable interest is mortgage or home equity interest.
Thanks again.
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