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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Live2Sail who wrote (83941)8/8/2007 12:04:25 PM
From: TradeliteRead Replies (2) of 306849
 
If the parents are willing to supply the money, sign a sworn statement that it's a gift and not a loan to be paid back (and hopefully know about IRS gift-tax rules), it should be OK with a lender. I've sold many homes where parents contributed hugely to the down payment.
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