I'm not sure I follow your answer to ndegroff about the Lender:
Specifically:
Are you saying that payoff of the first mortgage IS or IS NOT to be included in the Sales Expense of the Property?
Also are all the other items listed below that (Title Fees, Real Estate Commissions, etc.) NOT to be included in Sales Expense of the Property? If not, where are they accounted for, as they certainly reduce the income from the sale of the property?
Thank you!
