clarify this statement. this interest is from a mortgage i hold on a home i sold to someone who lives in the home as their main residence

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clarify this statement. this interest is from a mortgage i hold on a home i sold to someone who lives in the home as their main residence

That would mean that you sold a house, and the buyer did not get a loan from a bank,

They did not pay for the house up front, but rather owe you the value of the house.
You would then "collect the mortgage", both principal and Interest.
The question refers to the interest you received.

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