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| How does it work? |
It's called a charitable bargain sale.
- You sell us your residence or other property for substantially less than the appraised market value. We pay you in cash.
- This results in a transaction that is part sale, part gift.
- You receive an immediate income tax deduction for the value of the gift portion.
- You pay no capital gains tax on the gift portion.
- You receive cash to retire a mortgage or for other purposes.
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