Withdrawal from Account w/Tenant Deposit

Withdrawal from Account w/Tenant Deposit

New to Real Estate · Atlanta · Member since 2020 · 69 posts · 33 votes

Hi All! I'm panicking and I hope I can get some "calm" from a contributor.

My checking account that houses my Tenant's Deposit was compromised. A family member stole my Wallet and used the Debit Card attached. The Deposit is $1250 and of that, and little over $300 was spent.


It has been re-deposited but its on my Sept statement. My concern is that the Underwriter is going to give me a hard time, because I'm using 75% of the Leased amount to offset my DTI. My hope is that I'm allowed to submit an LOE. Can any Underwriter chime in on this?

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  • MD/DC · Member since 2024 · 1k+ posts · 1k+ votes
    1y

    Provide them with a copy of the police report. 

  • Jason MalabuteBusiness Member
    Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 914 votes
    1y

    Providing a copy of the police report is very important

    Malabute & Company CPAs527 Reviews
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