All Forum Posts by: Victoria Janis

Hey all, 

My brother in law had a home seller financed. He offered the note to his father (my father in law), for sale and Dad bought it. I take care of issuing 1098s for these few properties. I assume I issue one 1098 for original note holder that covers the time he owned it until sale and then another to father in law that covers his time of ownership to present. 

I didn't realize they hadn't finalized any paperwork covering the sale. Basically, brother in law (original note holder) took money offered and ran. We collect the note payment and transfer it minus escrow and we were just told to start paying father in law from a certain date forward. What paperwork needs to be filed here to cover transfer of note? 

Thank you! 

(questions also asked to accountants, but you know, more knowledge is good!) 

Good evening all, 

I’ve got a prospective tenant who showed up to view a home with her husband. He never got out of the car and when specifically asked said, within my hearing, that he didn’t care about looking at the unit. 

She submitted her application and passed all of our qualifications (income, rental history, etc) 

When I reminded her that everyone over 18 needs to submit a separate application, she informed me that it would just be her and her two children living there. She and the husband were in the process of separating and he would not be moving in. 

She qualifies on her own, but I’m worried that this separation may be a ruse because her husband may not meet the rental requirements (prior evictions/criminal background, etc) 

Perhaps it was just a slip of the tongue, but she referred to him as her husband several times during our conversation and it’s odd to me that they’d show up together if they are separating. 

We already include a clause in our lease about long term guests being considered tenants and having to submit an application (including background and credit), but should they refuse to comply, how likely is a lease violation eviction in the state of Texas? 

Any and all advice welcome! We’re learning new things all the time and appreciate the insight. 

Thanks in advance, 

V