- 11 - execute in favor of seller a first trust deed and note as his interest appears in the total amount of $48,000, payable $608.04 or more per month including 9% interest until paid. By letter dated October 31, 1986, Stello Real Estate informed petitioner and Charlotte that a buyer for the property had been found and that the buyer's offer should be accepted. Petitioner and Charlotte authorized Stello Real Estate to sell their interest in the property by a note dated November 3, 1986. In that note, petitioner instructed Stello Real Estate to change its records to show that he and Charlotte would henceforth do business as C and C Liberty Enterprises (C and C). Petitioner informed Stello Real Estate that C and C's Federal I.D. number was 52-1370927. The property was sold, and this is one of the transactions from which Services collected interest income which it distributed to petitioner. Ms. Stello testified that when Services first establishes an account for a client, Services sends a thank you note to the client and encloses an amortization schedule and a request for the client's Social Security number. Ms. Stello did not receive a Social Security number from petitioner. In 1990, Ms. Stello sent a letter to petitioner informing him that she had sent him four requests for his Social Security number and had received no response to each of her letters. In response to her 1990 letter, Ms. Stello received a telephone call from petitioner during which he informed Ms. Stello that he wouldPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
Last modified: May 25, 2011