- 3 - County Metropolitan Transportation Authority as a full-time bus operator. Since 1993 petitioner resided at 4431 West 49th Place, Los Angeles (LA residence). The LA residence was purchased in 1993 by Druetta R. Orum (Ms. Orum), petitioner’s sister. According to petitioner, he did not qualify for the loan to purchase the LA residence and Ms. Orum “agreed to go in and get the property in her name” and that “it was never intended for her to live there.” During the years in issue, petitioner lived alone at the LA residence. Petitioner testified that he did not pay rent to Ms. Orum but made the mortgage payments directly to the lender, Countrywide Home Loans (Countrywide), and also paid for all real estate taxes, homeowner’s insurance, repairs, and maintenance of the LA residence. Petitioner and Ms. Orum owned a joint checking account with Fidelity Federal Bank (joint account). All payments for mortgage interest, real estate tax, and insurance on the LA residence were made from the joint account. Petitioner testified that Ms. Orum did not make deposits into the joint account. According to petitioner, his name is not on the deed of the LA residence, and it is his belief that during the years in issue he could not sell or transfer the property. The deed to the LA property is not a part of the record, and Ms. Orum did not testify at trial. In 1998, petitioner assumed Ms. Orum’s loan to Countrywide.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011