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I have carefully reviewed the HUD-1 Settlement State-
ment and to the best of my knowledge and belief, it is
a true and accurate statement of all receipts and dis-
bursements made on my account or by me in this transac-
tion. I further certify that I have received a copy of
the HUD-1 Settlement Statement.
A settlement agent for the December 2, 1999 transaction
issued Form 1099-S, Proceeds From Real Estate Transactions (Form
1099-S), which reported that transaction as a sale at a gross
sales price of $318,000.
At all relevant times after the December 2, 1999 transac-
tion, (1) Kevin O’Malley (a) continued to live in the house
located on lot 5, (b) ceased paying rent to petitioners with
respect to that lot, and (c) made payments to F&M Bank with
respect to the $254,400 F&M Bank 1999 loan; and (2) petitioners
did not make any payments to F&M Bank with respect to that loan.
During February 2000 to November 2001, petitioners issued
the following checks totaling $7,407.40 to Kevin O’Malley:
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Last modified: November 10, 2007