Parents got the house loan, but I own the house and make the payments
I'm not an accountant, just a bookkeeper, and I'm having a problem trying to figure out how to enter these transactions.
My husband and his former wife got a loan to purchase a house for their daughter. The daughter actually is the owner on paper, and she makes the loan payments. This is handled by her writing the check to my husband and his first wife, then, they cut a check for the loan payment, after depositing her check.
How should I handle this?