The Travelin' Librarian

Well, I was supposed to close the sale of my house in Colorado today. I signed all the paperwork on Thursday morning and overnighted it back to Denver. On Saturday morning by agent called me with bad news. It turns out that the buyer (for the second time) failed to get his loan. What happened this time? Seems that he got a $5k bonus last year and his employer reported the “income” on a 1099 instead of a W-2 and therefore the underwriter decided that the $5k no longer counted as “income” that would allow him to get his loan. So, once again, but he and I are screwed out of the sale. (Kudos to my agent. She keeps having to do more work to sell a house for which the price keeps going down earning her less money.)