I have recently (In the past month or so) started the process of buying a house. Now, this isn’t my first house, I’ve owned two others in the past, but this is the first time I’ve bought one as a single person. You would think it wouldn’t be materially different – and thus far it hasn’t been. With one exception – there’s no one else to rely on to find and submit all the paperwork. And now that I’m a little older than I was the first two times around, I have more bumps in my past that the bank wants to investigate. Things like – a divorce, a closed business, and a history of self employment.
Here’s where things get entertaining. The divorce was many years ago, and three years ago my house burned down. I no longer have a copy of my divorce paperwork, so I need to request it from the State of Texas. I’ve done that – now I just have to wait – but there’s always that little shred of doubt… what if it didn’t get filed properly… what if they can’t find it either… Yeah, not a pleasant road to go down.
The business was -just- closed. I mean, like July 28th. Now in theory this shouldn’t be a problem, there was no debt associated with it, and I wasn’t using the small amount of money I was getting from it towards my financing, but they still want to see all the tax records, balance sheets etc. Which is more than a bit of a hassle. (Not to mention the fact that my scanner decided last night that it wasn’t going to talk to my computer – so I had to spend an hour updating the drivers. Bonus: Now it works over wi-fi!)
And then they wanted an explanation of why I decided to go from a Self Employed person to a W2 filer on my Income Taxes. As I have in fact been doing both (Self employed AND working at least half time) for 3 years now, I don’t really see that it’s any of their business… but I’d like to actually purchase a house, so I wrote out a detailed work history for them.
Goodness only knows what else they will need before this is all over. My firstborn child? A contract in blood? Rights to my next three books? Here’s hoping I can get the divorce paperwork back from the State in a timely manner, and stay sane until this process is done.