Of course there was one more thing that underwriters find that I can't seem to find no matter how hard I try. I could've believe it that my client who is a truck delivery driver at Lowe's claims almost $3600 in unreimbursed employee expenses. It was listed on his Schedule A but did not have the actual 2106 form that should've been together with the Federal tax returns. What a shame because now my clients did not qualify as is since I already had their back end debt to income ratio at 52%. So now, I had to deduct $300 a month from his income. What a problem!! So what happened was he has to refinance his car loan into a lower payment plus pay off a credit card of $3200. I was so ashamed to tell them that I missed that despite the fact that I even pulled their tax transcripts!! Anyway, I just thought I would share in case someone else misses that big one too!
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