Reports of transactions falling out are frequent. Home buyers are struggling to get qualified and remain qualified. Home seekers who would have been able to acheive their purchase easily a few years ago are being held up by much tighter restrictions and policy. Often, they are most of the way through the process and some small technicality holds them up.
The key is to persevere. The home buying process is an emotional event anyway. Now, with more proof of financial viability buyers go through the emotional period and find more speed bumps. However, the right agent, lender, and attitude are helping to get things done. Closings are still happening. As you prepare to purchase a home, keep a business mind and be creative to get the job done.