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B-201899 1 (1981-08-12)

handle is hein.gao/gaobadjqh0001 and id is 1 raw text is: O&LLR c,, 0 THE COMPTROLLER GENERAL DECISION O F THE UNITED STATES WASHINGTON. D. C. 20548 /N IT 1 FILE: B-201899 DATE: August 12, 1981 MATTER OF: Arthur J. Kerns, Jr. - Real Estate Expenses - Second Mortgage DIGEST: Transferred employee obtained money from second mortgage on old resi- dence to make downpayment on pur- chase of new residence. Second mort- gage was on employee's old residence which he was unable to sell due to high interest rates, low availabil- ity of mortgage money, and high real estate prices. Transaction to obtain funds to make downpayment was not an interim personal financing loan but a loan upon employee's equity in old residence. Such transaction was thus essential to enable employee to make downpayment on residence at new duty station incident to transfer. Hence, expenses of second mortgage are reim- bursable, if otherwise proper. 5 U.S.C. § 5724a(a)(4) and FTR para. 2-6.2d. This decision is in response to a request by Mr. D. E. Cox, Authorized Certifying Officer, Federal Bureau of Investigation (FBI), Uni-fed States Depart- ment of Justice, as to whether he may certify for payment a reclaim travel voucher in the amount of $596.35. The reclaim was submitted by Mr. Arthur J. Kerns, Jr., an employee of the agency, for reimburse- ment of costs incurred in obtaining a second trust on his old residence in order to purchase a new residence at his new official duty station. The record discloses that by letter dated August 22, 1979, Mr. Kerns was officially trans- ferred from Washington, D.C., to Phoenix, Arizona. His transfer was effected on October 8, 1979. Mr. Kerns reports that upon receipt of his official transfer letter, he immediately contacted a realtor and placed his Falls Church, Virginia residence on the market. He states that at that time, there was no buyer interest in the property. He reports that

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