How Will the Government Shutdown Effect Real Estate Transactions
By Kristin Hamilton CA REALTOR, (909) 557-6966- Specialize 55+ Communties Banning
(Berkshire Hathaway California Realty)
How Will the Government Shutdown Effect Real Estate Transactions This message came up on the WhiteHouse.gov site tonight. Today the National Association of Realtors sent out an email today summarizing how this current government shutdown could affect the closing of many of our transactions. Here is a summary below and frankly some of these I had not considered. Internal Revenue Service: The IRS is closed and has suspended the processing of all forms, including requests for tax return transcripts (Form 4506T). While FHA and VA do not require these transcripts, they are required by many lenders for many kinds of loans, including FHA and VA, so delays can be expected if the shutdown is protracted. NAR has received indications that many loan originators are adopting revised policies during ...
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