Mortgage Problems with a Government Shutdown
What will be effective:
All residential transaction verify tax returns with the IRS before closing. This shuts down.
Social security numbers are verified with the Social Security administration. They’re closed.
FHA, VA and USDA are basically closed
CFPB may or may not close
Basically, no closings without cash or you don’t occupy the property and you are not getting a normal mortgage.
In other words, everyone is going to be possed off and it’s going to cost them a lot of money.
Don’t do it, Congress and POTUS