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I'm supposed to be closing on the sale of my house in the next week or so. The buyer has an FHA loan. If this government shut down happens will this affect my closing?
I dont know. But I do know they wont go over 22 days shutdown. Congress can only issue back pay for 22 days. Its really a dream come true for a gov employee. The last shut down was 21 days. The gov employees got 21 days off, and then received back pay and didn't have to use sick time or annual leave.
government will not shut down...this whole thing is a CIRCUS, we have gone through this episode several times before, the morons in Washington will reach some stupid last minute deal, pat themselves on the back for a "job well done" and things will just keep going on UNTIL of course it blows up again next year...
I'm supposed to be closing on the sale of my house in the next week or so. The buyer has an FHA loan. If this government shut down happens will this affect my closing?
42. Can I still get a federally backed loan? Maybe not. "Federal loans for rural communities, small business owners, families buying a home will be frozen," President Obama said Friday. 43. Does that mean I can't get an FHA mortgage? No. The Federal Housing Administration says it "will endorse new loans under current multi-year appropriation authority in order to support the health and stability of the U.S. mortgage market." 44. Does that mean I can't get a VA mortgage? No. The Department of Veterans Affairs says loans are funded via user fees and should continue. However, during the last shutdown, "loan Guaranty certificates of eligibility and certificates of reasonable value were delayed."
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