THE GOVERNMENT SHUTDOWN COULD BE TROUBLE FOR HOMEBUYERS … DEPENDING ON HOW LONG IT LASTS. BOB DANIEL WITH UNIVERSAL LENDING IN ALBUQUERQUE SAYS THE SHUTDOWN MEANS THEY CAN'T VALIDATE SOCIAL SECURITY NUMBERS AND TAX RETURNS. THEY NEED THE GOVERNMENT TO DO THAT.
DANIEL SAYS IF THE GOVERNMENT IS CLOSED FOR A WEEK OR TWO, IT'S NO PROBLEM. BUT THERE'S TROUBLE IF IT LASTS ANY LONGER.
JANICE MCCRARY WITH THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS TELLS US A LONG TERM SHUTDOWN WILL HURT THOSE APPLYING FOR V-A AND FHA LOANS, AND FLOOD INSURANCE. IT WOULD ALSO IMPACT RURAL HOUSING PROGRAMS … BUT NOT FANNIE AND FREDDIE MAC.
