Yeah the shutdown is a big deal for a lot of people and their families, but the houseing market certinaly hasnt come to a screaching hault. I was headed into work today listening to the radio and all the news about the government shutdown. We all knew it was possible and by the end of the day yesterday pretty much inevitable. The congressmen being interview on the radio made it sound like the housing market was going to come to a screeching halt. Heck you would think that all the Realtors and Loan Officers were going to get a couple weeks off while Uncle Sam figured things out. Well I got some breaking news, we are all still here, still working away, & most importantly still closing loans! So what’s the real deal? What loan programs have been affected by the shutdown? Here’s the scoop:
So to recap we are still closing and funding all loans with the exception of those rural development loans.
If you want more info you can read the governments contingency plan here http://www.whitehouse.gov/omb/contingency-plans
The real estate market is constantly changing, leading to many challenges for buyers and sellers alike. Never has there been a greater opportunity to leverage innovative lending solutions to better serve your clients. As you know we think outside of the box. Yes we do lots of loans that fit in the box, but getting the deals done that don’t fit in the box can make all the difference in this market. During this class we will cover some more unique loan programs and ways to structure transactions to help get offers accepted in an unconventional world. This class is approved for 1 hour of continuing education thank you Devon Title for sponsoring the continuing education portion of this event!
Here is a list of some of the things we will cover during the event: