Florida Real Estate Hits This Week: Fed Shutdown Fears, Blockbuster Site Leasing, and More


Today, lots of things are happening in the news that will have a big impact on Florida real estate. Big things, with consequences both short term and long term. Consider the following:

1. Possible Shutdown of the Federal Government on Friday, April 8, 2011

FloridaRealtors.org has published a list of how the potential shutdown of the federal government tomorrow may impact the Florida real estate market. From their information, for example:

• Federal Housing Administration (FHA) -- FHA will not make new loans, but it will continue basic operations regarding paying claims and collecting premiums, as well as running its REO portfolio.

• Internal Revenue Service (IRS) -- The IRS will stop all refunds as well as working on income tax returns.

Secretary of the Department of Housing and Urban Development, Shaun Donovan, told Congress today that the shutdown would essentially force lenders to stop making home loans if the FHA is put on hold tomorrow.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:


Eckstein Schechter Law on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.