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.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.