Impact on Lending during the Government Shutdown

By
Title Insurance with Family Abstract, Inc.

Family Abstract has learned that the Government shutdown will affect getting final FHA insurance accepted but will not affect any processing of FHA and VA loans. The caveat to this statement is that they will be working with a "Skeleton Crew" and most asked to work for no paycheck.  The service wasn't so great when they were getting paid.... Just Say-in, LOL!!  !!!!

IF any lenders REQUIRE the 4506 Transcripts prior to closing they will not be closing as the 4506 Transcripts will not be processed nor will SSA Verification's.

This irresponsibility on America's part of this financial crisis is embarrassing, Did you see the new $5.00 bill, Lincoln has a bag over his head!

I hope all that read this gained some knowledge AND had a smile, That's what Family Abstract does, we make settlements fun! Look us up at FamilyAbstract.com

Glenn

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About Family Abstract, Inc.

Established in 2002, Family Abstract, Inc. provides Title Insurance to clients and customers throughout Florida, Maryland, New Jersey and Pennsylvania with more than 40 years of combined experience in management alone. We pride ourselves on retaining the most skilled and knowledgeable employees who share our goals of providing the best service in the industry.

Located in Horsham, Pennsylvania, Family Abstract, Inc. maintains an extensive network of skilled title insurance abstractors in all the states we service in addition to a nationwide network of qualified closing agents who are available to close loans at any location.

Backed by the strength of four title insurance underwriters, we are able to provide expert attention to detail without sacrificing versatility in the closing process, thus providing more options in difficult title situations. Due to our depth of industry knowledge and commitment to excellent service, Family Abstract, Inc. has been able to develop client relationships that have endured for decades.

Having successfully settled and insured thousands of transactions, we have already earned the trust and confidence of hundreds of customers, lenders, brokers, and realtors and now we would like to share our expertise with you!

Comments (3)

Jill Penman
ONE SOTHEBY'S INTERNATIONAL REALTY - Coconut Grove, FL
Coconut Grove & Coral Gables Lifestyle Expert!

LOL - what a mess!

Oct 02, 2013 01:29 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good afternoon Glenn.  Your information is timely and valuable. Suggested and yes as jill said, what a mess"

Oct 02, 2013 02:51 AM
Glenn Freezman
Family Abstract, Inc. - Horsham, PA

Jill and Sheila, What a mess is just the beginning, maybe it will get suggested after we're in a full blown housing depression!   Ahhhh G-d bless the Ostriche syndrome!

Oct 02, 2013 03:53 AM