carol griffith

Politics & Government
9:04 am
Mon October 7, 2013

Michigan home buyers might be the next to feel the pinch of the federal government shutdown

Or is it?
Steve Carmody/Michigan Radio

The federal government shutdown could soon start affecting Michigan’s real estate industry.

The problem is government agencies that verify the identities and tax returns of people taking out mortgages are closed by the shutdown. That means banks and mortgage companies are unable to finish their paperwork on home loans.

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