Government Shutdown Could Impact Connecticut Real Estate Closings

“This is going to be very disruptive to the mortgage industry and pretty much result in a freeze of the pipeline,” said Craig Strent, CEO of Bethesda, Md.-based Apex Home Loans. “New loans can be taken, but without IRS and Social Security number verifications, [they] will not be able to proceed to closing.” – CNBC

We’re watching this situation very closely. The lenders that I spoke with yesterday were unsure exactly how the government shutdown will impact real estate closings in Connecticut.

Suffice to say the longer the shutdown the greater the impact.

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McKeen Law Firm FIrm, LLC is a Connecticut law firm that practices in the area of real estate law.

 

Ryan McKeen is a trial attorney at Connecticut Trial Firm, LLC in Glastonbury, Connecticut. In 2016, he was honored by the CT Personal Injury Hall of Fame for securing one of the highest settlements in the state. He is a New Leader in the Law. ABA 100. Avvo 10. 40 under 40 for Hartford Business Journal. He has been quoted in Time Magazine, the New York Times, Hartford Courant, Wall Street Journal Law Blog and the Hartford Business Journal. He focuses his practice on Connecticut Personal Injury law. He loves what he does. Contact him ryan@cttrialfirm.com or 860 471 8333

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