Internal Revenue Service

Business
9:02 am
Mon October 14, 2013

Government Shutdown Creating Some Obstacles For Homebuyers

The partial government shutdown is proving to be a problem for some American home buyers.  Most lenders require income verification through the IRS.  The verification requirement is problematic because most IRS functions have been suspended.  

Victoria Doran, president of the Rhode Island Association of Realtors, says it hasn’t caused a logjam yet but will if the government shutdown continues much longer.

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