Arizona Real Estate News

Shutdown creating headaches for homebuyers, lenders

The nation’s housing market is being affected by the government shutdown, and those in the industry are calling for a quick resolution in Washington, D.C. One of the main issues is that tax transcripts processed through the Internal Revenue Service are not being generated. The transcripts are a verification that a potential buyer’s income documentation matches what’s on file with the IRS. “Lenders that are processing loans that require tax transcripts through the IRS have not been able…
Original article here