The Fiscal Cliff

[The_Tick]

What does the IRS have to do with buying or selling a house?

The IRS gives a verification to the Loan Processors that you are who you claim to be. There is a form that you fill out when you are buying a house.

They issue a verification to be put into the underwriting file. Happens on every home loan.

Currently not happening.

[Maximus]

How far are we into this? A month? And most normal people still haven't noticed that the government is "shutdown."

except the poor and those who work for govt.

[byu71]

How far are we into this? A month? And most normal people still haven't noticed that the government is "shutdown."

You are right, "most" normal people haven't. On the other hand it is disruptive enough that you wouldn't want to claim that this proves you don't need the people who aren't working right now with the government now at it's current size. My understanding this is really disruptive to the mortgage industry, even disruptive to those who work in the bail bond business. Of course you have the tourist trade.

When only 15% of the government is shut down and it ends up being as disruptive as those on the left claim, perhaps that is evidence the government is too big.

[Uncle Ted]

Cruz sez he will behave...

http://abcnews.go.com/Politics/wireStory/boehner-spokesman-house-vote-tuesday-night-reopen-government-20579881

Republican Sen. Ted Cruz says he won't delay a vote on bipartisan budget deal.

[byu71]

Cruz sez he will behave...

http://abcnews.go.com/Politics/wireStory/boehner-spokesman-house-vote-tuesday-night-reopen-government-20579881

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I would personally like to thank Ted Cruz, Harry Reid and President Obama for giving Americans a chance to buy into the market at lower prices over the last few weeks.

[Jacob]

I think it does demonstrate that you could cut 15% of the government spending and employment and not notice much difference. You probably wouldn't eliminate all the same people that are furloughed, I'd move a lot of the reductions to military, for example. One congress-person had a great idea, I thought. eliminate the debt ceiling as Obama wants. But replace it with the following rule: if congress doesn't pass a budget, then automatic spending reductions of 1% over the previous year are instituted. An additional 1% gets cut every 90 days that no budget is passed. Simple.

[Moliere]

The IRS gives a verification to the Loan Processors that you are who you claim to be. There is a form that you fill out when you are buying a house.

They issue a verification to be put into the underwriting file. Happens on every home loan.

Currently not happening.

A friend of mine not only closed on a house during the shutdown, but also sold his house last week. I wonder how he circumvented this whole thing that is causing you an issue?

[Jeff Lebowski]

A friend of mine not only closed on a house during the shutdown, but also sold his house last week. I wonder how he circumvented this whole thing that is causing you an issue?

I know a couple of people who can't close due to the shutdown.

[Jeff Lebowski]

A deal has been reached.

http://www.cnn.com/2013/10/16/politics/shutdown-showdown/index.html?hpt=hp_t1

[snowcat]

A deal has been reached.

http://www.cnn.com/2013/10/16/politi...html?hpt=hp_t1

Yeah, a new credit card. I want a big screen TV.

[Sleeping in EQ]

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[TripletDaddy]

I think someone just posted that exact joke yesterday but they were passing it off as their own. Now I am skeptical.

[Sleeping in EQ]

I think someone just posted that exact joke yesterday but they were passing it off as their own. Now I am skeptical.

That joke is making the rounds. It should be on Jay Leno by next week.

[myboynoah]

Cruz sez he will behave...

http://abcnews.go.com/Politics/wireStory/boehner-spokesman-house-vote-tuesday-night-reopen-government-20579881

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Cruz is the male Sarah Palin. I see several failed reality shows in his future.

[Omaha 680]

This is so unexpected! We BARELY escaped catastrophe!