The unfortunate government shutdown will affect people all across the nation in various ways. We’ve gotten inquiries from those concerned parties who are trying to conduct real estate transactions, which can already be a difficult and time-consuming process, as to how the government shutdown will affect them. Our friends at realtor.org have already compiled a handy guide to how the organizations with the closest ties to real estate are going to handle the shutdown, and we’d like to share some of that information with you all.
The Federal Housing Finance Agency's HARP program was detailed on October 24th 2011 and promises to help homeowners who's mortgages are underwater due to the current economic climate. President Obama is hoping this will help the homeowners avoid foreclosure and help stabilize the economy.