⚠️ How the Government Shutdown Could Affect Real Estate Closings

As you’ve probably seen in the news, the federal government is currently in shutdown mode. While Congress works toward a resolution, we want to share how this could affect real estate transactions and closings in our area.

What could be impacted:

     ✔     IRS Tax Transcripts & Verifications – Many lenders require IRS income verification (Form 4506-T). With IRS staff reduced, delays are likely.
     ✔     Flood Insurance – New National Flood Insurance Program (NFIP) policies or renewals may be delayed if the shutdown extends. This can be critical in our region.
     ✔     USDA Loans – USDA Rural Development loans are processed by federal staff and could stall until the government reopens.
     ✔     Other Federal Agencies – FHA and VA loans may see slower response times depending on agency staffing.

What’s not affected:

   ✔ The recording of deeds, mortgages, and related documents remains a local function, so county recording offices will continue operating.

   ✔ Most day-to-day closings not dependent on federal verifications should proceed normally.

What we’re doing:

At Winged Foot Title, we’re monitoring the situation closely and staying in contact with lenders and underwriters. Our goal is to keep your transaction on track, anticipate where delays may arise, and communicate promptly with all parties.

If you have a closing scheduled—or are planning to buy, sell, or refinance (or help someone with any of these) during this period—feel free to reach out. We’re here to help you navigate any challenges the shutdown may create.