Shutdown Hurt Potential Homeowners - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Shutdown Hurt Potential Homeowners

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MILFORD, Del.- The 16-day partial government shutdown caused a lot of headaches for would-be homeowners.

"It's frustrating, it's plain frustrating. People don't know what to do whether to continue forward, these people that are buying right now, they could not buy this place and pull out and move on," said realtor Delbert Mills.

Mills says several of his clients are in limbo because the loans they are trying to get from the FHA or VA are in a holding pattern.

"The applications have all been put on back till who knows when and of course that's upsetting the buyers because they don't know if they need to move forward or not," he said.

The partial government shutdown is affecting small local banks. Checking vital information like social security numbers and income has become near impossible with government employees on furlough.

"We go back to the old-fashioned way before we had computers," said John Coleman with the First National Bank of Wyoming. "We'll look at tax returns we'll get employer verification of income, we'll look at credit reports to verify social security numbers."

Coleman says even when the shutdown ends, things could be delayed.

"A lot of the lenders out there rely on automated systems and if you don't have enough support staff in some of these areas like hud, housing and urban development, then you're going to see a backlog and when the backlog starts hit then everything is going to slow down."

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