Gov’t Shutdown Could Bring OC Real Estate Market To Standstill

CBSLA.com ^ | Octoober 4, 2013

[HereInTheHeartland]

The document has been gotten at application ever since I remember. It was rare however the data was actually pulled. It still isn’t on every loan; but a high percentage now have it pulled.

There are several federal agencies who regulate mortgage lending; newly including the CFB.

I can’t tell you for sure which specific agency requires this. The investors do for sure; Fannie, Freddie, FHA and VA.

It does catch some fraud; but there are probably other ways that could be done.

[alexander_busek]

And yes we can’t make a loan without this. It’s actually one thing however that makes some sense; as it will stop some loan fraud.

The mandatory implantation of subcutaneous microchips containing all of our personal data ("Mark of the Beast," anyone?) and the installation of video cameras in our bedrooms would likewise make it "easier" and "more convenient" for law enforcement agencies, credit card companies - heck, even corner barbershops - to do business.

Mark my words: In 100 years, characters like yourself will be complaining that they'd have to close shop if such invasive techniques were to be outlawed (i.e., they'll have become de rigueur by then).

Regards,

[alexander_busek]

If you are a food manufacturer and you need are being forced to use a certain govt function to move your product; you would want that function to work smoothly be disbanded.

There, fixed it!

That's how FReepers think: They don't want the invasive bureaucratic yoke to be fine-tuned, improved, or otherwise put back into place - they want it destroyed.

Regards,

[HereInTheHeartland]

I don’t disagree with you wrote. But until that happens; you have a business to run.

[bert]

The solution of course is form 4506 Z.

The -Z form is the regular 4056 form with a line at the bottom saying “The 4506 form is waived during shut down. “

Just get the returns and examine them

[bert]

correct

[Yaelle]

Uncle Chip, just because some areas have weather or natural issues is no reason to control everyone’s freedom to transact their property. And most of the OC has no issue.

[Uncle Chip]

Who is controlling your right to sell your property because of those things???