Government shutdown causes delays for home closings - WFLA News Channel 8

Government shutdown causes delays for home closings

Posted: Updated:
Pinellas mortgage company Pinellas mortgage company
ST. PETERSBURG, FL (WFLA) -

Jessica Warden has been glued to the television, hoping for an end to the government shutdown, so her mortgage loan will be approved. She was supposed to close last Thursday.

"It's been very, very frustrating," she said. "I've lost so much sleep. I feel like I'm being punished because {congress} can't get it together."

Warden rents a condo and her landlord wants to move in a new tenant, but her FHA loan is in limbo. The mortgage company can't contact the government to finalize her paperwork.

It's been a week now, and she needs another extension from the home seller. Mortgage broker Jane Floyd says Warden isn't the only one with paperwork delays, and government USDA loans are completely shut down.

Although most lenders have relaxed paperwork rules during the shutdown, some types of loans can't go forward.

"This buyer is just with many, many buyers," Floyd said. "I don't know how many, but it's significant."

Now that Congress is close to reaching an agreement to return to normal -for now- Warden is hopeful she'll close on her home soon. She says Congress took way too long to get serious about working something out.

"We shouldn't be hurt," she said. "People should be able to get their VA checks. We should be able to move into our homes while they're doing it. Why it has gotten this far is beyond ridiculous."

Related Content: Government Shutdown

  • NewsMore>>

  • Closing arguments to begin in McTear trial

    Closing arguments to begin in McTear trial

    Wednesday, July 30 2014 5:09 AM EDT2014-07-30 09:09:53 GMT

    Closing arguments begin Wednesday morning in Richard McTear's murder trial. 

    Closing arguments begin Wednesday morning in Richard McTear's murder trial. 

  • An app that repels mosquitoes? We test it.

    An app that repels mosquitoes? We test it.

    Tuesday, July 29 2014 10:58 PM EDT2014-07-30 02:58:27 GMT
    Now, there's an app that claims to keep mosquitoes away. You can download the anti-mosquito sonic repeller on your smart phone.
    Now, there's an app that claims to keep mosquitoes away. You can download the anti-mosquito sonic repeller on your smart phone.

  • Parents of Sarasota teen hit by stray bullet want others held accountable

    Parents of Sarasota teen hit by stray bullet want others held accountable

    Tuesday, July 29 2014 10:33 PM EDT2014-07-30 02:33:00 GMT
    17-year-old Teria'le was killed by a stray bullet Monday morning in Bradenton.17-year-old Teria'le was killed by a stray bullet Monday morning in Bradenton.
    The parents of a 17 -year-old girl who was hit and killed by a bullet not meant for her are looking for justice. Teria’le Rawls was killed Monday morning when she was hit by a bullet while at a party in the Royal Palm Movie Theater parking lot in Bradenton.
    The parents of a 17 -year-old girl who was hit and killed by a bullet not meant for her are looking for justice. Teria’le Rawls was killed Monday morning when she was hit by a bullet while at a party in the Royal Palm Movie Theater parking lot in Bradenton.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Small cars fare poorly in crash tests

    Small cars fare poorly in crash tests

    Wednesday, July 30 2014 3:59 AM EDT2014-07-30 07:59:53 GMT
    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests.
    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests.
  • Dramatic doggie makeovers put new face to pet adoption

    Dramatic doggie makeovers put new face to pet adoption

    Tuesday, July 29 2014 5:14 PM EDT2014-07-29 21:14:31 GMT
    What a difference a bath can make! Millions of shelter dogs across the United States just need a little bit of grooming and TLC in order to shine, as evidenced by these photos.
    What a difference a bath can make! Millions of shelter dogs across the United States just need a little bit of grooming and TLC in order to shine, as evidenced by these photos.
  • Lawsuit: Failed Circumcision Never Happened

    Lawsuit: Failed Circumcision Never Happened

    Tuesday, July 29 2014 3:33 PM EDT2014-07-29 19:33:55 GMT
    Doctors accused of amputating a man’s penis during a circumcision asking for dismissal
    Doctors accused of amputating a man’s penis during a circumcision asking for dismissal
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.