Bay Realty Blog

Government Shutdown Relief In Obtaining Tax Transcripts

Thank you to George Souto for the following information

 

One of the issues created by the Government Shutdown, has been the inability to obtain Tax Transcripts from the IRS.  Without Tax Transcripts, several loans are not able to close, even if the borrower provides copies of their tax returns.  However, through some lobbying pressure, there will soon be Government Shutdown Relief In Obtaining Tax Transcripts.  As of next Monday, January 7th. Lenders will be able to obtain tax transcripts again through the Verification Express Service (IVES).  Below is the announcement I received from the Mortgage Bankers Association (MBA).  Good news and more to come!! 

 

Thank you George Souto!

One of the issues created by the Government Shutdown, has been the inability to obtain Tax Transcripts from the IRS.  Without Tax Transcripts, several loans are not able to close, even if the borrower provides copies of their tax returns.  However, through some lobbying pressure, there will soon be Government Shutdown Relief In Obtaining Tax Transcripts.  As of next Monday, January 7th. Lenders will be able to obtain tax transcripts again through the Verification Express Service (IVES).  Below is the announcement I received from the Mortgage Bankers Association (MBA).

 

 

Hopefully more good news will follow with further relief which will allow Lenders to close more loans during the Government Shutdown.

 

 

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Old Saybrook, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or souto@snet.net

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Comment balloon 8 commentsDebra Leisek • January 06 2019 09:26PM
Government Shutdown Relief In Obtaining Tax Transcripts
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