Reply to Potential Government Shutdown -- Issues with Closing?

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[quote=Anonymous]We (two Feds) are considering making an offer on a home in D.C. with a closing date of mid October.  Our lender says we're very well qualified, and we would have a good amount of cash reserves after closing (more than a years worth of mortgage payments).  To be competitive our realtor says we need to waive all contingencies, and I have no doubt this is the case.  There were two nearly identical homes in the area we're looking at that sold for 300-400k over asking.  We've also lost out on multiple homes over the summer.  Is there a possibility that a government shutdown on 1 October would prevent us from closing, and that we'd lose our EMD?  If so, why might that be the case?  Because we may not be getting paid, or is there some other reason I may not be aware of?  It's so hard to predict whether a government shutdown will happen nowadays, but it appears one is possible: https://www.washingtonpost.com/us-policy/2021/09/20/congress-shutdown-debt-ceiling-biden/

How are other Feds in the market for a home handling this issue?  Or is this not something we should be concerned about?[/quote]

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