State workers: Call your lender

Posted at 9:51 AM on July 1, 2011 by Paul Tosto (0 Comments)

Alex Stenback is a Twin Cities mortgage banker who does a lot of work in local media. He has a post up on his site today with some good advice: If you're a state employee who's lost her job, even temporarily, in the shutdown, call your lender and explain the situation.

"We are fielding lots of calls and emails about whether this will negatively impact real estate closings, and especially, loan approvals for those who have been laid off as a result of the shutdown," Stenback writes on his blog.

"Bottom Line." he writes, "If you are a state employee, or employed by a private company that may lay you off as a result of the government shutdown, check with your lender."


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