Family facing mortgage dilemma due to shutdown

6:11 PM, Oct 14, 2013   |    comments
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CDC Headquarters (Courtesy CDC)

SMYRNA, Ga. -- The domino effect of the government shutdown is hitting one couple Metro Atlanta, hard. And for one Smyrna family, it could mean being without a place to live.

Brian and Erin Sizemore have been with the CDC for almost a decade. They are now furloughed. The two were about to close on their new home and complete the sale on their current home this week.


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But the Bank said no job, no income, and no mortgage closing.

"Currently all of our possessions are in a storage unit in the front yard and we are prepared to be homeless," said Brian Sizemore.

The Sizemore's were set to close on their new home last Thursday but their lender Regions Bank put on the brakes.

"Regions Mortgage has been telling us that because of the furlough and because we are not currently employed nor being paid we cannot close on the loan," Erin Sizemore said.

Faced with this dilemma across the country, both Freddie Mac and Fanny Mae have relaxed the lending guidelines, allowing mortgage closings to take place with furloughed federal employees without verbal income verification.

But Regions Bank stood firm. No job, no closing.

"This might be the most frustrating 2 weeks of my whole life," Brian added.

"We've been essentially out of our offices. We are not supposed to be thinking about work. It's very frustrating. We spend a lot of time and energy getting educated to do these jobs and we cannot do them," Erin said.

We set out to get the mortgage closed and the Sizemore's into their new home quickly.

But one glitch.  Monday was a bank holiday.

We reached out to the Bank's top executives on their day off, and despite the Bank being closed, they quickly responded.

The closing will take place within the next few days. For the Sizemore's, no jobs yet, but a home to move into before the end of the week.

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