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down payment: HUD withdraws option to use $8000 tax credit as down payment... at least for now - 05/19/09 12:07 PM
There's been a lot of buzz in the real estate and mortgage industries about FHA allowing home buyers to use the $8000 tax credit as a down-payment.  However, in this case the government giveth and the government taketh away!
Tuesday May 12, 2009, in an address to several thousand REALTORS® gathered at "The Real Estate Summit: Advancing the U.S. Economy," at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, DC, HUD Secretary Shaun Donovan said that FHA was going to enable home buyers to access the $8,000 tax credit at closing, so the funds can be used as a down payment.  This was to … (0 comments)

 
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Cheryl Powell- SFR,ABR,Broker,Realtor- Remax Executive - Concord NC Real Estate

Concord, NC

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RE/MAX Executive - The Powell Team

Address: 7752 Gateway Lane, Suite 204, Concord, NC , 28027

Office Phone: (704) 979-7028

Cell Phone: (704) 363-8902

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I provide professional real estate services to Buyers and Sellers in Greater Charlotte NC, including Concord, Harrisburg, Kannapolis, Mooresville, North Charlotte, Salisbury & their surrounding areas. My specialties include: Resale Homes & New Construction - Relocation - 1st Time Buyer Programs - Investments - Foreclosures - Short Sales. I have the experience, knowledge and dedication that it takes to get the best results. Contact me anytime to discuss your real estate needs! ActiveRain Real Estate Social Network


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