As I mentioned in an earlier post, the use of the first time buyer tax credit toward BUYING A HOME,  is a work in progress.

A very knowledgeable loan originator, Jeff Belonger in Cherry Hill NJ just posted a very good explaination of the rules as they are today. Rather than re-invent the wheel, see Jeff''s post here.

Why does an agent in Sun City worry about first time buyers?  Because I also serve the family communities of Glendale, Peoria and Suprise AZ. All of these communities have excellent opportunities for the first  time buyer to own their own family home.

Jim Little, your Sun City Neighborhood REALTOR®