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HUD Reverses Decision on $8000 Tax Credit Used as Down Payment

By
Mortgage and Lending with Guild Mortgage Company

HUD reverses direction in allowing First-time Buyers to use $8000 tax credit as source of their down-payment.  Now if we can only get them to forgive the $7500 repayment of the 2008 Tax Credit for those who purchased last year, then real progress will be begin.