Could the report from Realtor.org be true??
"News reports that the federal government is backing away from its plan to permit eligible borrowers to monetize the first-time homebuyer tax credit are off the mark", a spokesperson for the U.S. Department of Housing and Urban Development recently said.
Although we are all hesitant to jump on the Realtor.org bandwagon shouting from the rooftops it is appreciated that NAR is keeping us in the loop! It looks like the talks are not dead on coming up with a program. Lets just hope that can roll it out before the deadline to purchase.
http://www.realtor.org/rmodaily.nsf/pages/News2009052207?OpenDocument
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