First Time Home Buyer's Rebate

By
Real Estate Broker/Owner with Long & Foster Realtors

Will the government extend the rebate?  Has it made a difference?  Is there any abuse that is occuring as a result of the rebate? 

Do you feel the rebate will increase the number of future foreclosures as homebuyers go out on a limb to buy now and get the rebate?  Or will the funds help buyers make future mortgage payments? 

Should the rebate be conditioned on homebuyers staying current on the loan?  Could the rebate be payed out over an extended period?  What do you think?

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