If you have owned a house for 5 years you can buy another one and be entitled to a tax credit of $6500.00 according to the Senate bill which passed 98-0 vote. It will be merged with a House bill and move forward to the President to sign. I think they are really on the right path now... Here is a press release that tells more.
http://news.yahoo.com/s/ap/us_homebuyers_tax_credit
Well, it is a good news for us in this moment.....
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