8 Tips for Buyers Trying for the Tax Credit

I know this blog is really focusing on this tax credit but for the people interested in it, TIME IS OF THE ESSENCE! I am posting a link to a site with 8 suggestions for potential buyers. Of particular interest is the last suggestion to avoid foreclosed homes and short sales. A short sale is a home where the owner owes more for the property than the house is worth. The owner will need to negotiate with the bank to see if they will accept less for the loan payoff. Short sales are not easy to do and can take a lot of time to get done which is why you should probably avoid this type of home if you expect to receive the tax credit. Here is the link:http://rismedia.com/2010-03-27/8-tips-to-take-advantage-of-the-home-buyer-tax-credit-before-time-runs-out/

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