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HUD Giveth and HUD Taketh Away The $8000 First Time Home Buyer Credit for a Downpayment

The $8000 first time home buyer credit cannot be used towards a buyer’s downpayment.  It’s dead on arrival.  After much fanfare last month and at the “gentle” urging of the IRS,  HUD re-evaluated the potential addition to the first time home buyer program and decided against using the tax credit towards a first time buyer’s…Read More »

The "New and Improved" Appraisal System is New, But Not Improved

I’m having a bad real estate day because of an appraisal and I was just about to rip my hair out until I read Kris Berg’s excellent piece which did make me laugh about the “fun” we are having with appraisals these days.  Kris has a great way of getting serious issues across to her…Read More »


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