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Homebuyer Tax Credit – The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 ...
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There will be a change in the FHA guidelines: The government is lowering the price limitations in Orange and Dutchess counties in New York from $443,000 to $356,500. This will take effect on January 1st, 2009.
How does this affect you as a buyer? This means you will have to push to get your loan closed by December 31st, 2008 or you will NOT ...
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