Greetings All,
It's important to note that in order to take advantage of the first time home buyer tax credit of $8000 that one must have closed on a property before the rapidly approaching deadline of December 1, 2009. With the advent of HVCC regulations transactions are typically taking up to 2 months to get to the closing table. This means you should identify a home for purchase very early in September. One important note is that the HVCC regulations do not apply to FHA transactions and can potentially be closed quicker than conventional loans. We have been FHA approved for 20+ years and can provide competent report delivery when needed.
Good Luck!
Michael Beaumont
President
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