will be elegible for the tax credit.. In fact he will be ammending this years tax filing, so he can then re-pay his grandma for the downpayment... Just remember on very important thing..
Your home must be closed by November 30.
If you are looking at short sales, be wary unless they are bank approved.. You have no control when the
bank can approve it, and most take at least 90-to 120 days..