How soon will we be able to use the HUD's approval on May 29, 2009 to use the $8,000 Tax credit for closing?
and other transaction costs?
Answers (2)
Kary L. Krismer is correct. There is alot of issues going on there. Keep posted using this site or I have updates on my website that may help you.
pattysproperties.com
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FIRST ANSWER
Maybe never. The IRS is holding up the state's loan program because the IRS won't allow the rebate to be paid directly to the state.
Aubrey Cohen of the P-I has been following this story closely. Here is his latest piece:
http://www.seattlepi.com/local/406684_hug29.html
BTW, I'd suggest listing agents start asking buyer's agents whether they're planning on using the credit at closing so that you don't get into deals that cannot get done.
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