
Posted Fri Aug 07 11:21AM
The $8,000 first time home buyer tax credit is available for escrows that
close before December 1, 2009, with the abundance of short sales
and bank-owned properties on the market, please be aware that
transactions do not always close on time. This means that although
sometime in October is a good time to place an offer, it is no guarantee.
Good advice is to place that offer by September to be safe. More
homes are expected to hit the market in September and October.
Below is an article that briefly reviews investing in bank-owned and
short sale properties: