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...the package offers huge tax breaks for homebuilders, a $7,000 tax credit to those buying foreclosed properties, and $4 billion in grants for communities to buy and fix up abandoned homes.
Originally posted by Reality Hurts
Very misleading thread title.
Its a small credit. Its not free housing. There is a BIG difference.
This is needlessly sensationalist.
Originally posted by amatrine
One more thought, you can not buy a house that is forclosed with FHA because they are "as is" houses.
So at least with using FHA , you still can not buy a forclosed home and get the 7,000 credit.