This article holds some very good tips for 1st time home buyers. One of the things I've been running into lately, is that there are some homes in a short sale situation that are a really good deals. Unfortunatly, depending on where the sellers are in the process, there is a good chance that despite your best efforts the bank will take too long to get their ducks in a row and you will miss out on the tax credit. The banks are overwhelmed and it isn't unusual to submit an offer and have to wait 60-120 days or longer to hear if the bank will accept the offer.
Click here to read REALTOR® Magazine-Daily News-How to Beat the Tax Credit Deadline
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