If you are going to take advantage of this tax credit, you will need to close on your purchase by 12/1/2009. Please remember that finding a home, getting the contract ratified, and obtaining loan approval will take about 45-60 days. In order to meet the deadline, you should start looking before the end of September.
For more info: http://www.federalhousingtaxcredit.com/2009/index.html
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