Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

The 2008 $7,500, repayable credit is increased to $8,000 and the repayment feature is ELIMINATED for 2009 purchases. Any home that is purchased for $80,000 or more qualifies for the full $8,000 amount. If the property (house) costs less than $80,000, the credit will be 10 percent of the cost. Thus, if an individual purchased a home for $75,000, the credit would be $7,500. It is available for the purchase of a principal residence on or after Jan, 1, 2009, and before December 1, 2009.

Only first time buyers are eligible.... A person is considered a first time buyer if he or she has not had any ownership intrest in a home in the three years previous to the day of the 2009 purchase.

for additional information visit:

www.garealtor.com