$8,000 Tax Credit Clarified

A lot ot people have emailed me asking which states were participating in the "$8000 first-time homebuyer tax monetization" program. Well, in accordance with ML09-15, here's the deal so far:

Government entities and instrumentalities of government may provide a second mortgage. Currently, as far as we know, 10 state housing finance agencies offer a product buyers can use that will effectively monetize the tax credit for down payment purposes. These states are Colorado, Delaware, Idaho, Kentucky, Missouri, New Jersey, New Me xico, Ohio, Pennsylvania, and Tennessee.

I will continue to bring you updates as things progress, as there will certainly be more states joining that list.