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To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as "first time" buyer.

Many may look at the tax credit as a discount on the home price, . A $100,000 purchase effectively becomes a $92,000 one.

Recipients could also use the money to buy new stuff for their home - a lawnmower, a rug, a sofa - and, in that way, help stimulate the economy..

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