zero down loans a possibility again in some states because advance on $8000 tax credit

Just when you thought stupid lending standards had disappeared,  the government is bring back the ability to buy a home with zero down, so that people who have no ability to save can get the money they need for a 3.5% downpayment FHA loan.

 

http://money.cnn.com/2009/05/29/real_estate/tax_credit_as_downpayment/index.htm?section=money_topstories

 

How sad!!!

 

 

Sunil

 

Check out my new Foreclosure Search engine