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Originally Posted by zxed  .. i thought the law was modified so that the loan no longer had to be paid back?
whats lame about this tax credit is that it doesnt account for the buyers who purhased homes at the PEAK back in 2006 (such as i), and have seen my $500k property value fall dwn to $330k current  |
THat is what I want to know. I would bet no, since the intent was get people to buy homes. Those of us who took advantage may be stuck. I read it only retroactively applies starting Jan 1. I would really like to not have to pay that back.
