$8000 Tax credit and seasoning question

[Daryl A.]

Hey All,
Few questions..
Does anyone know if they are going to extend the date for the 8K tax credit for first time home buyers?
If not, is there a way people can still get it if they close after Nov 30 but before Dec 31?

Are there loans out there that do not require 90 days for the seller to own the house before he can sell it?
If so, what are they?

Reason I'm asking is I have a couple buyers who will be using conventional loans. I intend to buy, fix, and then resell the property to them cheap. They also want there 8k tax credit. I want to help them out and make a good profit.

-Daryl

[Matt Mathews]

unless the NAR(national association of Realtors), the Home builder's council pad a few pockets in Washington, I don't think it will get extended. It's already cost twice what was projected. Tax payers are out about $45K per home sold. The Gov. facts show that the majority of buyers in the market would have bought anyway without the Tax Credit. Bottom line is; the program didn't do what it was suppose to do and cost you and me about $15Billion dollars. Let it die!