Lifestyle...Second Opportunity, First-Time Home Buyers

Repost -By Steve McLinden,
First, the bad: The stimulus-related first-time homebuyers program, which gave home purchasers up to an $8,000 Internal Revenue Service tax credit, provided they stay in the home for at least three years, expired Sept. 30. That program has not been extended and nothing similar is planned at the federal level thus far for 2011 or 2012 due to budget constraints, despite the nation's housing woes.

Now, the good: Depending upon the city or state in which you reside, there's an assortment of down payment assistance programs available out there and they typically only ask that participants not have owned a home within the past three years.

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