Stabilization?
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1_pyNFw6mbg&pos=5
"President Barack Obama on Nov. 6 signed into law the first major expansion of February’s stimulus plan, pushing the deadline for first-time buyers to close on a transaction out to April 30 from Nov. 30. The credit is worth of up to $8,000. The measure also added buyers who have owned a home for at least five years, making them eligible for a credit of up to $6,500."
Its truly a race to the bottom.
Whats next? $5,000 tax credit if you qualify for a loan modification? $4,000 if they actually foreclose on you? $3,000 if you stop paying your mortgage all together?
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