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In February 2009, Fannie Mae approved investors to finance more than 4 properties at a time. Two years later, though, finding a bank that'll do make that loan is tough. You have to search more directly.
If you're planning to claim use the credit and haven't started looking for a home, your clock is officially ticking. You must be closed on your new home on or before December 1.Because purchase closings come 60-days standard, therefore, your $8,000 is in jeopardy unless you go under contract prior to October 2, 2009. That's 73 days from now.Use it or lose it, as they say.
