Tampa Bay Real Estate Blog

One of the provisions of the New Housing Bail Out Bill is the removal of Seller Assisted Down Payments.  Why they would make this a provision of this bill is beyond me, but they did and it was signed into Law by President Bush.  These are some of the things that President Bush had issue with and why he threatened to veto, but caved in at the last minute.

This may slow down the Tampa Real Estate Market since many first time home buyers need additional funds due to the sometimes high closing costs associated with purchasing real estate in Tampa Bay.

These new rules don't go into effect until Oct 1 2008 so there is still time, but not much.  So if you are in the market and you are looking for a reason to jump off the fence, I would do it now!

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Team Masse services the Tampa Bay Real Estate market and the following areas: Tampa, Apollo Beach, Riverview, Ruskin, Brandon, Lithia, Valrico, Gibsonton, South Tampa, and Channelside District.  Contact us at 813-546-5222 for more assistance.