Articles about when to buy a foreclosure or real estate property

• Timeframe: Must purchase a home (close and receive title) on or after January 1, 2009 and before December 1, 2009.
• Down payment or closing costs -- Qualifying buyers can use these funds upfront as a down payment or for closing costs.
• FHA-approved lenders, only -- At this time, only FHA-approved loans are required if tax credit is used as a down payment.
• Need 3.5% upfront -- While the $8,000 tax credit can be used for the down payment or closing costs, home buyers must still come up with FHA's required 3.5% down payment on their own.