First of all, it's a tax credit, not cash. So the buyer has to file a tax return to get his money. So he does not have the eight grand, regardless of what the seller told you.
What has happened is the tax credit, which was supposed to expire at the end of the year, has been extended through April next year. So there is no big rush to close before the end of the year. In fact, as long as the contract is signed by April, they have until June to close.
I am perplexed by your post. Assuming that you're not a troll, it sounds like you are an attorney or at least some sort of professional in the real estate or title business. I cannot understand how you can make a living at your chosen profession while you are apparently ignorant of the laws that regulate your business.
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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