Sorry to all of the A2A fans this am. We thought that this morning was going to be the "big announcement". Sadly, the glitch we learned about on Monday is still being resolved...but it will be resolved soon.
In a nutshell, FHA lawyers are concerned their customers might be able to accept the "tax credit loan" and be consistent with FHA rules.
We pointed out to them that their legal opinion was based on the rules for the '07 Tax Credit (in which you had to pay it back) and the '08 Tax credit (that you don't).
There's a conference call later today to clear up this point.
BTW - NAR has said that our grant request looks good.
Thursday, March 19, 2009
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