# I found a short sale but discovered there are past due bills – who is responsible? Several homes that are bank owned or short sale have past due Home Owner Association dues, water and /or sewer bills and so on. The answer is not as simple as you would think. It depends on how you write your offer and how much research you and or your agent do.
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There is a lot of information circulating about the First Time Home Buyer Tax Credit of up to $8,000 that is included in the Stimulus Bill, including using it for down payment. First of all, at the present moment in time, it cannot be used for the down payment, even though the Secretary of Housing and Urban Development, Shaun Donovan, said it would be available in a recent speech to the National Association of REALTORS®.
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