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The New Home Owner Credit Under the Worker, Home Ownership and Business Assistance Act of 2009

The weakened state of the U.S. economy has necessitated many actions by Congress. Prognosticators would argue that some of these actions are improper or unreasonable subsidies in various circumstances. Be that as it may, the anemic homebuilding market, and home sales market in general, coupled with residential defaults that have proliferated throughout the United States, have generated a desire by those in Congress, along with the President, to provide some stimulus to the home ownership position. Continue reading »

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