Foreclosures.....its a good time to buy!

Looks like uncle sam is going to make it very enticing to buy houses...here is one of the provisions from the recently agreed upon bill coming out of the senate to help the housing market:

 

Among the provisions on which both sides quickly agreed was a $7,000 tax credit for people who purchase foreclosed properties, Senate aides said.

Very interesting.  I am sure most of us could use a nice credit like that.  Don't forget, a credit comes right of the top of your tax bill, before any deductions or stuff like that.  Let's hope this bill gets pushed thru.