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Unless you’ve been under a real estate rock, you’ve heard about the first time home buyers credit that’s about to expire. Unless that rock is under a larger rock, you’ve also heard about the $700 Billion dollar bank bailout (TARP).
What gets much less press is the Term Asset-Backed Loan Facility (TALF) which will cost the Fed (and us) $1.3 TRILLION. Does that affect real estate? You bet what you can afford it does!
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