I am remarried now for 9 years and my husband and I have a son who is 7. We worked hard on rebuilding my credit from a horrible divorce 12 years ago. We finally were eligible to buy our first home! We closed on Dec. 11 2008. I will forever remember that date like I remember my own children's birthdays! But now we don't qualify for the 1st time homebuyers tax credit, nor do we qualify for the 6,500 tax credit for existing homeowners because you have had to live in the home for 5 years! Now there is a silver lining because we did qualify for the 7,500 interest free loan, but we have to pay it back of course which is better than nothing I suppose.

Man, that sucks. We want to buy a house, but my husband's income isn't high enough. Never mind that we pay more in rent than the house payment, insurance and property taxes would be combined. Hopefully we can pull it off before the credit runs out.

- we closed on Nov 28, 2008, so we definitely feel your pain.