Will FHA announcement of use of $8,000 tax credit for down payment finallypush buyers off the fence?

Just wanted to start a discussion and get some opinions on this.  For those who haven't heard yet.  At a conference earlier this week the secretary of HUD announced that they have come up with a way that qualified buyers can use the $8,000 first-time homebuyer credit as a down payment.  Do you think this will finally push the fencesitters off?
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May 13 2009 - Providence
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I sure hope this will,it will help many first time buyers.
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May 13 2009
I have inquired with a couple of lender about just that. Even though it is ok to use the stimulus for down payment money, no one knows how that money is going get on the HUD. The lenders I have spoken to said that unless the lender is willing to put the money up themselves they are confused as to how to get it done.  I would like to know if any of you have been able to accomplish this and who you used.
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July 08 2009
If they can figure out how to do this there will be a huge wave of purchases. I belive the buyer should have some skin in the game so giving people money to buy a house is very risky in my opinion. This can work well or make things worse depending on the quality of the buyers. The last thing we need is a rubber stamp approval for marginal buyers.
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July 08 2009
 
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