Whats Up with this New Housing Bill - Not as Good as I thought

Ok, I am definitely for Government making sure people keep their homes, it is the American Dream.  But what's with this removal of the Seller Assisted Down Payment.  So according to this "Bail Out" Bill that the President just signed into law, as of Oct 1 2008, Seller Assisted Down Payments will no longer be allowed...Whats Up with That!  As I stated in the first line, the American dream apparently comes at a price.  So if you first time home buyers out there need a little extra cash to buy that home in the Tampa Real Estate Market, and most of you will need something due to high overall closing costs, you are out of luck.  The government wants you to come up with all the money yourself, no gifts, no seller assistance, no nothing.  This is how I understand this Bill.

Again, all of this does not go into effect until Oct 1 2008, so if you are a first time home buyer, looking in the Tampa Bay area, now is the time to get off the fence and buy before the door closes behind you!

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