Finally!
Good news for all the home buyers (and sellers) who’ve been caught in the limbo of a short sale, yet have a
CONTRACT PENDING
On June 30th, the Senate extended the tax credit closing deadline to September 30, after prior passage by the House. The bill was signed by the President on Friday, July 2nd.
The passage of H.R. 5623, the Homebuyer Assistance and Improvement Act, applies the homebuyer tax credit closing deadline extension only to homebuyers who have ratified contracts in place as of April 30, 2010, but could not close before June 30. The legislation is designed to create a seamless extension of the new closing deadline for eligible transactions to September 30. There will be no gap between June 30 and the date the president signs the bill into law.
More information about the Homebuyer Tax Credit Extension:
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