Wednesday, June 30, 2010

Tax Credit Closing Extension Passes Senate

Congress acted at the 11th hour today by signing and sending to the President a bill which would extend the closing deadline for the First Time Home Buyer Tax Credit from 6/30/10 to 9/30/10. It is expected that President Barack Obama will sign the bill, thus giving an estimated 180,000 home buyers the benefit of the credit they otherwise would not have have received due to delays in settlement.

See full story here.