Home Buyer Tax Credit May Be Extended

Breaking News:
Yesterday, the Senate approved a proposal to extend the closing deadline on the home buyer tax credit. Under the proposal, those buyer's who's contracts are eligible to receive the credit, meaning they were in contract by APril 30th, 2010, would have more time to close on their new homes. The current deadline is June 30th, which many buyer's, attorney's and mortgage companies are struggling to close on this date. The extension would give them until September 30th; plenty of time to close even for FHA buyers.

Stay tuned as we expect final word next week!