Tax credit extension approved | Real Estate On Tap by Jason Kapit

Tax credit extension approved!!!!

July 2nd, 2010 by Andres Munoz
Categories: Buyers, Headlines, Hot Topics, Mortgage Mix

90 Day Reprieve

We’ve passed the June 30 deadline for extending the tax credit deadline, but finally the U.S. Congress approved a bill extending the closing deadline for home buyers trying to take advantage of tax credits ($8k for first timers and $6,500 for primary residences).

Must Have Been Under Contract By April 30, 2010

Home buyers with contracts signed by April 30 who failed to go to closing by the June 30 deadline will now have until September 30 to complete their purchases, assuming that the President signs it.

Tags: Cash Buyers, First Time Homebuyers, Tax-Credit

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