Old House New House Living

Update on Extension to Homebuyer Tax Credit Closing Date
June 30th, 2010 8:10 AM

Here is the most recent update regarding the Homebuyer Tax Credit and possible extension of the June 30th Closing Deadline.

 What has happened

The United States House of Representatives passed today (June 29) HR 5623 – the Homebuyer Assistance and Improvement Act of 2010 – by a vote of 409-5.

 The bill would extend the deadline for closing tax-credit-eligible transactions from June 30 to September 30, 2010.

 What’s next

The National Association of REALTORSâ (NAR) has worked vigorously to get the Closing Deadline extended.

 With this victory in the House, the bill now moves to the Senate where the outcome is much less certain.  It may or may not happen.

 The best advice still is to proceed with any pending transactions as if the June 30, 2010 closing date will remain final and binding.

 

Posted by Pamela Porter on June 30th, 2010 8:10 AMPost a Comment (0)

Subscribe to this blog
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Re/Max Preferred Group 3522 Erie Avenue Cincinnati, OH 45208
Phone: Cell: Fax:

Preferred Lenders | ADDI Program | Downpayment Assistance | Partners In Charity | Nehemiah Buyers Progam | Genesis Foundation | Cincinnati News | Lowe's | Search MLS | HGTV Ideas | Avoid Foreclosure | Zip Code Map | Ohio Housing Finance Agency | Cincinnati Buyers | Cincinnati Sellers | Home | My Blog

Copyright © 2010 Re/Max Preferred Group
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.