Tax Credit Extension Approved
Thursday, July 1, 2010
Congress Passes Tax Credit Closing Extension
Congress passed an extension of the closing deadline for the Homebuyer Tax Credit, the Homebuyer Assistance and Improvement Act (H.R. 5623).
This extension applies only to transactions that have ratified contracts in place as of April 30, 2010, that have not yet closed. The legislation is designed to create a seamless extension; the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
Contact our office for further details and as always you can get new listing update reports at www.shelterquest1.com
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