Coldwell Banker Premier Realty

Extended Deadline for Tax Credit Closing


For homes under contract before April 30
Posted: June 17, 2010 by John McClelland

A lot of folks went under contract on homes before April 30th hoping to close by June 30 in order to get the tax credit. Many of these homes will not close by June 30 due largely to a backlog by lenders. The senate has extended the closing deadline to September 30. The house has passed their version of the bill in December and the differences in the two bills will have to be fixed before it becomes law.


Source: http://www.inman.com/news/2010/06/16/senate-oks-new-tax-credit-closing-deadline

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