Homebuyer tax credit extended again

4 07 2010

President Obama signed a law to extend the closing date for three extra months.  Homebuyers who went under contract before April 30th, 2010 now have until September 30th to close and receive the tax credit.  The National Association of Realtors (NAR) has estimated 180,000 homebuyers would have missed the tax credit, as many banks have struggled with the extra volume of business.  This is great news for homebuyers who wrote contracts involving bank-owned properties, as these can take extra weeks or months to complete.

For the full article from Reuters, click HERE.

If you have struggled to close, please reach out to me.  My company specializes in 20 day closings for well-qualified customers.

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