Senate Extends Tax Credit Closing Deadline

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The U.S. Senate voted Wednesday to extend the home buyer tax credit closing deadline to Sept. 30, giving an estimated 180,000 buyers who met the contract deadline of April 30 extra time to close the transaction.
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June 17 2010 - Gretna
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Profile picture for MikeEmery
According to the industry, there are 75,000 Americans who will lose out on on the tax credit because of the inability of either their lenders or title companies being able to close by the June 30th deadline. I was previously against the extension, but clearly there is a need for the extension.

Let's hope the House signs similar legislation and the President signs off on the bill.
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June 17 2010
 
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DiscussionSenate Extends Tax Credit Closing Deadline
  • Last reply by Michael Emery
  • June 17 2010
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