Blog Post

The Senate unveiled an amendment to the homebuyer tax credit to push back the closing deadline today. The current deadline of June 30th for the close of sale is coming up, and if this new bill goes through, the closing deadline would be extended until to September 30th. The proponents of this extension believe that it will allow the banks more time to close transactions, especially short sales. Under the current homebuyer tax credit, buyers had to have entered a contract by April 30th, and had until June 30th to close the transaction to eligible. The amendment is part of a jobs and tax bill that will be voted on next week at the soonest.

Via CNN Money

Posted 10th June 2010 by Sally Forster Jones

Labels: homebuyer tax credit June 30 deadline senate tax credit extension