Tax Credit Deadline Extended

This week the Senate passed a bill that extends the closing date for the tax credit program to September 30th, 2010.

This bill will only help buyers that already signed their contract by April 30th. The tax credit program was such a popular program, more time was needed to close all the transactions.

THE NATIONAL ASSOCIATION OF REALTORS® requested this extension that will help around a hundred eighty thousand buyers. The House still needs to approve this bill before it goes into effect.

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