Homebuyer Tax Credit Extended

Homebuyer Tax Credit Extended

It's OFFICIAL!!  They finally agreed on something and were able to do something right!

The Senate and Congress has finally sent President Obama a plan to give home buyers an extra three months to qualify for up t0 $8,000 in federal tax credits. Buyers who already have executed contracts prior to April 30th will now have until Sept. 30 to complete their purchases. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The House approved the measure on Tuesday. Legislation in the Senate was approved Wednesday night by unanimous consent. Talk about pulling a rabbit out of the hat!

Now breathe and relax and make sure that your loan gets closed by Sept. 30th.  Also check to see if your Loan Officer is licensed and bonded as it will be a requirement as of July 1st.

For more market information go to:  www.tedcanto.com



Comment balloon 4 commentsTed Canto • July 01 2010 01:51AM


I know after my last listing apt tonight I was driving home and the new was that the credit did get extended.

Posted by Tim Lorenz, 949 874-2247 (TIM LORENZ - Elite Home Sales Team) over 10 years ago

Probably there are a few agents, buyers and sellers who are breathing a sigh of relief.

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) over 10 years ago

For sure!!  I have a couple of clients that were ready to back out of their deals.. Wooo-eeeeey!!

Posted by Ted Canto, Arizonan #1 Mortgage Lender (American Mortgage Network) over 10 years ago

Ted....This is great news for those in the pipeline.  They can now take a breath and push on to closing!

cosmic cow

Posted by Carra Riley & Declan Kenyon, Helping people Transition at all ages! (Brokers Guild Cherry Creek Ltd) over 10 years ago

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