The Home Buyer Tax Credit closing deadline extension was signed by President Barack Obama over the weekend, according to Market Watch.
The extension will allow qualified home buyers, that have approved contracts in place as of April 30, 2010, a three-month extension. The extension would allow buyers to close their deals by Sept. 30 and receive the tax credit.
The extension passed the house on Tuesday and the Senate on Wednesday of last week.
The National Association of Realtors® estimates that nearly 180,000 eligible home buyers can take advantage of the credit with the extention that would have otherwise missed out.
Categories: Real Estate News