Tax Credit Extension To September 30th……President To Sign 0
Finally, after the long journey, home buyers that had a sales contract signed by April 30th now have until September 30th to close on their transaction. It came down to the wire as this was an amendment on HR 4213 “The Unemployment Bill”, then after a couple of political maneuvers had separate bills created for just unemployment benefits extension and tax credit extension. Last night looks like the Senate did a unanimous vote to send this bill to the presidents desk for signing into law before going on break until July 12th. The unemployment bill however got tabled and nothing will happen on that until the Senate comes back.
So, now everyone who still has a signed sales contract before April 30th, I would suggest getting your deals closed before September 30th! Hope this helps, and below is another article from the Wall Street Journal.
