Yes, the Senate has moved the tax credit extension on to the next steps allowing borrowers until September 30th to get financing on their sales contracts they got before the April 30th date. If anyone has already closed though, they can go to the direct links at Tax Forms to print them out and follow the instructions to get your tax credit. Below is a good article explaining what is taking place, hope this helps! 
Just wanted to highlight this part of the article though:
“Reid, D-Nev., added the proposal to a bill extending jobless benefits through the end of November. Nevada has the nation’s highest foreclosure rate, and Reid is facing a tough re-election campaign.
The Realtors group has been pushing hard in Congress for the extension. Mortgage lenders, the trade group says, have been swamped with borrowers trying to get approved by the end of the month. Many potential borrowers are unlikely to make the deadline.
“If Congress fails to act promptly, then prospective homebuyers might not get the benefit of the homebuyer tax credit, even though they have completed contracts,” the Realtors said a a letter to lawmakers.
Here is the full article:
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According to this article I found below from cbsnews.com 1 in 4 people with mortgages are underwater. So that means they owe more then what the house is worth. Should people be worried…..I say no! If you call your house a home and plan on living there for some time, then you have nothing to worry about as long as you are in a home you love and able to afford the payment each month. If you are in a house that you needed to sell now or in 3 to 5 years from now……yes this might be an issue for you. Hope this article you find helpful
Click here for full article.
