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Tax Credit Extended!!
Good news for buyers currently under contract to close before April 30 and have yet to close - there's a bit more breathing room.
It's passed!!!  As long as you have a signed sales agreement dated on or before April 30, 2010 you now have until Sept 30th to close!!!  see below newsflash from inman news:

Senate OKs new tax credit closing deadline
Backers of amendment cite backlog of 180K homebuyers
By Inman News, Wednesday, June 16, 2010.
Inman News
The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.
Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of 180,000 homebuyers nationwide, said amendment sponsor Sen. Harry Reid, D-Nev.
The amendment to HR 4213, the "American Jobs and Closing Tax Loopholes Act of 2010" -- which primarily extends unemployment insurance benefits -- was approved in a 60-37 vote Wednesday. The vote was mostly along party lines, with only four Republicans in favor and one Democrat opposed.
"While I am disappointed that more Republicans did ... more

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