federal tax credit: The Federal Tax Credit: Getting into escrow might have been the easy part! - 05/09/10 10:20 PM
There are two parts to the Federal Tax Credit for home buyers.
The first required a home to be in escrow by April 30, 2010. That might turn out to be the easy part.
The second is that the purchase has to close escrow by the end of the day on June 30, 2010. That might be the most difficult part, even if you do have 60 days.
If you haven't submitted your application to your favorite lender yet, you might run out of time to close escrow by June 30.
Many, if not all lenders, require all sorts of documentation … (6 comments)