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home buyer tax credit: Senators Propose Extension of Closing Date Deadline for Homebuyer Tax Credit - 06/11/10 01:09 PM
There is a movement in the Senate by Senators Harry Reid of Navada, Johnny Isaakson of Georgia and Chris Dodd of Connecticut  to extend transaction closing date deadlines for buyers trying to take advantage of the home buyer tax credit. The proposed change would only be applicable to existing transactions that will not close by the current June 30, 2010 deadline. This ammendment would help buyers that have contracts on short sales or REO's that are still waiting for bank approval.
The proposed ammendment would extend the deadline for transaction closing date to September 30, 2010. 
An article posted yesterday on CNBC http://www.cnbc.com/id/37622791 as … (4 comments)

home buyer tax credit: The Home Buyer Tax Credit Deadlines are April 30th and June 30th. Information you need to know. - 03/23/10 04:02 PM
The initial home buyer tax credit deadline is April 30th.   
Does that mean you have to have closed a home purchase by April 30th? No. What it means is that you have to have a signed, mutually agreed upon contract to purchase a home by April 30th and the home sale transaction must close by June 30th in order to qualify for the tax credit.
Does this mean you have time to wait? No. If you are thinking of buying a home you should be shopping now. It takes time to find the right home and it can often take time to negotiate … (4 comments)

 
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