In spite of the fact I sat in front of multiple monitors all day long this got past me. I even wrote an hour ago that it did NOT pass but thanks to some good friends and one alert AP reporter here you go.
If your short sale or other closing was held up because the borrower didn't have all the documentation or had some income verification issues - you now have until September 30th to close.
Sheesh - can I get rid of this dizziness now?
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19 Comments
on My daily boo boo - Tax Credit HAS been extended
JUN
30
2010
Woo Hoo... Although it doesnt help all it helps some.
Ken, I am not sure that we have the final word yet. The Senate record does not record the vote, not that I found. Despite the press release from Senator Reid.
Richard I dunno - I watched them sign off at 9:40PM ... I watched the opening gavel at 9:30AM - I admit I did go to the bathroom a couple of times and I barely saw Reid. I never heard them read the vote and I only saw two roll calls - both of the ones recorded on Thomas.
I hope it did. I am just practical here. I have a client who is in this position. Short sale, everythhing is approved, but the closing is not until some time in July.
I can't imagine sitting in front of monitors all day that would surely make me dizzy. Great news to end the day with! I thought they got it right when they gave buyers sixty days from accepted contract to close, guess not even sixty days is enough time now days with underwriters asking for everything but your first born child to get the loan approved.
Jon I'm thinking it's trustworthy. I mean I can't imagine Sen Reid making that up ... his webmaster, maybe :)
It was a tough day Kira. I had customers to give attention to but my entire company was waiting on me to give them the news so I didn't want to take my eyes off.
One last link to confirm the vote for the tax credit extention. Some where it said "unanimous consent" which may mean no recorded vote on the roll - they did it on the way out the door.
Here from the Hill is an article mostly about unemployment, and a small few words on the tax credit extension.
"The Senate did agree to a separate bill to give homebuyers an extra three-months to close on a purchase that qualifies for a federal tax credit of up to $8,000. "
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Woo Hoo... Although it doesnt help all it helps some.