san diego home buyer tax credit extension: Tax Credit Extended-You Mean I Can Buy a Home Today and Get the Credit?
- 07/01/10 06:43 PM
Tax Credit Extended. You Mean I Can Buy a San Diego Home Today and Get the Credit? Unfortunately, no. The Federal tax credit extension is not meant for buyers who find a home today and want to buy it. You had to have a home purchase under contract by April 30th in order to potentially benefit from the extension. The extension ONLY applies to buyers who had a signed contract by April 30, but were unable to close escrow by the June 30 deadline. This has happened mainly because of delays with banks approving short sale transactions, which can take substantially more time (5 comments)