Home Buyer Tax Credit to be Extended and Expanded!......Maybe

Home Buyer Tax Credit to be Extended and Expanded!.....Maybe

It looks like we could know today if the tax credit will be extended and expanded.  This seems to be a move in the right direction for the home buyers that did not find a home within the allotted time to close by November 30th, 2009. 

The new bill expands the tax credit to include home buyers who have owned a home for 5 years but they are eligible for $6500. 

The Senate passed a cloture motion to end debate by a vote of 85-2.  The bill will extend and expand the tax credit until April 30, 2010. This bill is likely to find it's way to floor votes in both Senate and the House by the end of today.

So buyers, you better get hopping and get looking again.  You do not want to miss the party this time!

Stay tuned, I will update the situation as it unfolds.

Contact Ann Hayden to get started today!

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