Tax credit extension & Expansion

Real Estate Broker/Owner with Jim Slaughter, REALTORS

My local paper has a big article on the Senate passing the bill and sending it on to the house and then President.  It extends first time buyer credit through 30 April (for contract) and 30 June close.  It also expands to have up to $6500 credit for present homeowners who have owned the home for 5 years.  We will have to wait to see if it holds form through the house and president.  At least the First time buyer was extended pretty much as is it seems.

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