Home Buyer tax credit

Here is some information that was sent ot me via email from the Nebraska Realtors Association about the extension of the closing date for the home buyer tax credit.

This is the very latest from NAR regarding Carried Interest, Flood Insurance, and extension of the closing date for the home buyer tax credit:

Good Afternoon and TGIF everyone.  Its been a very busy week in DC but the picture on "extenders" is no clearer.  

Last night, for the third time this week, the Senate failed to get the required 60 votes to end debate on the latest version of the "extenders package" which now contains not only the carried interest provisions we don't like, the flood insurance extension we needed passed 3 weeks ago, but also an extension of the closing deadline to Sept 30th for buyers seeking the homebuyer tax credit(s).   No good deed goes unpunished.

The Senate has adjourned for the week and Majority Leader Reid & Finance Chair Baucus are in talks now as to what to do next.   We are exploring a number of options of separating out provisions but there are lots of complicated moving parts and our provisions are only a couple out of hundreds now wrapped up in this bill.   Bottom line - earliest any of the above gets resolved would be early next week, but mid-to-late next week is far more likely as things would have to go back to the House, be signed by the President, etc....