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House Passes Extension of Tax Credit Closing deadline

By
Mortgage and Lending with The Legacy Group

Great news House Passed the extension of the Home buyers Tax Credit today.

By a margin of 409-5, the House of Representatives today passed a bill (H.R. 5623) that would extend the closing date for the first time homebuyer tax credits by three months to September 30, 2010. The Senate could vote on the bill as early as tomorrow.

Comments (4)

Kristen Wheatley
Better Homes & Gardens | The Masiello Group - Brunswick, ME
Supporting Success - Best Job in the World!

fingers crossed!

Jun 29, 2010 11:59 AM
Randy Benefield
Trademark Property Services & Real Estate Inc., CalBRE, 01976861, 01442405 - Petaluma, CA

Great News! That really should help the real estate market for the rest of the year hopefully.

Jun 29, 2010 12:06 PM
Dan Chapman
The Legacy Group - Santa Clarita, CA
Dan Chapman Mortgage Pro

hopefully the senate doesn't take as long as the house did.

Jun 29, 2010 12:44 PM
Rodney Mason, VP of Mtg Lending
Guaranteed Rate NMLS# 2611 - Atlanta, GA
AL,AR,CA,CO,FL,GA,IN,MI,MS,NC,SC,TN,TX,VA

Since the Senate previously passed a similar version, this one seems more likely to happen.  A few more hours will tell.

Jun 29, 2010 03:30 PM