Good news for home buyers and sellers in Louisville Kentucky and the rest of the US. Congress has now passed an extension of the Homebuyer Tax Credit closing deadline. The extension applies only to transactions that have valid ratified contracts as of April 30, 2010 which have not yet closed. The legislation creates a seamless extension so that there will be no gap between the old June 30th, 2010 deadline and the new September 30th, 2010 deadline.
In addition, the Federal Senate recently passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5669) which retroactively extends the program until September 30, 2010.