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FINALLY! It's official. The President signs the tax credit extension bill

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Mortgage and Lending with Guaranteed Rate, Inc NMLS ID:108672 More Info.

President Obama signed a bill extending the homebuyer tax credit's deadline for closing sales under contract by April 30. The legislation officially extends the deadline to qualify for the tax credit from June 30 to September 30. The bill only allows buyers with signed contracts to complete the sale at the later date. The National Association of Realtors estimated nearly 180,000 buyers would've missed the deadline without the extension. More here, here, and here.

Thanks to my team's On Time Closing GUARANTEE (see details on my main AR page) none of our customers needed to worry about this extension! 

Does your lender offer an On Time Closing GUARANTEE?

Posted by

Michael Pond

Branch Manager/Loan Officer, NMLS 108672

Envoy Mortgage, NMLS 6666

704-517-2250 cell

 

Comments(3)

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Ralph Gorgoglione
Metro Life Homes - Palm Springs, CA
California and Hawaii Real Estate (310) 497-9407

I have one deal where the buyer can definitely use this.

It is a short sale that was signed off prior to April 30th in which the bank took a while to get us the written approval.

Jul 08, 2010 05:50 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I am glad to hear that those who played by the rules will get there reward.

Jul 08, 2010 06:38 PM
Michael Pond
Guaranteed Rate, Inc - Charlotte, NC
The Michael Pond Team

Glad it worked out for your buyer. 

Thank for your comments Ralph and Tim!

Jul 09, 2010 11:59 AM