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Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed.
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On Tuesday, the U.S. House of Representatives passed HR 5623, the Homebuyer Assistance and Improvement Act of 2010, by a vote of 409-5, according to John DiBiase, NAR’s government affairs communications director.
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Thinking about cutting corners to get your client "under contract" before April 30? Don't do it.
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Thursday, Feb. 9, 2012
