First Time Buyer’s Closing Deadline Extended

Here’s some great news if you’re one of the folks who’ve been trying to buy a home under the First Time Buyer’s Tax Credit that expired April 30th.

Congress has passed a bill extending the June 30th closing deadline to September 30, 2010. This extension applies for Sales Contracts that were in place as of April 30th, but that had not yet closed. This has affected a lot of people trying to buy, especially folks involved in Short Sales (which take longer, since Lender approval is required).

So, perhaps being patient and waiting for your sale to go through will pay off, after all!

David

About David Black

Colleen and David Black love what they do, and that's helping people who want to buy or sell homes in the Birmingham and Shelby Co. area achieve their dreams...

Posted on July 1, 2010, in Real Estate and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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