Tax Credit Extension Bill goes to Obama to sign

This is good news for those that were unable to close by the June 30th deadline due to the tremendous backlog of loans with lenders. My advice to those not yet closed on their loans is do not get complacent now that the deadline is extended until September 30th. Stay on top of your lender and push for a closing to be assured the benefit of this credit. After all, many buyers went to contract the last few weeks of April  based on this incentive. The government offered it to bolster the real estate market. Lets make them pay up on their offer.

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