I got this news last week while I was on vacation and I'm so excited to share it with you all! Those of you that were bummed that you missed the deadline in April now have a second chance at receiving your own tax credit for new homebuyers! If you would like more information you can call my trusted financing specialist at Metro Grand Mortgage, Mike Roman at (602) 810-8886.
After a close brush with the deadline, 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. The legislation is designed to create a seamless extension the new closing deadline for eligible transactions is now September 30, 2010. There is will be no gap between June 30 and the date the President signs the bill into law.
NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation. Extending the Tax Credit Closing deadline will help provide additional stability to real estate markets across the nation.
For additional information on the extension visit www.realtor.org/government_affairs
-Mike Roman
If you are interested in taking advantage of this opportunity, send me an email at rosemarywatsonrealestate@gmail.com and I can start sending you listings to take a look at!
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