On Friday, President Obama signed a bill that deadline for HR 5623, the Homebuyer Assistance and Improvement Act of 2010.
The act allows buyers who qualify to get an $8,000 credit on their 2010 taxes. The original deadline required homebuyers who were under contract by April 30 to close by June 30, 2010. The extension gives buyers until September 30, 2010 to close.
This is great news for buyers who found their closing date delayed because of the length of time it takes for banks to approve short sales and other issues that are outside of their control.
