Federal Tax Credit Extension

Homebuyers who qualify for the Federal Tax Credit are breathing a sigh of relief. Originally homebuyers needed to have a written contract by April 30th and complete their transaction by June 30th. The House and the Senate have both approved the measure to extend the tax credit until September 30th, giving homebuyers an addtional three months to complete their purchase and receive the tax credit. Now Congress has sent President Obama the plan to give homebuyers an addtional three months to qualify. I hope to be able to share the good news with you soon that the President has approved the measure.