Well, its about time this was addressed. We have several short sales that are under contract in our office for first time homebuyers seeking the Tax Credit. Although we are working diligently to have the short sales approved in time, there are many other variables that go into play such as the buyer’s financing that may not allow us to close by the June 30, 2010 deadline date. We are happy to see that there may be a possible extension to allow these first time homebuyers to purchase their homes under the US tax credit stimulus.
NAR commends these Senators for their attentiveness and sensitivity to thousands of qualified home purchasers, who through no fault of their own, are not able to meet the closing deadline of June 30 for the home buyer tax credit. Now we urge the Senate and the House to act quickly to pass this legislation and ease the minds and pocketbooks of these home buyers,” read on….REALTOR® Magazine-Daily News-NAR Lauds Proposal to Extend Tax-Credit Closings
