Hojin's SW Orlando Real Estate Scoop

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Homebuyer Tax Credit Extention

June 16th, 2010 · No Comments

Senator Harry Reid proposed a 3 month extension of the Homebuyer Tax Credit this past week for those who are already under contract to purchase a home. The bill gives more time to those who rushed in to get the tax credit but face uncertainty about meeting the June 30 deadline for closing. It provides for more time for those who chose a short sale which typically takes a long time to get approved and for those having mortgage approval issues.

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