The home buyer tax credit has been extended, but not for everyone. It only applies to those who were under contract to purchase a home before. April 30, 2010.
Under the original bill, those buyer would have had to close by June 30. The new bill extends the closing date to September 30.
I think it’s just fair since there’s so many short sales out there and I’m sure there were quite a few buyers who got stuck not closing because they chose a short sale which are notorious for taking forever to get a reply.