There has been a lot of talk about whether or not the government will extend the tax credit closing deadline beyond June 30, 2010. Please read a post by Susan Hofflander on the latest update on whether or not the tax credit extension has passed.
Update: June 25th, 2010 - The proposed three-month extension for home buyer tax credits appears dead.
The Senate fell three votes shy Thursday of passing a bill that included the extension. It would have given home buyers until Sept. 30 to close on their deals. Now it appears they’ll have to close by June 30 or lose the $8,000 and $6,500 tax rebates.
The measure also would have renewed a national flood insurance program. Many home buyers in flood-prone areas of Florida need the insurance and can’t close their deals without it.
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