NEWS FLASH
Senate approves the new tax credit closing deadline EXTENSION mentioned earlier today (See below)
The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.
"Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of 180,000 homebuyers nationwide", said amendment sponsor Sen. Harry Reid, D-Nev.
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