UPDATE**** tax credit has not been extended! MY BAD! I jumped the gun. The senate has not signed the amendment as of yet, we are still waiting for the final decision.
It is true, the closing date for those who met the April 30, 2010 deadline to have a signed contract has been extended. The new date a buyer needs to close in order to be eligible for the 2010 Home Buyers Tax Credit is September 30, 2010.
Like it or not, the Senate accepted an amendment by Senator Harry Reid (D NEV) to extend the date. By a vote of 60 - 37, the amendment was passed. This only affects the home buyers who have already made offers and should not have any significant affect on the housing market.
Click here to read the full story from Reuters.com
The Tax Credit Closing Deadline Has Been Extended!