Hot off the presses!
The House and Senate have passed a bill that extends the closing date requirement for contracts eligible for the First time or Existing owners Tax Credit. There will be no lapse in eligibility from yesterday June 30 - the previous final date - and whenever the President signs the bill into law. The extension now goes to September 30. If you are working a short sale or some other complex transaction that is taking forever - this should help! One thing to keep in mind - Sept 30 will be here sooner than you think - and many short sales still may not be complete! Listing agents for these short sales - make the most out of this time and push the lender to get the job done!!!
http://www.dnj.com/article/20100701/NEWS01/100701008
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Realtors with Action Realty Group in the greater Dallas TX area, specializing in the general northern region. We're a husband and wife team, we've been living in the area over 20 years!
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