It is finally official!! The closing date for all first time home buyers under contract prior to May 1, 2010 now have until September 30, 2010 to close. This was extended from the original closing deadline of June 30, 2010.
Last week there were some news alerts stating the tax credit had been extended but until the President signed off on HR 5623 it was not officially extended. Now that Obama has signed off on the bill, the extension is in effect.
Some believe this extends the tax credit to new buyers going under contract. This is not the case. All this extension does is extend the closing deadline of those buyers already under contract.
About the Author |
Scott & Marla Wynn
Scott & Marla Wynn are passionate about passing along their knowledge of the mortgage business which is why they created LendingAHand.com. As licensed mortgage professionals in Colorado, Scott & Marla also enjoy sharing opportunities for fellow Coloradans to have fun while saving money in Denver.
