Tagged : U.S. Homebuyer Assistance and Improvement Act of 2010 
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Home Buyer Tax Credit Extended for Those Already Contracted
Friday, July 23rd, 2010 at 1:10pm. 1797 Views, 0 Comments.
For those who missed out on the Home Buyer Tax Credit, there is good news: the credit has once again received an extension. Enacted on July 2, the U.S. Home buyer Assistance and Improvement Act of 2010, which was largely backed by Senate Majority Leader Harry Reid, extends the closing deadline from June 30 to September 30 for buyers who had entered into a binding contract by the original April 30 deadline. Therefore, while it is still too late for those who didn’t get the ball rolling before the April deadline, those who had trouble with closing on the deal in time can still take advantage of the $8,000 maximum credit for first time buyers as well as the $6,500 credit for longtime homeowners who decided to purchase a new home.
In order to qualify for the…
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