Homebuyer Tax Credit & Flood Insurance program Extensions Passed by Congress

July 1, 2010 by admin · Leave a Comment 

After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create [...]