Westlake Village Real Estate Blog » Homebuyer Tax Credit http://westlakevillagerealestateblog.com Real Estate, Life and Times in Westlake Village and Beyond Thu, 26 Jan 2012 22:34:22 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Great News on the Federal Homebuyer Tax Credit http://westlakevillagerealestateblog.com/2010/07/01/great-news-on-the-federal-homebuyer-tax-credit/ http://westlakevillagerealestateblog.com/2010/07/01/great-news-on-the-federal-homebuyer-tax-credit/#comments Thu, 01 Jul 2010 19:37:01 +0000 Sher Hann http://westlakevillagerealestateblog.com/?p=719 Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed. There will be no gap between June 30 and the date the President signs the bill into law.

Additionally, Congress has extended the National Flood Insurance Program (NFIP) through September 30th. The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted.

Thousands of REALTORS® wrote letters and e-mails to Congress in support of both bills, heeding a Call to Action from the National Association of REALTORS®.

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