Extension of the Homebuyer Tax Credit Closing Deadline & Flood Insurance Extension Pass!
Congress has passed an extension of the Homebuyer Tax Credit closing deadline. 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 a seamless extension. The new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law.
Additionally, the United States Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5669), an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from Jun 1, 2010 to the date of enactment of the extension.
Contact me now if you have any questions or needs that I may assist you with on both of these important issues.
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Whether you are looking to buy or sell a home, or if you are just curious about real estate in the metro Louisville area, you have come to the right site. Websites are a wonderful resource for information, but they still don't take the place of personal service.
Over 88% of home buyers first found their home on the internet; but it is not until you visit the property that you know whether or not this is the home for you.
The priceless value of utilizing a real estate agent for your transaction, whether buying or selling a home, is truely apparent through-out the entire process. I assist people just like you, to buy and sell real estate everyday! Allow me the opportunity to be your guide through your next transaction.
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