Lake Mary Homebuyers…Tax Credit Extended

Seminole County Homebuyers… the homebuyer tax credit has been extended until Sept 30th, 2010.

Time is Money Clock

The Senate voted yesterday on a stand alone bill [HR 5623] to extend the closing deadline for homebuyers who were under contract on a home by April 30, 2010.   The National Association of REALTORS estimates there are 14,830 homebuyers in Florida who are waiting to close and 180,000 nationwide.

Once the President signs the bill into law many of those patient homebuyers can breath a sigh of relief.

The majority of those waiting to close on their homes are purchasing short sale properties that are stuck in a backlog of files waiting for approval from the servicing lender.

This extension will give many deserving first time homebuyers the time necessary to close and receive the tax credit.

I know one family who’s very pleased with this GOOD NEWS!

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