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Flood Insurance and Homebuyer Tax Credit Extended

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 [...]

NAR Update: Tax Credit Deadline Extended; Flood Insurance Program Reinstated

Vicki Cox Golder, CRB - 2010 NAR President

To: All REALTORS®
From: Vicki Cox Golder, 2010 NAR President
Date: July 1, 2010
Re: NAR Update: Tax Credit Deadline Extended; Flood Insurance Program Reinstated

Dear fellow REALTOR®,

I am happy to report that Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. This is a huge win for REALTORS® and homebuyers, and NAR worked [...]