Although the Extended Home Buyer Tax Credit expired on April 30, 2010, home buyers who signed a written, binding contract by that date and have not closed by July 1, 2010 may still be able to claim the credit.
The extension applies only to transactions that had ratified contracts in place as of April 30, 2010 that have not yet closed. The new closing deadline for eligible transactions is September 30, 2010.
Still have question, contact me @ dcrealtor@live.com
I only wish they would have let the tax credit run longer to help people who wanted to buy a home take advantage of the low interest rates the banks are offering.
Posted by: Larry Fleckinger | July 20, 2010 at 08:24 PM