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Three More Months – HR 4213

June 17th, 2010 categories: Real Estate Finance, Real Estate News

Senate just passed a bill that extends the First Time Home Buyer, Federal Tax Credit.  Previously, home buyers who qualified could get an $8000 tax credit if they were in escrow by April 30th of 2010 and closed by June 30th of 2010.  Thanks to amendment HR 4213, the American Jobs and Closing Tax Loopholes Act of 2010, now you can close escrow as late as September 30th of this year and still qualify for the credit – but you still would have had to have been under contract by April 30th.  This is NOT for the $10K California home buyer tax credit.  Good luck!

This entry was posted on Thursday, June 17th, 2010 at 10:21 am and is filed under Real Estate Finance, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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