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Weichert Realtors Porter Properties
July 7, 2010

Auburn AL Homebuyers Catch a Break on the Tax Credit Closing Deadline

Auburn AL, June 30 –After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit for all Auburn AL first-time homebuyers closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). This will enable Auburn AL homebuyers who because of one reason or another couldn’t close by June 30 still receive the First-Time Homebuyers Tax Credit. 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 to help all homebuyers across the nation and in Auburn AL. 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. NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation.

The National Association of Realtors® today commended Congress for timely passage of bill to extend the home buyer tax credit closing deadline. They now head to the president for his signature. Extending the tax credit closing deadlines will help provide additional stability to real estate markets across the nation, said NAR.

Weichert, Realtors® – Porter Properties is a local Auburn AL Real Estate company ready and willing to help you with all your real estate needs. Search our Explore Your Neighborhood feature on our website to find exactly the place you want to live in Auburn AL.