On July 2, 2010, President Obama signed into law the "Homebuyer
Assistance and Improvement Act of 2010 (H.R. 5623)" which extends the
settlement date (closing) from June 30, 2010 to September 30,
2010. However, the binding contract to purchase the principal
residence has NOT changed. The September 30, 2010 settlement date applies ONLY if a
written binding contract to purchase the principal residence
went
into effect on or before April 30, 2010 and settlement was
supposed to take place on or before June 30, 2010.
For more
information on the homebuyer tax credit visit:
www.RefundableHomeBuyerTaxCredit.com
View the Entire Act (Tax Bill)
Passed By U.S. Congress
Download File
