The Senate has approved a measure extending the closing deadline from June 30 to the end of September for home buyers trying to tap a federal tax credit. The National Association of Realtors estimates that 180,000 buyers who had a contract in place by April 30 still would be unable to close on their home by the end of this month.
I just got this news this morning. So I will watch for information and pass it on as I get it.
~ Barry Ripp