After a close brush with the deadline, Congress has passed an extension
of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance
and Improvement Act (H.R. 5623). 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 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. Extending the Tax Credit Closing
deadline will help provide additional stability to real estate markets
across the nation.
The GMAR sent out a notice earlier that the credit had failed to pass. The bill that failed to pass (HR 4213) was an unemployment bill with the tax credit as an amendment. H.R. 5623 was a standalone bill. We apologize for any confusion.
Thursday, July 1, 2010
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About Me
- Ty Jakoblich- Realtor
- Waukesha, Southeastern WI, United States
- I am a life long resident of the Waukesha and Milwaukee county area. I have a goal set out to help as many families reach their real estate goals and dreams. Seasoned in all aspects of real estate including residential, commercial, multi-family, business opportunites and vacant lots. I am an Accredited Buyers Representative (ABR) A Accredited Staging Proffessional (ASP) A Shorewest Certified Relocation Specialist (SCRS) As well as a Short Sale and Foreclosure Representative (SFR) And as a Broker's Associate I have a higher knowledge and experience than your typical sales associate. Buying and Selling a home can be a very exciting time in many people's lives. I am here to make sure you reach your goals, and make sure the process is simple, quick and smooth, and most importantly FUN!
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