Done Deal!!!!!!

Mark Wisterman — Wed, 07 Jul 2010 00:00:00 +0000

With the stroke of his pen the President of the United States has extended the deadline for first time home buyers to close their real estate transactions to September 30, 2010.
As with the old deadline, the extension only applies to home buyers that were under contract on or before April 30, 2010.
The extension will allow an estimated 180,000 first time home buyers, many of whom are in the Lake Oroville and Paradise real estate markets, whose loans got caught up in the backlog of files that lenders encountered by being less than prepared for the easily foreseeable crunch of home loans that resulted from buyers making a mad dash to beat the April 30th contract deadline.
Related articles by Zemanta

Tuesday Tax Time: the “Home Buyers Credit Extension” Edition thriveal.com)

This Just In…..

Mark Wisterman — Wed, 30 Jun 2010 03:51:00 +0000

This just came across the wires and I wanted to make sure all of you in the Lake Oroville and Paradise Ca real estate markets hear it here first:
(June 29, 2010)—The United States House of Representatives has just passed HR 5623, the Homebuyer Assistance and Improvement Act of 2010, by a vote of 409-5. This bill extends the deadline for closing tax credit eligible transactions from June 30 to September 30, 2010. The bill moves to the Senate where the outcome is much less certain. I will continue to update you as the events move forward.
Related articles by Zemanta

Will Congress Extend the Tax Credit Closing Deadline? blogs.wsj.com)
Today in Congress dailykos.com)
Extension to Home Buyer Tax Credit Deadlines Resurrected by House of Representatives findwell.com)
U.S. House Extends Closing Deadline for Homebuyer Tax Credit businessweek.com)

Best Realty's Lake Oroville Real Estate Blog » United States

Done Deal!!!!!!

This Just In…..