$8,000 Tax Credit Extension – Looks Like a Done Deal – President Obama to sign this week
November 3, 2009 by Jo Soss
Filed under 2) Real Estate Market Talk, 7) Blog
Rhonda Porter over on Facebook published the link to the CBS MoneyWatch.com site so I thought I would share the news. Of course we still need President Obama to sign the extension so contracts pending in escrow still need to be processed with the November 30th deadline until he signs it this week. This should take some pressure off a couple of escrows I have that are set to close by November 30th. With all of the days the county is closed and the Thanksgiving Holiday, November closings were getting a little stressful.
Source: moneywatch.bnet.com
With the Thanksgiving Recess just three weeks away, Senators burned the midnight oil last night to clear the way for the $8,000/$6,500 tax credit extension
Source: www.realestateeconomywatch.com
The Senate last night cleared the way to pass a seven month extension and expansion of the tax credit for home-buyers, making it virtually certain that the legislation will reach President Obama for his signature this week.
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