Home buyer tax credit closing deadline: Sept. 30
The Senate has passed a measure to extend the closing deadline for the home buyer tax credit to Sept. 30, which means it's now headed for a presidential signature.
Dow Jones Newswires reports that senators decided to separate the tax credit extension -- popular with elected officials -- from the more contentious proposed extension of unemployment benefits. The Senate approved the tax-credit grace period unanimously.
That bill is a twin of the one passed by the House on Tuesday.
I haven't heard any rumblings that President Obama is inclined to veto a tax-credit extension, so it looks like all you buyers tied up with long-running short sales, paperwork problems and the like have another three months to close your deals.
A reminder: This does not give more time to folks still looking. The deadline to get under contract for a home was April 30.
UPDATE: The National Association of Realtors says, "There will be no gap between June 30 and the date the president signs the bill into law." Just in case you were wondering.