Thursday, July 1, 2010

Homebuyer Tax Credit likely extended

President Obama plans to extend a deadline for homebuyers to complete purchases and qualify for an $8,000 tax credit according to the White House.

Under the extension, qualified homebuyers who signed purchase contracts before April 30 will have until Sept. 30 to complete paperwork and settle on the house. The original settlement deadline was June 30, 2010.