This morning, President Obama signed the tax credit extension into law, helping about 180,000 buyers who were unable to settle by June 30, 2010 to hopefully receive their due tax credit.
NAR reported that around 180,000 eligible buyers were unable to settle by the original deadline to no fault of theirs, causing them to lose out if the extension were not to become law.
On June 29, the House voted to extend the settlement deadline, but had a provision about unemployment in the same bill.
The Senate rejected that version, but agreed unanimously to extend the tax credit deadline by itself.
Congratulations to those buyers who had done everything in their power to settle on time yet could not, and will now be able to take advantage of the tax credit for which they were eligible.