The Senate voted and passed a proposal tax credit deadline for settlement for those who were under contract by April 30, 2010 from June 30, 2010 to September 30, 2010.

This is GREAT news for buyers who are facing issues with either financing, short sales, or other issues which could have delayed their closings, due to no fault of theirs, and them possibly missing out on their qualifying homebuyer tax credit.

MSNBC reported this breaking news.

Next, it is Congress’s turn to approve the proposal.