Excerpt from article by Corbett B. Daly - The House of Representatives yesterday approved giving extra time to thousands of homebuyers trying to get a popular federal tax credit by the end of the month.
The House backed by a vote of 409-5 a measure to extend the closing deadline to September 30th for buyers who already met the April 30th deadline to have a signed contract. The current deadline requires those buyers to close the transaction by June 30th to receive the $8,000 tax credit for first-time homebuyers.
The Senate must still approve the measure before President Obama can sign it into law.
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