Worthington Ohio real estate

head_left_image

Homebuyer Tax Credit Deadline NOT Extended. House to approve Reid Extension Ammendment

 

Dana's telling the truth...

It's NOT a done deal.

 

 

News wires are buzzing with reports that the Senate just approved an extension of the homebuyer tax credit's June 30 closing deadline.

THESE HEADLINES ARE MISLEADING!!!

The June 30 closing deadline has not been extended...but it was accepted as an amendment to the Tax Extenders Bill. Under the amendment, borrowers who signed purchase contracts by April 30 would be given three extra months to close their loan and still qualify for the homebuyer tax credit. The new deadline would be September 30, 2010.

In a budget "point of order" vote taken this morning, the Senate actually voted against the bill that contains the homebuyer tax credit extension amendment. This forces the Senate Finance Committee, chaired by Senator Max Baucus, to rework the overall proposal before another vote is taken.

While this may be a cause of concern for borrowers who are awaiting a clear to close on their loan file, the "unanimous consent agreement" that set up the vote this morning says that any amendments accepted into the Senate Finance committee's version of the legislation would stand as long as the reworked bill is eventually approved by the Senate. Thus, the homebuyer tax credit closing deadline extension proposed by Senate Majority Leader Harry Reid would stand if the Senate agrees on the reworked version of the proposal. This only applies to the Senate. The House would still need to reconcile

Dana Allen

------------------------------------------------------------------------------------------


This post provided by Maureen McCabe HER Realtors*

Contact Maureen McCabe of HER Realtors* - 614.388.8249

HER Realtors  Maureen McCabe

Search Columbus mls

email: MaureenatMaureenMcCabe.com  at = @

*Real Living HER

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

 


 

Comment balloon 3 commentsMaureen McCabe • June 17 2010 10:59AM
Homebuyer Tax Credit Deadline NOT Extended. House to approve Reid…
share
Dana's telling the truth… It's NOT a done deal. News wires are buzzing with reports that the Senate just approved an extension of the homebuyer tax credit's June 30 closing deadline THESE HEADLINES ARE… more
Happy Birthday - Linworth church…
share
Happy Birthday Linworth church - June 15, 1958 On this day in history,,, It was the Linworth Methodist Church but the building is now Linworth Baptist Church. The first service in the church at 6200 Linworth Rd was June 15 1958… more
Columbus Ohio 43235 home sales up 42. 3% in May
share
Columbus Ohio 43235 home sales brought to you by Maureen McCabe of Real Living HER The graph shows Columbus Ohio 43235 single family home sales for the past 15 months. Home saies in Columbus Ohio 43235 were up 42. 3% in May 2010. The… more
Real Living HER Open House List - June 13, 2010
share
Real Living HER Open House List* - June 13, 2010 presented bv Maureen McCabe The Real Living HER Open House list on MaureenMcCabe. com (link above) now says "There are 229 Open Houses available. To narrow down the list, please… more
1344 Snowmass Rd. Columbus Ohio 43235 - Open Sunday
share
1344 Snowmass Rd. Columbus Ohio 43235 - Open Sunday June 13, 2010, 2:00 to 4:00 City of Columbus Worthington City School District 2088 square feet 4 bedrooms 2 1/2 baths Gas furnace Gas fireplace … more
Worthington home sales up 33. 3%
share
Worthington home sales brought to you by Maureen McCabe Real Living HER The graph shows single family home sales in the Worthington City School District for the past 15 months. May home sales were up 33% over May 2009. … more
HER Realtors Timeline
share
HER Realtors - Timeline Real Living HER 2006 - "50 Years of Family, Innovation and Results" The Tim eline for HER Realtors - Real Living HER now actually starts out when the company was called 'Harley E. Rouda Co. '… more
Columbus Ohio home sales up 26. 2%
share
May 2010 Columbus Ohio home sales up 26. 2% by Maureen McCabe of Real Living HER Central Ohio home sales were up 26. 2 % in the month of May 2010, from May 2009. The graph shows homes for sale and homes sold for the past 15… more
Home Buyers Say the Darndest Things
share
This is a very funny post from Margaret Woda a real estate agent in Maryland. Sometimes with some of the things Central Ohio buyers say I just have to grit my teeth. These are funny when presented this way… long distance, about… more
Real Living HER Open House List - June 6, 2010
share
Real Living HER Open House List June 6, 2010 brought to you by Maureen McCabe There are 198 Open Houses on the Real Living HER Open House List today. That number could still go up and down before this afternoon. The Real Living HER… more