Tax Credit Extension Approved by Senate!!

SOURCE:  by The KCM Crew on June 30, 2010

BREAKING NEWS:  Tax Credit Deadline Extension and Flood Insurance Extension passed by Senate. Headed to the President!!!

New York Times report:

Congress has sent President Obama a plan to give home buyers an extra three months to qualify for up to $8,000 in federal tax credits. Buyers who already have signed contracts will now have until Sept. 30 to complete their purchases. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale. The House approved the measure on Tuesday. Legislation in the Senate was approved Wednesday night by unanimous consent.