May 22, 2012
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U.S. House Passes Bill to Extend First-time Homebuyer Tax Credit

The U.S. House has passed a bill giving home buyers an extra three months to complete their purchases and still qualify for a generous tax credit.

Under current law, home buyers who signed purchase agreements by April 30 have until Wednesday to close on the sale.

The bill which still has to be approved by the senate, would give buyers until September 30 to complete their purchases.


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  • by John Location: Little Rock on Jun 30, 2010 at 08:47 PM
    My husband and I got orders in January to move to Little Rock June 1st. We couldn't have gone into contract on a house in April because orders can be cancelled. We moved here and missed the deadline. How come the law only extends for members serving overseas and not for those who are forced to move in US? The law also allows members to keep the $8000 if members bought a house and have orders to move anywhere else...it doesn't seem fair.
  • by jeremy Location: las vegas on Jun 30, 2010 at 05:33 PM
    what about the people who have been looking for a home for over a year and couldn't buy one because there were too many scammers out there over bidding on homes and dumping them? My bid was finally accepted in june, on a house I previously bid on, but I can't have the tax credit because I didn't have enough money to overbid the scammers. That isn't right.

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