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House Moves to Extend Tax Credit Closing Deadline

The U.S. House of Representatives passed a bill Tuesday that would give homebuyers who are eligible for a federal tax credit three extra months to close on their loans.  As the program stands now, qualifying homebuyers who were under contract by April 30 have until Wednesday, June 30 to complete the transaction. The House bill would extend that deadline to September 30.

Link to the rest of the article: http://bit.ly/d4QeyE

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