The Senate last night passed HR 5623, which extends the closing date to qualify for the homebuyer tax credit. Homebuyers must still have had a contract signed by April 30, 2010, but the previous closing deadline of June 30, 2010, has been extended to Sept. 30, 2010.
The National Association of Realtors estimates that if the bill is approved by President Obama, it will benefit more than 14,000 contracts in Florida.