HOT OFF THE PRESS!

NAR praises senators who are proposing that the homebuyer tax credit be extended!

Three Senators have been trying to introduce a measure to extend the deadline to September 30th 2010.

The measure was offered as an amendment to H.R. 4213, a tax extension bill now in the Senate. The Senators supporting the bill are Senate Majority Leader Harry Reid, D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn.

NAR and all of us are acutely aware that there are so many buyers rushing to close on their home before the deadline! In fact, NAR estimates the number of home buyers who have qualified for the tax credit and met the contract deadline of April 30, but who would not be able to close their transaction by the June 30 deadline, could go as high as 180,000. Delays are often on the mortgage side of things as the sheer volume of applications is delaying processing.

After all these buyers have worked hard to secure a home before the contract deadline but might not close due to a work flow jam.

An extension of this date to the end of September would allow some much needed breathing space for those buyers here in Northwest Indiana.

We will keep you posted on what happens.

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As one of the top producing teams of experts in our field both locally and Nationally, our full service team strives hard to make sure your real estate transaction is a truly rewarding experience.

Finding your dream home or finding a buyer is only part of the challenge of a successful transaction. Click here to search Northwest Indiana Real Estate using our complimentary Northwest Indiana Real Estate MLS Search service. Alternatively please contact Jana Caudill and the team if you need more specific assistance in your Northwest Indiana Real Estate needs. You can call the office on: 219-661-1256 or email us on: jana@janacaudillteam.com

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