Just announced!  Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010!!

The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed.  There will be no gap between June 30 and the date the President signs the bill into law.

Additionally, Congress has extended the National Flood Insurance Program (NFIP) through September 30th.  The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted.  NAR will continue to work with Congress on the NFIP Reform bill, and we will keep you posted on those efforts.

For additional information on both the tax credit deadline and the NFIP, visit Realtor.org/Government_Affairs.

Contact our Brokerage Manager Joel at 312-256-0861 if you would like more information on our educational program, “Urban Upgrade” helping people make the move from renting to buying!