The new law extends the deadline for qualifying home purchases to April 30, 2010. Additionally, as long as the buyer has a contract by April 30, 2010, the buyer has until June 30, 2010, to close on the purchase.
The maximum credit amount remains at $8,000 for a first-time homebuyer.
However, the new law also provides a “long-time resident” credit of up to $6,500 to others who do not qualify as “first-time homebuyers.”
The maximum credit amount remains at $8,000 for a first-time homebuyer.
However, the new law also provides a “long-time resident” credit of up to $6,500 to others who do not qualify as “first-time homebuyers.”
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