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July 30, 2010

Congress Extends Closing Date for Homebuyer Tax Credit

Homebuyers that signed a purchase agreement by April 30 now have until the end of September to close on the deal and still quality for the federal homebuyer tax credit, thanks to a law passed in July. The credit, which can be up to $8,000 for first-time homebuyers and $7,500 for repeat buyers, had an original closing deadline of April 30, but Congress’ passage of the Homebuyer Assistance and...

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