Tax Credit Closing Date Extension/Flood Insurance Extension

Please read below.  I received this email late on June 30, 2010 from the National Association of Realtors®.

After a close brush with the deadline, Congress has passed an extension of the
Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement
Act (H.R. 5623). The extension applies only to transactions that have ratified
contracts in place as of April 30, 2010 that have not yet
closed.  The legislation is designed to create a seamless extension the new
closing deadline for eligible transactions is now September 30, 2010.  There is
will be no gap between June 30 and the date the President signs the bill into
law.

NAR worked closely with Congressional leaders on both sides of the aisle to
enact this important legislation. Extending the Tax Credit Closing deadline will
help provide additional stability to real estate markets across the nation.

For additional information on the extension visit www.realtor.org/government_affairs

Additionally, the United States Senate has passed the National Flood Insurance
Program Extension Act of 2010 (H.R. 5569) an extension of the National Flood
Insurance Program until September 30, 2010.  This will allow transactions to
move forward.  The bill is retroactive and covers the lapse period
from June 1, 2010 to the date of enactment of the extension.

For more information on the flood insurance program visit www.realtor.org/government_affairs
 

Welcome to the website of Janelle Pruitt. Feel free to search our listings to find homes in our area. You can also read our blog, check out our helpful knowledgebase, look up useful real estate terms, browse our testimonials and much more. Benefits to becoming a member of my website is that you can pick criteria for the computer to remember on the type of home you are looking for. It will send you an email when new homes come onto the market that fit that criteria. There is also, for members only, a document library that may be of help to you.  I look forward to assisting you with next chapter of your life, whether it is buying or selling.

Sincerely, Janelle Pruitt, Realtor, ABR, CRS, SFR Choice-Dantzler Properties, Inc. Phone: 863-299-6710 Cell: 863-412-8168 E-mail:JPruittCDP@aol.com

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