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Real Estate News Alert – Homebuyer Tax Credit and National Flood Insurance

It has all come down to the wire! Congress voted to extend homebuyers tax credit and national flood insurance.

Homebuyer Tax Credit Bill HR 5623 – The closing date of the previous stated closing deadline by June 30, 2010 has been extended through September 30, 2010. This extension will help homebuyers who signed purchase contracts before April 30, 2010 and are waiting for the property owner’s lender for approval.  According to the National Association of Realtors, it will benefit more than 14, 000 contracts in Florida.

Active Duty Military members exception - military families and active-duty servicemembers currently living overseas, deadline is April 30, 2011.

National Flood Insurance Program - Congress extended the bill HR5569 a short-term program retroactive to May 31,2010 until September 30, 2010.

I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact me at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland real estate landscape and all it has to offer.

Related Posts

1. Lakeland Mortgage Update: 100 Days and Counting to Claim the Homebuyer Tax Credit
2. Lakeland Florida Real Estate – First Time Home Buyers Tax Credit Extended and Expanded
3. Florida First-Time Homebuyer $8000 Tax Credit – Use as Downpayment?
4. Lakeland Real Estate Update: You Now Have Only 6 Weeks to Bank the First Time Home Buyer Tax Credit
5. Lakeland First-Time Homebuyers “Newsflash on $8000 Tax Credit”