The Senate approved a measure to extend the First Time Home Buyer Tax Credit until September 30, 2010. The House had already passed this bill. This will\u00a0allow the buyers who had qualified for the tax credit but were not able to close by June 30, 2010, to now close by September 30, 2010. The Bill still has to be signed by the President but that seems to be a done deal.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Senate approved a measure to extend the First Time Home Buyer Tax Credit until September 30, 2010<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[40,41],"tags":[],"class_list":["post-752","post","type-post","status-publish","format-standard","hentry","category-closing","category-title"],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":748,"url":"https:\/\/blog.topbev.com\/?p=748","url_meta":{"origin":752,"position":0},"title":"U.S. House Extends Closing Deadline for Homebuyer Tax Credit","date":"June 30, 2010","format":false,"excerpt":"U.S. House Extends Closing Deadline for Homebuyer Tax Credit, The Senate must now also pass the measure. The Senate has already passed a similar version of this., The Senate must now also pass the measure. The Senate has already passed a similar version of this.","rel":"","context":"In "closing"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":242,"url":"https:\/\/blog.topbev.com\/?p=242","url_meta":{"origin":752,"position":1},"title":"The $8,000 First Time Home Buyer Credit–If Your Clients Have Already Closed on their Purchase, They Can Get the Credit Back from Uncle Sam Right Away","date":"June 29, 2010","format":false,"excerpt":"For all of you who have clients who qualify for the First Time Home Buyer Credit, there is great news from the IRS. According to IRS Commissioner Doug Shulman, \"this special tax feature can put money in their\u00a0 (the \"Buyers\") pockets right now rather than waiting another year to claim\u2026","rel":"","context":"In "Marketing \/ Communication"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":234,"url":"https:\/\/blog.topbev.com\/?p=234","url_meta":{"origin":752,"position":2},"title":"If you Can’t “Walk”, You Can’t Negotiate–Never Truer Than It is Today","date":"June 29, 2010","format":false,"excerpt":"These are turbulent times in our industry. More attention than usual has been thrust on real estate because of the generous first-time owners tax credits and other incentives which are being offered to Buyers. A new HUD-1 Settlement procedure goes into effect on January 1, 2010. The thrust of this\u2026","rel":"","context":"In \"negotiations\"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":266,"url":"https:\/\/blog.topbev.com\/?p=266","url_meta":{"origin":752,"position":3},"title":"Frustrated by the Apparent Insourciance of Massachusetts Mortgage Lenders- -Make your Sales Agreements “Bulletproof”","date":"July 2, 2010","format":false,"excerpt":"In the near recent past, most real estate purchases in Massachusetts had one thing in common. They closed on or before the date set for closing in the sales agreement.\u00a0 The writer, a Massachusetts title attorney with more than forty years of experience, has recently seen a departure from that\u2026","rel":"","context":"In "closing"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":207,"url":"https:\/\/blog.topbev.com\/?p=207","url_meta":{"origin":752,"position":4},"title":"Short Sale Shenanigans–Do not get involved; Do not let your clients get involved!!!","date":"June 29, 2010","format":false,"excerpt":"It was bound to happen. Short sales, the new salvation for an inconsistent real estate market, have too many characteristics which facilitate fraud. One party, the Lender, is being asked to take a \"hit\" for immediate payment on a delinquent mortgage. Another party, the Buyer, is getting a great deal\u2026","rel":"","context":"In "Short Sales & Foreclosures"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":412,"url":"https:\/\/blog.topbev.com\/?p=412","url_meta":{"origin":752,"position":5},"title":"Acts of God Between the Signing of A Purchase and Sale Agreement and the Closing–The Buyer Really Doesn’t have a Lot of Remedies","date":"July 12, 2010","format":false,"excerpt":"It happened last evening in a bedroom community north of Boston. The tenant who had rented the home my clients are purchasing had vacated the dwelling on January 31, 2010\u00a0and informed all affected utilities,including the electric company.\u00a0For reason still unknown, the electric company immediately\u00a0shut off the electricity. The pipes froze,\u2026","rel":"","context":"In "closing"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts\/752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=752"}],"version-history":[{"count":2,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts\/752\/revisions"}],"predecessor-version":[{"id":754,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts\/752\/revisions\/754"}],"wp:attachment":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}