On the evening of June 30, Congress passed an extension of the closing deadline for the Homebuyer Tax Credit. The extension applies only to transactions that have ratified contracts in place as of April 30, 2010, that have not yet closed; the new closing deadline for eligible transactions is now September 30, 2010.
If you’ve worked with me much over the past year, you probably know that Ive been a big proponent of HUD homes.
From now til 2/12/10, you can still put $100 down and get a HUD Home with an FHA loan. You will also receive $2500 cash back at close on any offer over $25,000. Rehab loans available.
Combined with the 10% 2010 Obama tax credit, this is the best deal Ive ever seen for a first time buyer.
Last chance: Email me if you’d like to receive a list of HUD homes in your targeted area and price range!
