Last week we reported that the tax credit closing deadline for first-time home buyers had been extended from June 30 to Sept. 30.  However, that is not the case as the senate voted the bill down yesterday that would have allowed for this extension.  This means those hoping to secure the first-time home buyer tax credit must close on those properties by the original June 30 deadline.  This could definitely prove tough for those whose lenders are behind on closing these loans.

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