Great News ...Tax credit extension approved...Buyers and Realtors offer special thanks to NAR Lobbyist

Posted on July 1, 2010; Leave a Comment

 

To: All REALTORS® 

From: Vicki Cox Golder, 2010 NAR President

Date: July 1, 2010

Re: NAR Update:  Tax Credit Deadline Extended; Flood Insurance Program Reinstated

Dear fellow REALTOR®,

I am happy to report that Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010.  This is a huge win for REALTORS® and homebuyers, and NAR worked closely with members of Congress to make it happen.

The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed.  There will be no gap between June 30 and the date the President signs the bill into law.  

Additionally, Congress has extended the National Flood Insurance Program (NFIP) through September 30th.  The bill is retroactive and will cover the lapse period from June 1, 2010, to the date the law is enacted.  NAR will continue to work with Congress on the NFIP Reform bill, and we will keep you posted on those efforts.

For additional information on both the tax credit deadline and the NFIP, visitRealtor.org/Government_Affairs.

Neither of these bills would have passed without your support.  Nearly 83,000 REALTORS®

 responded to our latest Call for Action, sending more than 250,000 letters to Congress asking them to extend the National Flood Insurance Program.  I know many of you also raised your voices in support of extending the tax credit deadline.

On behalf of NAR, I thank you, and I ask that you visit theRealtorActionCenter.com and make your voice heard on every issue.

Sincerely,


Cox Golder Signature

Vicki Cox Golder, CRB
2010 NAR President

-- 
Sean T. Shallis 
Broker/Sales Associate
Senior Real Estate Strategist

Weichert Realtors and The Shallis Group
1 Newark St, Hoboken, N.J. 07030
Office: 201-653-8488

Direct: 201-427-1032
Cell:    201-988-1393
Fax:    201-427-1022

Our combined mission as a team is to provide our customers with a passionately motivated and committed team of highly skilled real estate professionals. We'll work with you to understand and accomplish our customers short and long term goals both "in and out" of the real estate transaction.

Posted by Sean T Shallis  

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