They’ve been talking about it for a few weeks. It seemed like a done deal, causing many buyers and sellers to breathe a sigh of relief… Then it stalled, held up by other ‘stuff.’ Then it looked dead, causing even more stress as people attempted to get their home closed by the Wednesday deadline.

The last thing area buyers and sellers needed was a ‘slight’ delay. Any delay could have resulted in not being able to close before the June 30 deadline. Numerous title companies and lawyers were booked solid on Wednesday, June 30. Often for weeks…

But after separating the tax extension from other parts of the bill (like railway spending) the bill picked up steam and Congress nearly unanimously passed the bill.

Next the Senate passed the bill after, once again, separating it from another larger bill.

But, here’s what’s important to you:

You OFFICIALLY have until September 30, 2010 to close on the sale or purchase of your home.

Almost 200,000 homeowners can take a huge sigh of relief knowing that closing on their home just became a lot easier.

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