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The Real Estate Bloggers


Home Buyer Tax Credit Extention Passes House, NOT Senate, Not President

Posted: 30 Jun 2010 06:19 AM PDT

Before we get too excited that the tax credit extension for closings is a sure thing, remember that there is a process for a bill becoming a law in the United States Government.

A bill to extend the closing window on the Home Buyer Tax Credit from it’s official end today passed the House of Representatives yesterday. It still needs to pass the Senate and be signed by the President.

If you are on the bubble, do everything you can to get closed today, June 30th. Everything.

For those who need a primer in how the law making process works, this is a favorite civics video from my youth.

Schoolhouse Rock- How a Bill Becomes a Law

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Home Buyer Tax Credit Extention Passes House, NOT Senate, Not President

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