Friday is the last day a buyer can qualify for the Home Buyer Tax Credit. You must have a fully signed and accepted contract by Friday, April 30th, in order to qualify. You have up to June 30th, 2010, to close.
I have been waiting for a Scottsdale townhome short sale to get approved so my buyer would be able to take advantage of the tax credit. Things weren't looking good and she was ready to move on. Just yesterday I got the notice from the listing agent that the bank approved the short sale.
My buyer was losing her locked-in interest rate but could get a 10-day extension. I am hoping that we can get this to closing (I don't trust that the short sale mortgage holder will have their act together in 10 days) so my buyer will have her Scottsdale…
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