Senator Patrick Leahy’s office has announced that the deadline for closings for those who took advantage of the Home Buyer Tax Credit has been extended until October 1. This would allow only those contracts that were signed before April 30 to have time to close.
Commenting on the Senate Vote, Sen. Leahy stated, “The homebuyers tax credit has been incredibly successful in helping families in Vermont and around the country buy their first homes. These sales have helped stabilize the housing market. This program also has played a role in bringing the economy back from the brink of the collapse that started in 2007. Extending this filing deadline for this tax credit will ensure that eligible homebuyers who have followed the rules have enough time to close on their homes.
It would be unfair to let bureaucratic delays keep buyers and sellers from completing