


The 2010 Homebuyer Tax credit deadline for qualification has been extended
from June 30th to September 30, 2010 for eligible homebuyers who have entered into a binding contact
to purchase on or before April 30, 2010.

The deadline was extended to provide additional time to close
these transactions. Processing time to close many mortgage loans
has increased due to high mortgage application volumes, short sale
transactions, and increased appraisal/repair conditions.
It has been estimated that as many as 200,000 homes that have
been sold would be unable to close before the prior
deadline of June 30th 2010.