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Homebuyer tax credit extended to September 30th

Homebuyer tax credit extended to September 30th

In a last minute move by Congress, the $8,000 Homebuyer Tax Credit program has been extended yet again. This extension will drag the program out until September 30, 2010. There is a catch though. It only applies to people who had buildings under contract on April 30, 2010.

Originally set to expire June 30, 2010, this extension is for those people that have not yet been able to close on contracts after two months. Other than uncompleted new construction or properties contingent upon the sale of another property, this change is unlikely to affect many people.

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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