On June 30 both houses of Congress approved legislation that extends the closing deadline for qualified first-time and repeat home buyer tax credit purchases from June 30, 2010, to September 30, 2010. President Obama is expected to sign The Homebuyer Assistance and Improvement Act of 2010 into law in the next few days.  The extension only applies, however, to those home buyers who had a binding sales contract in place prior to May 1, 2010.   Read More...