Reid Introduces Amendment to Extend Transaction Closing Date for First Time Homebuyers
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Reid Introduces Amendment to Extend Transaction Closing Date for First Time Homebuyers


The first time homebuyers tax credits work
extremely well all over the country especially well in Nevada, California, Flordia, states were there’s such
a large inventory of homes. And as a result of this, we’ve been able to clear
a lot of this stuff that we wouldn’t have been able to sell otherwise. And we have such a backlog now of people who’ve
qualified, but we have to make sure that they finish the
paperwork before the time expires, so the reason that Senator Isakson and I from Georgia have introduced this legislation is to give them the
time to make sure that all the process and the papers done because they’ve already qualified.

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