The real estate world received very exciting news today!!! Congress has passed the bill extending the Homebuyer Tax Credit  closing deadline to September 30, 2010!  The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed.  There will be no gap between June 30 and the date the President signs the bill into law. 

Additionally, Congress has extended the National Flood Insurance Program (NFIP)  through September 30th.  The bill is retroactive and will cover the lapsed period from June 1, 2010, to the date the law is enacted.