Obama expected to sign Bill to extend First Time Homebuyer Tax Credit Deadline

The Senate has passed a bill extending the timeline for first time home buyers to close and still qualify for the tax credit. With Obama's signature the deadline to close will be extended from June 30, 2010 to September 30, 2010. The deadline for buyers to get into a purchase & sales contract was April 30th, 2010 so this extension only applies for those currently under contract who met this first deadline but are waiting to close.