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At least they didn't increase it to $15,000 as rumored before.....
We are closing tomorrow on our 1st new home, and I would be pissed if we missed out on an extra $7000 by just a few weeks.
Sweet! I'm about to go under contract on a home with closing on December 18th... I didn't qualify as a new home buyer or even under the income restrictions of the previous one but we have owned our current home for a little over 5 years and were within the salary guidelines on this one! $6,500 we weren't expecting!!!!!!!
I wonder if that means attorneys will stretch closings now. We are scheduled to close on the 16th - our buyer wanted a fast closing and now, all of a sudden, has all kinds of issues. We need to get out of here as we are relocating. Good deal for people benefiting from the extension. Not such good news for the sellers.
Suits me fine since I'm set to close in December. As a policy proposal however, it's right up there in the "bad policy hall of fame" with cash for clunkers.
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