According to Vicki Cox Golder, President of NAR, “We are strongly urging the Senate and the House to act quickly to pass this legislation and ease the minds and pocketbooks of these homebuyers. These are not buyers who just entered into the market. These are buyers who previously met all the qualifications for the tax credit, but find themselves at the mercy of a workflow jam with lenders or other delays such as lapses in the National Flood Insurance Program, Rural Housing Service, and new home construction, and might not be able to complete the purchase of their homes by the current deadline.  It would be a tragedy for them not to be able to complete the purchase in time to claim the credit.”

 

For a complete list of a state by state estimate of home sales that could be delayed please visit the Florida Realtors website.