Many of you have heard that the First Time Home Buyer Tax Credit has been expanded and extended which I believe will keep the real estate industry from coming to a complete standstill after the original November 30, 2009 deadline.  The new deadline is that you must be under contract by May 1, 2010 but must close by June 30, 2010 to collect the credit.  They also raised the annual income limit from $75,000 to $125,000 for a single person and from $150,000 to $225,000 for a married couple.

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