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Updated over 14 years ago,
Tax Credit, fudging the date on P&S common practice till June 30th
Hello: can I assume with the April 30th deadline passing, fudging the date on P&S contract will be standard practice ? I would think as long as someone is closed and recorded on state/county site by June 30th, the Tax credit is alive. The reason I ask is, I am planning on doing this, and I am assuming everyone will be doing this for the next 2 weeks at least ? A couple of buyers managed to screw me on properties I was selling to them, (one used the inspection, the other one purposely crapped out on the mortgage) now I'm still trying to sell them. Sorta planning on writing April 30th on any P&S Contracts for next 2-3 weeks at least, if need be.
Any ideas on best way to go about this ? Maybe have the buyer fill in the dates ? Note: I list and sell the properties myself, so no realtor on my side of the equation. I am hoping the Govt will change the rules to, as long as Buyer is closed by June 30, the Tax Credit will apply.
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