Congress Considering Extension of Closing Date for $8000 Tax Credit

Collier Swecker video blogs about Congress considering legislation that would extend the closing date for homebuyers who have entered into sales contracts that qualify them for the $8,000 tax credit. The National Association of Realtors estimates that nearly 50,000 families will not be able to close on their homes by June 30, 2010, even though they have met all of the requirements to qualify. The banks and mortgage companies are so log-jammed with files that they cannot process all of the mortgages by the deadline. I am normally not in favor of governmental involvement in private industry, but in this case the Government has promised taxpayers benefits and is failing to deliver on these promises. On June 16, 2010, the Senate passed the Amendment, so it is off to the House for final vote there! If you have any comments or questions about whether Congress will extend the tax credit closing date, email me at Collier@MegaAgentRealEstate.com or visit my website at www.MegaAgentRealEstate.com.

   

About Collier Swecker

Collier Swecker is a licensed real estate broker, attorney, blogger, speaker and entrepreneur. He is the founding partner of the Mega Agent Real Estate Team at RE/MAX Advantage which ranks as one of the top selling real estate teams in Alabama. Collier also acts as a business and marketing consultant for small business start-ups.

Collier graduated from Auburn University (B.A., 1998), Cumberland School of Law (Juris Doctor, 2002) and Washington University School of Law in St. Louis (Masters of Law in Taxation, 2003). Collier was the principal partner of the law firm Swecker and Sparks LLC for 3 years before leaving the law practice for real estate development and sales.

Collier is a native of Yorktown, Virginia and currently resides in Birmingham, Alabama with his wife, Amanda Capps Swecker. Collier & Amanda are the proud parents to a beautiful daughter, Julia Abigayle. They have one dog named Kramer.

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