April 30, 2010, some new home buyer struggled to get a raftied contract in order to get the tax credit from Fed govt. Buyers who were able to do so have until June 30, 2010 to go to settlement.
Mortgage brokers are working more closely with realestate agents to make sure that the buyers have the financing needed to go to settlement
Buyers who are not able to get a contract on April 30, 2010 are hoping that congress would extend the tax credit period one more time.