The Charleston, South Carolina area is a great place to live or have a vacation home. The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country. It is because of these reasons that I believe Charleston SC Real Estate is truly unique. I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:
Extension of National Flood Insurance Program and Homebuyer’s Tax Credit Approved
With Hurricane Alex threatening homes along the Gulf Coast Wednesday night, the U.S. Senate temporarily extended the National Flood Insurance Program until September 30th. The action would make the federally backed flood insurance available to coastal residents and other flood prone communities. The legislation passed unanimously late Wednesday and would be retroactive to June 1st. The President must still sign off on the extension.
The Associated Press reported tonight that Congress has sent President Barack Obama a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. The legislation would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale. The bill only allows people who already have signed contracts on or before April 30th to finish at the later date.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
