Chris Adams

Any service member who is or has been on extended duty for 90 days or more between Jan. 1, 2009 to April 30, 2010, has until April 30, 2011, to sign a sales contract and until June 30, 2011, to close on the property. Both the $8, 000 1st-time and the $6, 500 repeat home buyer tax credits are included in the extension. The rule that requires buyers to repay the credit if they move out of their home within three years has been waived for qualified service members if they receive government orders to move.