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CHICAGO (MarketWatch) -- Home buyers may soon win more time to get to the closing table to qualify for a federal home-buyer tax credit of up to $8,000. The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits approval in the Senate; a vote there could come as early as Wednesday. Under the House bill, buyers must close before Oct. 1 to be eligible for the credit. That means people who had hiccups in getting to the closing table would have a few more months to wrap things up. The closing deadline was originally June 30. To be eligible, buyers needed to have a contract in place by April 30, and that won't change through this legislation. The National Association of Realtors estimated that about 180,000 otherwise eligible buyers were likely to miss out on the credit if the original deadline was upheld. One big hurdle for buyers has been getting the mortgage approval on time, as lenders work through a clogged pipeline of applications. In the Senate, the measure to extend the closing date for these buyers is included in a bill that also would extend unemployment insurance. Majority Leader Harry Reid filed for cloture on the bill on Tuesday, and expects to have a cloture vote on the measure on Thursday, according to Reid's office. If cloture is invoked, that limits debate on the bill, bringing it a step closer to a final vote. But Reid said on the Senate floor Wednesday morning that he was working to get an agreement with Republicans to pass the House-passed tax-credit bill by unanimous consent as early as Wednesday, according to Regan Lachapelle, Reid's deputy communications director.

In Real Estate Abraham Galbut has specialized in the financing, construction, and conversion of multi-family apartments, long-term healthcare facilities, and hotels throughout Florida, Texas, Washington D.C., and Chicago.

John Christopher Reilly better known as John C. Reilly is a Hollywood Actor, who appeared in American movies. He was born in Chicago, Illinois, U.S. His Date of Birth is 24-May-65. He is also film producer, screenwriter, singer and comedian. He has appeared in more than 50 movies in Hollywood Industry.

Government foreclosures and bank foreclosed homes remain high in some areas of Illinois. However, improvements are being seen in the overall housing market.

Fixer upper homes for sale and empty homes have increased in most areas of Illinois. The vacant premises are affecting property taxes and revenue in the region.

Government repossessed homes and bank foreclosure numbers have remained low in some Illinois areas. However, homeowners are still seeking counseling services.

An FHA homes lending initiative is becoming popular among homebuyers in Illinois. The program used to be favored mainly by nonprofits and housing agencies.

FHA foreclosures and bank foreclosure numbers in Illinois might increase in the coming months. A proposal to use foreclosure as punishment has been put forward.

Foreclosure properties auctions and other residential property sellers sold fewer houses in March in Rockford. Year-over-year sales figures recorded a decline.