Statistics show this would be a huge benefit for those that were under contract by 4/30 considering many lenders (primarily Bank of America) are not completing the approval / denial / counter process for many of the offers. And even if they are approving sales within this time frame, buyers will have a hard time closing if they need financing. This is a huge benefit to buyers. Keep your fingers crossed that they move this through. If they can get it tied to the extension of unemployment I see no reason it will not go through. I do not believe they should change the date of contract signing, simply allow those who played by the rules the first time to not be penalized by the lenders who are still trying to learn how to run an efficient business and have multiple hands involved in the transaction…..