Apr
27
2010
Mortgage Debt Relief Act of 2007 - Lenders approved short sale, How do I ensure I don’t pay taxes?
Posted by Usual in Lender Approved Short Sales, tags: 2007, approved, Debt, don't, ensure, Lenders, Mortgage, Relief, Sale, Short, taxesPrimary residence, first time buyer, purchased condo at $298K in August 2006. Had 80/20 option ARM, both lenders finally agreed to short sale. Property will be sold by end of this month for $145K. How do I make sure that I don’t end up paying taxes for the difference? Am I covered under the Debt Relief Act?

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