I’ve read past answers to this question but the market has changed. Banks are struggling to get bad debt off the books. How are Short Sales being handled today now that there is no tax penalty? (Ref. Mortgage Forgiveness Debt Relief Act of 2007 and Emergency Economic Stabilization Act of 2008) How is it being reported to credit agencies by the banks these days?

Ryan seems upset about my spelling.I know Ryan never makes mistakes.So,thats why short sales are being with held.What bank did you work for?