Illinois REO Realtor & Shortsale expert. Co-Author "Should I Short Sale My Home?" 9 year Certified Illinois Foreclosure Experience.
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Short Sales Important Update: The Mortgage Debt Relief Act of 2007 will expire at the end of 2012. What this means is that Short sale sellers will be getting sent a 1099 for their shortages starting Jan 1, 2013 if this bill is not extended. Considering some short sales take a year to close, I'd g...