Comments on: Doing a Short Sale Before Default? http://investorwealth.com/blog/2008/06/13/doing-a-short-sale-before-default/ Brought to you by InvestorWealth.com Tue, 02 Dec 2008 19:46:40 +0000 http://wordpress.org/?v=2.2.1 By: Jon Christopher http://investorwealth.com/blog/2008/06/13/doing-a-short-sale-before-default/#comment-7492 Jon Christopher Sat, 14 Jun 2008 21:17:13 +0000 http://investorwealth.com/blog/2008/06/13/doing-a-short-sale-before-default/#comment-7492 Lenders can try and 1099 a homeowner now but it is pointless. The mortgage debt relief act that was passed by congress helps homeowners avoid paying tax on forgiven debt. Also, if the homeowner can prove a qualifying hardship they may be able to short their loan prior to being behind on payments. <a href="http://www.shortsaleway.com/short-payoff.html" rel="nofollow">Jonathan Christopher of Short Sale Way</a> Lenders can try and 1099 a homeowner now but it is pointless. The mortgage debt relief act that was passed by congress helps homeowners avoid paying tax on forgiven debt.

Also, if the homeowner can prove a qualifying hardship they may be able to short their loan prior to being behind on payments.

Jonathan Christopher of Short Sale Way

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