by eyewash
Question by joe: Short Sales on ones credit rating in Today's Real Estate Market?
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?
Best answer:
Answer by David ZIt
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