Welcome to chicagoshortsalelaw.com
This website is intended to provide general information about the short sale process from the attorney perspective regarding short sales in the Chicagoland region.
This website is produced by:
Reda | Ciprian | Magnone, LLC
Attorneys at Law
8501 W. Higgins Suite 440
Chicago, IL 60631773-399-1122
fax 773-399-1144
Category Archives: Income Tax
Mortgage Forgiveness Debt Relief Act of 2007 helps many short sellers
In 2007, Congress passed Public Act 110-142, commonly known as the Mortgage Forgiveness Debt Relief Act of 2007. Before the law was enacted, any debt canceled or forgiven by a secured lender in a short sale or other transaction was … Continue reading