Debt Forgiveness Act 2007- will it be extended?

I recently was reminded that the Debt Forgiveness Act 2007 will expire by 2012..Has anyone heard whether it will be extended? There is no mention of this on the IRS website..granted its 8 months from now but it will have an impact for future short sale clients.

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Comment by Sharon Tukay on March 31, 2011 at 7:13pm
Good question. That greatly affects our business. Where did you find that information that it will expire in 2012? It might be a good reference to share with clients who are on the fence ..

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