Distressed homeowners in Grand Rapids, MI will soon no longer be able to take advantage Mortgage Forgiveness Debt Relief Act.

Property owners in Alameda, Contra Costa, Sonoma, Solano and Napa Counties facing foreclosure and thinking about doing a short sale might want to hurry up. The Mortgage Forgiveness Debt Relief Act is set to expire on December 31, 2012.

If you've been thinking about doing a short sale on your Reno Nevada home, you might want to hurry. The Mortgage Forgiveness Debt Relief Act is set to expire on December 31, 2012

Mortgage Forgiveness Debt Relief Act, a law that allows homeowner not to pay income tax, till 2009, thru the statute of Emergency Economic Stabilization Act, tax exemption is now up to 2012.