• Bonnie Erickson, REALTOR® in the Minneapolis and Saint Paul area of Minnesota can be contacted by phone at 612-419-1829 or by e-mail


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February 05, 2007



December 2007 Congress passed the Mortgage Forgiveness Debt Relief Act of 2007. This Act amends the Internal Revenue Code to exclude from gross income amounts attributed to a discharge of indebtedness incurred to acquire a homeowner’s principle residence.

John Beck

You wont find public awareness on this topic of foreclosures , proper education is necessary to educate them accordingly .

john beck

This Is a very informative blog , I am really pleased to post my comment on this blog . It helped me with ocean of knowledge so I really belive you will do much better in the future . Good job web master .

Bonnie Erickson

Chris, Thanks for stopping by. Many of us are dealing with short sales with the recent market shift. You're right. Each one is different, but the consumers need to be aware of the little nuances that impact them!

Chris Lengquist

Good brief description. I deal a lot with this kind of stuff and each deal is different, even within the same mortgage lender. But the 1099 does suprise people!

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