www.ForeclosureSlayer.com — John Sellers Group — 541-773-7355 Going through the short sale process allows the bank to net more on the sale of your home than if the property went to foreclosure. That’s good news for you, because more money for the bank means less you might have to pay in taxes. Also, the Mortgage Forgiveness Act of 2007 states that income tax does not need to be paid on short sales or foreclosures in many situations. There are options available. Check out this video and then go to http for more information on Oregon short sales and see if you qualify.