Faced with either side explore the arguments for the collateral damage to the parties' finances caused by short sales and foreclosures; the risks of going into short sales without competent, ethical advisors; the difficulty of ensuring that a spouse's indemnifications are adequate; and the upcoming expiration of federal legislation exempting forgiven mortgage debt from income taxation: and recent amendments to the California anti-deficiency statute. This program builds on the hypothetical posed in the article written by Judge Thomas Trent Lewis and Ms. Fisher for the Summer 2011 issue of the Family Law Specialist