debt relief act of 2007

Mortgage loan origination date is August 2006, planning on a short sale, will it be covered under HR3648?

HR3648 Mortgage debt relief act of 2007, will it cover primary residence property purchased in august 2006?

Yes as your 1099 will be covered through 2012. It doesn’t matter when your loan was originated, just what year you got the 1099. Also, if your accountant can prove that you are insolvent (poor), then you are fine as well.