Mark Roth answers the question in Businessweek yesterday.
I say yeah, right.
In most cases, short sales are heavily weighted towards the lender in California. In many cases, borrowers are better off allowing foreclosure. Tell the bank to pound sand.
Of course, this is not a moral discourse. I’ll assume that you’ve done your diligence in trying to keep your property, and haven’t heloced the heck out of the place.
Is a short sale right for you? In most cases, no. Mark is dead wrong about California.
What do you think?