If he does a short sale, without recourse, then he can aviod being billed for the shortage. If he walks away, he could very well be on the hook for that shortage. Another plus is that the shortsale process will clean up much faster in the future....
He has called 4-5 different realtors to get the place listed. Only one has responded, and once he found out it was a short sale, refused to list the house. At least, that’s what I’m being told. Queen Creek is foreclosure central in Arizona.