If a Homeowner in Mortgage Distress Owes More Than the Value

If a homeowner in mortgage distress owes more than the value of the home,and is unable make the loan manageable by refinancing or modifying the mortgage,the next recourse often is a short sale of the property.All of the following statements are true regarding a short sale EXCEPT:

A) Legal costs should be lower with a short sale than with foreclosure
B) A short sale usually enables a better sale price and a faster sale than foreclosure
C) A short sale is less damaging to the borrower's credit than a foreclosure,thereby enabling the borrower to be eligible for another mortgage loan sooner
D) A short sale relieves the seller of any other outstanding obligations on the home,such as owner association fees or a second mortgage.