Legal Question in Real Estate Law in California

Fair Issacs, the company that owns the proprietary mathematical formulae that all the credit reporting agencies use to calculate credit scores, has gone on record in the Washington Post saying that short sales and foreclosures are calculated essentially exactly the same for credit purposes. In other words there is NO reason that benefits the property owner for going to all the trouble of a short sale rather than just going though a "strategic default." All it does is get more money for the lender in most cases, and line the pockets of realtors, while putting the owner through all the trouble of a real estate sale for nothing. The tax forgiveness is actually clearer than for a short sale.