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MinnEcon Blog

Work. Found.

MinnEcon Map | Some found their dream job. Others found just enough work to get by.
by Paul Tosto

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Short sales: When walking away isn’t the end

"There is not a lot of reason to do a short sale in Minnesota," says Prentiss Cox, a University of Minnesota law professor who specializes in foreclosures. He says short sales only make sense for those who have good credit, who want to avoid having a foreclosure on their record, and who are "under water" on their housing debt only when the first and second mortgages are added together.

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