Weekly Twitter Digest (Link Roundup) for 2012-09-08

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.


  1. 1

    Here’s a link to Harney’s article on the effect of a short sale on credit scores:


    What I don’t get is why some people think that doing a short sale shouldn’t affect your credit score, at least where the deficiency is waived. Clearly it should have some impact, the question being how much!

    Unfortunately, credit scores are not entirely fair, which is something I’m used to. A person filing a Chapter 13 paying back 100% of their debt doesn’t get much credit for that compared to a person filing a Chapter 7 and walking away from their debt. I think it might even be in some ways worse because the discharge in a Chapter 13 doesn’t occur until the end, and I think that’s the date that starts the clock on the bankruptcy dropping off the credit report.

  2. 2
    Pegasus says:

    RE: Kary L. Krismer @ 1 – Real estate agents that that continue to falsely claim that a short sale is better on their credit report than a foreclosure should be locked up. Especially after Fair Issac has publicly come forward and specifically refuted this false claim for their FICO scoring. Common knowledge for years for those that don’t have an agenda to promote.

  3. 3

    RE: Pegasus @ 2 – The problem, IMHO, is the continuing education real estate agents receive. They’ll hear such information, either directly or indirectly, and repeat it to their clients and potential clients.

    As I mentioned in my two part Trulia piece on short sales, a better credit score is the “most questionable reason to do a short sale,” and attempting a short sale might even result in a worse credit score.

    But that’s as between a short sale and a foreclosure. I was commenting more on the attitude of some that doing a short sale shouldn’t be any hit on a credit score. Presumably those people think that people doing a short sale (and receiving a waiver of the deficiency) should have the same credit score as those who don’t default???? That’s just nuts.

  4. 4
    Lo Ball Jones says:

    Here are some new units that Lo Ball likes (I am not advertising…I have nothing to do with these people…I just like the way their houses look):


    But again I worry about total costs with fees and HOAs and all that stuff I don’t understand. I guess I’m asking..too good to be true? Or too good to pass up?!

  5. 5

    RE: Lo Ball Jones @ 4 – Not sure what that has to do with the Twitter news thread. Is the builder going to wrap the house in yarn? If so, I’d opt for the Gore-tex upgrade.

  6. 6
    The Tim says:

    RE: Lo Ball Jones @ 4 – I love how the model home renderings have big wide spaces around them with tall trees next to the house:

    But the actual homes look like this:

    That’s not misleading. Nope, not at all.

  7. 7
    David S says:

    RE: The Tim @ 6 – This has been the only way I see new construction presented lately. Most are pre-sales. The same rendering is used again and again for each unit in the platt. Saves money which I’m sure is passed on to the consumer.

  8. 8

    […] Ball Jones” dropped a link in the Saturday Link Roundup to a local homebuilder website that caught my attention for just how […]

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