Weekly Twitter Digest (Link Roundup) for 2012-11-16

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

    On the misguided movement comment, you could also add in the MERS detractors.

    “OMG, MERS isn’t recording their assignments! MERS should record their assignments! MERS is only a ‘nominee’ for the beneficiary! We need to do something about this!”

    Okay, they did. The result in Oregon is rather than being foreclosed non-judicially, people many people are being foreclosed judicially. They took a situation where there was no real harm in most instances (the people were in default and would have been foreclosed with a non-MERS deed of trust), and converted it into a situation where people end up being foreclosed and owing a deficiency. I hope these same people don’t think up some way real estate agents are being harmed and try to rectify that. It would probably wipe out the industry! /sarc

    This is just a guess, but I suspect there will be legislation in Oregon making the MERS system acceptable with their processes. So the law will likely change, rather than the process. Assuming that occurs, what was gained?

  2. 2
    ray pepper says:

    the Occupy Movement off shoots of lil groups are hilarious at the auctions. Saw them at Pierce, Thurston, King & now recently in Sacramento and a couple Nevada Auctions. I would hardly call them groups. More like people who have a friend who is losing their home, they contact Occupy, and 5-10 people show up and make noise.

    Always breaks the boredom of the Auction and gives us time to get a hot dog or drop a deuce.

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