patrick.net

Very interesting. I had incorrectly assumed that a short sale w/deficiency balance was not as harmful to your credit score as foreclosure. Maybe I was wrong.

Good link.

I'm surprised you haven't received more comments. But I guess that's because almost nobody on this site is an owner/ seller. Most are buyers, future buyers, or buyer skeptics.
Your list would certainly be a surprise to RE agents, since they tell potential clients they can save more of their FICO score by selling short before they go to foreclosure. It is my understanding that the biggest hit to FICO is the late payment history, moreso than the end result. With that mind, I suspect this list is progressive, short sale or foreclosure after months of delinquent payments. I THINK that a short sale without ever missing a payment is a minor hit to FICO. Those do happen, though more rare.
It is interesting how the highest scores take the biggest hits.

The obsession with credit score is over the top. It reminds me of old taboos like domestic partnering or a history of using marijuana even one single time in your past.

The shrinking number of wealthy elites need borrowers more than we need credit. Part of the obsession with FICO score is to gin us all up on The Credit Life, so that they can continue to profit from "The Rent".

Anyone with disposable income and managing to save, has no business fussing about their credit rating.
Anyone in the a fore mentioned, with credit card debt, is a Damn Fool, and willing Sucker.

sybrib says

The obsession with credit score is over the top. It reminds me of old taboos like domestic partnering or a history of using marijuana even one single time in your past.

OH NO!!! Will smoking marijuana with your questionable domestic partner once in your distant past affect your credit score???

sybrib says

The shrinking number of wealthy elites need borrowers more than we need credit.

This may be true for the elites, but I think most people in the US would have a FAR lower standard of living if they had to go cold-turkey and give up their credit-smack.

This is a good article discussing credit rating and risk.

http://www.nytimes.com/2010/12/13/business/13credit.html?_r=1

In continuation with the previous posters thought that the companies need borrowers, many companies need to extend credit to make money off. Some are even willing to delve deeper than the traditional FICO score and look at the credit report for details. If a borrow only has a delinquency leading to Foreclosure and Short Sale, they are less of a risk and more likely to receive some credit cards.

A corollary of this is that the same borrow is more likely to receive home financing...eventually, though that is beyond the scope of the article.

Sean7593 says

Very interesting. I had incorrectly assumed that a short sale w/deficiency balance was not as harmful to your credit score as foreclosure. Maybe I was wrong.

most people think that way, but alas it's just as bad.