Nicholas Robert Rekieta / Rekieta "Law" / Actually Criminal / @NickRekieta - Polysubstance enthusiast, "Lawtuber" turned Dabbleverse streamer, swinger, "whitebread ass nigga", snuffs animals for fun, visits 🇯🇲 BBC resorts. Legally a cuckold who lost his license to practice law. Wife's bod worth $50. The normies even know.

[indomitable snowman]

Well, LA has plenty of the antidote readily available for his "heat allergies": more heroin.

I hear Juju the cow is looking for a new co-host since his other one Sean left.

 

[Pelican Bones]

Possibly retarded question, but the 45 credit hours are college type that require waaaaay more than just 45 actual hours of time right?

Unlikely. The hours I need for mine are usually all computer/module or seminar based. If a particular course says it is 8 hours it can usually be done in 6 or so. I'm not a lawyer so I don't know if it works exactly the same for them, but I imagine it can't be too different.

 

[ReverendVerse]

The Zillow, Redfin, property tax records, whatever means is being used to estimate the home's value at current, is going to take a back seat to the appraisal. Who knows how much interior damage the house has. At minimum, shitloads of drugs were done in there. It might have mold problems and such. There's going to be a six figure bill to get it to code.

Regardless if it took 100-200k to renovate the house, it would still be a steal at 300k.

 

[Obnoxious Asshole]

Seems he is not "Authorized to Practice Law = Not Authorized"

Jesus Nick, you won LOTY back in May. I applaud the determination to win at all costs, but this is a bit much.

 

[Strix454]

All of it. Non-addicts typically have a hard time understanding how powerful and all-consuming addiction can be. You're the lab rat hitting the lever for the pleasure jolt until your heart blows out like a tire. It's fucking horrible, but it's also a choice. Rekieta has agency. He could've chosen to seek help and get the treatment he needed. But no, not this guy. He thinks he's special. He's the master of his fate. He's got this. He'll take it all the way down thinking he's got this. Dumbass. Stupid fucking junkie.

Its also the wife's fault. Any sane wife seeing this death-spiral would have divorced ultimatumed him into rehab. I mean its to the point where they are staring at homelessness with all those kids and Nick was buying coke rather than paying the bills. I mean she is an addict too, but there is usually some instinct for survival of the children that comes into play in these situations.

 

[Kosher Dill]

Thread's moving too fast. Has it been discussed that he might have just mortgaged the house to "sneak" about 300k from his own trust? Like the trustor told him "no" to a 300k withdrawal request, so he secretly mortgaged the house (and spent the money) as like a "fuck you, you should have just paid when I said"?

It doesn't seem that way. On the mortgage, Nick and Kayla signed on behalf of the Robert Lord trust and made it a party to the mortgage. If they could do that, they could presumably do anything else they want. This isn't "THE" trust with the oil millions.

 

[Law]

LOTY clinched - not that anyone else had a chance.

I heard someone from Meheecoh is in need of a roommate

It's gonna be sick, bro, it'll be a streamer house, bro, for real.

Spoiler: Powerlevel

Do Sheriff's Offices normally auction foreclosure homes?

My parents bought their house this way. It's actually not a bad way to get an affordable home. Kilz primer can take care of a lot.

The idea he took out a loan to pay for his proposed sex dungeon addition (which would have shared a wall with one of his kids’ room) is horrifying.

One of the dumbest/saddest/silliest things about the BDSM lifestyle is the way it takes sex, something that should be free, and turns into a money sink.
Way to fucking go, Nick.
What's his move, now? I was too tired from driving to 3 am piano lessons to pay my mortgage?

 

[RodgerDodger]

Nah, remember he has a heat allergy. Chances are he's moving his ass to some basement apartment in a shithole house in Minneapolis, preferably Lake Street, the Minneapolis equivalent of Skid Row.

I'm thinking Ethan Ralph's spare couch down Mexico way.

 

[Desktop User2]

how much was he giving to all these prostitutes Camelot says Nick was "addicted" to seeing?

Yeah, sex addiction when you are not a woman can be infinitely more expensive than drugs.

 

[Canard]

I hope Nick gets the kids a good education. At this rate they don't have any money left from inheritance... As it seems Nick is going to burn it all himself if he can...

 

[IamnottheNSA]

I wonder if there are any sweaties in the audience thinking how BASED it is to own the bank Jews by not paying your debt and get your home repo´d.

Maybe I'm blind but I didn't see the part where Jimbo got his home repo'd.

IMO this new info would make the upcoming stream even more interesting to watch - both Jim and Nick got in hot water with the bank Jews through poor financial discipline. But, when push came to shove, one of them pulled up and managed to resolve the issues, while the other one descended into madness. That's kino right there.

 

[Law]

He drove summer tyres on snow in Midwest American

I swear to God getting snow tires is like the equivalent of the marshmallow test for people who live in cold states.

 

[KittyLoaf]

His parents need to cut Nick and Kayla off, kick them out. Pay off the loan, give the house to the kids alone. Set up college/trade-school funds.
The only way to deal with destructive junkies is to let them feel the full consequences of their actions.

If Nick and Kayla killed themselves, it would be a net positive to the world. And their children might actually stand a chance. Their oldest already seems to have a better head on his shoulders than his weak pathetic junkie of a sperm-donor.

 

[Rodeo Roadrunner]

The amount of money he must have been spending on drugs is incredible. Dude was spending billboard top 10 musician levels of money on drugs. And the fact that he defaulted on his mortgage to buy more drugs is just incredible. That also means there is no way he is clean now. You can't be that addicted to drugs, so much so that YOU LOSE BOTH YOUR HOMES and just decide to quit like Nick claims. I know believe those bruises/track marks on his arms that people spotted were needle marks, he had to be running out of money at that point and was doing heroin or other cheaper/stronger drugs to get the same hit his coke lines wouldn't give him. Wonder what insane drugs he is doing now since he has no money to get cocaine, wouldn't be surprised if he is smoking meth in his rustang at this point.

 

[Goofy Logic]

A bit of hyperbole here, but a hilarious story to recount.

He drove summer tyres on snow in Midwest American

To be fair, aren't all brand new cars shipped with all season tires from the factory? You may have to specifically ask the dealer for a set of winter tires.

 

[Friend of Dorothy Parker]

Slippery Ice while he revs the engine like an asshole down the stretch near his home.

This literally happened on his way home from the dealer. Because he's an idiot who bought a non-AWD car he can't even control in clear skies and dry weather...in March in Minnesota.

What I am trying to figure out, is if that is true and it is why the house wouldn't be protected under bankruptcy, then how did he manage to take out a loan/mortgage against a property that wasn't technically his?

The property is his by virtue of he and Kaela being the Trustees of the trust. If Nick or Kaela are removed as trustees, they would no longer be the "owners", however if they are the beneficiaries of the trust, they would still have full access to the assets of the trust (subject to the terms of the trust).

He set up the trust and he & Kayla are the trustees (and the beneficiaries, I assume). It's completely within their control, and revocable, so a lender could get comfortable with the right paperwork. And I think he said or implied it's just a single-asset revocable trust, which makes no sense fiscally; I could believe he did it just because he's soooo famous and really really needed such privacy so no one in his legions of fans/ detractors would discover he owns such a fancy crack shack and ruin his "I was born a poor black child"* narrative and the (lol) upstanding and hardworking Christian man branding. Whoops.

* "Navin R. Johnson: Huh? I am *not* a bum. I'm a jerk. I once had wealth, power, and the love of a beautiful woman. Now I only have two things: my friends, and... uh... my thermos. Huh? My story? Okay. It was never easy for me. I was born a poor black child. I remember the days, sittin' on the porch with my family, singin' and dancin' down in Mississippi..." - Steve Martin in The Jerk (which might turn out to be even more on the money than just the origin story bullshit)

so can he pay these back payments?

Yes, you can cure a default/pay off the note and be fine (well, not fine, because you needlessly racked up fees and interest, but I mean you keep your house).

 

[Oh Darn]

To be fair, aren't all brand new cars shipped with all seasons? You may have to specifically ask the dealer for a set of winter tires.

Yeah, Balldo was literally just too much of a high-time-preference American to wait, and tried to drive it home with his child in the car

 

[talk talk talk]

Time for an overview of the foreclosure process in Minnesota so people can know what’s going on and what to expect. Every state does foreclosures differently and Minnesota’s is especially weird and debtor-friendly.

Minnesota allows foreclosure by advertisement and foreclosure by action. This is a foreclosure by advertisement. There is no court case filed. The vast majority of foreclosures in Minnesota are by advertisement.

The process starts with sending pre foreclosure notice to the mortgagor (Minn. Stat § 580.021-22). The mortgagor has an opportunity to make a deal with the mortgagee. This has been done in Rackets’ foreclosure.

If no deal is made, the mortgagee (bank through its lawyer) contacts the county sheriff and schedules the sheriff’s sale. Sheriff’s usually only do these one day a week. The sale must be at least six weeks AFTER publication of notice and four weeks AFTER service of the notice on the mortgagor.

Then notice of sale is published in the local legal newspaper AND is personally served on the mortgagor. The form of the notice is controlled by statute and they all look the same except for the names and amounts. This is where we are right now with Rackets.

Until the sheriff sale, the mortgagor (Rackets) can REINSTATE the mortgage by paying all the back payments, any late fees, and any other costs the lender has incurred like attorneys fees and publication fees. So, until February 4 at 10:00 a.m., the mortgage on the Balldo Bunker can be reinstated if Rackets ponies up.

One possibility is that the bank and the homeowner agree to delay the sheriff sale. This isn’t super-common, but it can happen if there is some sort of deal pending like the homeowner is selling the house and the closing is delayed a little. If new notice has to be published, the homeowner usually has to pay for it.

If Rackets doesn’t pay up before the sheriff’s sale, the property is sold at auction. These auctions are boring things that happen in a little office at the sheriff’s department. Almost always, the bank just bids the amount it is owed and no one else bids. The bank (or whoever has top bid) gets a sheriff’s certificate of sale that can be filed with the county to register that they own the property now.

This is where Minnesota gets kind of weird. After the sheriff sale, the old homeowner has the right to REDEEM the property by paying off whatever the property sold for at the sheriff’s sale. The redemption period is SIX MONTHS—which is a hell of a long time. During that time, the old homeowner can continue to live in the property and not pay anything.

Yes, this means deadbeats trash houses. Why do you ask?

Rackets’ redemption period—assuming the sheriff sale is not rescheduled—ends on August 4, 2025. After that time, he can be evicted in a short court proceeding and the foreclosure is done.

There are a LOT of weird things that can happen along the way. The redemption period can be shortened for abandoned property. The homeowner can essentially “swap” five months of redemption period to reinstatement period by postponing the sale.

Look forward to months of coping and sneeding as Rackets twists and turns.

 

[FatMan]

To be fair, aren't all brand new cars shipped with all season tires from the factory? You may have to specifically ask the dealer for a set of winter tires.

No. Vehicles like the GT500 will certainly have Z-rated performance tires on them stock. If it had all-seasons he'd probably have been fine.

 

[Freikstorn]

Possibly retarded question, but the 45 credit hours are college type that require waaaaay more than just 45 actual hours of time right?

Not sure.