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.

[Salubrious]

I feel awful for the kids, but especially the oldest. There's no way that he hasn't either read this foreclosure notice or will in the next couple of days. What do you even do with the information that your drug addicted parents are about to lose the house too, your one place of security?

 

[maguyver16]

Elissa posted the highlights of STMS with Aaron discussing 1) The foreclosure 2) The Farms 3) The law license. It's been a while since I embedded but this seems worth it - it's entertaining.

To the Farms: "suck my dick":

Send him a sonichu medallion and tell him it's a medal

 

[Major]

This is quite the new year's present, nick. Well done. Good to see you don't waste time. Wonder where the new bunker will be...under a bridge maybe?

 

[Burt Macklin]

You can get shit like this on Amazon though, then just get them engraved:

Since we have Nick's address [ 12291 51st St Ne, Spicer MN 56288 ] do we all just send him one from each of us?

Oh wait, Aaron? If only we had his address .... [ 1028 Sequoia Ave, Saint Cloud, MN 56303 ]

ETA :

This is quite the new year's present, nick. Well done. Good to see you don't waste time. Wonder where the new bunker will be...under a bridge maybe?

Too low class. He'll be in a sleeping bag in some strip mall handing out pamphlets about how he's starting a new church.

 

[Stiffy]

I'm no Nostradamus, the reason I predicted something major would happen between Christmas and New Years is partially Occam's razor, and partially a clear vision I had weeks ago. Occam's razor says if something major is going to happen in a toxic situation then the holidays are an ideal time for it to happen.
As far as the vision. I saw God bringing Nick to his knees ala King Nebuchadnezzar, but instead of showing contrition Nick just scoffed, and then blamed God for punishing him as most stubborn narcissists usually do. Nick Rekieta is an unredeemable reprobate narcissist who will die a narcissist. These are the facts.
I could buy Nick's home tomorrow because I still get no interest home loans through my military service.
Nick deserves everything that's about to come to him and more, and it's about to get a lot worse.
"Cocaine is a hell of a drug"
James Ambrose Johnson Jr.

 

[ghastlyretard]

Hate to quote myself, but in one month, the home depreciated by +$50k. ONE MONTH. His fucking mustang didn't even depreciate that much in a month, and those things depreciate by the mile, and with the amount he was driving (see traffic tickets, driving in snow, and estimated drug runs/mileage to Minneapolis), Jesus fuck.

By February, if trends suit, it most likely will to go down minimum $150k, maybe +$200k when it gets out all the sex, drugs, and naked Twister that went down there.

More proof when you're just given something by a trust fund and don't work for it, your drug addicted son isn't going to take care of it, even if he says he will in the name of "passing it on to his children." Hopefully his parents stop funding this fucking retard.

I'm down to clown on Nick for poor choices and shit, but this is likely just the county appraisal district filing new appraisals and he protested the new value. Appraisal Districts will take every chance they have to fuck you hoping you won't protest it. This would be the one time the gubmint really was out to get him, and his ODD may have finally worked out for him. Or fuck, maybe an executor of the trust files a protest every time regardless, is that possible?

 

[ye's Official KF Burner]

We need to change the title again because he is once again no longer authorized to practice law

 

[Himedall All-seeing Waifu]

He's got charges in Iowa?

Yet another speeding ticket? The absolute state of this fucking retard. The real question is, do you guys think the Iowa cops were absolute bullshit lying and should fuck off like the Minnesota cops? Did they have to hunt him down for the cash like Minnesota does

This is the story he told:

 

[ye's Official KF Burner]

Send him a sonichu medallion and tell him it's a medal

Consider: Sonichu Balldo Medallion

 

[Burt Macklin]

I'm down to clown on Nick for poor choices and shit, but this is likely just the county appraisal district filing new appraisals and he protested the new value. Appraisal Districts will take every chance they have to fuck you hoping you won't protest it. This would be the one time the gubmint really was out to get him, and his ODD may have finally worked out for him. Or fuck, maybe an executor of the trust files a protest every time regardless, is that possible?

My realtor buddy told me the fact that the house is now out publicly, depreciation sets in. Said it correlates with why Hollywood Celebrities want their shit private, because when it's found out, depreciation sets in (Streisand effect and why she tried to fight it, she was selling her house).

Could be totally fucking off, but the fact that the house is "out there" might be a problem.

 

[Tour of Italy]

Nick Rekieta IRL:

The idea that any father can have that kind of income for years and not own their home free and clear is unbelievable to me.

He snorted his kids’ childhood home up his nose.

Drugs don’t harm anyone my ass. Nick is a walking, slurring case against libertarianism.

Truly deserving of Lolcow of the year.

 

[ghastlyretard]

My realtor buddy told me the fact that the house is now out publicly, depreciation sets in. Said it correlates with why Hollywood Celebrities want their shit private, because when it's found out, depreciation sets in (Streisand effect and why she tried to fight it, she was selling her house).

Could be totally fucking off, but the fact that the house is "out there" might be a problem.

A house "depreciating" just boggles my mind.
What happens when the house is sold, it covers the debts that Nick had. Will the rest of it go to him or does the bank pocket it for the pleasure of fucking him on a reverse mortgage?

 

[AnOminous]

I'm down to clown on Nick for poor choices and shit, but this is likely just the county appraisal district filing new appraisals and he protested the new value. Appraisal Districts will take every chance they have to fuck you hoping you won't protest it. This would be the one time the gubmint really was out to get him, and his ODD may have finally worked out for him. Or fuck, maybe an executor of the trust files a protest every time regardless, is that possible?

Unless they actually did some kind of investigation, which seems pretty unlikely, it does sound like bureaucratic fuckery. Not going to immediately blame Nick for whatever this is.

What happens when the house is sold, it covers the debts that Nick had. Will the rest of it go to him or does the bank pocket it for the pleasure of fucking him on a reverse mortgage?

Also why do people keep calling this a "reverse mortgage?" It is not a reverse mortgage, it is a totally normal mortgage.

 

[Oxyjen]

Consider: Sonichu Balldo Medallion

Baldochu. Can we commission Chris to make this?

 

[Swole McPole]

TLDR from what I saw :

Prior occupant of the Balldo mansion was one Timothy Matthew Vande Grift?!?

 

[Himedall All-seeing Waifu]

A house "depreciating" just boggles my mind.
What happens when the house is sold, it covers the debts that Nick had. Will the rest of it go to him or does the bank pocket it for the pleasure of fucking him on a reverse mortgage?

If sold for more than the liability, Nick gets the excess. The bank only is owed what they are owed, and the house is technically Nick's--he was just legally forced to sell.

Also, it is not a 'reverse mortgage'. That was mis-reported, and it needs to be corrected. It was a regular second mortgage he took out at a high interest rate against the home he owned..

 

[Fat Gay Riker]

So around this time in 2025 we are going to learn he did something like the mortgage with his family car, right (I am retarded so I don't think it's possible, but if Nick is going for a 3-Peat, and there is definitely a will, so is there a way)?

 

[talk talk talk]

A house "depreciating" just boggles my mind.
What happens when the house is sold, it covers the debts that Nick had. Will the rest of it go to him or does the bank pocket it for the pleasure of fucking him on a reverse mortgage?

If some flipper buys it at the sheriff's sale for more than the amount owing, Nick gets the excess. And his redemption price is the total amount paid at the sheriff's sale.

If/when the bank sells the house after the sheriff's sale, the profit is all the bank's.

 

[Burt Macklin]

A house "depreciating" just boggles my mind.
What happens when the house is sold, it covers the debts that Nick had. Will the rest of it go to him or does the bank pocket it for the pleasure of fucking him on a reverse mortgage?

It's boggling because most add value to the home. You'll see in the documents I uploaded most of the home's upgrades were done by the owner before Nick. He's the one that depreciated the home by his bullshit, like not fixing a kitchen sink cabinet. If that's the only thing "known of" that he didn't fix, imagine what else there is.

Homes usually go up in value, but not for this trust fund coke-head retard. So I understand your confusion.

---

My realtor buddy has explained to me the mortgage amount reported to be taken out is wrong. Everyone says $316k, but he took out almost the entire homes value. See below from Page 14 on my original post [ also posted below ]. He bought the house for $650k. Loan is for 30yrs fixed rate. It was just $316k this year. He will owe more.

 

[Watching Rekieta]

This is the story he told:

Iowa don't play. He paid them $150 after they filed suspension paperwork.

It was a regular second mortgage he took out at a high interest rate against the home he owned..

Technicaly it's still a primary mortgage (and interest rate). It's repaid first in cases of sale/foreclosure. A second mortgage gets paid after the first mortgage is paid in full (whence why the interest rate is high for added risk). He should have got the best rate available for whatever loan type he applied for) since it had no liens or mortgages.