[Dec 15 2019] Foreclosure Saga - http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=FBTCV196091825S

[BallBuster]

$100k isn't accurate, he can credit the value of the condo (about $60k-70k if you trust Zillow) against the amount he owes so it's more like $30k-40k. Still a lot of money but David's in upper management and incredibly frugal from what we can tell while his mother spoils him rotten.

I bet you it is more accurate than you think.

 

[UncleTusky]

For what it's worth, the bank refused a short sale that was in the $60k range previously.

Right, but a short sale means they agree to sell it at a loss and that's the end of it. In a foreclosure, they can sell it for $60k and pursue Phil for the difference. If @Sparkletor 's post is true and Phil only paid just enough to avoid foreclosure, they'll have extra incentive to squeeze every cent they can out of him since they won't have made much on him in the past ~10 years.

 

[Martys_not_smarty]

I said it once and I'll say it again slightly adended, Phil thinks he's like his wrestling icon Vince McMahon when it comes to idea and being on the ground floor of a concept and he may be just out of coincidence but when it comes to finances he's like another wrestling promoter Paul Heyman a guy who according to almost anyone who worked with him could buy a 100k house and somehow owe double on it. That aside you better believe they're gonna lowball the shit out of that place for being derelict for as long as it was best case scenario he's left with 40k plus to get the Mormon cuck to cover with his Utah taxpayer funded fluff job.

 

[This comment matters]

If it wasn't exactly around the time, I believe it was in close proximity. It would make sense that it would come up in that sort of discussion, as he tries to explain away his problems and how he came into possession of something that's doing nothing but driving him further into debt. Phil kind of has a habit of giving more information than necessary, and it probably ties into his lack of a real social life and these things coming up casually, so he forces it to his audience.

I thought it was right after he got back from the mare-iage and him and Mommy Burnell went over his "ten year plan"

 

[Sparkletor]

$100k isn't accurate, he can credit the value of the condo (about $60k-70k if you trust Zillow) against the amount he owes so it's more like $30k-40k. Still a lot of money but David's in upper management and incredibly frugal from what we can tell while his mother spoils him rotten.

Dave is incredibly frugal? This is the same guy who decided on a whim to get a tattoo but didn't know what to get. He ended up getting his own name tattooed on his arm.

This is the guy who let his wife sit around the house and not work for 40 years.

This is the guy who paid to send his idiot son to private school for 12 years.

This is the guy who spent all his retirement from Skiorsky so he could take two years off from work.

Is this around the time that he stated on stream that he may just stop paying for the condo and let it go into foreclosure? I don't remember how long ago that was but I'm sure it was this year and people were talking about how stupid of an idea it was...because it is.

Yeah, when he came back from getting married in April 2019 he revealed his 10 year plan. Part of the plan was to stop paying for the condo.

 

[kebab4you]

Is this around the time that he stated on stream that he may just stop paying for the condo and let it go into foreclosure? I don't remember how long ago that was but I'm sure it was this year and people were talking about how stupid of an idea it was...because it is.

He said that close to when he came back from his honeymoon in Connecticut. So around April.

 

[Nypical Haterade Comment]

Remember when he called everyone who suggested he sell the condo “idiots”?

 

[Regulas]

inb4 Kat asks Tevin if she could say with him.

 

[Near]

View attachment 1052183

>gives money
Ha, take that DSP!

 

[DZoomer]

$100k isn't accurate, he can credit the value of the condo (about $60k-70k if you trust Zillow) against the amount he owes so it's more like $30k-40k. Still a lot of money but David's in upper management and incredibly frugal from what we can tell while his mother spoils him rotten.

Can you imagine raising a child only for him to then, when he's almost 40 years old, come to you and say: "Hey, Dad, I need 30k".

Mr. Burnell must be so proud of his son.

 

[Anonymous Dimwit]

It's only your business to give DSP money, not ask what he does with it.

 

[WeeblesWobble]

If it wasn't exactly around the time, I believe it was in close proximity. It would make sense that it would come up in that sort of discussion, as he tries to explain away his problems and how he came into possession of something that's doing nothing but driving him further into debt. Phil kind of has a habit of giving more information than necessary, and it probably ties into his lack of a real social life and these things coming up casually, so he forces it to his audience.

According to the documents he was skipping out on monthly payment (while begging his viewers for money for this specific thing) and paying just enough to not have them foreclose on the house. I'm assuming that around that time he just decided to stop completely. I remember him pretty much saying that he thinks that the bank will just take the home and he'd have a mark on his credit and be done with it.

Good luck Kat, this is on you too now that you're married.

Phil sell the house. "I can't"
Phil rent out the house "An extra several hundred dollars a month wouldn't help me at all"
Phil Sell the house you're in now and get something cheaper "I CAN'T"
Phil get a part time job to help with bills "I cant!!"

DSP doesn't own two homes, he owns two mortgages

www.youtube.com

 

[Billericay Dickie]

 

[actually]

Right, but a short sale means they agree to sell it at a loss and that's the end of it. In a foreclosure, they can sell it for $60k and pursue Phil for the difference. If @Sparkletor 's post is true and Phil only paid just enough to avoid foreclosure, they'll have extra incentive to squeeze every cent they can out of him since they won't have made much on him in the past ~10 years.

You are of course 100% right. I had a massive brain fart and somehow equated the attempted short sale with "the condo is actually worth less", which is patently stupid. With that said, most of the recent sales (that is, from 2019) are in the $50k-$60k range, so Phil's probably looking at owing more like $40k-$50k on a short sale, and possibly more depending on how fast the bank wants to unload the property. This could be a shitfest.

 

[Synth]

According to the documents he was skipping out on monthly payment (while begging his viewers for money for this specific thing) and paying just enough to not have them foreclose on the house. I'm assuming that around that time he just decided to stop completely. I remember him pretty much saying that he thinks that the bank will just take the home and he'd have a mark on his credit and be done with it.

Good luck Kat, this is on you too now that you're married.

Yeah, I know what you're talking about, I just don't remember if both explanations were done at the same time or when they were said. When he mentioned it, there was a lot of discussion on this board about what would exactly happen and how he would still owe money to the lender in most cases.

If it's all true, I can't imagine the thoughts going through his head over losing that much money by failing to get laid, and for the kind of place he got out of it. Again, I had been over there a few times and, while not in a bad area (even though he made it sound like a terrible area, it wasn't) and suitable for a bachelor, it's not somewhere I would choose to live.

 

[Nixxit]

This happens exactly as we were discussing Phil's lack of health in the main thread, and I think that his endgame should be pretty clear by now.

I'll admit, it's both ballsy and big-brained to buy lots of things on credit and die at 37 from cardiac arrest before people come knocking for too much of the money.

 

[h0g]

I'm glad something interesting finally happened. He has been boring as fuck ever since the Jasper 2K reveal.

 

[WeeblesWobble]

Yeah, I know what you're talking about, I just don't remember if both explanations were done at the same time or when they were said. When he mentioned it, there was a lot of discussion on this board about what would exactly happen and how he would still owe money to the lender in most cases.

If it's all true, I can't imagine the thoughts going through his head over losing that much money by failing to get laid, and for the kind of place he got out of it. Again, I had been over there a few times and, while not in a bad area (even though he made it sound like a terrible area, it wasn't) and suitable for a bachelor, it's not somewhere I would choose to live.

It was indeed in April right after the Marriage. Here's the Quote:
"...as of now, my primary focus is this house and paying this mortgage, and keeping the bi- the electricity and all that on. Whether that means that my credit gets permanently destroyed, because I'm not paying the mortgage in Connecticut or I'm not paying, or I'm not paying credit cards or whatever it may be, so be it. Because this is the important thing."

He also said that the CT condo being foreclosed would be a tremendous financial burden off of him because it would be out of his name.

 

[Banned in 49 States]

Hopefully the place is such shithole that the value drop and he has to fork over more money, if that is a thing.

I remember him complain his aunt didn't clean or anything when she was living there, I bet there is still clutter and shit thats just been sitting there all these years.

 

[BhilPurnell]

Doesn't look like he's received the demand for payment yet.