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

[James Smith]

Scenario A:
Bank takes possession of property. Bank takes a loss and doesn't pursue him for the rest. He has to pay taxes on the difference as its deemed income

Yeah, it would be considered forgiven debt. He'd probably walk away with like $10K in additional income taxes in the year it was foreclosed.

Scenario B:
Court looks at his income and says to stop being a bitch and pay his mortgage. Bank gets paid what its owed (from when he stopped paying + fees + costs) and he is still on the hook for the rest of the mortgage

Scenario C:
Bank forecloses on the property and pursues him for the rest. Now heres where a US legal expert should come into it. AUS law doesnt like turfing people out of their homes, but he doesnt have 30-40k in assets (including junk like TVs) to pay the rest. He MAY lose his WAkhando over this. The positive is, after a few rough months, he could find a place to rent with MUCH LOWER costs and live there, building his bank account (keeping what is left over from the liquidity of the WAkhando minus the 30-40k) and buy a new place in a few years with 0 debt. He could very well pigroach his way to this outcome. He makes 100k+ remember, low costs of living in a rented place means he could buy a place in 7 years (when credit is back to normal) with most (if not all) of the purchase price from his bank account. This implies he knows how to save and not splurge but you know.

Just because the lender wins in CT court doesn't mean they can go take his stuff in WA. They'll have to take additional steps to go get the money judgement enforced against out of state assets and income. If they try to take his condo or anything he will have to file for bankruptcy to protect it, otherwise it's fair game. Nothing is automatically protected just because he needs it or because it's important to him.

 

[Canadian Tire]

It strike anyone else as weird that the demand letter hasn't been delivered in almost 3 weeks? Makes me wonder if they tried to deliver it, which I believe requires some form of signature, and Phil hasn't accepted it (by virtue of refusing to answer the door during streaming). Also added the link for tracking to the OP.

The gated community comes in handy once again, keeping out all the detractor couriers.

 

[DarkSoulsPhil]

Just because the lender wins in CT court doesn't mean they can go take his stuff in WA. They'll have to take additional steps to go get the money judgement enforced against out of state assets and income. If they try to take his condo or anything he will have to file for bankruptcy to protect it, otherwise it's fair game. Nothing is automatically protected just because he needs it or because it's important to him.

See this is where I need a US law expert to come into it. It could take a while, but I can't see why, if the bank was really that determined, they couldnt go after it. I don't think its immune, but I do recognise it could be difficult

 

[WeeblesWobble]

He seems to be playing it off like it isn’t a big deal right now. Chances that his parents are already taking care of this?

Also, Does anyone know if his parents were co-signers on the condo because if so... this is bad for them as well.

I highly doubt his parents are taking care of this for him. If the rest of his story about the marriage trip is true, he told his mom he would walk away from the condo since it is costing him so much. Now, the way he worded that is up for debate. I doubt he flatout told her he was going to just renege on the homeloan. He probably said something like he'd "Take care of it" or something. They gave him money for the tax saga and I highly doubt that they have this type of money lying around unless they are not opposed to draining their 401ks to bail their almost 40 year old son out of a horrible decision.

My guess is that they don't know he is letting it go into foreclosure, and if they do then they are absolutely exceptional for not talking him out of it.

Also, Phil is playing this off because he doesn't really know what he got himself into. He thinks foreclosure is just a black mark on your credit report.

 

[Forbidden Math]

I really like how he was just like "You know bankruptcy or whatever". Like Phil, you don't just get to go to court and say "BANKRUPTCY!!!" and they don't ask any questions and just forgive your debts while tanking your credit. You will be asked to prove you're bankrupt, and they don't mean "oh man I'm so poor I can only go out once a week and eat an expensive meal with my beard- er- wife".

 

[Canadian Tire]

My guess is that they don't know he is letting it go into foreclosure, and if they do then they are absolutely exceptional for not talking him out of it.

His mama was the one that told him to do it, lol

 

[Mr.PiggyOinkOinkOink]

I’m real curious how this plays out and how fast this problem goes away. Has he really played us all and sitting on a little gold mine to bail himself off?

Someone feel free to correct me but now does this play out if he just has to go on a payment plan for the rest of his life? The dude brings in so much money in theory one more bill shouldn’t even matter I’d imagine....

I’m just hoping for the perfect scenario where his stupidity and shortsightedness finally catches up to him in a tangible way

 

[andr0id psycho sho(ker]

Since no one has said it

WAHKAHNDO FOREVER! CONKHANDO NEVER!

 

[That Hedonist Nerd]

This is a non-issue. He'll get forecxlosed, have to owe some money, then file chapter 13 and go on with life.

 

[Comma]

Lol, DSP just received an anonymous $50 tip, and I just couldn't get rid of this mental image:

 

[Sparkletor]

Didn't he deliberately overpay for the condo because his boss was going to buy it and he wanted to piss him off?

Where exactly did you hear this theory? The boss of the multi-million dollar helicopter parts manufacturing plant wanted to buy a one room condo. Seems legit.

I don't know how it works with that potential amount, but if Phil doesn't get his bank account tapped and siphoned, and he keeps from paying, the bank will just sell the debt to less savory collectors. Phil can worm his way out of paying, but his phones will be blowing up as they call to collect. For a guy that values peace of mind, he's going to call it gang stalking or something.

The silver lining is that the second owner of the debt may be willing to cut a deal, or even the bank itself, and he could get what he wanted (debts killed at significant discounts). Even settling hits your credit report though, and he's going to have credit problems more than cash problems due to this.

His mortgage already got sold to this bank that's suing him.

I can't imagine what was said, but if Phil told the first bank to fuck off and he wasn't paying them, they probably were upset. A few months later they sell his debt to another bank who immediately sues him for foreclosure. Sounds to me like the new bank doesn't play games.

If Phil doesn't have an attorney (he doesn't) who is going to bargain with the plaintiff's attorney for a deal? Phil is waaay too busy for that. He will end up paying whatever they ask because he is lazy.

 

[James Smith]

Current payment data if he got an FHA loan at a ballpark going rate in April of that year. The rate could have changed by the time he bought it in June.

This is a non-issue. He'll get forecxlosed, have to owe some money, then file chapter 13 and go on with life.

I disagree. That trustee will establish a budget for him that will make his anus bleed. Dude thinks he doesn't have any fun money now? He's in for a rude awakening. He'll be fine, but he'll hate his life.

 

[WeeblesWobble]

I’m real curious how this plays out and how fast this problem goes away. Has he really played us all and sitting on a little gold mine to bail himself off?

Someone feel free to correct me but now does this play out if he just has to go on a payment plan for the rest of his life? The dude brings in so much money in theory one more bill shouldn’t even matter I’d imagine....

I’m just hoping for the perfect scenario where his stupidity and shortsightedness finally catches up to him in a tangible way

Like most things, this will just cost him money. It won't end him, not even close. Mostly just another bad idea that he'll get bailed out of by the kids who watch him. If he ever has to file for bankruptcy then he'll have someone basically slapping his hand whenever he reaches for his wallet until his debts are paid. It's not a situation he wants to be in.

 

[mollymawk]

Someone asked Phil about his condo on yesterday's pre-stream and he gave a very antagonistic tight-lipped response.

Listen. You're not going to fool me into talking about drama about this crap. If you've noticed, I haven't mentioned a lot of stuff behind-the-scenes at all, because it has nothing to do with my streams, and you guys don't need to know about it. But right now, I don't have to talk about any of that, and I don't want to talk about that stuff.

Using PigPigGo, pulled a few recent mentions of the condo searching for the terms 'condo', 'mortgage', 'financing', 'short sell', 'Connecticut', etc:

October 31st [1] [2]​

October 19th [1:37]​

October 6th​

September 5th [1:02]​

July 31st [1:24]​

May 22nd​

May 21st [3:45]​

April 4th [1:05]​

​

=== Today ==

One week follower's only mode.​

Condo foreclosure is 'detractor content'.​

Everyone banned, chat is dead.​

Stupid Trollish shit.​

Rocko loves Jasper.​

My business is not my business.​

I'm about to ragequit this game.​

pwdubz personal assistant.​

Give your attention to me, and only me, ree.​

Giant orange gummy human skull.​

Miscellaneous: [1] [2] [3] [4] [5]​

Spoiler: Shenmue III Moderation (23 bans, 10 600s timeouts, 7 deleted messages)

## Moderators present ##​

thatanonymouse (4.5 hours)​

eternal_napalm (2 hours)​

madara_is_god_ (1 hour)​

[10:45:07] [Notification] forclosure_phil subscribed at Tier 1.
[10:45:52] BAN: forclosure_phil

[10:54:11] <v4sheltercat> why do u talk bad about wings of redemption
[10:54:23] BAN: v4sheltercat (600s)

[10:54:23] <homeless_gamer43> @thatanonymouse youre being an entitled goose
[10:54:31] BAN: homeless_gamer43 (600s)

[10:54:51] <FriendlyRaccoon> pay $101,769.44 LUL
[10:55:11] BAN: FriendlyRaccoon (600s)

[10:58:25] <Jayjamz92> im sorry you can't afford a haircut Phil, you must be really doing bad
[10:58:32] BAN: Jayjamz92 (600s)

[11:09:15] <kanashi_ultra> shout out soma julius cruz
[11:09:22] BAN: kanashi_ultra

[11:11:55] <v4sheltercat> if your actually wearing dsp merch your never getting laid ever
[11:12:07] BAN: v4sheltercat (600s)
[11:12:17] BAN: v4sheltercat (60s)

[11:12:24] DELETED: grungy1risen (facts @v4sheltercat)

[11:13:54] <v4sheltercat> phil I sent you 100 dollars and you still asked for more
[11:13:59] BAN: v4sheltercat

[11:15:52] <culturedwarrior> dspCheer100 Please don't insult me I'm new here. To me it sounds like a spending/earning ratio problem
[11:15:58] BAN: culturedwarrior

[11:16:01] <captain_baohzai> @darksydephil can you really blame people for being nosey when you tease us with vague terms?
[11:16:13] BAN: captain_baohzai

[11:16:02] <phils5dollafootlong> The man with common sense is over $100K in debt
[11:16:34] BAN: phils5dollafootlong

[11:16:39] <lomaxflax12> is he the only person still playing this game expecting tips?
[11:16:49] BAN: lomaxflax12 (600s)

[11:18:30] <%grungy1risen> how dare we ask what he wants money for
[11:18:47] BAN: grungy1risen

[11:18:52] <banquet_of_pepsi> I wonder when NoCouture is gonna save Phil from the tax monster like Emerald Seven last year and King tut before that
[11:19:03] BAN: banquet_of_pepsi

[11:19:31] <kingofthecondo> Why did you buy another condo even though you still had a £100,000 mortgage on your previous condo? @darksydephil
[11:19:38] BAN: kingofthecondo

[11:28:59] <Thorne420> stop blaming others and take some responsibility for yourself
[11:29:06] BAN: Thorne420

[11:29:35] <dankmanridescart> $101,679.44
[11:29:43] BAN: dankmanridescart

[11:30:22] <$mid_first_bank> Cheer100 Hey Phil, where is my $101,769.44 + Interest+Fees+Collection Costs? Just wondering the date is getting closer bro.
[11:30:32] BAN: mid_first_bank

[11:37:24] DELETED: propcgamer19 (thats soo gay)

[11:38:33] <$boomermangaming123abc> dspCheer100 dspCheer100 dspCheer100 dspCheer100 dspCheer100 So you are asking for my help to pay YOUR TAXES then you claim I am insulting you by asking a simple question about said taxes which you use as an excuse to insult my intelligence multiple time then tell me to "go fuck myself" then ban me after supporting you positively with 4 dollars worth of cheers my first two streams. If I were stupid I would help pay your taxes without question. The whole situation seems suspicious Phil.
[11:38:41] BAN: boomermangaming123abc

[11:41:24] <transparentgoatee> $101,679.44
[11:41:29] BAN: transparentgoatee

[11:47:03] <midfirstbankct> @darksydephil Hey Phil, how much will the Week Long Tips Goal be for the CT Condo Foreclosure (FBT-CV19-6091825-S)? Thanks in advance.
[11:47:29] BAN: midfirstbankct

[11:47:40] [Info] This room is now in 1 day followers-only mode.

[12:08:39] <OaksFinMojo> So @darksydephil will you be having a fundraiser for the 15k bill you're about to get from the CT condo foreclosure?
[12:08:49] BAN: OaksFinMojo

[13:24:40] <refurbished_babyman321> phil basically got a waterfall of mucus running from his nose into his throat dspPepe the only way he can deal with it is by making these disgusting sounds dspPepe
[13:24:52] BAN: refurbished_babyman321 (600s)

[13:26:17] <lmb0_0> His taxes say he has to pay with horrible sinuses for all eternity
[13:26:22] BAN: lmb0_0 (600s)

[13:30:50] <xQUANTUMxx> Dsp, saw the news about the condo. Maybe you shoulda paid the bills instead of buying COD this year
[13:31:12] BAN: xQUANTUMxx
[13:31:30] BAN: xQUANTUMxx (600s)

[13:38:17] <lmb0_0> I never said fuck
[13:38:28] <lmb0_0> Or shut up
[13:38:56] <lmb0_0> I’m just wondering what I did wrong not bitching
[13:39:13] <lmb0_0> Then explain it
[13:39:16] BAN: lmb0_0

[13:54:52] DELETED: bigbadbudddha (well thats good chat. he can afford to pay 128k to Midfirst Bnak + legal fees no worries)

[13:55:28] <tripartitealignment> so why does he always moan about how poor he is?
[13:55:36] BAN: tripartitealignment (600s)

[13:56:12] <+Traciewhitmore> Where Tev1n at?
[13:56:21] BAN: Traciewhitmore

[14:07:03] <bigbadbudddha> i cant stop laughing at these Fairfield/Bridgeport court documents. goddamn comedy gold
[14:07:12] BAN: bigbadbudddha

[14:07:31] DELETED: homeless_gamer43 (@bigbadbudddha cmonBruh)

[14:07:31] <refurbished_babyman321> I gotta check that shit out brb
[14:07:36] BAN: refurbished_babyman321

[14:07:54] [Info] This room is now in 1 week followers-only mode.

[14:09:33] DELETED: zerasleguy (Stoopid trolls with their fake dahcuments)

[14:12:07] DELETED: Legopig1976 (Phil, I do not know how to contact you, but someone just put a video (about 30 mins ago) up with screenshots concerning the courts and you.I have reported them for doxing you. But I thn, you have to contact youtube to try and get thej to take it down)

[14:14:20] <%$Legopig1976> look I was just tryibg to warn phil, but if the mods are happy with his court details being leaked, fuck him he deseres it
[14:14:42] BAN: Legopig1976

[14:38:07] DELETED: xblinktwicex (Wow, just heard the news about the condo)

[15:14:04] <Lordrevan1138> are you going to commit on the rumor of you getting sued
[15:14:14] BAN: Lordrevan1138

[15:39:23] <brandys_bee_hole> @darksydephil Any thoughts on Vote_Democrat not donating after people made fun of him
[15:39:49] BAN: brandys_bee_hole

Spoiler: MediEvil Moderation (15 bans, 1 600s timeouts, 0 deleted messages)

## Moderators present ##​

madara_is_god_ (1 hour)​

[18:49:41] [Info] This room is now in 1 hour followers-only mode.

[18:58:44] <+odinson584> Do tou guys thinks it's morally wrong not to pay your debts?
[18:59:04] BAN: odinson584

[18:58:59] <crazycollin10> So what are these insane rumours about “foreclosure” concerning Phil? Is it just more fake troll drama?
[18:59:09] BAN: crazycollin10

[19:08:30] <lolcowphil> hey phil why did you gr00m LiA. Na and buy a 130k khando? duhuhuh Im 40 years old with a mental disorder huhuh I dont have to pay back the loan
[19:08:41] BAN: lolcowphil

[19:08:51] [Info] This room is now in 1 day followers-only mode.

[19:20:55] <+sirlazyyy> Are you getting sued?
[19:21:09] BAN: sirlazyyy (600s)

[19:37:09] <Ruayy> @darksydephil LETS GET THIS TIPS GOAL TONIGHT GUYS $100,000 WE CAN DO THIS
[19:37:21] BAN: Ruayy

[19:38:02] <ximatryhard> darksydephil Is it true that your own over 100k$??
[19:38:13] BAN: ximatryhard

[19:38:06] <Greyonic> did he address the foreclosure
[19:38:18] BAN: Greyonic

[19:38:10] <jaspers_smelly_ltrbox> Anyone think Phil and Richard kinda look alike?
[19:38:22] BAN: jaspers_smelly_ltrbox

[19:57:41] <swinewhine> @darksydephil would u ever consider starting a church to avoid paying taxes?
[19:57:54] BAN: swinewhine

[20:04:50] <456454554> * The condo board is also listed as a co-defendant. If they're held liable for some amount of Phil's debt, they might be entitled to sue him to recover the money in a follow-up case.
[20:04:54] BAN: 456454554

[20:21:44] <dragoncorno> hey dsp looks like you own 100k+ dollars for that condo in CT. what r going to do about that?
[20:21:53] BAN: dragoncorno

[20:36:32] <pepsi_pimp1> Phil, Wings brings his cat on stream every time he streams. Dont you think you should bring Jasper more often since we met the goal for him? @darksydephil
[20:36:40] BAN: pepsi_pimp1

[21:22:38] <Sirtoxicbomb> Is your house getting foreclosed on? I’m worried for you Phil, I <3 you
[21:22:48] BAN: Sirtoxicbomb

[21:51:32] <+N_Tys> heard you were doing a podcast with Wingsofredemption. whens that happening? super intrigued.
[21:51:40] BAN: N_Tys

[21:53:16] <Fromagramtoakey> Don’t lie you have no friends
[21:53:25] BAN: Fromagramtoakey

[21:54:17] <80cansofcatfood> i see a weird blank patch
[21:54:27] BAN: 80cansofcatfood

 

[LiquidCancer]

Where exactly did you hear this theory? The boss of the multi-million dollar helicopter parts manufacturing plant wanted to buy a one room condo. Seems legit.

Despite what Phil would have you believe he wasnt the Vice President of the company. His boss would have been some middle management type, not the fucking owner of the company.

 

[actually]

His mama was the one that told him to do it, lol

Let's be clear. He says his mom told him this. He also claims Kat came up with his birthday week nonsense. The same Kat who literally stays as far away from him as possible and especially so on stream.

This seems like his stupid ass idea that he's deflecting onto his mom so if/when it goes south, he did everything right and did nothing wrong.

 

[DiabeticSP]

Besides fucking his credit, wouldn't this allow him to owe less for a shorter amount of time on the dead property?

35k<100k, essentially.

Then in 8 years when he's got his centet unit paid off and some kind of equity in it he'd be better off than he is now, since he refuses to sell the property.

 

[actually]

Besides fucking his credit, wouldn't this allow him to owe less for a shorter amount of time on the dead property?

35k<100k, essentially.

Then in 8 years when he's got his centet unit paid off and some kind of equity in it he'd be better off than he is now, since he refuses to sell the property.

If he's trying to refinance the WAkhando still, I imagine this would make it much harder.

 

[That Hedonist Nerd]

View attachment 1052666
Current payment data if he got an FHA loan at a ballpark going rate in April of that year. The rate could have changed by the time he bought it in June.


I disagree. That trustee will establish a budget for him that will make his anus bleed. Dude thinks he doesn't have any fun money now? He's in for a rude awakening. He'll be fine, but he'll hate his life.

I want to hope you're right, but he always manages to get away unscathed.

 

[James Smith]

Besides fucking his credit, wouldn't this allow him to owe less for a shorter amount of time on the dead property?

35k<100k, essentially.

Then in 8 years when he's got his centet unit paid off and some kind of equity in it he'd be better off than he is now, since he refuses to sell the property.

One of two things will happen:

• he will not owe the difference between what he owes and what it sells for and it'll be out of his hair by like 2021 but he'll have to pay tax on that forgiven debt
• he will owe the difference between what he owes and what it sells for and he'll pay part of it through bankruptcy by like 2026

He would normally continue paying for it until mid-2039.