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

[gaarashatan]

DSP just said on pre-stream that the beggathon will be purely about taxes. "Everything else you hear, is bullshit".

Clip:
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-EDIT- R.I.P.

View attachment 1053669

For new people: that red thing is a 10,000-bit badge, which means DSP has received over $100 from this person. Thanks for the money, dummy!

boom, i chose the 2k poll on the main dsp thread. also big lul, i cant believe he actually decided now was a good time to put up such a huge goal. i mean why even do it in the first place? but not to mention right after this drama? omg hes such a fucking tool

i always loved how he tries to sell his honesty. "thats the truth of the matter" like bruh every other word out your mouth is some lie that jsut goes right onto the pile and spider web.

"i gotta pay bills, i gotta pay for food, i gotta pay for my cando" man i wonder where all that condo money went. also cant kat scrape together 2 grand from her job? i mean wtf is she using her money for? if kats working a fulltime minimum wage job that household should be making like 130-140k a year easy

 

[Martys_not_smarty]

Well, serious question here: what do you do if you're deep underwater on a mortgage and your credit is abysmal? Every mortgage I've ever seen has a provision that you can't just sell the house out from under the bank without completely paying off the mortgage - the whole point is that it's secured debt, so you're not allowed to just sell off the security and stiff the bank.
Phil would presumably have to come up with the $30K shortfall (or whatever it is) on his own, and with his credit score no one would lend him the money. He'd have to bring it upfront in cash. Obviously that's not going to happen - at least as long as he keeps paying 2 mortgages.

The only way I could see him getting out of this legitimately is just selling the WA place, moving back to CT, and living in the money pit until he either pays off or buys out his overpriced mortgage. I don't think "just sell the khando" was ever an option.

The moral: don't be an idiot when buying property, because it's easy to get into trouble and hard to get out.

The would more than likely be some sort of sitdown between the bank, the judge and lawyers to break down his annual income since signing for the property along with things such as assets meaning his Wakahndo and the cars then the offers for a payment plan would begin maybe something along the lines of tacking it onto his current mortgage or something to that effect. What they'd want to do is be able to confirm yes this is all over with the property is ours and you acknowledge you owe us the difference in it's value question is how do you pay us back.

 

[Comma]

So this clip makes me curious: Is Phil lying to his audience about the issue or does he just think it's a detractor meme because he hasn't been officially notified yet? I mean, I assume he would have at least checked the document, but this news is still pretty fresh so maybe that hasn't made it's way to him. The only reason I question all this is because he's going to need CONSIDERABLY more than $2,000 and I find it odd that's all he's asking for.

Maybe he really thinks he's being proactive about next years taxes and has no idea what is about to hit him.

I'm getting the feeling he's not that bothered by the looming foreclosure. Seems like he's actually aiming for the bank selling the condo and going after him for the difference between what he owes and what the condo will sell for. Maybe he thinks: well, I now owe $100K, so I'd rather owe $30-40K instead of that.

I'm not well-versed on the subject, but could this be an option? Could he be aiming for some kind of payment plan for that possible $30-40K, or is that not possible in this particular situation?

 

[gh0stzero]

Posting an archive of the king of hate forums thread on the foreclosure. You can find the thread here:

DSP's Secret Financial Issue: Foreclosure

Please donate and save his second home he wasnt paying on. http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=FBTCV196091825S New tip goal: $101,000

thekingofhate.com

[Page 1 Archive] - http://archive.li/gTXED

[Page 2 Archive] - http://archive.ph/inPxj

I'm only posting this in case someones wondering later on what his forums looked like during the saga, the only interesting thing about this thread is that Phil has not deleted it yet and he's currently streaming Pokemon sword.

 

[actually]

I'm getting the feeling he's not that bothered by the looming foreclosure. Seems like he's actually aiming for the bank selling the condo and going after him for the difference between what he owes and what the condo will sell for. Maybe he thinks: well, I now owe $100K, so I'd rather owe $30-40K instead of that.

I'm not well-versed on the subject, but could this be an option? Could he be aiming for some kind of payment plan for that possible $30-40K, or is that not possible in this particular situation?

Dunno, but I just checked and he was supposed to respond by December 10th and didn't. Not going to endear him to anyone involved. I would think he's hoping they either forgive the difference (FUCKING LOL) or do some kind of payment plan. Thing is, though, he's not going to be able to refinance his WAkhando, so he's still going to be struggling with his debt and will now have another payment he can't miss.

 

[andr0id psycho sho(ker]

I'm getting the feeling he's not that bothered by the looming foreclosure. Seems like he's actually aiming for the bank selling the condo and going after him for the difference between what he owes and what the condo will sell for. Maybe he thinks: well, I now owe $100K, so I'd rather owe $30-40K instead of that.

I'm not well-versed on the subject, but could this be an option? Could he be aiming for some kind of payment plan for that possible $30-40K, or is that not possible in this particular situation?

One question to add to that is would Phil stick to the payment plan. My guess is a resounding no, given his previous financial exploits

 

[Harvester of Shekels]

I am armed to the teeth with my snacks. This saga will be one for the ages.

 

[Kosher Dill]

One question to add to that is would Phil stick to the payment plan.

Or more to the point, would anyone think for even one second that he would? I'm guessing the banks are not going to be too accommodating of Phil when they see his track record and that juicy six-figure income ripe for the plucking.

 

[Synth]

I'm getting the feeling he's not that bothered by the looming foreclosure. Seems like he's actually aiming for the bank selling the condo and going after him for the difference between what he owes and what the condo will sell for. Maybe he thinks: well, I now owe $100K, so I'd rather owe $30-40K instead of that.

I'm not well-versed on the subject, but could this be an option? Could he be aiming for some kind of payment plan for that possible $30-40K, or is that not possible in this particular situation?

I'm pretty sure the bank can agree to settle for whatever if they want to. But if they can m1lk him they will. Seeing as how it was bought with this looming, I want to think they'd do that.

Let's say he ends up owing $30k. $100/mo over 30 years is 17%, which seems kind of reasonable as a rate for something like this, though I don't know for sure. $100/mo is definitely likely doable for him, and you could probably pump it up to $150, which is 44% interest for an extra $24k. The extra $50 a month? All his useless TV subscriptions.

It's going to come down to his income vs. mandatory expenses, like existing debts. They'll tell him to fuck off with all the extra shit he doesn't need.

 

[BallBuster]

I'm pretty sure the bank can agree to settle for whatever if they want to. But if they can m1lk him they will. Seeing as how it was bought with this looming, I want to think they'd do that.

Let's say he ends up owing $30k. $100/mo over 30 years is 17%, which seems kind of reasonable as a rate for something like this, though I don't know for sure. $100/mo is definitely likely doable for him, and you could probably pump it up to $150, which is 44% interest for an extra $24k. The extra $50 a month? All his useless TV subscriptions.

It's going to come down to his income vs. mandatory expenses, like existing debts. They'll tell him to fuck off with all the extra shit he doesn't need.

No bank will settle when they see the person makes over 100k a year and owns a second home. They will come after him hard. As I said before banks are not in the business of losing money.

 

[Banned in 49 States]

I'm getting the feeling he's not that bothered by the looming foreclosure. Seems like he's actually aiming for the bank selling the condo and going after him for the difference between what he owes and what the condo will sell for. Maybe he thinks: well, I now owe $100K, so I'd rather owe $30-40K instead of that.

I'm not well-versed on the subject, but could this be an option? Could he be aiming for some kind of payment plan for that possible $30-40K, or is that not possible in this particular situation?

The only realistic thing he could do in court would be to argue for a payment plan.
Of course he need to prove that he can't pay the entire settlement by submitting his finances and expenditures on necessities like food, electricity etc etc. Anything he needs to get by and they don't tend to be very lenient on that, like if he claims they spend 1.5k on food and groceries, they can call bullshit and mandate the two of them can easily live on 700$.
Anything deemed excess will be ignored.

This can vary from place to place and even if he is super lucky to get a lenient payment plan, the bank will probably not let him spend 20 years to pay it down, they will want all that in a couple of years.

EDIT: Also you don't get dragged to court for minor things that can be settled over a phonecall. DPS has probably ignored multiple phonecalls from the bank and if they drag him to court they will want to bleed him as much as they can.

 

[Pepper Jack]

No bank will settle when they see the person makes over 100k a year and owns a second home. They will come after him hard. As I said before banks are not in the business of losing money.

Plus the bank bought the mortgage from Phil's original mortgage company knowing he was behind. I'm sure they have a team of actuaries and underwriters that determine how much they can get based on the persons income and expenses in addition to the estimated value of the condo.

This bank knew buying Phil's mortgage was a risk and they are going to pursue every opportunity to collect what is owed.

Phil gonna have to pay what he owe.

 

[Regulas]

This guy sounds like he's either underage or a undercover shitposter.

 

[pegecag785]

I'd pay millions to see Phil in court and trying to use his bullshit ass excuses that he uses on Twitch against the judge.

 

[Filthy Greenskin]

Maybe I missed it somewhere in skimming the previous pages but what timeframe are we looking at?

 

[Pepper Jack]

He was shitposting

View attachment 1053786

This guy sounds like he's either underage or a undercover shitposter.

 

[Martys_not_smarty]

Maybe I missed it somewhere in skimming the previous pages but what timeframe are we looking at?

This goes back to November-ish when the bank began processing the court order and the last update was a few days ago when Phil didn't contact the court meaning a default judgement for the bank.

 

[Mr.PiggyOinkOinkOink]

All this talk about court and my earlier comment about turning on the stream to a love seatless phil has my creativity juices flowing and now I’m just wondering what other out of the blue stuff could just happen.

Imagine dark keeps all this shit under wraps somehow and one day he’s like 30-50 minutes late to stream, he turns on the camera and we just see dark in a little suit while he loosens his tie, his face is the classic bummed out look usually accompanied by his black begging shirt, then we hear him moan and speak “sorry I’m so late guys, I just got outta court”

 

[BrokeACKMountain]

boom, i chose the 2k poll on the main dsp thread. also big lul, i cant believe he actually decided now was a good time to put up such a huge goal. i mean why even do it in the first place? but not to mention right after this drama? omg hes such a fucking tool

i always loved how he tries to sell his honesty. "thats the truth of the matter" like bruh every other word out your mouth is some lie that jsut goes right onto the pile and spider web.

"i gotta pay bills, i gotta pay for food, i gotta pay for my cando" man i wonder where all that condo money went. also cant kat scrape together 2 grand from her job? i mean wtf is she using her money for? if kats working a fulltime minimum wage job that household should be making like 130-140k a year easy

$2000 is way less than I expected, though honestly I was sort of expecting him to do a longer time period. When you think about it, $2000 isn't that much more than his usual tips goal ($800 less than the $200/day he'd normally be doing for the 6 days of streaming). Guessing the psychological effect of it being a fundraiser, and the "festive spirit" might help milk the piggies. Wonder what he'll give back?

 

[Filthy Greenskin]

This goes back to November-ish when the bank began processing the court order and the last update was a few days ago when Phil didn't contact the court meaning a default judgement for the bank.

So how long before things actually start ramping up for Phil? Does it all depend on how fast the bank moves and/or the speed of the courts?

All this talk about court and my earlier comment about turning on the stream to a love seatless phil has my creativity juices flowing and now I’m just wondering what other out of the blue stuff could just happen.

Imagine dark keeps all this shit under wraps somehow and one day he’s like 30-50 minutes late to stream, he turns on the camera and we just see dark in a little suit while he loosens his tie, his face is the classic bummed out look usually accompanied by his black begging shirt, then we hear him moan and speak “sorry I’m so late guys, I just got outta court”

I doubt Phil owns a suit, he'd probably turn up in his finest begging black shirt and $10 amazon cowboy hat.