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

[tzgnilki]

How much equity does he have in the car? If it's over $3250 Nancy might want a piece of that too.

he owes near what it's worth after paying $378.20 per month for 3yrs

current market value: $14,700

balance outstanding: $13,682.19 as of 31st Jan

 

[Adamska]

He reaffirmed the car loan. I doubt that was a particularly good idea and I doubt he has any equity in it, but that conceivably opens him to a deficiency judgment on that, too, if he ever stops paying it for whatever reason. He is almost certainly underwater on it like the dumb pig he is.

The dumbest thing of all is he could've easily paid it off if he just eased down on the sweaty muscle men for like a couple of months.

Jesus, it's a good thing Pig got blocked for further trying to shuffle off what equity he has in his manchild mcmansion, since otherwise everything he'd "own" would be so underwater it's chilling in the Challenger Deep.

 

[Salubrious]

The dumbest thing of all is he could've easily paid it off if he just eased down on the sweaty muscle men for like a couple of months.

Jesus, it's a good thing Pig got blocked for further trying to shuffle off what equity he has in his manchild mcmansion, since otherwise everything he'd "own" would be so underwater it's chilling in the Challenger Deep.

He shouldn't pay off the car because that's the lowest interest loan he has.

He should have being paying off some of his credit cards instead. Those are at 25%-30%+ interest.

Bank of America: $26,038.00
Citi (8744): $15,601.00
Chase: $14,100.00
Citi (2122): $13,885.00
Capital One: $10,751.00
Discover: $10,052.00
Lending Club: $9,397.00
Citi (5710): $8,508.00
American Express [1008]: $6,422.00
US Bank: $4,751.00
Prosper Marketplace: $4,355.00
Sam's Club: $3,819.00
BMW Bank of America: $2,741.00
American Express (2001): $1,128.00

 

[Kosher Dill]

He reaffirmed the car loan. I doubt that was a particularly good idea

If he actually left the house often, or if Kat didn't work across the street, I wouldn't fault him for it. You still need a car, and there's zero chance Phil would be able to keep some $200 beater running with his street smarts. An idiot-proof Toyota would be worth keeping for imaginary Leaves-The-House Phil.

 

[Adamska]

He shouldn't pay off the car because that's the lowest interest loan he has.

He should have being paying off some of his credit cards instead. Those are at 25%-30%+ interest.

Bank of America: $26,038.00
Citi (8744): $15,601.00
Chase: $14,100.00
Citi (2122): $13,885.00
Capital One: $10,751.00
Discover: $10,052.00
Lending Club: $9,397.00
Citi (5710): $8,508.00
American Express [1008]: $6,422.00
US Bank: $4,751.00
Prosper Marketplace: $4,355.00
Sam's Club: $3,819.00
BMW Bank of America: $2,741.00
American Express (2001): $1,128.00

Pretty much, just highlighting just how trivial it'd be with his 100k making a year ass to fix some of this debt. Hell, in a quarter, he could pay off two of those cards easily and then have more money to waste on gatcha games or eating out, but then that'd mean less musclemen for his phone game NOW NOW NOW.

If he actually left the house often, or if Kat didn't work across the street, I wouldn't fault him for it. You still need a car, and there's zero chance Phil would be able to keep some $200 beater running with his street smarts. An idiot-proof Toyota would be worth keeping for imaginary Leaves-The-House Phil.

I seem to recall Pig at most had like 5-7k miles on it after owning it for like 3 years. So no, this was just him being mentally challenged again.

 

[Iron Hamster]

I am legit curious to see if he pays to fight the relief from stay motion. He's got 3 days to do it, and he doesn't have any income aside from tips that will be newly available in that timeframe. And Rochelle's dumb as shit if she doesn't get her money for it upfront.

If he's going to stick to his stream proclamation that they aren't going to get another dime, he has to oppose it.

 

[Kosher Dill]

I seem to recall Pig at most had like 5-7k miles on it after owning it for like 3 years. So no, this was just him being mentally challenged again.

Well yeah, I said "if". Realistically, he could just walk or hire an Uber the one time a week he leaves the house, and tell Kat to walk to work and burn off some of those potatoes.

 

[Alxmir23]

He reaffirmed the car loan. I doubt that was a particularly good idea and I doubt he has any equity in it, but that conceivably opens him to a deficiency judgment on that, too, if he ever stops paying it for whatever reason. He is almost certainly underwater on it like the dumb pig he is.

does he really need a car?. he goes out one day per week and supposedly lives near everything. worst case he could have groceries delivered,god knows he is lazy enough to pay extra for it

 

[Adamska]

I'm pretty sure Pig keeps a car because it's part of his autistic set piece of being a big successful man and not the low-T flabby cowardly manchild he actually is. This idiot probably believes that he is not successful unless he has a house, a wife, and a car.

So the Toyota is more a tool for his LARPing as a big responsible boy than anything else, especially given how he doesn't ever want to leave the house.

 

[eggsandwich]

He keeps the car solely because he likes eating out often. And he couldn't use anything like Uber or Grubhub because he's paranoid about detractors working there just to get him..

 

[Wing Zero]

I'm not gonna shit on Phil for wanting a car since even if it's something you rarely use, having access to that convenience is always a boon. However, him wanting a brand new one when he barely touches it is just him wasting money and still wanting to flex his "success" over detractors cause of how insecure he is.

 

[Iron Hamster]

What are the odds.............that the Midfirst has some 'online content' by an 'online content creator' telling them to fuck off months ago (proof he knew he was insolvent before Oct) because he will have to claim bankruptcy? It would be hilarious to see that used as evidence.

 

[BScCollateral]

I'm not gonna shit on Phil for wanting a car since even if it's something you rarely use, having access to that convenience is always a boon.

"I want a car" is a perfectly valid reason to have a car, until you're running short, let alone insolvent and declaring bankruptcy.

Did someone suggest he was paying $500 a month? That is a hell of a lot of Uber.

 

[AnOminous]

does he really need a car?. he goes out one day per week and supposedly lives near everything. worst case he could have groceries delivered,god knows he is lazy enough to pay extra for it

He doesn't need a WAkondo either.

What he really needs is a tard wrangler.

 

[Freshtodeath]

Ubers are everywhere in west coast cities. A guy like DSP doesn't really need a car. If the judgement is 50k why not get rid of car and take 13k off?

 

[BallBuster]

"I want a car" is a perfectly valid reason to have a car, until you're running short, let alone insolvent and declaring bankruptcy.

Did someone suggest he was paying $500 a month? That is a hell of a lot of Uber.

Closer to $600 since he needs full insurance on it.

Also they could realistically do the math of miles put on the car vs. what he pays and realize the number is so autistic that he doesn’t deserve a car.

Oh fun fact: he can rent a compact car monthly for $480 in his area.

 

[UncleTusky]

Mini-update: The Connecticut court system has issued a blanket postponement of evictions or ejectments until 1 June 2020 and cancelled all pending foreclosure sales, with a new schedule to be worked out in late July.

In the short term this means Phil will be liable for HOA fees on the property until at least June, probably longer with how slowly the courts move

In the long term we're looking at an even more protracted foreclosure and (fingers crossed) lien saga since the judges will have a huge backlog when they reconvene in June and I'd expect them to prioritize clearing that out over approving new foreclosure sales. This isn't anything Phil specific, there just aren't enough court staff to handle this kind of increased volume and there's less work in resuming an ongoing sale. Right now I'd say there's a decent chance we don't even get a sale until 2021.

 

[DiabeticSP]

Mini-update: The Connecticut court system has issued a blanket postponement of evictions or ejectments until 1 June 2020 and cancelled all pending foreclosure sales, with a new schedule to be worked out in late July.

In the short term this means Phil will be liable for HOA fees on the property until at least June, probably longer with how slowly the courts move

In the long term we're looking at an even more protracted foreclosure and (fingers crossed) lien saga since the judges will have a huge backlog when they reconvene in June and I'd expect them to prioritize clearing that out over approving new foreclosure sales. This isn't anything Phil specific, there just aren't enough court staff to handle this kind of increased volume and there's less work in resuming an ongoing sale. Right now I'd say there's a decent chance we don't even get a sale until 2021.

Phil's might get "fast tracked" (relatively) because there's no tenants. Its essentially an abandoned property.

But yeah this dumb motherfucker is ruining his life over a condo he could have sold and he isn't even saving on HOA fees/etc.

Only paying the mortgage is saved on and Midfirst is gonna attempt to shake him down for that (plus interest? Since they haven't 'actually' foreclosed yet?) later anyways.

 

[SaidNoOneEver]

Phil's might get "fast tracked" (relatively) because there's no tenants. Its essentially an abandoned property.

But yeah this dumb motherfucker is ruining his life over a condo he could have sold and he isn't even saving on HOA fees/etc.

Only paying the mortgage is saved on and Midfirst is gonna attempt to shake him down for that (plus interest? Since they haven't 'actually' foreclosed yet?) later anyways.

Who knows how this plays out, totally uncharted territory. I'd be tempted to stop paying the HOA since the State's order is preventing the sale. He needs to hire a CT lawyer with some of that vest money. This delay could cost him tens of thousands of dollars and for once, isn't his fault.

 

[hector85]

No, this is already happening and DSP for some dumb reason thought that the condo would be all they took. They want the rest of their money too. He doesn't have an Option 1. His option is the CT condo gets foreclosed on and then he is looking at owing another $50K on top of that.

50k is only a 500 vest streak, just give the pay pigs 3/4 of a year, they got this.