Money Reverse mortgage

[Fapcop]

Like come on, no sane banker will renegotiate a mortgage with Chris after Barb's death.

Well don’t forget that the house was mostly or completely paid off when Bob died.

And as for a bank renegotiating with Chris, I wouldn’t exclude it.

(Well, obviously there’s nothing to renegotiate now but...)

Chris is on SSDI. There’s no way he’ll lose that money, he can’t get fired and creditors can’t touch it.

If you’re a bank, what’s more appealing:

Signing a contract with an obviously retarded manchild who’s good for 1500$ every month until the day he croaks?

Sit on the property for years?

Or sell the house and land for 20.000$ to a developer who’ll tear it down?


Chances are they would have gone for the first option. (And fuck, depending on the particulars of Virginia law, maybe they had to. Some places have pretty strict laws about relatives or residents taking over a property.)

 

[The American Hedgehog]

I'm skeptical over whether there's a reverse mortgage. In the podcast, Null says there are three reverse mortgages. According to this only one reverse mortgage can be taken out at a time. His comment about the house being used as collateral for consumer debt mirrors the time he misspoke about a reverse mortgage. Chris might have misunderstood something when relaying info to Null... like, Chris consistently calls his disability benefits SSI despite evidence pointing to it being SSDI instead.

 

[Argh My Cigar]

I'm skeptical over whether there's a reverse mortgage. In the podcast, Null says there are three reverse mortgages. According to this only one reverse mortgage can be taken out at a time. His comment about the house being used as collateral for consumer debt mirrors the time he misspoke about a reverse mortgage. Chris might have misunderstood something when relaying info to Null... like, Chris consistently calls his disability benefits SSI despite evidence pointing to it being SSDI instead.

Reminds me of how he claimed to have earned two degrees from PVCC and apparently not knowing/understanding that one was his actual associates degree and the other was just a CADD certificate granted through the program. He probably assumed that any fancy piece of paper with a stamp on it given to you by an academic institute is a degree.

Seems like any matters that a functioning, adjusted 40 year old adult should have a broad understanding of are lost when Chris tries to make sense of them. He also probably gets most of his financial knowledge from Barb, and she is most certainly not savvy in that regard.

 

[Fapcop]

I'm skeptical over whether there's a reverse mortgage. In the podcast, Null says there are three reverse mortgages. According to this only one reverse mortgage can be taken out at a time. His comment about the house being used as collateral for consumer debt mirrors the time he misspoke about a reverse mortgage. Chris might have misunderstood something when relaying info to Null... like, Chris consistently calls his disability benefits SSI despite evidence pointing to it being SSDI instead.

Well, it’s Null’s retelling a piece of information he got from Chris reading his moms mail apparently.

So yeah, I agree that the room for error is very big here.

What makes it believable for me is the apparent end of the financhu crisis. There has been no begging for awhile, Chris is laying low on his usual lazy attempts at hustle dollars out of weens. And clearly he has enough money to piss away on multiple $300 Lego sets.

So clearly SOMETHING has happened. And a reverse mortgage makes the most sense.

 

[Tiger Tanaka]

Reminds me of when Bob died and Chris read his plans for finance. Did he write them in fucking crayon for that boy-ape to understand? No amount of simplicity or charity could save him.

"Chris, I've left a million dollars in the safe. The code is your date of birth"

He'd get confused, smash the safe with a rock, then sell it as defective because he can''t force the door open.

 

[Tikbalang]

Reminds me of when Bob died and Chris read his plans for finance. Did he write them in fucking crayon for that boy-ape to understand? No amount of simplicity or charity could save him.

"Chris, I've left a million dollars in the safe. The code is your date of birth"

He'd get confused, smash the safe with a rock, then sell it as defective because he can''t force the door open.

Jackpot

 

[deadson]

The financhu crisis seems to have mostly passed. It’s been a while since Chris did any serious begging, and lord knows he isn’t exactly working his butt off on commissions etc.

And we have regular reveals of new shit he bought. And the pictures of probably thousands of dollars of LEGOs and other random crap.

It does really look like Barb remortgaged/reverse mortgaged the house a year or two ago. Chris being the dumbass he is, doesn’t ask her about it, and is just relieved that he has more tugboat money to spend than before.


@Null seems to think that he will be able to help Chris out, once Barb dies. But I wonder if he has considered all the asspatters and orbiters currently in play.

It’ll be a real circus, that’s for sure.

Everyone who has ever been on the inside with Chris, will descend on him like autistic ravens on a corpse, all trying to get to pull his strings.

Wouldn’t be surprised if Null ends up losing that battle to some Aspergers-Wormtongue, since he doesn’t want to play pretend.

I thought Null was done with Chris and his shenanigans, and cut him off years ago when Chris displayed his "gratitude" when people donated out of sympathy for his situation.

 

[Tikbalang]

You’re buying a piece of internet history!



Getting a reverse mortgage to pay off your consoooomer debt is about the dumbest thing you can do.

Consumer debt: Credit cards, car loans, all that shit, can go bye bye in a bankruptcy. Yeah, your credit score will be in the toilet, but you’ll clear your debts and not owe a cent. And still have your house.

Do the reverse mortgage though, and you are pretty much fucked. That debt can’t be discharged in a bankruptcy and you’ll lose your house.

Is Chris aware of this?

 

[Aldora]

Is Chris aware of this?

Why would he care? If the house is is Barbs name, then so would any mortgage, reverse or otherwise.

 

[Fapcop]

Is Chris aware of this?

Well, supposedly Chris is where Null got the info. Chris opened some of Barb’s mail and read aloud.

A better question would be: Does Chris COMPREHEND this?

Or is it one of those things like Barb’s death where he’s aware of the fact that it’s coming but just chooses to ignore it.

 

[Yamcha's Only Fan]

Well, supposedly Chris is where Null got the info. Chris opened some of Barb’s mail and read aloud.

A better question would be: Does Chris COMPREHEND this?

Or is it one of those things like Barb’s death where he’s aware of the fact that it’s coming but just chooses to ignore it.

Chris only understands "Now we have money." and "we need money nownownownow!" any other detail goes over his head.

 

[Pope of Trash]

Well, supposedly Chris is where Null got the info. Chris opened some of Barb’s mail and read aloud.

A better question would be: Does Chris COMPREHEND this?

Or is it one of those things like Barb’s death where he’s aware of the fact that it’s coming but just chooses to ignore it.

I really doubt that he comprehends it at all. Even if it was explained to him, I don't think he'd understand, and really, like others have said, I'm pretty sure that all he cares about is that they have money at the moment.

 

[troon patrol]

I fucking knew Barb was pulling a reverse mortgage, its like the epitome of bad home owner decisions. How could Barb NOT pull something that stupid? I don't think she's giving the money to Chris, though; not really a "Barb kinda thing" to do, its all going to hoard one QVC purchase at a time. The Chandler way is not to learn from your mistakes, the Chandler way is to double-down till you're living in a fire hazard, 50K in debt with an autistic man-child who actively pisses away tard bux and occasionally conspires to kill people well into his late 30's,

 

[Naamaleipuri]

I fucking knew Barb was pulling a reverse mortgage, its like the epitome of bad home owner decisions. How could Barb NOT pull something that stupid? I don't think she's giving the money to Chris, though; not really a "Barb kinda thing" to do, its all going to hoard one QVC purchase at a time. The Chandler way is not to learn from your mistakes, the Chandler way is to double-down till you're living in a fire hazard, 50K in debt with an autistic man-child who actively pisses away tard bux and occasionally conspires to kill people well into his late 30's,

To be fair, I think Barb really doesn't care about Chris anymore. She has a few years left and she's damn sure she's not going to change her lifestyle for her insane son/daughter/grandson/goddess.

 

[Fapcop]

I fucking knew Barb was pulling a reverse mortgage, its like the epitome of bad home owner decisions. How could Barb NOT pull something that stupid? I don't think she's giving the money to Chris, though; not really a "Barb kinda thing" to do, its all going to hoard one QVC purchase at a time. The Chandler way is not to learn from your mistakes, the Chandler way is to double-down till you're living in a fire hazard, 50K in debt with an autistic man-child who actively pisses away tard bux and occasionally conspires to kill people well into his late 30's,

In Barb’s defense, it kinda makes sense in a total “screw my autistic son/only heir” kinda way.

Yes, reverse mortgages are usually pure idiocy. (Regular debt can be discharged in a bankruptcy. Reverse mortgages can’t.)

Barb basically traded the house and Chris’s future for piece of mind and a higher standard of living for herself in the last years of her life.

 

[Picklechu]

In Barb’s defense, it kinda makes sense in a total “screw my autistic son/only heir” kinda way.

Yes, reverse mortgages are usually pure idiocy. (Regular debt can be discharged in a bankruptcy. Reverse mortgages can’t.)

Barb basically traded the house and Chris’s future for piece of mind and a higher standard of living for herself in the last years of her life.

Chris would have been incapable of keeping the house no matter what; Barb owed at least $100K on the second mortgage and the bill was $900/month, whereas Chris' tugboat is $1300/month. Barb has additional consumer debt, so it wouldn't be only Seterus coming for the house once she goes to the Goodwill in the sky (Discover and Capital One we know about, but I assume there are others). On top of this, if Chris inherited the house free and clear somehow, or if he were added to the mortgage or anything of that nature, his creditors would come after it in addition to Barb's.

A reverse mortgage is fucking stupid generally, but, assuming Barb really has taken one out on 14BC, it won't make a difference once she's gone. That being said, it does relieve the financial pressure on them in the present.

 

[A Grey Cat]

One way or another with 5k in debt a reverse mortgage going to useless QVC crap instead of bills and food and Chris unable to control his compulsive spending in useless crap. Christian weston chandler is screwed 8 ways to Sunday once mommie dearest croaks

 

[Hogar Grupal]

To the surprise of absolutely no one. Carrie Edna Wynn (Barbara's mom) raised one hell of a fool. I guess she thought "Chris is going to be okay. He's got his tugboat for him." Whatever Barb's lucidity is, she has to be aware that she's left her son absolutely homeless. Chris didn't listen to Null then, and so Chris will not adhere to any plan to keep himself financially stable now. Chris would rather play pretend all day long and views every adult responsibility with a raspberry.

This is playing out like an after school special but with the bad kids being MLP fans and enablers, and 40 year old Chris as the impressionable teenager.

 

[Pickle Inspector]

To the surprise of absolutely no one. Carrie Edna Wynn (Barbara's mom) raised one hell of a fool. I guess she thought "Chris is going to be okay. He's got his tugboat for him." Whatever Barb's lucidity is, she has to be aware that she's left her son absolutely homeless. Chris didn't listen to Null then, and so Chris will not adhere to any plan to keep himself financially stable now. Chris would rather play pretend all day long and views every adult responsibility with a raspberry.

This is playing out like an after school special but with the bad kids being MLP fans and enablers, and 40 year old Chris as the impressionable teenager.

I wonder if whoever in contact with Chris now could convince him to have a chat with his mother about what he’s going to do when she dies in regards to the debt and their house?

 

[Hogar Grupal]

I wonder if whoever in contact with Chris now could convince him to have a chat with his mother about what he’s going to do when she dies in regards to the debt and their house?

If not Null, maybe the Captain, Marvin and at least 2 others here who have been in contact with Chris. Going back to the Internet Dream Lounge podcast, Chris said that he doesn't have any plans and that he's worried, but doesn't act out on it.According to Null in the video, Chris makes a decent side hustle, but is lazy with orders, the comic are non-existant and his merchandise sites like etsy and eBay are locked because of strikes and laziness. Whenever that money or the tugboat comes in, it's soon spent as fast as it arrives.