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

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Will DSP file his bankruptcy before MidFirst Bank gets their hands on his WAkhando?

  • Yes

    Votos: 112 51.9%

  • No

    Votos: 104 48.1%
  • Total de votantes
    216
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Colloid dijo:
If Midfirst gets a lien on Wacondo then that means they'll have a legal claim to it, which means that if Phil ever sells the place, or more realistically if his property is seized and sold by someone else (like the IRS for not paying backtaxes for example), then Midfirst gets their money from that sale first, and then Phil will receive whatever's leftover if any money remains. Needless to say this is a very bad thing for Phil since they're effectively getting money that would've been his otherwise.
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In the current real estate market, the Wakando has increased in value several times more than what Phil would owe Midfirst even in the most optimistic scenario (documented elsewhere in this and other threads). Phil selling in Washington would be a massive ego blow, but it would be one he could almost certainly avoid considering what he's making, unless his income totally tanks.
 
strandedcastaway dijo:
In the current real estate market, the Wakando has increased in value several times more than what Phil would owe Midfirst even in the most optimistic scenario (documented elsewhere in this and other threads). Phil selling in Washington would be a massive ego blow, but it would be one he could almost certainly avoid considering what he's making, unless his income totally tanks.
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To rent an apartment? He can’t buy a house with a bankruptcy for a few years at least. Most lenders require like five years after bankruptcy and the foreclosure usually means it could be even longer. I don’t see Phil renting an apartment especially since an apt as nice as his condo would be more than his mortgage payment. No Phil will die in that condo.
 
The Black Prince dijo:
To rent an apartment? He can’t buy a house with a bankruptcy for a few years at least. Most lenders require like five years after bankruptcy and the foreclosure usually means it could be even longer. I don’t see Phil renting an apartment especially since an apt as nice as his condo would be more than his mortgage payment. No Phil will die in that condo.
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Could you even imagine the possibility of him having to potentially downsize from his current residence? I think that might hurt his beloved manhood the most (yes even more than the possibility of Phil getting a divorce with Kat) him having to look into an apartment would take him back to his Connecticut condo days and he absolutely hated that, especially knowing his opinion on condominium associations and "not giving a crap about their tenants".
 
Flavius Anthemius dijo:
Could you even imagine the possibility of him having to potentially downsize from his current residence? I think that might hurt his beloved manhood the most (yes even more than the possibility of Phil getting a divorce with Kat) him having to look into an apartment would take him back to his Connecticut condo days and he absolutely hated that, especially knowing his opinion on condominium associations and "not giving a crap about their tenants".
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There is absolutely no, zero, nada, no chance that Phil will be willing to downsize.

Phil is a man who clearly has some set ideas inside his head that he's not willing to let go of. One of them is his whole "mature adult" obsession. He has some things that he thinks a mature adult does/has, and he will not stop doing/having those things as long as he has a say in it.

And the WAKhando is one of those things. It's his mature adult house that he bought with his mature adult money that he got from his mature adult job. No fucking way in hell that he will leave that condo unless he is forced to do it by the IRS or whatever else.

And I'm not even mentioning another obsession that Phil has, which is that he has to look good and like he's doing better than his detractors. Selling the condo would make the Farms implode with our coordinated laughter, Phil would go insane with how much he'd be bullied during his streams because he had to downsize.

So I agree with you. A divorce can always be spun in a way that makes him look like a victim. Call Khet a whore, a gold-digger, whatever, beg for pity bucks, and carry on. But downsizing would just be an obvious consequence of him being a manchild who can't save money for shit, no way to spin it in a positive way.
 
Flavius Anthemius dijo:
Could you even imagine the possibility of him having to potentially downsize from his current residence? I think that might hurt his beloved manhood the most (yes even more than the possibility of Phil getting a divorce with Kat) him having to look into an apartment would take him back to his Connecticut condo days and he absolutely hated that, especially knowing his opinion on condominium associations and "not giving a crap about their tenants".
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He "NEEDS" his gated community to prevent any trolls from harassing him, so I doubt he would even consider moving.
 
Small Update:

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Phil owes the courts $125.

It is what is.

*sigh*

Big ups Agent Smith for the information.
 
Pargon dijo:
new fundraiser marathon when
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Well he is gonna need to raise like $900 to cover these legal fees cause the court system is expensive dood and he has bills to pay and now the court is making him pay extra and it has absolutely nothing to do with WWE Champions cause you aren't an adult and you don't know how things work k? And Snow Karl tipped me a $1.49 and said Phil the documents are available for the public and it says $125. Well you know what Snow Karl, you don't know what you are talking about cause you don't have information behind the scenes like me so, it is what it is and now please stop derailing the stream. I am trying to have a positive stream here
 
DSP's Tax Lawyer dijo:
Well he is gonna need to raise like $900 to cover these legal fees cause the court system is expensive dood and he has bills to pay and now the court is making him pay extra and it has absolutely nothing to do with WWE Champions cause you aren't an adult and you don't know how things work k? And Snow Karl tipped me a $1.49 and said Phil the documents are available for the public and it says $125. Well you know what Snow Karl, you don't know what you are talking about cause you don't have information behind the scenes like me so, it is what it is and now please stop derailing the stream. I am trying to have a positive stream here
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Well, joke's on you, "tax lawyer." Dave has a tax attorney slash tax guy. Nuhuhu. What a complete morahn.

*Leans in*
 
Does that mean the case is now over? Or are there still more hearings in the future? And what happened to the lawyer / appraisal costs Midfirst tried to get from Phil? I can't imagine he only has to pay the clerk fees
 
Agent Proper dijo:
I am thinking of this update as the first crack in the dam. This might just be the start of court ordered payments.
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Not confident but it looks like any challenges to the forclosure is done and the CT condo will be sold to contribute towards the debt owed. If so, I am guessing we won't see the actual marathon until a few weeks when the condo sells. Dave probably wants the Condo to sell soon as the market is still hot so he could get as much money as possible for this and the interest rates on the remaining debt he would owe might be low

Edit CT is for connecticut
 
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