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

[UncleTusky]

Didn't he buy it when he was working the most basic job at a bank because he was too stupid to do anything else?

No he bought it after he got a job at the helicopter plant. More specifically, he bought it to impress a girl he liked that he was carpooling with and thought she'd dump her then-boyfriend to be with him if he bought her condo (which legally belonged to either her father or the boyfriend's father). Yes this is creepy and insane but so is Phil.

There is also a very good chance he lied about ever working at a bank - in his telling he worked at Wells-Fargo right out of school, quit over ethical concerns because they were asking him to approve mortgages for people who could not afford them (ha!), and from there his dad arranged a job for him at the helicopter plant. This does not line up with his posts on Shoryuken where he copped to getting fired from Best Buy in 2006 - there is just no way to reconcile working at Best Buy 2 years after graduation with the timeline of graduation -> Wells-Fargo -> helicopter plant. My personal theory is that he made up Wells-Fargo altogether so he could claim to be more knowledgeable about mortgages and finance but that's all it is, pure speculation.

The REAL question is, why is he still living in the WA condo now? That's above water. He could sell that, pay off the WA condo, probably outright by a house ANYWHERE that has decent internet for $100K, and the bulk of his financial problems would go away. I mean, I know he would just spend more money on pulls, but you get the point.

Ego. He has said in as many words that if he loses the WAKhando, the trolls win. That goes double when his credit is so poor that any place he could get approved for would be in the sticks, very small, or both.

One theory is that he is so paranoid that he NEEDS that gate and that fence to keep "the trolls" out. Look at the way he reacts every time there is a noise outside. I think he genuinely is paranoid.

Yeah but he's so paranoid that the gate doesn't help even in his own fantasies - if he's still afraid that any noise could be Elite Field Autists coming to laugh at him for being bad at video games then he's obviously mentally admitted that it won't keep bad guys out. The alternative is that he's afraid it could be one of the other half-dozen boogeymen in his life (IRS, MidFirst, somebody from the HOA, even just his neighbors asking him to keep it down) and a gate is not going to protect against any of those either.

 

[DSP's Tax Lawyer]

No he bought it after he got a job at the helicopter plant. More specifically, he bought it to impress a girl he liked that he was carpooling with and thought she'd dump her then-boyfriend to be with him if he bought her condo (which legally belonged to either her father or the boyfriend's father). Yes this is creepy and insane but so is Phil.

There is also a very good chance he lied about ever working at a bank - in his telling he worked at Wells-Fargo right out of school, quit over ethical concerns because they were asking him to approve mortgages for people who could not afford them (ha!), and from there his dad arranged a job for him at the helicopter plant. This does not line up with his posts on Shoryuken where he copped to getting fired from Best Buy in 2006 - there is just no way to reconcile working at Best Buy 2 years after graduation with the timeline of graduation -> Wells-Fargo -> helicopter plant. My personal theory is that he made up Wells-Fargo altogether so he could claim to be more knowledgeable about mortgages and finance but that's all it is, pure speculation.

Ok so I didn't know the timeline too much from the early days but this is hilarious. I thought he did buy the condo before becoming a full time streamer so that makes some sense but holy shit what a terrible purchase. I would take one look at that and think there would be a better place to buy if I just waited and decided to rent a smaller place instead.

The Wells Fargo thing sounds totally made up and I am glad the Best Buy story ruins that narrative. It sounded sketchy as fuck because if he actually worked in a mortgage company in 2006, he should have known way better how mortgages were operating during that time. It sounds like he heard a basic sound clip from somebody else who doesn't know jack shit about finances or the housing market pre 2008 and used that to fabricate his story

 

[UncleTusky]

The Wells Fargo thing sounds totally made up and I am glad the Best Buy story ruins that narrative.

The Best Buy thing is even funnier because of why he got fired: He got canned over misusing about $3 in employee discounts. Not $300, not $30, $3. That's probably less than what the store lost in a day from people clocking in late or taking a long break and it makes me think the store or shift manager hated his guts and was looking for an excuse to get rid of him for cause to avoid paying unemployment benefits.

 

[Balr0g]

The Best Buy thing is even funnier because of why he got fired: He got canned over misusing about $3 in employee discounts. Not $300, not $30, $3. That's probably less than what the store lost in a day from people clocking in late or taking a long break and it makes me think the store or shift manager hated his guts and was looking for an excuse to get rid of him for cause to avoid paying unemployment benefits.

I think Phil said he sued BestBuy over this and won some form of severance pay. Though that comes from Phil's mouth so I take it with a truck full of salt. But on every job (even Machinima or Twitch) he manages to turn himself into the biggest piece of shit so that no one cares to keep him on the job. Best Buy? Complains about stuff he allegedly wasn't hired to do. Well Fargo? Snitched on a colleague who was sleeping with their boss? Helicopter company? Probably lazy attitude and making demands (like a special office chair fore his back and not getting work ready on time that's why he did a lot at home, Blip speaks for iutself, Machinima by acting like a arrogant diva, Twitch had hateful slurs. Nowq we just wait for Youtube kicking him out of the monetization program though that is most likely never coming since he is a small fry.

 

[Radical Goodspeed]

Phil says he sued Best Buy, but unless Papa Dave was fronting legal fees over less than what, 20 dollars in store discounts, I think it's more likely Phil had an UNEMPLOYMENT hearing over BB firing him, and he won that, because even if Phil embellished it, BB sounds like it went too far.

Nuggets of truth and all.

 

[UncleTusky]

I think Phil said he sued BestBuy over this and won some form of severance pay.

He got fired, Best Buy refused to pay unemployment because it was for cause, he appealed to the state Department of Labor, the clowns who work there ruled that even though he objectively made a profit (which violated Best Buy's rules) and could make further profits on a go-forward basis he should still receive NEETbux because he might only break even based his claims of other, unspecified costs. This is an early example of Pigroach Luck, the state agreed he did everything wrong but still awarded gibsmedats.

So Phil is technically right but the severance would have just been his weekly pay for a couple of months or until he found a new job, whichever came first. If he made it sound like Best Buy was ordered to pay a larger amount or the labor department was making an example out of them then he was lying.

Edit: Mad props to the Connecticut state government's IT staff because I was able to find the appeal with a few minutes of Google. If you want to read the full ruling here is a link to it. This also confirms what @Radical Goodspeed said, it was a hearing with the state labor board only and attorneys were not involved. Suing Best Buy would have been absolutely insane considering how little Phil made there and how expensive attorneys are.

Edit x2: It looks like Phil outright lied to the labor board based on that ruling and this Shoryuken post. In his statement to the labor board, he was organizing the tourney and planned to charge $10/person to "defray the costs of the event". On Shoryuken he stated there were multiple other organizers, the fee was $15, and it was meant to pressure people to show up on time to minimize delayed starts due to latecomers. That last bit is huge because it puts the lie to "no profit" which was the basis for the board's ruling in the first place.

Edit x3: This post was from Phil himself in response to a Shoryuken poster recommending he sue for wrongful termination, bolding and words in [hard brackets] mine:

I’m pretty sure I can [sue for wrongful termination]. I talked to a friend’s mom last night and she told me I should go to the Department of Labor first thing monday, explain what happened, and demand a hearing. According to her, the Dept of Labor is extremely pro-worker and they will probably try to convince me to get a case going against Best Buy.

The only problem is, I have no idea how much time and money it will cost to get a lawyer and do this. Right now, if I don’t get unemployment in the next couple of weeks, I will start defaulting on bills and then GGPO credit. The case will probably take a year or more just to get to court, and as long as Best Buy agrees to pay unemployment anyway, they only thing I’ll have to gain is to actually get my job back…which is not going to work out since I’m sure it’s going to be super uncomfortable to go back there after getting canned.

Even 16 years ago when he was living with Mommy and Daddy he was so financially inept he only had enough cash-on-hand to last a few weeks without a paycheck. God help this man(child) if whatever service handles bit payments has IT issues and cannot pay out for a week or two. Also note that despite winning his appeal Phil was not given his job back, only free money (which I'm sure he preferred).

I used to live in Georgia and the governor down there appointed a cabinet secretary who believed in presumption of denial for welfare claims. After shit like this I totally understand where he was coming from.

 

[Pass_The_Remote]

He is barely above water on the WA condo. He only put 5% down when buying it so he has had to pay off insurance on it as well. Along with that, mortgage rates are going up so him looking to buy a house would not work. Plus, by the time he tries pulling all that off, houses might become scarcer so he would have to look around for a bit. And all the money he might have potentially saved up to get the house would have been used on WWE Champions so its probably smarter to just not try

With his bankruptcy, he'll never get a mortgage. If he wanted a house, he'd need to buy it outright.

With the liquidity in his WAKhando, he could do it, but I get the feeling he likes having a condo, he would never mow the lawn or shit like that.

 

[DSP's Tax Lawyer]

With his bankruptcy, he'll never get a mortgage. If he wanted a house, he'd need to buy it outright.

With the liquidity in his WAKhando, he could do it, but I get the feeling he likes having a condo, he would never mow the lawn or shit like that.

He doesn't have that much liquidity in the Wakhando. That condo was about 250k when he got it and at best, he has 50k in liquidity. So any house he could buy isn't worth it tbh. At least without a mortgage

 

[Brother Wind]

There is also a very good chance he lied about ever working at a bank

You know what, I don't think he did. Because very few colleges let you get by without some sort of internship. That's probably what he did. Some shadowing, or was actually working briefly. Although, I'm not ruling it out. You can't assume everything Phil says is a lie. Just some weird distortion

 

[Pass_The_Remote]

He doesn't have that much liquidity in the Wakhando. That condo was about 250k when he got it and at best, he has 50k in liquidity. So any house he could buy isn't worth it tbh. At least without a mortgage

Last time I looked, his condo is estimated at about $550k, so if he sold the condo for that, first the remaining 200k would go to the mortgage, leaving a chunk of change in the ballpark of 350k. That amount of money could mean he could buy a place outright anywhere.

 

[DSP's Tax Lawyer]

Last time I looked, his condo is estimated at about $550k, so if he sold the condo for that, first the remaining 200k would go to the mortgage, leaving a chunk of change in the ballpark of 350k. That amount of money could mean he could buy a place outright anywhere.

Redfin estimates it at 520k but I don't buy that for a second. Realtor has no estimates I could find and neither does Zillow so I take the estimated amount with the same amount of salt that I do with a DSP job story

 

[actually]

Redfin estimates it at 520k but I don't buy that for a second. Realtor has no estimates I could find and neither does Zillow so I take the estimated amount with the same amount of salt that I do with a DSP job story

There's also the fact that he has multiple issues in the middle-unit condo that he's admitted to (the mold from water in the walls, the broken toilet, the broken shower, etc). He could probably get more than what he paid for the place, but I'm no longer buying that he would make an obscene amount of profit.

 

[DSP's Tax Lawyer]

There's also the fact that he has multiple issues in the middle-unit condo that he's admitted to (the mold from water in the walls, the broken toilet, the broken shower, etc). He could probably get more than what he paid for the place, but I'm no longer buying that he would make an obscene amount of profit.

I looked up on zillow to see what's being offered in the area. There is another condo that seems like its either on its own or an end condo in a 2 part condo. It was bigger than DSP's and so much nicer. The thing had also been sitting on the market for a while with a $499k price tag. So I don't think DSP could get anywhere near 400k for his current condo

 

[Balr0g]

There's also the fact that he has multiple issues in the middle-unit condo that he's admitted to (the mold from water in the walls, the broken toilet, the broken shower, etc). He could probably get more than what he paid for the place, but I'm no longer buying that he would make an obscene amount of profit.

Not to mention the smell in that condo. Oh and wouldn't he have to pay taxes on the sales price? He wouldn't see the ful amount what is left after paying the mortgage.

 

[UncleTusky]

Not to mention the smell in that condo. Oh and wouldn't he have to pay taxes on the sales price? He wouldn't see the ful amount what is left after paying the mortgage.

No, there is a tax exemption on the first $250,000 (or $500,000 on a joint return) in gain from the sale of a home. My reading of the law is that "gain" means net profit so he'd owe little to no tax on the sale - the mortgage had $240k in principal outstanding when he filed bankruptcy in 2020, if we pretend he has somehow paid none of the principal since then (this is not how mortgages work but it makes the math easy) then he'd need to sell for a minimum of $240k + $250k = $490k to even potentially be liable for tax. I realize there was an estimate of $520k upthread but other units in the community have been on the market for a while at $500k and there is damage to the interior - even if he fixed it before selling he'd be expected to report it to potential buyers so they would know the place has had issues, and that could make it even harder to sell for $490k+.

 

[AnOminous]

Not to mention the smell in that condo. Oh and wouldn't he have to pay taxes on the sales price? He wouldn't see the ful amount what is left after paying the mortgage.

Imagine how much money this fat pig squandered literally to have a property that was doing nothing of any use for anyone, even himself, while it just decayed even further. And he would scream at any of his paypigs dumb enough to ask him why he wasn't renting it out or selling it.

 

[DSP's Tax Lawyer]

No, there is a tax exemption on the first $250,000 (or $500,000 on a joint return) in gain from the sale of a home. My reading of the law is that "gain" means net profit so he'd owe little to no tax on the sale - the mortgage had $240k in principal outstanding when he filed bankruptcy in 2020, if we pretend he has somehow paid none of the principal since then (this is not how mortgages work but it makes the math easy) then he'd need to sell for a minimum of $240k + $250k = $490k to even potentially be liable for tax. I realize there was an estimate of $520k upthread but other units in the community have been on the market for a while at $500k and there is damage to the interior - even if he fixed it before selling he'd be expected to report it to potential buyers so they would know the place has had issues, and that could make it even harder to sell for $490k+.

You have most of that tax law correct and I am impressed. Its a $250,000 single, $500,000 joint and, unless Khet has truly left him, he will get the $500,000. Also the calculation would be the Sales price of the home - Original price (basis) of the home he bought it for. So he would have to sell it for like 750k to start paying tax on it.

 

[DiabeticSP]

Imagine how much money this fat pig squandered literally to have a property that was doing nothing of any use for anyone, even himself, while it just decayed even further. And he would scream at any of his paypigs dumb enough to ask him why he wasn't renting it out or selling it.

The worst part is iirc he bought the very first place he and Leanna looked at and it wasn't even Leanna's choice.

He never even visits Seattle for 'staycations' anymore. He put a huge millstone around his neck for ZERO reason.

 

[Piece of Peace]

Redfin estimates it at 520k but I don't buy that for a second. Realtor has no estimates I could find and neither does Zillow so I take the estimated amount with the same amount of salt that I do with a DSP job story

Yeah, I looked at the comps in my area and they are about 25% above what redfin is estimating my home at, even before I added shit like solar panels and a new HVAC system.

In contrast, the guts of Phil's house may be falling apart and eventually affect the sale price of the condo if he ever decided to put it on the market.

Maybe a paypig could buy it off of him above asking price lol.

 

[TheGoutburglar]

He never even visits Seattle for 'staycations' anymore. He put a huge millstone around his neck for ZERO reason.

Technically there is a reason, it just happens to be one that he doesn't acknowledge, and that's the fact that he's just too stupid, spoiled, and abnormal to care about being weighed down like this. He doesn't feel anything from it, like you or I would. Accounts for quite a few of the mistakes he runs right into, frankly, the fact that he knows it won't impact him in the slightest. He's like Superman if he was retarded, and didn't give a shit about saving people, so he just flies right through buildings because it isn't going to hurt him and fuck everybody else.

Though the second you point out that he just did that, he'll get toxic and insulting, because his ego is the opposite of invincible.