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- Apr 2, 2020
DSP greed means he gets 100% of nothing rather than 80% of something.
[Dec 15 2019] Foreclosure Saga - http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=FBTCV196091825S
- Thread starter Agent Proper
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- Aug 10, 2019
Association fees are out of control in the NE. But, they do everything outside the building except maybe shovel the walk to your front door. Building needs a new deck - fees cover it. New roof - fees cover it. Siding - fees. etc
- Joined
- Dec 15, 2018
Think of how little money it would have taken to make Rambo and Howard happy, while DSP was at the peak of his earning power, and he still didn't pay them.
that was the whole point john and rambo made in their video. being inconsiderate and greedy
- Joined
- May 23, 2019
Not only did he not pay Howard, he had Howard pay for the Project7 shirts and then sold them to his patrons. Howard got googatz.
- Joined
- Feb 19, 2015
He didn't pay them or the editors who were doing motion graphics and other advanced things especially for 2011 standards. Instead he was spending money on dumb shit like leasing a car he doesn't drive and hotels to visit with leanna and not have sex in,
mrfinlandman
kiwifarms.net
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- Oct 25, 2020
- Joined
- Mar 31, 2020
I have a question in regards to Phil's condo in CZ: do we know inwhat condition it is in at the moment? From what I understand it has been empty for years (supposed empty maybe Phil has still some old stuff in it). Is it even livable at the moment?
And on another note: if Midfirst needs to renovate the condo could they make Phil accountable for the costs? Or what that be on them?
Greatest Joke would be if Midfirst gets the condo and later sells it for a way higher profit. I can already imagine Phils autisitc screeching "Bugged house market mechanics. Give me my money!!!!!!!"
And on another note: if Midfirst needs to renovate the condo could they make Phil accountable for the costs? Or what that be on them?
Greatest Joke would be if Midfirst gets the condo and later sells it for a way higher profit. I can already imagine Phils autisitc screeching "Bugged house market mechanics. Give me my money!!!!!!!"
- Joined
- Jan 19, 2018
It would mostly/all be on MidFirst unless they can prove specific negligence on the part of Phil. As an example, if he was/is responsible for paying utilities, failed to do so, and the pipes froze, burst, and caused water damage, that would likely be on Phil.
- Joined
- Mar 11, 2016
All the units in that complex are in the same two or three buildings so if something went wrong in his unit, it's very likely that the neighbors would have noticed and complained by now. There is also some lore I remember hearing that his dad stops by the place every now and then to pick up the mail and make sure the place has not had a major issue.
Put them all together and it's not impossible that something happened but it is really unlikely.
Legally this only matters if they do not intend to pursue him for the deficiency. If they intend to sue for the deficiency there is not a major difference between suing for a specific act of negligence and accepting a lower value on the property then just tacking that onto the deficiency suit. If they do not I think you are overstating how difficult this would be - the owner (still Phil) is responsible for maintenance even if he can show it was caused by tenants, neighbors, delivery drivers, his gout aunt, etc. Being able to show somebody else was at fault would only get him off the hook if he could show it was caused by MidFirst or court personnel.
tzgnilki
kiwifarms.net
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- Aug 29, 2019
sometimes I wonder, since he stopped paying the mortgage in CT, would he still be on the hook for property taxes
- Joined
- Feb 19, 2015
It sounds like the buyer of the foreclosure is on hook for any property taxes owed i guess its part of the deal.
- Joined
- Mar 11, 2016
I'm not sure but I'm tempted to say "no". Normally the bank collects the mortgage + property tax as a single installment, then forwards the appropriate amount in property tax to the county or municipality. This means MidFirst is technically on the hook for property taxes for now though it is unclear if the city or county can actually collect. Whether they can pass these on to the eventual buyer is at the judge's discretion - I skimmed this site listing foreclosure postings in Connecticut (seriously, their state court system's website is fantastic) and there is not a consistent pattern of whether the buyer becomes responsible for debts on the property other than the existing mortgage.
- Joined
- Dec 28, 2014
Property taxes run with the property, so if you inherit property with unpaid property taxes, or foreclose on it, you are now responsible for them. The taxing authority can sell the property to collect. You also probably can't sell the property for much if it has tax liens on it.
He could name them as a third party defendant and if those debts were discharged in bankruptcy, they might be the ones left holding the bag, although I don't believe he listed any such debts anyway, except maybe the homeowner's association fees from before he declared bankruptcy.
- Joined
- Mar 11, 2016
He did not. From what I can tell he omitted any details of the Connectikhando beyond the outstanding amount on the mortgage, the assessed value, and his intent to surrender the property. The assessor who filed his report with the court late last year to support the strict foreclosure motion also went out of his way to state he did not enter the property as part of performing his assessment (which seems like just not doing your fucking job to me) so we don't even have a real assessment of the property's condition. The $59k comes only from sales prices for adjacent units, a qualitative assessment of the market in the region, and a quick inspection of the whole building.
This also gets back to the forty thousand dollar question, namely "is the deficiency part of the discharged mortgage debt or will it be a new debt created when the foreclosure sale concludes?" All this discussion is completely moot unless the deficiency is enforceable.
EDIT: Wow the whole property is six hundred square feet (about 56 square meters). It think my parents' garden + pool is bigger than that and they aren't rich.
The bankruptcy farce also gave us some useful information on his Connecticut mortgage. The original agreement was for $730.33/month exclusive of HOA fees and property tax and misspelled the name of the condo board as "Deerfiedl Woods" . Between this and the King County (Seattle) tax assessor misspelling his last name as "Burrell" I'm starting to notice a hilarious trend.
The motion for relief from stay stated the amount owed was $913.23/month, raised to $1,111.88/month to include late penalties after a few months. This is too low to include the $400/month HOA fees so the most likely explanation is that he was paying about $183/month in property tax or about 36.58 mils (dollars per thousand dollars of property value) annually. This is very high and tells me he was living in a shithole town - poor areas tend to have very high property tax in terms of mils because property values are low and many residents are on some sort of gibs (this is also part of why big cities tend to charge higher local income tax than suburbs, isn't government wonderful?).
Boomer anti-tax rant aside Phil was probably paying just over $1,300/month for that place all told. Multiply that by the 9.5 years he made payments (rounded down) and the true cost was about $148k, all just to knock down the principal by about $30k. Even if the debt is not enforceable he probably paid more maintaining that abandoned property than just short selling it back in 2014 - idiots like him are a lender's wet dream.
I have no clue what Phil's next financially inept move will be but I'm sure it will be unintentionally hilarious. A few weeks ago it looked like the writers were just going to rehash the Credit Cards storyline but hopefully they'll be more creative when we finally see what they've been up to.
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- Joined
- Feb 19, 2015
Honestly it seems like his only plan is to get white hot popular again and make a million dollars so he can pay off everything. Otherwise he has zero intentions of paying off any loans. Anyone loaning to him is a complete moron.
DarkSoulsPhil
kiwifarms.net
- Joined
- Nov 28, 2017
He intends to die before paying a cent to anyone.
- Joined
- Dec 28, 2014
Possibly he wasn't legally allowed to enter the property. Until it's foreclosed on, he doesn't represent anyone who has the right to enter. If DSP didn't allow it, that might be why. It's odd if he didn't even try, though.
- Joined
- Nov 29, 2020
