[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

    Votes: 112 51.9%

  • No

    Votes: 104 48.1%
  • Total voters
    216
It shouldn't be underemphasized that if Phil had just paid his mortgage, due to skyrocketing home values he could have sold this CT property and done well for himself. At the very least, he could have broken even while not destroying his credit. Remember how outraged he was that a website said Bridgeport had some of the fastest-rising home prices in the country? Well, turns out that website was right and Phil was wrong.

But Phil would have had to be financially responsible, willing to admit he was wrong, and not taken the easy way out...so nothing he could do.
 
Looks like a big update today in regards to new documents; summary is that the CT condo was appraised again and valued around $90k (a $31k increase from the appraisal last year) while Phil's debt is over $114k.

EDIT: Some screenshots of #s and other quick info
 

Attachments

  • Federal Mortgage Foreclosure Moratorium.pdf
    Federal Mortgage Foreclosure Moratorium.pdf
    317.6 KB · Views: 77
  • Affidavit of Attorney Fees.pdf
    Affidavit of Attorney Fees.pdf
    47.6 KB · Views: 71
  • Affidavit of Debt.pdf
    Affidavit of Debt.pdf
    87 KB · Views: 113
  • Affidavit of Military Service.pdf
    Affidavit of Military Service.pdf
    89.4 KB · Views: 100
  • Affadavit of Compliance with EMAP.pdf
    Affadavit of Compliance with EMAP.pdf
    90.1 KB · Views: 98
  • Worksheet.pdf
    Worksheet.pdf
    332.9 KB · Views: 57
  • 2021 Appraisal.pdf
    2021 Appraisal.pdf
    539.3 KB · Views: 82
  • ForeClose 1.png
    ForeClose 1.png
    97 KB · Views: 56
  • ForeClose 2.png
    ForeClose 2.png
    36.1 KB · Views: 50
  • ForeClose 3.png
    ForeClose 3.png
    35.8 KB · Views: 52
  • ForeClose 4.png
    ForeClose 4.png
    118 KB · Views: 55
Last edited:
Anybody want to opine on what MidFirst might be able to collect on? Specifically, the difference between the appraisal and debt owed, the lawyer's fees, and the cost of the appraisal/title search/etc?
 
Jesus... what kind of absolute manbaby just says lol fuck a 90k property I own while making six figures a year doing nothing.
 
That is Phil in a nutshell though, lazy. CT may be an expensive state but it is far more stable than WA. WA for the last few years has been subject to population dispersal like CA. He blew owning a relatively OK first property.

He could EASILY paid 30k off it in the last few years but did nothing. He is a pathetic drunkard
 
I am not a Lawyer. I am not Phil's Lawyer. Thank God I am not Phil's Lawyer.

Connecticut is one of two states that allows a lender to apply for a "Strict" Foreclosure - instead of selling a property and coming after a Defendant for the balance after the fact, Midfirst can have a certified appraisal approved and validated against an affidavit of debt, plus or minus fees.

Midfirst already had motions for default approved against both Phil and the Deerfield Woods Condominium Association - Phil can't argue that the foreclosure is invalid beyond his right to pay them what the judge approves, and Deerfield can't come after Midfirst for any unpaid HOA fees (They can, however, come after Phil. If you don't believe his ahnesty that he's paying those).

If a "Strict" Foreclosure is approved, Phil's going to owe the Equity balance plus the fees in 8/9/10 of the Foreclosure Worksheet:

- Equity: -$24,242.72 plus $14.6414 per day starting 5/10, from the Affidavit of Debt
- Attorney's Fees: -$3,000 - You may see $3325 on the Foreclosure worksheet, this assumes a Foreclosure by Sale - if Midfirst can't get a Strict Foreclosure, they'll sell it for whatever they can and tack on a few hundred bucks for sale paperwork. Considering the market in New England right now, Phil should be crossing his hooves for this - just consider the 2 appraisals 6 months apart to realize how crazy the market is up here right now.
- Appraisal and Title Fees: -$1,565 - This is just part and parcel for selling any property, this would be part of the foreclosure whether or not Phil decided to buy his own Condo back.

The long and short is that Midfirst has asked the Connecticut Superior Court to approve a $28,807.72 Judgement against Phil for the sale of the CT Condo. Even if they deny that, Midfirst can sell at a Foreclosure Auction - Phil will have to pay the difference between the sale price and $119.132.72. By defaulting last May, Phil has forfeited his right to dispute these numbers. Additionally, Phil is liable for any HOA fees he failed to pay to Deerfield Woods.
 
Il_Duke said:
The long and short is that Midfirst has asked the Connecticut Superior Court to approve a $28,807.72 Judgement against Phil for the sale of the CT Condo. Even if they deny that, Midfirst can sell at a Foreclosure Auction - Phil will have to pay the difference between the sale price and $119.132.72. By defaulting last May, Phil has forfeited his right to dispute these numbers. Additionally, Phil is liable for any HOA fees he failed to pay to Deerfield Woods.
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So you're assuming this debt wasn't considered to be discharged by Phil's bankruptcy?
 
actually said:
So you're assuming this debt wasn't considered to be discharged by Phil's bankruptcy?
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Good question to ask - that's my educated guess, but I assumed that a guy making 120k a year pretending to make 60k a year pretending to spend 65k a year would have had that called out before the discharge.

I think he'll have to hire a lawyer to argue that it should be discharged (and beg for the privilege), but while I assume 30 large is enough for Midfirst to send someone to argue against it, I also realize that $28,807 is a typo for them and that they might not bother.
 
Chaotic Pizzaparty said:
That is Phil in a nutshell though, lazy. CT may be an expensive state but it is far more stable than WA. WA for the last few years has been subject to population dispersal like CA. He blew owning a relatively OK first property.

He could EASILY paid 30k off it in the last few years but did nothing. He is a pathetic drunkard
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with how much money he has made and still makes he should have outright bought both of them without mortgage or credit.
 
Il_Duke said:
Good question to ask - that's my educated guess, but I assumed that a guy making 120k a year pretending to make 60k a year pretending to spend 65k a year would have had that called out before the discharge.

I think he'll have to hire a lawyer to argue that it should be discharged (and beg for the privilege), but while I assume 30 large is enough for Midfirst to send someone to argue against it, I also realize that $28,807 is a typo for them and that they might not bother.
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In essence his luck might have helped him. After all his condo value increased by 50% in one year. Imagine if it had stayed the same then it would be a whooping 60k in defiency. I would agree that Midfirst might not bother since they already made a win by the increased value. And Phil is still paying HoA fees for this condo if I remember correctly. They already milked him though maybe they will go for the cherry on top.
 
I don't really care at this point if Phil gets hit with a deficiency judgment. 1) he's just going to beg for the money and get it anyway, and 2) all of this has done a lot to highlight how much of a fucking dumbass he is. Which is good enough for me, honestly. We didn't need more evidence, but it's still good to have even more of it to put in his ledger. I mean there's "poured bacon grease in the toilet" and then there's the myriad of demonstrations of how much he does not even comprehend the amount of money he could be sitting on right now if he weren't so fucking lazy and stupid.

Phil is a ridiculously powerful case against the idea of the universe having any plan to it. When visiting good fortune upon someone, god or whatever could not have missed their target any harder if they had tried.
 
I assume he will push for a lawyer to retroactive the bankruptcy and attempt to justify to a court. Can they subpoena his bank account? I am going on the notion if this case gets messy and Midfirst's Lawyers SUSPECT dishonesty because if so they have a really valid case for him to pay up.

This has been going on for years and I doubt Midfirst are going to take it lying down.
 
Chaotic Pizzaparty said:
I assume he will push for a lawyer to retroactive the bankruptcy and attempt to justify to a court. Can they subpoena his bank account? I am going on the notion if this case gets messy and Midfirst's Lawyers SUSPECT dishonesty because if so they have a really valid case for him to pay up.

This has been going on for years and I doubt Midfirst are going to take it lying down.
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And hopefully exhibit 1 from midfirst will be the video clip of him stating "I'm not fucking paying you" well before he filed begruptcy.
 
Iron Hamster said:
And hopefully exhibit 1 from midfirst will be the video clip of him stating "I'm not fucking paying you" well before he filed begruptcy.
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Much as I don't expect a bank to be emotional about this, Phil deserves for that moment to take place every bit as much as he deserves for his fans to abandon him forever. I mean there's having a history of being a dead-beat as documented by YouTubers, and then there's a court case wherein it's stated for the record that he's a fucking asshole. The only thing better than that would be if he got convicted of committing bankruptcy fraud and therefore legally documented as being a dickhead who took the money he owed and wasted it on wrestling jpegs.
 
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