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Post by teacherlisa on Jan 24, 2020 20:03:31 GMT
you guys...this was totally intentional!!!
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Post by scrapaddict702 on Jan 24, 2020 20:03:52 GMT
Well, my darlings, cheers to you because this would be impossible in France. You pay back or the court gets involved and forces you to pay back. Or you declare bankruptcy and no more mortgages or loans at all. Not even a single credit card. All your goods are taken to be sold except what the state considers must-haves to live (a bed, a fridge, etc.). You can't even take any money out of your bank account (frozen). When the liquidation of your goods is over and your debts are legally erased, you start afresh sans credit card or any loans for five years. This whole "conscious foreclosure" thing is completely bonkers to me. I'm not sure if this is a federal thing, but from what I know of the mortgage world, banks actually CAN go after homeowners for the difference in equity if they're foreclosed on. It would make the banks 'whole'. The problem is that most people get foreclosed on because they're too broke to pay their mortgage, not because they're moving onto something bigger and better and deciding that not paying is the better option, so the banks know there is nothing to gain and write it off. I sure hope that the bank foreclosing on them realizes that this family has deeper pockets than the majority of people foreclosed on do and takes them to court for the 200k loss they're going to be taking in selling the property. If choosing to abandon one's responsibilities with no consequence (while moving onto bigger and better things) is not the EPITOME of privilege then I don't know what is. For most people, they're lucky to find someone willing to lease to them after something like this, but somehow this lot has managed to build something from scratch. My guess is they sought the loan for the new home prior to discontinuing mortgage payments on the first house.
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Post by scrapaddict702 on Jan 24, 2020 20:07:10 GMT
A foreclosure also does horrid things to your credit score and ability to finance anything in the future. Even if the house is auctioned off, I don't think you can just walk away from a deficiency balance on the mortgage. The bank would likely sue to collect the difference. I honestly think it should be a jailable crime (like fraud) to do something like this on purpose...err...intentionally. The only evidence you need is the house they're building now!! I just can't.
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auntmimi
Full Member
Posts: 471
Jun 22, 2018 18:55:37 GMT
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Post by auntmimi on Jan 24, 2020 20:12:48 GMT
banks actually CAN go after homeowners for the difference in equity if they're foreclosed on. It would make the banks 'whole'. The problem is that most people get foreclosed on because they're too broke to pay their mortgage, People who are financially strapped and go into foreclosure are usually "judgment-proof" which is the equivalent of the saying you can't get blood out of a turnip. The banks will still go after those folks, report it to collections and the credit agencies so there are still consequences regardless of whether you pay the deficiency. I wouldn't be surprised if the bank tried to take a lien out against the new house if they refuse to pay the deficiency. Mortgage companies can be relentless in getting their money.
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msliz
Drama Llama
The Procrastinator
Posts: 6,419
Jun 26, 2014 21:32:34 GMT
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Post by msliz on Jan 24, 2020 20:14:04 GMT
Kind of timely that her IG post regarding her most recent podcast says "our goal is to help inspire you to IDENTIFY YOUR TRUTH" (her bold.)
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Post by scrapaddict702 on Jan 24, 2020 20:14:54 GMT
banks actually CAN go after homeowners for the difference in equity if they're foreclosed on. It would make the banks 'whole'. The problem is that most people get foreclosed on because they're too broke to pay their mortgage, People who are financially strapped and go into foreclosure are usually "judgment-proof" which is the equivalent of the saying you can't get blood out of a turnip. The banks will still go after those folks, report it to collections and the credit agencies so there are still consequences regardless of whether you pay the deficiency. I wouldn't be surprised if the bank tried to take a lien out against the new house if they refuse to pay the deficiency. Mortgage companies can be relentless in getting their money. In this case I would be all for it. The privileged stack the system in their favor to take advantage for their benefit while the majority of us struggle to get by. And to think I didn't think I could detest this awful woman and her brood anymore than I did already.
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Post by sleepingbooty on Jan 24, 2020 20:16:08 GMT
Well, my darlings, cheers to you because this would be impossible in France. You pay back or the court gets involved and forces you to pay back. Or you declare bankruptcy and no more mortgages or loans at all. Not even a single credit card. All your goods are taken to be sold except what the state considers must-haves to live (a bed, a fridge, etc.). You can't even take any money out of your bank account (frozen). When the liquidation of your goods is over and your debts are legally erased, you start afresh sans credit card or any loans for five years. I'm not sure if this is a federal thing, but from what I know of the mortgage world, banks actually CAN go after homeowners for the difference in equity if they're foreclosed on. It would make the banks 'whole'. The problem is that most people get foreclosed on because they're too broke to pay their mortgage, not because they're moving onto something bigger and better and deciding that not paying is the better option. I sure hope that the bank foreclosing on them realizes that this family has deeper pockets and takes them to court for the 200k loss they're going to be taking in selling the property. If choosing to abandon one's responsibilities with no consequence (while moving onto bigger and better things) is not the EPITOME of privilege then I don't know what is. For most people, they're lucky to find someone willing to lease to them after something like this, but somehow this lot has managed to build something from scratch. My guess is they sought the loan for the new home prior to discontinuing mortgage payments on the first house. I have been babbling to my SO about Becky Higgins since I found the satellite view of her foreclosed home. His first reaction when Itold him that they'd secured a new mortgage and then stopped paying their previous one because their property had depreciated and they didn't want to pay the full price for it now that they had a newer, bigger home to move into was that it was a special brand of privilege. How is this even a loophole for the rich? I suppose that if they paid the bank around 400 000 on their old home up until they stopped between the regular mortgage payments + downpayment, the bank might not be ablue to sue if they secure the minimum bid of 490 000? (I'm not sure what the interest rate is + costs associated with foreclosure so I'm just estimating.) If not, let the bank sue them, I say. What kind of madness is this? Can you imagine her flipping through her PL albums and reminiscing: "Oh, grandkids, the year was 2019. It was the year when we elected foreclosure on our old home. It just wasn't our taste anymore. We had outgrown that 5 102 sqft house. The pool was oddly shaped. The neighbours' homes were too small to look at. We just had to stop paying for something that didn't align with our authentic selves anymore. Good times."
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Post by scrappintoee on Jan 24, 2020 20:16:44 GMT
I'm sorry. My French arse can't follow what the frumpy dress is going on! OMG.....I RARELY ever LITERALLY "LOL", but THIS made me come very close! Thank you!
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Post by hop2 on Jan 24, 2020 20:19:09 GMT
You know, she easily could have sold PL off to someone and walked away with enough money to pay off whatever. Maybe not any more, but a year ago it would have sold, and she could have had her money & her stepford Becky x2 podcast and moved on.
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Post by scrappintoee on Jan 24, 2020 20:19:42 GMT
Oh, grandkids, the year was 2019. It was the year when we elected foreclosure on our old home. It just wasn't our taste anymore. We had outgrown that 5 102 sqft house. The pool was oddly shaped. The neighbours' homes were too small to look at. We just had to stop paying for something that didn't align with our authentic selves anymore. Good times. OMG.....THIS !!! Hmm.....me thinks I need to go back and re-read your posts.....you are HILARIOUS !!!!!!!!!! Sincerely, Your new fan girl (or, the new term I just learned for those who are stalkers/ fans: "STAN") Can I pleeeze follow you and worship your INTENTIONAL, TRANSPARENT, NAVEL-GAZING posts on Instagram? OMG, do you shill ugly notebooks that sell out in FIVE HOURS? Pleeeeze let me buy some!!!
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Post by sleepingbooty on Jan 24, 2020 20:31:57 GMT
I'm sorry. My French arse can't follow what the frumpy dress is going on! OMG.....I RARELY ever LITERALLY "LOL", but THIS made me come very close! Thank you! *solemn voice* This thread shall never forget. Thanks for the kind words. However, I don't want to disappoint: you are overestimating my hilariousness inklings. It's just the French wine typing tonight. Me, tonight:
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nicolep
Drama Llama
Posts: 7,170
Jan 26, 2016 16:10:43 GMT
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Post by nicolep on Jan 24, 2020 20:32:01 GMT
I don't even know what to say.
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Post by scrapaddict702 on Jan 24, 2020 20:33:49 GMT
OMG.....I RARELY ever LITERALLY "LOL", but THIS made me come very close! Thank you! *solemn voice* This thread shall never forget. Thanks for the kind words. However, I don't want to disappoint: you are overestimating my hilariousness inklings. It's just the French wine typing tonight. Me, tonight: Don't underestimate yourself. Your sarcasm out sarcasms my sarcasm and it's like a way of life for me, lol.
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Post by sleepingbooty on Jan 24, 2020 20:34:38 GMT
Can I pleeeze follow you and worship your INTENTIONAL, TRANSPARENT, NAVEL-GAZING posts on Instagram? OMG, do you shill ugly notebooks that sell out in FIVE HOURS? Pleeeeze let me buy some!!! Wait.until.you.see.the.IKEA.light.fixtures.in.my.430sqft.apartment.
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Jan 24, 2020 20:36:02 GMT
I’ve been sitting here for an hour trying to think of something to say. I just can’t. I have literally no words. It does explain the panic attack though. I’m certain they had either an agent or a lawyer advising them to do this, and having a home go into foreclosure before the new home was ready would panic me too if I had the morals of we’ll I can’t think of anything with bad morals, prostitute? Drug addicted? Catholic priest? Donald trump?
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Post by scrapaddict702 on Jan 24, 2020 20:38:16 GMT
I’ve been sitting here for an hour trying to think of something to say. I just can’t. I have literally no words. It does explain the panic attack though. I’m certain they had either an agent or a lawyer advising them to do this, and having a home go into foreclosure before the new home was ready would panic me too if I had the morals of we’ll I can’t think of anything with bad morals, prostitute? Drug addicted? Catholic priest? Donald trump? Do you think she does anything but shop, though? I mean, isn't the man supposed to control all the things and the wife is supposed to do as she's told? Or is that just Evangelicals? I don't know why, but I feel like her scrapbooking/PL career was more of a hobby for her than anything and she really is little more than a trophy wife that works for funsies (and stops when it's not anymore).
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nicolep
Drama Llama
Posts: 7,170
Jan 26, 2016 16:10:43 GMT
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Post by nicolep on Jan 24, 2020 20:41:15 GMT
I’ve been sitting here for an hour trying to think of something to say. I just can’t. I have literally no words. This. I still don't.
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Post by sleepingbooty on Jan 24, 2020 20:42:18 GMT
Don't underestimate yourself. Your sarcasm out sarcasms my sarcasm and it's like a way of life for me, lol. Coming from you, that is one hell of a compliment. Cheers to you, m'dear. We're in for a fun weekend in this thread. I'm filing my irony nails and judgement teeth as we speak.
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Post by sleepingbooty on Jan 24, 2020 20:50:19 GMT
I’ve been sitting here for an hour trying to think of something to say. I just can’t. I have literally no words. It does explain the panic attack though. I’m certain they had either an agent or a lawyer advising them to do this, and having a home go into foreclosure before the new home was ready would panic me too if I had the morals of we’ll I can’t think of anything with bad morals, prostitute? Drug addicted? Catholic priest? Donald trump? Poor prostitutes, just doing their dangerous job to try and make a living. They don't deserve the inclusion. I do think there must have been some anxiety issues for real chez la Becky now that we know what was going on (you know, HER TRUTH that she cleary wasn't speaking in all those daily IG stories). But I feel no empathy. They opted out of paying for their home to get a bigger, shinier one. It's not like someone is forcing you up the social ladder... "I needed a mountain retreat to deal with the envelopes with the big red 'PREFORECLOSURE NOTICE' letters stamped on them while I was picking out new granite countertops and $2000+ light fixtures for the new piano room, you guys!"
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Post by sleepingbooty on Jan 24, 2020 21:03:38 GMT
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auntmimi
Full Member
Posts: 471
Jun 22, 2018 18:55:37 GMT
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Post by auntmimi on Jan 24, 2020 21:13:20 GMT
You know, I just thought about the WaPo article and wonder how the reporter did ZERO research on them before publishing this puff piece. Can you imagine how much additional money they've spent using an out-of-town design firm and surely used attorneys to fight the city zoning issues? You typically don't use a real estate agent for that type of issue.
The other thing that is so odd to me is that she's SO open about the new house, the furnishings, how so many items were custom made, the WaPo article, etc. Any decent bank attorney would snatch up all of that to use as evidence of means to pay a deficiency judgment. Can she really be that clueless to sabotage herself like that?
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Jan 24, 2020 21:21:41 GMT
You know, I just thought about the WaPo article and wonder how the reporter did ZERO research on them before publishing this puff piece. Can you imagine how much additional money they've spent using an out-of-town design firm and surely used attorneys to fight the city zoning issues? You typically don't use a real estate agent for that type of issue. The other thing that is so odd to me is that she's SO open about the new house, the furnishings, how so many items were custom made, the WaPo article, etc. Any decent bank attorney would snatch up all of that to use as evidence of means to pay a deficiency judgment. Can she really be that clueless to sabotage herself like that? Oh I think she is. My internet search brought up blog posts from 2013 and she was a real peach back then too. Her business acumen has always sucked. I wasn’t around in real time, 2013 is when I loved out of my car. And while I enjoy a privelwdged life now, I know how things look on the financial side of our life. If I didn’t know (and after 20+ years of a Mormon marriage she probably has no ideA) then seeing a foreclosure notice would cause me to panic and then if my husband said (as were presuming hers said) “babe, no worries! Our permits will be going through any day now! Get busy decorating our new home and let the big strong man worry about the money!”, well, I’d probably shop too and because Becky is Becky, IF COURSE she got the house it’s own Instagram. Certainly sheds some light on her camping out amongst the workers during the day to make sure they did everything exactly how she wanted. Tl;dr yes. Yes Becky really is that dumb.
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Jan 24, 2020 21:25:50 GMT
And David probably sent her to the spa and gas lit her on her panic attack (inflating her reaction to this string of events, so she really truly believes she overcame something huge) and the whole time he’s like “stfu and go to the spa like a good step ford wife”.
If all makes sense now and perhaps that’s why she cut out all of her old friends/employees to save face lest they think she was broke.
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auntmimi
Full Member
Posts: 471
Jun 22, 2018 18:55:37 GMT
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Post by auntmimi on Jan 24, 2020 21:30:46 GMT
perhaps that’s why she cut out all of her old friends/employees to save face lest they think she was broke. Maybe her "team" knows she's broke and she's sworn them to secrecy with some NDA? Maybe BeckyP came in with a foolproof plan to generate fast cash by monetizing the podcast with a million sponsors and shilling all of her other things this past year?
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stittsygirl
Pearl Clutcher
Posts: 3,600
Location: In the leaves and rain.
Jun 25, 2014 19:57:33 GMT
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Post by stittsygirl on Jan 24, 2020 21:36:53 GMT
I do believe this happens more than you’d expect in Mormon families. It’s ALL ABOUT appearances, especially in the Mormon Corridor of Idaho/Utah/Arizona. Big, beautiful homes/cars/boats/RV’s etc., with really nasty financial issues under the surface. I’ve personally known more than a few “devout” Mormons who have had some seriously shady ethics. But their church at its head has the same kind of questionable morals and ethics so it’s not surprising.
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burnbright
Full Member
Posts: 361
Mar 22, 2019 21:27:33 GMT
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Post by burnbright on Jan 24, 2020 22:09:06 GMT
Uhm how many trips has she gone on since she stopped paying the mortgage for her old house? Italy, New York and California that I can think of.
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julie5
Pearl Clutcher
Posts: 3,611
Jul 11, 2018 15:20:45 GMT
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Post by julie5 on Jan 24, 2020 22:28:04 GMT
Uhm how many trips has she gone on since she stopped paying the mortgage for her old house? Italy, New York and California that I can think of. Iceland.
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Deleted
Posts: 0
Oct 7, 2024 1:21:56 GMT
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Post by Deleted on Jan 24, 2020 22:44:39 GMT
I can't believe her husband would be ok w/this. From a reputation perspective, if nothing else. As you said, this is in govt records. I still can't believe it somehow. Seems so unlike the "personal responsibility" mantra that so many well-healed republicans and upper class families like to spout.
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Post by sleepingbooty on Jan 25, 2020 0:05:52 GMT
I can't believe her husband would be ok w/this. From a reputation perspective, if nothing else. As you said, this is in govt records. I immediately noticed upon re-reading the WaPo article that Becky's profession is very detailed (selling Project Life products on her website AKA free publicity) and David's was super vague, "a medical professional." Somebody didn't want his patients to stumble across this while doing a quick Google check...
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Post by refugeepea on Jan 25, 2020 0:56:36 GMT
Well peas, I can't judge too harshly on this one. It didn't have to do with appearances. It turned out to be a shady deal from a realtor that convinced us a rental property would not be a problem until the economy tanked. Then there was a series of medical and renter issues (trashed the house). It appears to happen around the same time they got their house in 2008. It didn't drop as drastically here as in Arizona, but when you don't have a high income...
I guess what I find frustrating is her ability to still have a "cultivated life." We're in the same home. She had a home of over 5000 square feet and has three children just like me. My house is about 2000 square feet. Not all of it is finished. It's taken us over 10 years to get back to being okay with finances. I had to quit my job due to my children's issues. I've never been on a real vacation in over 20 years (camping doesn't count!). The only way my husband has been able to go a couple of places is because of donated air miles or some rich cousin had a timeshare the family could use. He goes and I stay because I want him to spend time with his mom while he can because she has ALS. Plus, there's the kid issues anyway. Sometimes I wonder why I scrap. My life is so boring. Then I realize it gives me something to do to keep away the boredom. I still have guilt when I buy the smallest things. I'm constantly watching finances.
Anyway, whiny rant over.
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