Summary of Progress from Prior Month's Report
As of November 30, 2017, there were 60 active assets included in the project.
• Days in REO for active assets increased to 215 days in November 2017 compared to 187 days in October 2017
• As of November 30, 2017, 23 assets in the REO oversight population had more than 200 Days in REO
Forward Looking Objectives and Goals
In November 2017, RMS continued to focus on the following areas, which we believe have the greatest impact on the portfolio due to extended days in REO and higher carry costs:
I. Assets with extended days in REO (200+ days);
II. Assets in eviction, including aged evictions and the relocation assistance program to ensure meaningful offers are made to the occupants to
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Of the 8 assets in eviction, 1 is currently in an occupied auction. 4 of the 9 had extended timelines due to the timeline to vest the property
Asset (1010675840) is in Rosemead California and is tenant occupied. The tenants are contesting the eviction. At trial, judgment was entered, and the writ was sent for issuance and is still pending a lockout date to be set. This asset has 330 Days in REO
Asset (1010668802) is in Cypress, Texas. The eviction was delayed due to a bankruptcy filing. The complaint has been filed and the hearing is set for 11/17/17. The occupants have now filed a TRO in an attempt to stop the eviction. This asset has 235 Days in REO
Asset (1010669623) is in Fort Washington, Maryland. This asset was in redemption for 343 days and just moved to eviction. This asset has 373 Days in REO
Asset (1010681494) is in Chicago, Illinois. This asset was in redemption for 164 days and just moved to eviction. It is 3 units and tenant occupied. It is anticipated the eviction will take a long time as it is in Cook County. This asset has 204 Days in REO
Asset (1010690362) is in Dover, New Hampshire. The writ has been issued by the court, but counsel made an error on the writ and it needed correction. Counsel then erroneously place the eviction on hold.
A writ of execution applies to a debtor’s nonexempt real or personal property wherever located.
Met with Ms. Balgobin at 10:43 a.m. regarding her $7,442.68 outstanding rental arrearage. Ms. Balgobin said she had two money orders for $400 each to mail but lost her purse in the parking lot of Stop and Shop. She did not call the police but went to security who located the purse; her valuables including the untraceable money orders were gone. She was only able to make one payment of $400 prior to this incident, to Hildebrand. She stated she canceled her debit card, etc.
Respondents deny that they tried to evict Complainant based on his source of income. Rather, Respondents assert that on November 7, 2017, Complainant was issued a 5-day eviction notice because Complainant failed to pay the November 2017 rent. Respondents further assert that Complainant never made or filed any formal complaints regarding any burglary. Respondents assert that all resident keys are kept in a secure lockbox located in the front office of the building, and only accessed by the building manager or maintenance
On 05/27/2016, at approximately 2318 hours, your affiant was dispatched to 315 South Ferguson Street for a disturbance.
Upon my arrival I was met by a white female adult identified as Juliann Conti. Conti stated that she arrived home on 10/06/2017 at about 1630 hours and found her Sony DVD player was missing. Conti then discover a blue bag located in the master bedroom which contained the following items: Divorce papers, one Birth certificate bearing the names Julia VIA (Deceased), three Social Security Cards bearing the names Julia VIA, Dominick Via (Deceased), and Juliann Conti, One City bank Credit car bearing the name Juliann Conti, one Wal-Mart credit card bearing the name Juliann Conti, one JC Penny credit card bearing the name Juliann Conti, one Lowes credit card bearing the name Juliann Conti, one Nevada unemployment card baring the name Juliann Conti, was missing.
REVIEW ILP AND CLIENT RIGHTS AND CLIENT CODE OF CONDUCT: Client is not compliance with the saving contract. CM advises the client to comply with the Shelter Rules and DHS Code of Conduct. Client must adhere to the shelter 10pm curfew. Client is scheduled for Conference Meeting to address her non-compliant with the Saving Contract and Apartment Search
“A long-lived asset (asset group) shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable.”
On 7-24-2016 at about 2050 hrs I was dispatched to Cedar Ridge Apts at 30819
This case is between the (plaintiff) Mrs. White and the (defendants) Patrick Gibbs and Stand Alone Properties, L.L.C. as O’Malley’s Tavern. A Motion of Summary Judgment on behalf of O’Malley’s Tavern in the US District Court of Northern District of Indiana. Is being argued/presented.
Source of payments: The petitioners claim liquidity and the ability to pay interest or principal on amount owed, but conclusive findings show the insufficiency to pay interest or principal balance. This factor supports the treatment of the advances as equity.
Evictions have a mental price on kids, who will remember that event for the rest of their lives. Desmond shows the huge impact it takes on the children who are not responsible for their upbringing and can ingrain the “poverty mentality” early on. An
This case was last before the court on 6/26/2017 for a report to the court. At that time, temporary custody of Issac Johnson remained with the Department and a pretrial conference date was set for October 30, 2017.
Now, If the paperwork was located last week and it was forwarded to the courts by Sgt. Carriveau…where did it go? Somebody has possession of it at the courthouse.
I was previously charged with a second-degree misdemeanor for failure to redeliver hired or leased rental property due. This was regarding furniture I was purchasing through a rent-to-own process with Rent Way Furniture. I paid my account every Friday at the store, however, in June of 2013 after the location manager became vulgar and disparaging I no longer felt comfortable going into this location. I requested Rent Way’s corporate office to transfer my account to another store. They denied my request due to internal accounting policies but agreed that I could mail in money order payments. Shortly after this, the police contacted me and after explaining the situation the officer said it was a civil matter and left.
eventual disposition of the asset (asset group). That assessment shall be based on the carrying amount