Quiet Time
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Yes, and the criminal continues to get their face and life story plastered all over the news, while the victim seems to get forgotten...
I agree-and why is there no evidence of an interview with "Jim" who was with NK on 13th Aug? Surely his information would be important in respect of her demeanour that day when she apparently just thought Shan'ann had "taken off" with the kids (can't forget the "let her *advertiser censored**ing go" comment she made to LE ). Seems like LE really did "leave Jim alone" !I was thinking that unless they investigated her, how would they know if there was evidence linking her? My guess is a lot of people were investigated to some degree before being ruled out. His coworkers who were at the site that morning, the friends he stayed with the first night Shanann was missing, possibly anyone whose fingerprints may have been in his work truck, etc. add to that that NK actually had a reason to not want Shanann around and that’s plenty of reason to look at her very closely. Moo
Seenit, you beat me to it by 9 minutes. It’s a good article. A couple of things new to me — the house was removed from foreclosure after it was put up at a foreclosure auction but no one wanted it.
Seenit, you beat me to it by 9 minutes. It’s a good article. A couple of things new to me — the house was removed from foreclosure after it was put up at a foreclosure auction but no one wanted it.
— There are liens on the property, the biggest from the Rzucek family (a result of the $6M+ they were granted in their civil wrongful death suit against CW). Anyone who buys the house would have to pay the lien off unless they negotiate some kind of settlement w/the lien holders.
Pardon my ignorance, but if someone were to want the house, they would have to pay off the $6 MILLION lien against it? So, essentially the house is unofficially listed at $6.6M? How would that even be possible?
When you buy the house you also become legally responsible for it’s liens. A prospective buyer can negotiate w/lien holders to reduce the lien amount and since lien holders will get nothing unless it sells they’re likely to negotiate. But there are several liens and the buyer would have to negotiate and reach an agreement with each lien holder individually plus cover the mortgage (or get the lender to agree to a short sale). It’s conceivable they could get every lien holder and the lender to agree on a reduction that would work but there’s no guarantee and what a hassle!I was wondering the same thing. But I’m thinking the proceeds from the sale of the house would be applied to any liens. How could anyone afford that?
Thank You for explaining this. Yeah, who on earth would want that hassle? Not me.When you buy the house you also become legally responsible for it’s liens. A prospective buyer can negotiate w/lien holders to reduce the lien amount and since lien holders will get nothing unless it sells they’re likely to negotiate. But there are several liens and the buyer would have to negotiate and reach an agreement with each lien holder individually plus cover the mortgage (or get the lender to agree to a short sale). It’s conceivable they could get every lien holder and the lender to agree on a reduction that would work but there’s no guarantee and what a hassle!
I don’t think they can do that unless the bank and other lien holders agree. It’s still an asset, just not one anyone is willing to pay for.Tear the house down
He had already been charged with five counts of murder, plus the unlawful termination of pregnancy for Nico.Chris Watts phone call recording following the prison interview:
"I mean I felt like I had to just because like they flew out here and they didn't know what else was gonna happen you know.
Maybe like I'd come back and something like you know my sentence would get reduced or something like that"
So a guy who already confessed to two murders figured his sentence would be reduced if he confessed to two more?
When you buy the house you also become legally responsible for it’s liens. A prospective buyer can negotiate w/lien holders to reduce the lien amount and since lien holders will get nothing unless it sells they’re likely to negotiate. But there are several liens and the buyer would have to negotiate and reach an agreement with each lien holder individually plus cover the mortgage (or get the lender to agree to a short sale). It’s conceivable they could get every lien holder and the lender to agree on a reduction that would work but there’s no guarantee and what a hassle!
That’s a great question, and one I wish I knew the answer to. I assume you can have one lien on multiple assets, so even if the house sold they could still collect if CW were to say write a book. But I don’t know for sure so I asked an attorney friend —he isn’t sure either.I agree. That would be a lot of hoops to jump through just to buy a cookie cutter house with a horrifying history.
Another question: If SW's parents agreed to a settlement with a potential buyer in regards to the house, does that mean they would be unable to collect anything else from CW ever? Kind of like when you sign a settlement with an insurance company, you give up the right to sue them for anymore money. (Obviously, they would never get $6M out of that house so my question might be right up there at the top of the stupid question list...Sorry!)
I took a break from this case for a few months. What insurance settlement did Cindy Watts get? I did not realize that she was a beneficiary for any of her son’s victims. Thanks.. . .Apparently she can't waste any of the insurance settlement . . .
That’s a great question, and one I wish I knew the answer to. I assume you can have one lien on multiple assets, so even if the house sold they could still collect if CW were to say write a book. But I don’t know for sure so I asked an attorney friend —he isn’t sure either.
@gitana1 do you know?
Sick Money Grab: Parents Of Killer Dad Chris Watts Seek $450K Insurance For Slain Wife, ChildrenI took a break from this case for a few months. What insurance settlement did Cindy Watts get? I did not realize that she was a beneficiary for any of her son’s victims. Thanks.
Really? If the Buyer doesn’t assume the lien why will a Title Company refuse to provide Title Insurance to the new Buyer if there’s any lien on a house that won’t be fully paid off at time of closing? Without Title Insurance no lender will approve a mortgage. We’re told as Realtors we have to make sure there are no liens early on and if there are make sure they’ll be paid:lifted at or before closing or else the transaction will never close.To my knowledge, a lien on a house enables the lien holder to recover whatever value there is when it sells, up to the total amount of the lien, if available. If the full amount is not available, part of the debt is satisfied and they can continue to go after the rest, elsewhere.
For those asking earlier, when you buy a house with a lien, the lien doesn’t follow the buyer. They don’t buy the debt. It attaches only to the debtor’s equity.