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.
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.
eventual disposition of the asset (asset group). That assessment shall be based on the carrying amount
R/s the contractors stated that they can’t work in the home because there is too much crap in the home. R/s contractors said that there is clothes, food, pot and pans everywhere. R/s there is so much stuff throughout the kitchen you can’t see the counter. R/s he filed for eviction of the family and the court date is September 6th.
On 05/27/2016, at approximately 2318 hours, your affiant was dispatched to 315 South Ferguson Street for a disturbance.
On 07-25-17 at 0908 hours, I contacted Lopez at the above location for trespassing on State Property. I conducted a records check on Lopez, which revealed an outstanding arrest warrant. I handcuffed and arrested Lopez on the outstanding warrant. The handcuffs were double locked. I then transported Lopez to the Pasadena City Jail for booking.
On 10/06/2017 at about 2300 hours I was dispatched to 3124 Extravagant Ave in reference to a Burglary.
On 7-24-2016 at about 2050 hrs I was dispatched to Cedar Ridge Apts at 30819
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.
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
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.
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.
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.
In Summary New York Times Bestseller book Evicted written by Matthew Desmond tells a story involving eight families who are trapped in the affordable housing crisis. The book illustrates true events that take place between 2008 and 2009 in Milwaukee’s South Side. Matthew Desmond’s Evicted is unwavering and blunt in portraying poverty in America. It looks at first-hand accounts of real events with real people. The book is narrated in third person, which allows the characters to tell their own story in their own words. Desmond initially started his research in 2008 while he was a PhD student in sociology at the University of Wisconsin. During this time he moved into a trailer park which was owned by one of the landlords
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.