"I was advised not to talk about specifics"
"I'm going to lose my house"
"I will be sued"
This is 100% about not paying his mortgages (or at least the CT one) and his bank sold the mortgage to someone else who is a LOT more aggressive about getting the money back. His bank would have let him tread water on interest forever. Something must have changed and thats why it was sold.
The advice is legit, no way would a lawyer (all those appointments last few weeks) would tell him to talk about it (debt collection agency would be watching) since its really bad to give information freely like that to your legal opponent. Whoever holds the mortgage right now has him by the balls and is threatening to take him to court to recover ALL of it. I'm not Dave's accountant but given the value of the property has halved, they COULD go after his WAkhando for the balance (if his debt is structured poorly which is unlikely)
If they can't go for the WAkhando directly, they could indirectly by:
- Force judgement in their favour for x amount (its a free win for them, Dave cannot possibly win only delay)
- Dark can't raise amount (probably 100k since hes only paid interest afaik)
- Forced to instantly sell WAkhando to pay debts, which:
- Triggers the bank who holds the WAkhando mortgage to call in their debt
- Dark is homeless with an empty bank account, no employment history, no retirement and 2 angry k/cats
$1800 is JUST to tread water on this property. Its not $1.8k to make the CT place go away for good, its just delaying the, what is almost certainly, the inevitable
tl;dr Dave's world could collapse on him simply because he owes someone who is aggressive about debts. Makes me wonder if its an actual Bank or some private debt recovery company (probably the former)