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Nancy Lanza's assets worth a total of $64,000 - not nearly enough to satisfy the families ...
The Daily Mail Online ^ | February 21, 2014 | Daily Mail Reporter

Posted on 02/21/2014 5:47:37 AM PST by Uncle Chip

of her son Adam's 26 victims who hope to sue her estate

The estate of the mother of Newtown school shooter Adam Lanza is worth roughly $64,000, according to a Connecticut attorney who inventoried her finances, which is a devastating blow for victims of the massacre who are seeking damages over the shooting that left 27 people dead and a small town in shock.

Nancy Lanza, the mother of the disturbed shooter who bought him multiple firearms and taught him to shoot when he was just a small child, had five bank accounts worth a total of $60,000, according to an inventory of her finances filed in probate court earlier this month by attorney Samuel Starks.

The home Nancy Lanza shared with her son - where Adam Lanza fatally shot her as she was laying in her bed - has a fair market value of about $360,000. However, Lanza owes more than $400,000 on the mortgage of the home, so her estate is 'underwater' for about $40,000 on the Yogananda Street property.

Other than the home and bank accounts, Nancy Lanza's only other assets is a jewelery collection valued at about $5,000.

The inventory of Nancy Lanza's finances was first reported by the Hartford Courant. According to the paper, the 3,100-square-foot home - that has been vacant since the December 14, 2012, shooting - was appraised for more than $523,000.

However, real estate agents say it's unclear what the house could actually sell for once potential buyers realize it was the home of the man responsible for the second most-deadly mass-shooting in U.S. history....

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Local News
KEYWORDS: lanza; newtown; sandyhook
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1 posted on 02/21/2014 5:47:37 AM PST by Uncle Chip
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To: Uncle Chip

THIS conspiracy nut will stay out’a this one.


2 posted on 02/21/2014 5:50:00 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: Uncle Chip

Obie bail out? Maybe since she’s deceased she can qualify for a HARP loan. Will the “victims” make the mortgage holder pony up some money? Disgraceful.


3 posted on 02/21/2014 5:51:05 AM PST by rktman (Under my plan(scheme),unemployment will necessarily skyrocket! Despite the % dropping. Period.)
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To: Uncle Chip

As if any amount of $$ would make it better anyway.


4 posted on 02/21/2014 5:53:01 AM PST by rbg81
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To: Uncle Chip

Wanna bet someone tries to sue the father..?


5 posted on 02/21/2014 5:54:18 AM PST by ken5050 ("One useless man is a shame, two are a law firm, three or more are a Congress".. John Adams)
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To: rktman

I’m just surprised some ambulance chaser hasn’t gone after the School District or First Responders yet. I’m sure that’s coming.


6 posted on 02/21/2014 5:54:24 AM PST by rbg81
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To: Uncle Chip
It sounds like the Lanza’s are like most of the supposedly rich who live in those McMansions.

They just appear rich, when in fact, they are just in debt up to their eyeballs and are just a few paychecks away from bankruptcy.

7 posted on 02/21/2014 5:54:48 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: rbg81
As if any amount of $$ would make it better anyway.

Bingo.

8 posted on 02/21/2014 5:57:01 AM PST by Tax-chick (The future is not going to take us seriously.)
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To: Uncle Chip

The value of the home will be affected by the events that occurred there. Other than the Lizzie Borden Home in Fall River, most murder houses suffer steep discounts in the market.


9 posted on 02/21/2014 5:58:55 AM PST by Lonesome in Massachussets (In the long run, we are all dead.)
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To: Lonesome in Massachussets

Someone will buy it for the value of the land and tear it down.


10 posted on 02/21/2014 6:07:11 AM PST by Uncle Chip
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To: Uncle Chip; xzins; blue-duncan

If they are looking for deep pockets, they should sue the school district and the state of Connecticut for failing to provide armed security and declaring the school a gun free zone.

If I were on the jury in that case, they would be awarded Billions.


11 posted on 02/21/2014 6:08:55 AM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: Uncle Chip

I assume the mother would have to be found liable before her estate could be taken to pay victims?


12 posted on 02/21/2014 6:10:06 AM PST by umgud (2A can't survive dem majorities)
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To: TexasFreeper2009

“It sounds like the Lanza’s are like most of the supposedly rich who live in those McMansions.
They just appear rich, when in fact, they are just in debt up to their eyeballs and are just a few paychecks away from bankruptcy.”

I agree with you about many dwellers of such places but Lanza appeared to be an exception.

$50k+ in cash is hardly living paycheck to paycheck.

A mortgage is not really a debt unless house value goes down. Unlike credit cards or student loans, there is always collateral that one can sell to eliminate the debt.


13 posted on 02/21/2014 6:13:01 AM PST by varyouga
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To: Uncle Chip

I wasn’t aware that Nancy Lanza shot the kids.
I wasn’t aware Nancy Lanza huddled all those kids into gun free slaughter zone called a school.


14 posted on 02/21/2014 6:13:29 AM PST by ohiobuckeye1997
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To: rbg81

Yup, life is full of injustices. We deal with them and we move on.


15 posted on 02/21/2014 6:14:53 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Uncle Chip

Sounds like another push for gun owner insurance policy requirements.


16 posted on 02/21/2014 6:18:09 AM PST by Pox (Good Night. I expect more respect tomorrow.)
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To: ohiobuckeye1997
I wasn’t aware that Nancy Lanza shot the kids. I wasn’t aware Nancy Lanza huddled all those kids into gun free slaughter zone called a school.

In response to a question I once asked him my lawyer told me that if,for example,you lend your car to someone and while driving it that "loanee" kills a pedestrian the heirs of that pedestrian can sue the driver *and* you,the owner.He had a name for the legal concept,which I can't recall.So be careful to whom you lend your car and be care to whom you provide firearms.

17 posted on 02/21/2014 6:18:53 AM PST by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: umgud
I assume the mother would have to be found liable before her estate could be taken to pay victims?

See post #17.

18 posted on 02/21/2014 6:21:04 AM PST by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: cripplecreek

How does claiming the estate of a woman who was a victim herself heal the families of the other victims in any way?

Adam Lanza was a deeply disturbed individual who apparently suffered from sexual deviancy, violent obsessions, a broken home and was either suffering from a severe mental illness or demonic possession.

Scrounging around for the last pennies from his naive mother’s estate neither heals or prevents further incidents. Only a long hard look at how Americans raise and value their children will affect meaningful change.


19 posted on 02/21/2014 6:23:48 AM PST by longfellowsmuse (last of the living nomads)
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To: P-Marlowe; Uncle Chip; xzins

“If I were on the jury in that case, they would be awarded Billions”

Wait a minute. That’s my hard earned tax money you are giving away. The families have made enough with all of the non profits, public appearances, book deals, and movie rights. As bad as this was, the exploitation and merchandising of it is an insult to the children’s memory.


20 posted on 02/21/2014 6:25:24 AM PST by blue-duncan
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To: blue-duncan; P-Marlowe; Uncle Chip

But, apparently, this lady’s 64,000 dollars is important.


21 posted on 02/21/2014 6:30:21 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: Uncle Chip

I know when I lose a loved one in a mass shooting the first thing I’m thinking is, “Yeah baby! Civil suit. I’m rich!”

These families must be devastated that there’s so little to gain from a mass shooting.


22 posted on 02/21/2014 6:30:40 AM PST by 1010RD (First, Do No Harm)
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To: rbg81

Great BIG ol’ controversy about THAT one.


23 posted on 02/21/2014 6:31:01 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: TexasFreeper2009

I know a guy who drives a BMW with the same problem. The appearance of wealth doesn’t equal wealth.


24 posted on 02/21/2014 6:31:37 AM PST by 1010RD (First, Do No Harm)
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To: blue-duncan

Plus, there are numerous discrepancies with the sales of the homes belonging to the families of the victims. One of the victims fathers has won the CT state lottery. Twice.


25 posted on 02/21/2014 6:33:06 AM PST by ChocChipCookie ("Demons run when a good man goes to war.")
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To: Uncle Chip

$64,000 in cash in bank accounts isn’t exactly poor.


26 posted on 02/21/2014 6:36:10 AM PST by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution)
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To: longfellowsmuse
Only a long hard look at how Americans raise and value their children will affect meaningful change.

That's it.

Reparations have always been paid for injustices but those reparations weren't levied on the people as a whole. Reparations are to be paid by the guilty, in this case the guilty is dead and that needs to be where it ends. Sure its unfair to the families of the victims but life is unfair.
27 posted on 02/21/2014 6:36:43 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Uncle Chip

No one is going to want to buy THAT house.


28 posted on 02/21/2014 6:40:30 AM PST by smokingfrog ( sleep with one eye open (<o> ---)
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To: blue-duncan; xzins

You have to admit that the State of Connecticut has armed Guards posted at the Capitol Building to protect the legislators and everyone else in the building from being attacked by crazed gunmen, but they declare their schools gun free zones and refuse to allow even the most minimal of armed protection for children who, by law, are forced to be locked up in these unprotected facilities for 6 to 8 hours a day.

The State of Connecticut and the School Districts were clearly negligent. They owed a duty to protect these charges and they deliberately and wantonly failed to do so.

I would have to award punitive damages.

If I could, I would direct the punitive damages to be paid to fund armed security to all schools in Connecticut and to purchase weapons for distribution to NRA trained teachers.


29 posted on 02/21/2014 6:42:28 AM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: Uncle Chip

The first thing we do, let’s kill all the lawyers.


30 posted on 02/21/2014 6:44:37 AM PST by jaydee770
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To: varyouga
If you read the article you would know that they owed more on the house than it was worth. And though at first glace $50,000 in cash seems like a lot, that might be less than a few months of reserves for a family that is highly leveraged with expensive tastes.
31 posted on 02/21/2014 6:44:54 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Uncle Chip
What is needed here is to find Rick Thorne and ask him what we should do in this case.

What? Rick has disappeared you say? But what about all the interviews this hero did after the massacre????

What you say? He didn't do any??? But he was the hero janitor. Surely every cable news show would have been fighting for an exclusive with Rick.

What you say??? They weren't? They didn't??

That seems strange

Well,…I'm sure Gene Rosen can figure this out……………….

What absolute suckers American low information voters are. They even elected a FRAUD TWICE! LOL!

32 posted on 02/21/2014 6:45:59 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: jaydee770
The first thing we do, let’s kill all the lawyers.

Especially the ones from Harvard!

33 posted on 02/21/2014 6:49:11 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: rbg81
The United Way took in over $15 million on this scam. Each individual family also had not only their own contribution website up and running (some even prior to the supposed shooting!!) but also were part of the SH website. Some families have taken in hundreds of thousands of dollars. Not to mention each family receiving several hundred thousand from the WH.

Now tell me. Why do these families need anything????????????????? Must have been either the most expensive funerals in the history of the world or HUSH money. Maybe Obama should send us all a big check every time we lose a family member………………………...

34 posted on 02/21/2014 6:50:28 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: P-Marlowe; blue-duncan

I agree that a rational person would say that Connecticut failed in their duty to protect, and they advertised that the schools were unprotected, and they protected other vulnerable areas adequately.

So, I believe there’s a case that could be made.

It’s a case that could be won in Texas but probably lost anywhere in the Northeast. Northeasterners believe guns in schools are the evil...not murderers in schools.


35 posted on 02/21/2014 6:51:22 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: 1010RD
The appearance of wealth doesn’t equal wealth.

HAHAHAHA! Tell that to your Ivy League betters who run the Fed and our Government.

36 posted on 02/21/2014 6:52:04 AM PST by Tea Party Terrorist (Why work for a living when you can vote for a living?)
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To: Doc Savage

I’m sure that in the fine print of accepting this money that the families agreed not to sue the School District, the Newtown Police, the state police, etc.

They don’t want it to come out in court that while the Newtown police were chasing a parent into the woods and waiting for the state police to arrive, they were hearing all those shots coming from the school as Lanza was entering the second classroom.


37 posted on 02/21/2014 6:59:54 AM PST by Uncle Chip
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To: Uncle Chip

None of her property belongs to the state. There are relatives and it goes to them.


38 posted on 02/21/2014 7:00:38 AM PST by Sacajaweau
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To: Uncle Chip

The idea that they can sue her estate is some lawyer looking to collect a fee. Since when can you confiscate an estate?


39 posted on 02/21/2014 7:01:59 AM PST by Sacajaweau
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To: knarf

As will I.


40 posted on 02/21/2014 7:10:43 AM PST by mcshot (Their fraud is deep and unending...)
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To: Uncle Chip

I’m curious why HER estate would be held liable for HIS actions...


41 posted on 02/21/2014 7:14:32 AM PST by MortMan (Is a delayed shower a "stay of exablution"?)
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To: Gay State Conservative
So be careful to whom you lend your car and be care to whom you provide firearms.

I hardly think being shot to death makes his appropriation of her firearms a "loan".

42 posted on 02/21/2014 7:16:30 AM PST by MortMan (Is a delayed shower a "stay of exablution"?)
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To: MortMan

I’m guessing that they would claim that she armed him by buying him the weapons he used and failing to secure them from him as she knew that he had mental problems.


43 posted on 02/21/2014 7:18:14 AM PST by Uncle Chip
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To: xzins; blue-duncan
Northeasterners believe guns in schools are the evil.

In the Northeast guns in schools ARE evil because the only people with guns in school are evil.

If there were just few good guys with guns in school, then the guns in school would be good.,

44 posted on 02/21/2014 7:19:40 AM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: Gay State Conservative

IMO, lawyers are the root of most evil.


45 posted on 02/21/2014 7:31:04 AM PST by lonestar (It takes a village of idiots to elect a village idiot.)
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To: Tea Party Terrorist

You should have put “betters” in quotes. They aren’t.


46 posted on 02/21/2014 7:36:04 AM PST by 1010RD (First, Do No Harm)
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To: Uncle Chip

My understanding is that multiple fundraisers were held for the families of the children killed at Sandy Hook and each one of them has received a good settlement.

As far as I know not one lawsuit has been filed agains’t the school by any family which is unheard of in these kinds of cases. I wonder why not?


47 posted on 02/21/2014 8:07:09 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: MortMan
I hardly think being shot to death makes his appropriation of her firearms a "loan".

Perhaps not but imagine this....the lawyer representing the families of the dead kids tells the jury "and his mother taught him how to shoot,in spite of her knowledge of his serious brain disorder,and had a mini arsenal in her home which she stored in a manner which was inadequate to prevent her obviously disturbed,unstable,son from getting at it.That makes her,at best,breathtakingly negligent in this case and that negligence led to the deaths of 20+ children".

Most juries in this part of the country...but not necessarily in *all* parts of the country....would buy this argument hook,line and sinker.

And BTW...the words I quoted were a lawyer's words,not mine (just in case anyone accuses me of being anti 2nd Amendment).

48 posted on 02/21/2014 8:08:21 AM PST by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: Georgia Girl 2

I think that it’s against the law to sue a school district in many states.

They can do so to get answers or access to information or changes in policy but not financial remunerations.


49 posted on 02/21/2014 8:17:30 AM PST by Uncle Chip
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To: mcshot

I have feeling hubby’s name is on the deed and mortgage.


50 posted on 02/21/2014 8:22:27 AM PST by Sacajaweau
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