I got up at 5AM this morning with the help of my wife. She was inspired by my Early Riser initiative in December and decided to make that as one of her goals for 2007. Yes, that’s an entire YEAR of getting up at 5AM every single day! Wow!
“Are you sure?” I asked her, “What if you mess up one day?” She said that failure is not an option. And she means it! She was 100% successful on her one goal for last year (unlike me). So I am going to piggy-back on her consistency a little bit. I am a great starter but not so good on follow through. She is the opposite. It takes her longer to get things going but once she commits, she really takes it seriously.
Since working at my rich dad’s office didn’t work out, I negotiated one of the rooms in our house as my own exclusive office space. In exchange I will be paying an extra $50 rent my sister-in-law and will take on the duty of rolling out the trash every Wednesday morning.
Having my own space will help me focus and have balance. All the stuff is in but needs to be sorted and organized:
Besides, organizing the office, I have stuff for Chris to do, 612 emails in my inbox to read, a bunch of mail to open, computer applications to re-install, lenders to call, spreadsheet to make, and a meetings to attend. I also need to finalize my 2007 goals and decide the future of this blog.
It will take me a few days to get caught up on everything. But it’s OK because I’m motivated and ready to hit the ground running. Latest figures and updates on foreclosures, properties and debt to come as soon as I get organized.
Getting all the books organized for 2006 will take longer but I am excited to get it done so I can analyze all the deals and see where exactly did all the money go.
215 Comments
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Only you, with 6 unoccoupied houses, could figure out a way to pay MORE rent in a house you dont even own. the casey train wreck continues unabated into 2007
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Love your photography, Casey! The blue ball is back!
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First off, I have to tell you that just about everything you do makes me furious. Then I have to remember that you’re only 24, and at 24, I didn’t know sh*t about how the world worked either. But I did have my bachellor’s degree, and if college teaches nothing else, it teaches you how to jump through hoops. Something you clearly have not mastered yet.
I digress. I think your goals are pretty laughable with the exception of the “early riser” innitiative. I find that I’m at my most productive in the morning. If you can start “working” at 6am, everday, you’ll probably get a lot more stuff done. I know I do.
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You are very good at fooling yourself.
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Don’t bother paying your sister-in-law for the space. It would be out of character for you.
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Like a squirrel that buries nuts… you move and reorganize your office. Hope it works out. Sometimes, a change of scenery is refreshing. Besides, who wants to be under a “rich dad’s” thumb.. Oops, I meant to say, “sugar daddy’s.”
Dude, you be better off spending your day collecting cans and lost money like this guy:
www.foundmoneyjar.blogspot.com
This guy actually has free and clear funds in the bank. What have you done in the last year?
H
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It seems like your wife failed in her goals of becoming a CPA, but maybe it’s just a learning experience for her, and she didn’t fail after all!
I hear there are still job openings in nail salons for people who can speak Russian. She has to pass a test and get a state license for it, and then actually work.
Maybe that’s not a good goal for her, because work will be involved…. that old Serin anti-work ethic always gets in the way.
Serin must be a Russian or Uzbek word for Lazy.
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Money went to jamba juice,macaron grill, starbucks. seriously tell us exactly how much money you wasted at these places.
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Hey Casey, I got an idea for you… Why not try to sell your properties to all of us. Just sell them as a collection and turn them into a “unit partnership.”
Have an attorney draw up a partnership agreement and choose an escrow company to collect the checks from the various participants.
or maybe, just a single house… say Burdette. 150 people or more buy the units at $2,500.00 each and you guarantee them a 6 to 8% return. This way, you could payoff the original notes and the partnership could hold the property for a few years while collecting rent to pay the investors.
It could work… Just find a few other general partners and an about 145 junior partners and I’d buy a $2,500 interest in this venture.
You’ve got to “Think Creatively” because this housing market is going to be in the dumps for sometime.
H
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Wow, yet another day wasted, this time ‘organizing.’ This just isn’t going to stop, is it?
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Instead of coming up with your latest scam, er, I mean “sweet deal,” why don’t you get a job? Seriously, how do you think you are going to make money? We’d all love yo see your plan. I hope it involves spending thousands of dollars on some “real estate college.”
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A day in the life of Casey Inc.:
Answering emails: 2 hours
Blogging: 1 hour
Jogging: 1 hour
Hot/Cold Shower: 0.5 hours
Lunch: 1 hour
Blogging: 1 hour
Making a to do/goals list: 2 hours
Rewarding yourself at Jamba Juice: 1 hour
Selling houses: 0 hours -
Here’s the advertisment:
Own part of a house for $2,500 minimum investment. Casey Serin guarantees you an 8% return from the rent. Call the OUT OF FORECLOSURE Partnership NOW!
Find all the particulars of the deals at: www.iamfacingforeclosure.com
There you go… I’ve already done a little work for you… Now, pick-up the ball and run with Casey!
H
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Getting Started
By Karen E. KlienMost of these scams have been around for generations, but people fall for them again and again…….
This blog is a perfect example!!!
The Lesson: Starting any business takes research, education, and hard work — it’s never easy.
The Best Scam: Wealth-Building Seminars
Few people actually get richer, but many people get poorer attending these meetings, which are often held at hotels near airports. Would-be entrepreneurs, lured by “free tickets,” often attend hoping to get business tips or money they can use to start their own companies.At the seminars, business ideas such as stock-market or real-estate investing are “tree topped” — meaning they are treated superficially — followed by a heavy sales push for tapes, workbooks, and DVDs containing “secrets for success.” “Few of the people in these seminars will get wealthy, but many of them will spend $2,000 to $5,000 on dense, poorly produced materials that don’t contain any brilliant insights,” Weiss says.
Sad Story: “Entrepreneurs have been known to spend their nest eggs on these seminars, when the only people guaranteed to get wealthy from them are the people running the workshops,” says Weiss.
The Lesson:
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You should seriously consider having your wife take over the whole operation.
Seriously.
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Here’s some sound advice: Ditch the blog, which, as much as it is highly entertaining to many of us, is a waste of your energy. All of your focus should be centered on the goal of getting your butt out of this situation by whatever means possible, in a way that will have the least negative impact on you and your wife.
Stop reading books, flying around the country, or buying CDs, looking for the easy answer; and start getting your hands dirty. *** You *** need *** to *** sell *** your *** houses ***; and sitting by, waiting for a real estate agent to do anything besides list it on MLS isn’t going to get you very far. Trust me, on the most part, that’s all they do (this might raise some ire from other posters, but I don’t care… I’m right).
MARKET YOUR PROPERITES! Hell, if there are people out there still stupid enough to be buying a Hummer during this time of soaring fuel prices, you’re bound to find some numbskulls who are willing to pay you *something* close to your purchase prices for your houses. You NEVER KNOW if you don’t get out there and POUND THE PAVEMENT.
Your complacency is so irritating. It’s like you just want to flit around or just sit on your ball, and wait for the solution to just plop into your little kacki-clad lap.
You don’t need a $50 p/mo office space. You should save that money and set up on the freakin’ coffee table if need be… trim the fat, as you said in a prior post, and figure out the things that you *really* need, and stop spending on things that you just want.
Casey, you should thank your lucky stars I don’t live down there–because if I did, I might think it worthwhile for my own personal mental health, to drive to your house, and pimp-slap you for about half an hour, take a Jamba Juice break, and do it again.
Jesus H. Christ.
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So Casey what is Homey Da Clown talking about? A big loan? Sounds like he’s got quite a beef with you and has been casing your house/car. That guy sounds like he’s really out to get you…how come?
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Up at 5 AM everyday….wow! Aim high, I always say….
At least you’ll be up in time for your court appearances!
On the other hand, I think you might be able to “piggy-back” on the consistent structure prison life imposes on a person’s daily schedule.
Which credit card did you put all the Christmas presents on? Sure hoping you aren’t paying 36% interest for all that. purchases!
Looking forward to seeing you implement Tim from Monteray Bay’s very sound advice!
Or you could go a different route. Another shot at truly creative loafing is right around the corner. Tony Robbin’s “UNLEASH THE POWER WITHIN” will be in San Diego on March 16-19? Why not treat yourself? What the heck….take the wife too! What else does she have scheduled anyhow?
Of course, this assumes you haven’t been arrested by then…
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Oh man, we’re on a roll now. 2007 here we come!
Katie, Bar the DOOR!
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Your added responsibility is to take the trash out? I was wrong about you, you’re just a kid still living with your parents. Watch out or you might soon be painting the house and other odd jobs for money. Maybe you’ll have to walk the dog or mow the lawn or even a paper route!
Fool yourself into thinking you’re an entrepreneur but you’re no more that than the homeless guy on the street that is “freelance poetry writing”. He’s not working for “the man” either and while he doesn’t have a home, he certainly doesn’t have an inflated sense that 2.2 million in debt on paper is going to magically disappear. The only difference between you and a homeless person is that you have family that are still watching out for you. Take comfort in that and forget everything else.
But then again this is all fake since you have that loan in your back pocket that you haven’t told anyone about. Drag this out for another 5 months just for fun.
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The new incoming chairman of the House Banking Committee, Rep. Barney Frank, D-Mass., said Wednesday that he’s making it a priority to push legislation through Congress that would give forebearance to mortgage holders like Casey who are facing foreclosure.
So there’s the real possibility of good news out there. With more time, Casey will be able to work through his debts and sell his houses at better prices. The economist with the National Realtors Association says house prices are bottoming out, so hold on Casey, the Army is just over the hills and coming soon to the rescue. -
Hi Casey good luck with your ideas this year. Try hard to reach them. I too invest in real estate, although I am concentrating on building a passive income through rental properties so I buy to make money from day 1. I havent tried to flip any properties yet but may do a few here and there. Good luck with 2007. Dont give up……
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Casey, Casey, Casey - you’re still tiptoeing round the edges and continuing this endless procrastination while the clock is ticking ever louder.
It doesn’t matter what time you get up in the morning. I work from 9.30am to 6pm. My boss works from 11am to 7.30pm. I generally do my best work before lunch, while he does his after 4pm. There’s a hefty overlap between the times we’re in the office, so the system works very well.
The crucial thing is: WE GET THINGS DONE. It doesn’t matter when we actually do them, provided they’re done by the time the other person expects them to be done. And because we trust each other to deliver on time, we give ourselves a huge amount of flexibility - a reward far more precious to me than any number of Jamba Juice shots, not least because I can top up my income with freelance work during normal office hours.
The problem with you is that you end up spending ludicrous amounts of time obsessing over utter trivia. What difference does it make if you wake up at 5am or 7am if you don’t do anything useful in those two hours?
And you keep talking about “goals”. Your main goal is obvious: to climb out of the financial hole you’re in. What you need is a STRATEGY, based on day-to-day tasks that have to be done before you start messing around with anything else (such as this blog).
You’ve had a ton of free advice, some of it very good indeed - and the best of it is worth a damn sight more than the snake-oil you’ve been swigging at these seminars. (I simply cannot believe that you paid good money for another one when it was so obvious to everyone else on the planet how much damage they’d done).
And your office already looks much tidier than mine. It should take you half a day maximum to get it into a productive state, software installation and all (what do you need aside from a Web browser, an e-mail client, a spreadsheet and a word processor?) - so by the time this comment is approved, it should be up and running.
No more excuses. You’re three days into 2007, which I suspect will end up being the most important year of your life - so every second counts.
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One of your goals was “early retirement”. Getting out of the rat race. Without knowing, you are already living the life of someone who is retired. No job, being lazy all day long, living on the expense of others and creditors.
No need to make millions in order to afford it. You are already there.
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casey it’s been said before but man o man is your wife a hot little number
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“She was 100% successful on her one goal for last year (unlike me).” What was her one goal?
. Let you ruin her credit (100% success) or,
. Find a real man (moderate intermittent success) or,
. Be intimate with you (2/365 = 99.5% success) (for her) or,
. Stay married to a retard (100% success)“Lenders to call”? Can you post those calls on YouTube?
News flash genius….getting up at 5 a.m. only works if it’s not followed by a four hour nap.
Please, keep these great posts coming. I predict another 300+ comments on this one.
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Casey,
Keep the blog, it will help keep you accountable. Writing your stuff down really helps put your business in perspective.
Don’t let the adsense cancellation bring you down, there are a LOT of other well paying advertisers.
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Casey, I have being a supporter of you from the start, however that was a few months ago. I am starting you able to see the big picture why you started the blog. The big picture of the blog is to “GET OUT” foreclosure and debt. You are NOT doing it. You are hidden behind other parts of life, just read your 2006 goals. I almost fainted reading it, who cares if you are a vegan or wakes up 5:30 am. It is all about getting out of debt. Your work habit is almost NONE existence. You not taking any action or progress on your REAL PROBLEM, the foreclosures.
If you don’t get your act together very soon, you won’t be able to make your choice and go down the road of BK. I think BK is your only choice, however if you can get the lenders to do short sell you might have a chance. But, you gotta be on the phone with the lenders daily. The worse thing you can do is avoid them, because they will come and do a Trustee sale on you and sue you for the remainer. The good thing is you have no asset for any judgement to stick.
The only reason I am writing this long comment is I really want to see you get out of this mess. But it look like your supporters want it more than you.
I hope you wake up to the reality and stop dreaming.
- Max
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“Like a squirrel that buries nuts… you move and reorganize your office”
That brings up a comical vision of that muskrat from the movie “Ice Age”. Despite large obstacles that would deter others, the muskrat energetically pursues his nuts. And usually gets himself in trouble in the process.
The parallels are striking.
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So what you are saying is that you are now taking up TWO bedrooms in your sister-in-law’s house instead of ONE… paying rent LATE, if at all, and taking out the garbage once a week?
Are you really 24?
Your parents must be SO PROUD!
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Being an early riser is not going to change your circumstances very much.
Jesus, both you and your wife are taking a swan dive off the deep end.
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You should spend no more than 2 hours, out of a 10-hour workday for today, organizing your office. Anything more than this is just OCD/ostrich in the sand avoidance of the Real Work.
Then put “replying to e-mails” at the bottom of the list (unless you can see that an e-mail is DIRECTLY RELATED to one of the fires now burning, e.g., the “Highland Unwrapped/Re-Wrapped” blustercluck. Waste no time at all replying to incidental e-mail, etc.
Frankly, in the 4 hours so far today, you should have unpacked any files, organized your staplers and paper punches, changed the angle of the lamp, and BE READY TO DO THE REAL WORK:
1. Sort through the paper mail you have been leaving unopened. Do it quickly. Identify the “REGISTERED MAIL” and “URGENT, OPEN IMMEDIATELY” and do so.
2. Put critical “fire-fighting” items in a place you cannot possibly forget about them, or ignore them. Maybe a folder (but beware of “out of sight, out of mind”), maybe in an IN BOX marked “URGENT,” maybe been thumbtacked to a large bulletin board, so it cannot go unmissed.
3. Waste no time whatsoever on fantasies about “marketing the properties.” If they haven’t sold in 6-8 months (since last May, you told us), then another few days is not going to make a difference.
4. Deal with the urgent fires that threaten to further consume you. The Highland, Utah case, for example. (Who is cashing the checks from the new buyer? Where is the money going? Is your own lender aware of what you did with the wrap? Is he getting paid? Are any of the REGISTERED or IMPORTANT paper mail items related to this?)
5. This should take you to about 3 pm, today. If you’re still “moving in” to your new office and have done none of these urgent tasks, you’re just stalling again.
6. Spend the rest of today quickly listening to any phone messages, reading any e-mails that NEED ATTENTION. Ignore and erase comments from well-wishers, those asking for you to help them (in a general sense, not with deals you may have with them), etc.
7. Spend the first part of EVERY DAY reviewing urgent tasks that need to get done.
8. You’ve loafed for most of the past month, arguably longer, citing “need to spend time with family,” “vacation time,” “the holidays,” “more guru education,” etc. It’s long past time for you to treat every day as a work day, ending it only when urgent items are completed enough so that your problems at least don’t get worse.
9. Which organizational tools you use–a large blotter pad calendar, a Day-Runner, spreadsheets, etc.–are up to you, but most of what you need to get done is just basic keeping track of deadlines, bills, paperwork.
(I can’t resist commenting on an obvoius point: A bunch of your remaining properties are listed as FSBO…maybe all of them by now (I haven’t dug down on each listing recently). And yet you are oblivious to the paperwork, the “cube job” work that each requires when doing a FSBO. If you are unwilling or unable to do the clerical work, the advertising, the notification of lenders and titlel companies, and all, then you should go to a full-service agent and pay the 5-7% sales commission.)
10. You don’t need a big office, a neat office, to do what is needed. You just need to FOLLOW-THROUGH on your 6-8 properties (either still owned by you or still having taxable and clerical connections to you) and your debts. This could quite easily be done out of just a Crate-A-File filled with Pendaflex hanging folders for each property, for example.
The issue is going through each file, and then following through on deadlines, tax filings, delinquencies, legal notices, etc.
11. Go ahead and spend a few minutes reinstalling your computer apps, but only after the paperwork-based fires are contained. (Most things with legal implications involve paper documents, not e-mail, which has less legal standing. Deal with the urgent letters and bills first, the computer stuff later.)
12. When the urgent fire-fighting is done, by tomorrow night at the latest, start working on a summary sheet so you’ll now just how bad your situation is. Have a first version of this by Friday afternoon.
A lot more ARs are obvious, but this should be enough for Wed-Thurs-Fri. And will let the weekend be spent in figuring out where to go next.
–Tim from Monterey Bay Area
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Lay off the poor kid. We’re fattening his scrawny butt up so the wolves can have a feast of the poor lamb.
Now Casey here’s some more free advice you can ignore. How about cut-n-pasting all the pics of your various “offices” over the last 365 days? You can see how quickly things went downhill to your current abode… complete with chipped desk and handmedown furniture.
You can sell the fax machine on Ebay too. I can’t imagine spending money on those expensive little inkjet carts just to get another foreclosure warning is an intelligent use of resources.
But then intelligent doesn’t sprechen zie Serin does it? Silly me just spent $1554 on a three day ski trip for six people. That’s what you’d call a “sweet deal”. Most of us are too stupid not to work all day long for our money, which is probably why I have no fear that any of their checks are going to bounce once I deposit them.
Boring and predictable eh? I can only imagine how exciting being an independent entrepreneur must be in comparison.
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Be sure to add taking out the trash every Wednesday morning to your 2007 goal list, that’s a “heavy-duty” duty. Seriously, do say sh*t like that just to troll for comments or to piss us off. I know, I know, if it’s the former, you got me.
How many others here feel that Casey should be the guy on the right in the commercial below when he posts this inane crap.
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Getting a handle on what’s going on with your properties is a priority (though the impact that makes on your future is becoming less and less as BK and potential legal proceedings loom). Also, you seem, despite your vague “threats” about the future of this blog, to be quite involved in it. Why not combine these two items and actually update your links, >>>on the side there, “Problem Properties”>>>. Perhaps that will jump-start you into some sort of productive activities regarding your current state of affairs.
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best real estate blog vote of 2006 now going on. write-in this site!!! winner gets $50 gift certificate.
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re-install apps? did you buy a new computer? sweeeet!
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I don’t think that living in one of his Sac houses really isn’t a good option for a couple reasons:
1) he’d have to start paying utilities
2) either would be much further away from his wife’s school
3) the North Highlands property isn’t really livable in its current condition (and Casey is both too poor and too lazy to put the $1000 or so needed to spruce it up)
4) the Burdett property is in a really ugly part of town.At the present time, he’s probably doing the right thing by staying with his in-laws–although he’s probably wearing out his welcome faster than he appreciates.
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Now here’s an idea (from www.therealestatebloggers.com and attributed to Realtor(TM) Magazine)
ShotGunning - The Newest Mortgage Fraud or Not Just For Beer Anymore
January 2nd, 2007
When I heard the term shotgunning I was having flashbacks to my not so logical and sober times in college. But when I heard the term in relation to mortgage fraud, it made a great deal of sense. Shotgunning in the mortgage fraud world is the application for and receiving multiple mortgages simultaneously, getting the proceeds of the multiple loans on the property, and then fleeing the country.The shotgunning method of mortgage fraud is typically perpetuated by Eastern Europeans who can in one fell swoop steal enough money to live on in their native countries. It looks like the title companies are trying to attain first mover advantage on Shotgunning, but it is something that the whole industry needs to aggressively pursue.
Authorities are blaming Eastern Europeans affiliated with what is known as the Russian Mafia. “It’s the fraud of the year,” says Paul Doman, director of Title Insurance Co.’s Lenders Advantage Equity Division. “They can pull in excess of a million dollars out of the home, enough so they can live a good life back wherever they came from.”
First American and other title companies are trying to stop this and other schemes by forming a consortium in which applications for title searches are run through each other’s systems. That way, multiple applications on the same property can be spotted before rather than after the fact. via REALTOR® Magazine
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“Only you, with 6 unoccoupied houses, could figure out a way to pay MORE rent in a house you dont even own. the casey train wreck continues unabated into 2007″
Casey has never given a convincing explanation of why he has not moved into either the Larchmont or Burdett houses in the Sacramento area.
Owner-occupied properties have certain tax advantages (deduction of mortgage interest, favorable capital gains treatment). Owner-occupied properties also have security advantages (security for the property). And the rent Casey is now paying to his sister-in-law would be saved.
Plus, other bedrooms could be rented out.
Casey said something about the hassles of moving…well, many of us had to move many times when we were young, so I have no sympathy there.
By the way, while Casey may not have _cleared_ much money on any of his sales (I think he said he cleared $318 on the Utah wrap), the fact is that the IRS does not deal with “cleared” amounts. Rather, the difference between purchase price and sale price (for a property that actually sold) is one number on a Schedule D form. Then varous deductions apply, such as the costs of the sale (commissions, certain repairs but not all repairs, especially not maintenance repairs!). And mortgage interest is deductible against these gains if deductions are itemized.
Whether this affects Casey is not clear to me (he may choose to take the standard deduction, or his gains may be too small to worry about), but his failure to occupy any of these houses will make any attempt to deduct his mortgage interest nearly impossible. (Yes, this is something that should have been taken into account on a business plan, a spread sheet, when he initially acquired the houses….)
And as many have noted, actually occupying one of the houses he signed a statement saying he was buying as an owner-occupied house might be one less criminal charge to face.
The “place to live while bankruptcy grinds on for a year” is yet another reason to move into one of those Sacramento properties.
–Tim from Monterey Bay Area
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Office space for what? You never actually “do” anything. That’s not what got you into this mess, but that is sure what is keeping you in it.
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can you count your office as one of your sweet deals you negotiated ?
“Yes, that’s an entire YEAR of getting up at 5AM every single day! Wow! ” as always you are congratulatory before the goal is accomplished i.e. calling yourself a real estate investor
good luck in 2007 you’ll need it
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As far as your blog goes have you ever considered looking at Yahoo’s advertising system? It’s similar to Google’s but if I understand it right it has some mechanisms that prevent the clicking scripts people use. I don’t think it’s as popular as Google’s though so your revenue might not be as much as it once was, but at least it’s something.
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The cliche “rearranging deck chairs on the Titanic” has never been so appropriate.
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Casey,
You do make me laugh. I just feel for you and know that it’s going to be hard for you for some time to come. I do like your ability to see the positive even if you’ve done some really bad stuff. Good luck. I do wish you well but must say that you’ve been entertaining me with your inability to make good things happen. It’s certainly hurting you and your future but it’s still make me laugh.
You’re young…you’ll learn…someday!
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Why oh why haven’t the banks forclosed on all of these properties already? Banks are pussies these days.
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Holy CRAP, stop spending! You can’t afford $50/mo! You need to be eating rice and beans, literally (not kidding) ! Shut down this site and get rid of the expense. Get rid of your internet service. Get rid of your cell phone. Sell everything that you own that is of any value whatsoever. Sell the car and take the bus. No more restaurant dinners! No more fast food! No more Starbucks! Your position right now needs to be minimum shelter + minimum food expense (rice and beans!) + minimum utilities (no cable TV or internet) + health insurance. That’s it!
BORROW A PAIR OF SCISSORS AND CUT YOUR CREDIT CARDS TO SHREDS. I MEAN IT! NO MORE BORROWING WHATSOEVER!
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Casey,
And exactly how are you going to pay her? With what money? The $500/mo from Chris won’t cover it. Has your wife started her January job yet? Or has she given that up because she no longer wants (is able) to be a CPA? It’s a nice space but there are large holes in your story.
Update us on the houses soon. In theory, that is what this blog is about. -
iS THAT A BALL ON YOUR DESK OR A GIANT BUBBLE?
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Casey what’s going on my friend?? You probably don’t remember, but I called you a month or two ago from Florida. Anyways, I probably don’t have to tell you this but as I look at all the negative feedback you are getting from the people leaving you comments, I see that you have alot of people uncomfortable and uneasy. The reason for this is because they know that when you make out of this, you are going to be alot better off than they are and than all the pressure will be on them. I find it very disheartening that so many people can cheer on the demise of a man. I, myself am 25 years old and started investing in Realestate at 18. I not only put myself through alot, but also alot of family and friends. Because of all the failures that I went through and that I continue to go through, is the reason that I have become successful, Glory to God. Without failure, there is definitely no growth. I don’t know anybody who rode a bike with no hands the first time they jumped on one. Casey, handle your business, keep striving and I knoiw that God will come through. God bless.
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Wanted to see what you’ve done with AbleBuyer.
“Get 12-24% Return… High-yield notes secured by Real Estate. ”
Wow - how do you do that in a down market? Are you getting 12-24% return yourself (I mean positive, not negative!).
“In the mean time. Here the Modesto property for sale:”
Notice a word missing in that sentence? Hint - there “is” one word missing!
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Get up early and do what ?
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Seriously Casey, what the hell do you do in your office?
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oh man, this april 15th is going to be fun! fun! fun!
question — willyou and mrs serin be filing jointly or seperately? Let me rephrase — will mrs serin be going to prison as well?
hmmm, I’d make sure to save enough for a 1-way flight to uzbekistan for sometime this spring, before april 15th.
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“612 emails in my inbox to read” That’ll keep you busy for at least a day!
I get about 200 emails per day and it takes me 5 or 10 minutes to take care of 98% of them. Spam filters are Sweet!
But, you seem to like reading spam emails about “sweet deals” and dealing with that volume of email gives you the illusion of action and progress, and lets you think of yourself as a “hard worker”.
I’m really struggling to not give you advice on how to use filters to identify and prioritize. But I won’t for obvious reasons - (1) you won’t listen, (2) read the GTD book.
It boggles my mind at the volume and level of mature, experienced, detailed advice you’ve received here in the last few months - and you ignore it all!
But, It’s all good! BTW, when I hear other 20-somethings say that, it really means “I’m too stupid or lazy to listen and learn”. My daughter-in-law uses that phrase and I’ve learned what it really means!
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Oh I can see it now:
“Goal: wheel the garbage to the street every Wednesday morning. Progress: One Wednesday a month (25%).”BTW, did your sister at least run your FICO before renting you another room?
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“Besides, organizing the office, I have stuff for Chris to do, 612 emails in my inbox to read, a bunch of mail to open, computer applications to re-install, lenders to call, spreadsheet to make, and a meetings to attend.”
You say this will take several days to accomplish. If you get up at 5am and start work at six, you should have most of this stuff done by 9pm today.
While you are waiting for the applications to install, you make your phone calls. After the applications are installed and your phone calls are completed, you organize your office space. After your office space is organized, you hammer out your spreadsheets. If you are confused as how to do the spreadsheets, you contact Tim or others who seem to know what they are doing and you get input. Hell, if you are smart you just send the data over to these guys and make a deal that if they do they work for you, perhaps you could put a link of theirs on this website. While someone else is handling the spreadsheets for you (a good idea), you attend your meetings and do work for Chris. After all these things are accomplished, you go through your mail and your emails and you prepare a list of tasks to accomplish for the next day.
To suggest that all of this will take several days is unwise. You are setting yourself up to waste time. In your situation, every single minute waisted is costly. If you calculate from your spreadsheets that you are losing $500 a day, divide up your available working hours (5am to 9pm) in the following way: 16 hours = 960 minutes, 500/960 = 52 cents a minute, or approx. $30 an hour. Keeping those figures in mind should motivate you to concentrate on your priorities. You must accept the fact that you are losing money, and every minute of lost time you are “spending” money inappropriately.
I am sure other posters would agree.
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@whiplash
Clearly college didn’t teach you how to spell however…
;)
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and I’ve still accomplished more than you have today.
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Hey, Casey! Why did you take that picture titled ‘G****a Takes Charge’ off your flickr profile? It still shows up under a google search.
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What was your wife’s one goal she achieved? What happened with your Rich Dad? Why didn’t it work out?
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You have some poor schmuck in Utah you might have screwed over and you have time to decorate your office.
When my 5-year-old son can’t figure out what to do next, he starts doing really goofy and silly stuff. Educators say this is a sign that he is having trouble deciding what to do next. If he’s goofy and silly, someone in authority will help him to the next activity. Just telling him does not work, he needs someones actual guidance, about 15 seconds.
I see a lot of that in you. You can’t decide what to do, so you are waiting for someone to guide you. Well, Casey, you are 24. There are no more patient teachers. Real mentors are few and far between (and would rake you over the coals worse than the harshest ‘hater’). Paid mentors are only there when you fork over cash. For you there are only lenders, bill collectors, judges, lawyers, peace officers…and none of them has your interests at heart.
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Random Twitty Thoughts
Like a squirrel that buries nuts
Only difference is that nothing will grow from this nut.
I noticed the Best Buy Bags. More TechnoToys for the bankrupt?
Don’t bother paying your sister-in-law for the space. It would be out of character for you.
Can she foreclose on his office?
CS should rethink his resolutions:
- Help one person other than myself (like the guy in UT)
- Get out of debt using BK
- Start rebuilding credit
- Cut expenses to the bone
- Get a job to pay the bills
- Avoid going to jail
- Stop wasting time on things that do not produce immediate income (like blogging and RE seminars)What have you done in the last year?
A. Quit his job
B. Taken a shower every day
C. Drank Jamba Juice
D. Acted like a dancing monkeyI find that I’m at my most productive in the morning.
I am the opposite. I am the most creative between about 8:00 pm and 1:00 am. Unfortunately, the world does not live on that schedule. Neither do my kids.
Fortunately, I don’t have to be at my best creatively everyday. On those days when I need the creative muse, I take a nap, or go to bed extra early the night before.
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Crasey has a new post
http://foreclosureboy18.blogsp.....-need.html -
I was just rereading this blog a bit and found this.
http://iamfacingforeclosure.com/103/
It was posted on Dec. 1 at 6pm
But in the the pic shows 5:55am Dec. 2
I must be missing something, I thought Casey was trying to show everyone that he got up at 5:55am that day but I guess he was just showing us he knows how to set his clock. -
You should be rolling the damn trash out without mooching “exclusive office space” from your relatives. Half of the trash is probably your mail anyway.
It is amazing that you consider getting out of bed a goal. You really are challenged aren’t you?
There are folks in the Special Olympics with more substantial and realistic goals than you and your wife; and Corky probably doesn’t think twice about getting up to practice for the sack race.
Is there a Special Olympics for real estate investing? Maybe you could get a ribbon or something- Everyone’s a winner.
Why don’t you raffle off your “Blue Ball of Success” and pay for a month or two of “office space”?
Did California do this to you? You are truly lost.
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Supposing you had got up at 5.00 am every day during 2006. How would that have helped your situation? Does waking up earlier improve judgment & analytical skills? Did you fail because you did not work enough hours, or because you made poor decisions? Does working more hours help you make BETTER decisions?
Maybe you are hoping to be like this guy?
“My daughter Sarah and I went to a 7-11 type store to get a drink a few
years back. While checking out, the cashier looked at me and said,
“I know who you are.” Joel had heard me speak at Nick Manfred’s
club meeting the week before. Joel asked if he could give me a call
sometime to which I agreed.
Joel called and I invited him to the office. He seemed likeable and
eager, but when it came to
money, he didn’t have a dime. I
decided to give him the Buying
Systems Course and advised
him on what to do.
Off he went, and since that
day he’s bought 20 million
dollars of real estate and has
become a millionaire! That’s an
unbelievable accomplishment by
any measure, but how he’s done
it is especially tough.
Joel went door to door to people in foreclosure! He started at six in the morning
every day, seven days a week, and got home at seven at night. In between, he
door knocked fifty foreclosure houses. That is a very tough day! He drove an
average of 250 miles each day, from Palm Springs to Corona and from Temecula
to Victorville. Since he started with no money of his own, he got someone to
put up all of the money for him. He mostly bought the property “subject to”
and flipped the properties for a profit. Sometimes he made $5,000; sometimes
he made $20,000. He now has a loan business with dozens of loan agents and
six full time buyers that look at properties for Joel every day.” -
Did you get yourself a fancy new computer?
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IT’S HOMEY TIME!!!!
YO YO YO CASEY!
You member when I told youz dat Homey AND Da man knowz you be scammin a hole lots mo dan you tellin da peeps?
Looky like mo peeps dunn findin dat out fo themselfs FO SHO
http://www.scotsmanguide.com/d.....amp;part=1
“Some months ago, I attended a loan-originator luncheon, where a speaker from the FBI gave a presentation about the latest mortgage frauds and prosecutions. The agent said that if a stated-income loan shows an income of $10,000 per month and the borrower’s actual income is much less than that — say, $5,000 per month — then it is fraud, and the FBI would prosecute it as such. ”
“A case study of fraud
In a world where borrowers can state their income on a mortgage application, do investors and originators have the same view of what constitutes fraud?
While I was pondering this, the story of Casey Serin crossed my desk. Serin is a mid-20s real estate investor from Sacramento, Calif. After attending various seminars offered by “no-down-payment” gurus, he jumped into real estate investment.
Within eight months, Serin purchased eight properties with the help of multiple loan brokers, and he owed $2.2 million. He was unemployed during most of this period and admits to lying about his income on his stated-loan applications.
On six of the properties, he received cash back at closing. The largest check he received was for $50,000. The cash was paid to a bogus company, controlled by a third party. It was then funneled back to Serin. In all other escrows, cash was paid to the seller, then back to Serin after closing. ”BWAHAHAHA…DO YOUZ REMEMBER ABLE & FINCH? WUZN’T THEM THOSE BOGUS COMPANIES????
“And although receiving undisclosed cash back at closing is not, by definition, a specifically defined type of fraud, in cases such as this, it is considered fraud. ”
“In other words, a 20-year prison term is possible for each violation of the statute. And if you defraud a financial institution, the sentence can be increased to 30 years. ”
Homey dunn told yo punk azz dat da man knowz about all of yo scammin. NOW you believe me?
DID da FBI call you yet?
Love,
Homey
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Huh? is this site for real? how could someone screw up so badly in only 10 or whatever properties and then talk about it on a blog like they are wallowing in their own self-pity?
Dude, just take the loss, move on to something else, why waste your time talking about it here? I live in ohio where I have known investors that have lost over 30 proeprties at once like u are about to, they recovered and rebuilt their credit in 1-2 years, or used other avenues of financing, of course, that was before BK-7 laws changed.
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…not a Troll, more like a Gnome.
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More early riser stuff this is great. I am learning more from Tim, Homey, Sputnik, Ozzie, Mr Flip et all then Casey. This just gets better every day!!
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C’mon what is wrong with you? AN office? You do nothing..LOL. Why? You are a moron.
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Put up some banner ads. You should at least get paid something for all the verbal abuse you set yourself up for.
Yes, I know, you are a busy entrepeneur and have more important things to do.
Oh well, my advice, like all the other advice will be ignored. Why do I bother?
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Casey -
1. Search your inbox for my email. I already created a spreadsheet and sent it you you!!!
2. The only thing your successful at is being a failure.
Good luck in 2007!
JDS
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You my friend have analysis paralysis. You keep extremely busy everyday and think you are making progress , however, your not, its just busy work.
I did the same thing in my business of buying foreclosures. I talked with other investors, made pretty business cards, made flyers (never sent out), and went to club meetings. What I needed to do was get out there and make offers and close deals (which I did)!
In your case, you need to handle these properties and nothing more. Probably bk. If I was you, I would take to an attorney tomorrow and file the next day. Done deal.
I hope you take this advice.
Don’t waste time doing: “612 emails in my inbox to read, a bunch of mail to open, computer applications to re-install, lenders to call, spreadsheet to make, and a meetings to attend.” Thats all busy work!!
My two cents..
Bginvestor
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Hey everyone…
That was an EXCELLENT PARTY at Casey’s Modesto place on New Year’s!
Casey, you really missed out by not being there. But we got along fine without you.
I noticed when I arrived that the locks for the front door seemed to be busted out of the door frame, you might want to check on that.
We had more haters than I’ve ever seen in one place other than a courthouse, and some hot babes who said they like Casey’s looks. They said they never read any comments other than his, so I thought “hey I have a chance” (of course I didn’t). There were also some creepy guys who also said they really liked your looks, everyone avoided them.For starters, I think we need to apologize to you, Casey, about the bathrooms. I guess no one checked if the water was still turned on before arranging the party. Sorry about the booze spilled on the floor and walls. Sorry about Sputnik the cat - no one remembered his litterbox, and he did his business all over the house. Good thing nearly everyone kept their shoes on! Also, everyone was giving him fishy treats and I think he ate too many because he would go off somewhere and yak them up. But then he kept coming back for more! Sorry about the ceiling in the dining room, Robert Cote tried to make a flaming drink and it got a little out of control. Fortunately Homey Da Clown was able to put that one out with seltzer water. Sorry about the kitchen, Nigel Swaby was making hot snacks and accidentally started a fire. We learned something, never throw water on a grease fire!
Sorry about the back yard, we had a lot of people outside and it got trampled. The side yard is full of empty bottles now. Also, some guy claiming to be Tim from Monterey Bay showed up in a monster truck with a Harley in the back, and was doing donuts in the front yard. Sorry about the windows, we had a soccer game going out back for a while and well, oops. Sorry about the roof, some of the babes wanted to sit up there and look at the stars and I’m a sucker for that kind of thing. I hoisted them up there, no problem, but when I got up there I found that the roof wasn’t built for a Troll, my boots kept ripping off shingles and my weight was cracking the plywood underneath. You might have some new leaks now, sorry. Also when I came back down I accidentally tore the gutter off the back of the house.Eventually the sun came up, and I threw out everyone who was left (Trolls make good bouncers). I wedged the front door back into place so it looks okay from the outside, you wouldn’t want any riff-raff just walking in.
PS: We left the noise citation in the mailbox. There were already some other ones from the city for not cutting the grass and stuff.
PPS: Those creepy guys said they left you a present. I didn’t see any gifts so it must be cash. Better go down quick and pick it up!
-DC Troll. Copyright 2007 and all that.
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Great photography; getting the famous blue ball in the picture was a good call. It seems the guru juice has you believing failure is good. I would be remiss if I didn’t tell you thinking failure is good is ridiculous. “Falling forward” is guru nonsense also.
Nonetheless, you’ve done a good job with this web blog. -
At least the ball showed up for work.
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so I can analyze all the deals—-I hear jamba juice has special analytical properties
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I thought you were going to put more effort at “rich dad’s” and make $3500 in January? Now you have an office at home?
Make up one story and stick with it, OK?
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Chee wizz, Casey, you make it difficult to take you seriously. Maybe there’s a future for you at THE ONION.COM
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Casey,
It doesn’t matter what you say.
You are still in a huge debt and you are not working in the right direction to pay them off.
You don’t have a job that can provide stable income.
Therefore:
Whatever you say, it is meaningless.
Whatever your goal is, it is meaningless.
Whatever idea, agenda you have planned (or will plan), it is meaningless.
Look at the facts, you are in a huge debt and you are unable to pay them off. The longer you delay the bankrupcy, the worse the situation for you and your family.
UNTIL YOU LEARN THIS FACT, YOU ARE STILL A DELUSIONAL KID TO US.
Any questions?
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I bet that’s not the only blue ball in the Serin household.
Goodbye to this blog. You are painfully stupid and/or a troll. Your stupidity is not revealed by your original mistake (one which many of us could’ve easily made); instead, it is evidenced by your utter refusal to do anything meaningful to help yourself or mitigate the damage you have done to others. I’m now of the opinion that you are deliberately trying to self-destruct, either out of deep seated self-loathing or a sociopathic and narcissistic play for attention.
Either way, you don’t get my eyeballs anymore. You are the living definition of “loser”.
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Reorganizing can be a wonderful method for creating the illusion of progress while producing confusion, inefficiency, and demoralization.
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The way you operate goes against any business related. Shouldn’t a “real estate investor” have their books always organized, from the very start? What in the world lead you to pretend you were in business without have any business structure whatsoever.
I’ve said it before - all you were doing was blowing borrowed money. And in the worst way too. You have nothing to show for it. You would have done much better to have taken a trip around the world or go to Vegas with that borrowed money.
You call yourself a “hard worker” but everyone seems to have the opinion that you are lazy. It’s obvious you are. You just wanted to live out a fantasy of “real estate investor” without doing any work.
Here’s some evidence of how lazy you are;
The condition of the properties that you’re trying to sell. It’s insane that you let the Burdett property look like that when it’s so close to where you live. Your refusal to do any meaningful labor on those houses, even simple tasks such as landscaping and cleaning shows how truly lazy you are.
Not accomplishing much of anything since you started this blog. Instead you’ve frittered away your time with a bunch of misguided and useless doings such as going to visit RK, going to the “new rich” week long seminar, etc, etc, etc. You continually look for diversions to avoid facing the mess you’ve created. Heck, you even took off most of the past 2 weeks for “the holidays”.
You can’t even open your mail on a daily basis? Yet you think you’re running a business?
You think you can fool people but it’s obvious your average day only entails about 30 minutes of productive work. You don’t seem to realize nobody with a brain falls for your spin and twisting of words to prop yourself up. Maybe the Mrs. falls for it but most people wouldn’t.
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Also, I think you better hurry up and get your affairs in order. Have a plan in place for the day they show up. Time to reap what you’ve sown Casey;
-
The Wall Street Journal is reporting, “HSBC Sours on American Loans”:
“HSBC Holdings PLC is learning that the U.S. lending business may not be so easy.
“The London bank is facing rising problems with its U.S. consumer-loans portfolio nearly four years after its acquisition of Household International Inc., a U.S. lender that specialized in subprime loans, or loans to people with spotty credit records. The acquisition has been well received because it raised HSBC’s U.S. profit, complementing its huge Europe and Asia businesses.
“Last month, the U.S. unit said a portfolio of consumer loans it acquired recently had quickly soured. This month, HSBC underscored the loan situation was worsening.”
To kick off the new year, Reuters is reporting, “Mortgage Lenders Network Stops Loans, Sets Layoffs”:
“Mortgage Lenders Network USA, a large U.S. subprime lender, said it has stopped funding loans and accepting applications for loans, citing deteriorating conditions in the mortgage market, and has temporarily laid off about 80% of its 1,800 employees…
“The retrenchment is the latest sign of stress among subprime lenders, which make higher-cost loans to people with weaker credit histories.
“It comes less than a week after similar-sized rival Ownit Mortgage Solutions Inc. filed for Chapter 11 bankruptcy protection…
“Unlike most subprime rivals, Mortgage Lenders increased its lending throughout 2006. It made $3.31 billion of subprime loans in the third quarter, ranking 15th nationwide, according to data from National Mortgage News.
“The firm, however, said wholesale market conditions have ‘deteriorated dramatically’ in the last two months.
“Chief Executive Mitchell Heffernan said wholesale broker originations will stop until credit quality and margins return to ‘acceptable levels.’ The firm said it plans to maintain its $17.8 billion servicing portfolio…
“David Olson, president of Wholesale Access, which tracks the mortgage industry, said Mortgage Lenders’ retrenchment was unsurprising in light of subprime lenders’ struggles. ‘Profits are way down, and margins are razor-thin, or even negative,’ he said.”
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FORECLOSURES:
Ta recent “Study Predicts Foreclosure for 1 in 5 Subprime Loans”:
“About one in five subprime mortgages made in the last two years are likely to go into foreclosure, according to a report released yesterday, ending the dream of homeownership for millions of Americans.
“At that rate, about 1.1 million homeowners who took out subprime loans in the last two years will lose their houses in the next few years, the report said. The foreclosures will cost those homeowners an estimated $74.6 billion, primarily in equity.
“The report, written by the Center for Responsible Lending, a research group in Durham, N.C., was based on data supplied by Moody’s Economy.com. Researchers examined more than 6 million mortgages made from 1998 until the third quarter of 2006; the report is the first nationwide study on the performance of subprime mortgages. It includes projected foreclosure data for all major metropolitan statistical areas. The highest default rates are expected to be in cities in California, Nevada, Michigan, and New Jersey, as well as Washington, D.C.
“The report offers a somber assessment of loans that had helped millions of Americans with blemished credit attain homeownership. About 2.2 million borrowers who took subprime loans from 1998-2006 are likely to lose their homes.”
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My entry into the Casey Serin ‘Dead’ Pool: April 18, 2007, at which point 100% of his houses will have been foreclosed on.
Who wants to start a website to collect all of the bets?
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Hi Casey,
Been a while since I posted (been lurking, expecting ‘peeps’ to lose interest or become ‘newbies’: “OMG R U 4 Real?”).
To the peeps I say: you guys keep this blog alive (Don’t worry about Casey’s threats, he’s just as hooked as us all).
I hope Tim from MBA will continue his selfless mentorship/diatribe when you are incarcerated. Maybe he’ll take Homey along for kicks?
Your blog has been a great inspiration for me (but I’m not paying you, haha). I’ve realised (using your logic) that I don’t need to make resolutions this year as I don’t have any problems to resolve.
Even though I smoke two packs of cigarettes a day, thanks to you I am actually a ‘non-smoker’, because most of my day is spent not smoking. Likewise the wife beating and heroin addiction.
For the new year I think I will try the hot/cold shower technique, (I’m sure your sister-in-law doesn’t mind you wasting her water as you vacillate).In fact, I think I’ll try it now;
AAhhhh…MMmmm… Gonna make some sweeet dealzzz..
BBRrrrrrr…the mail keeps coming…darn the mail…
AAAAHHhhh…gonna get that mailman to birddog for meee…
BBBRRrrr…the taxmans coming….got to get my spreadsheets together…why, I don’t know…..
AAAAAAAAAAHHHHHhhhhhhhh….new guru seminar coming up…thank goodness there are always new gurus to pursue…
BBBBBBBBBBBBBBRRRRrrrrrrrrrrrrrrrrrr…the financial system has it in for me….why..oh..why…
AAAAAAAAHHhhhhhhhhhh…It’s all good…..at least it’s not cold NOW…….WOW! I feel like a new person!
Maybe I’ll get up really early tomorrow and sleep in the next day.Then get up early again,then sleep late again,then get up early, then…. -
Man, this is getting boring! When is something interesting going to happen?
-
Casey -
Why the hell are you paying rent to stay at a relatives place, thereby sucking up more of your cash, when you have 4 unoccupied houses sitting around? Couldn’t you live in one of them in the meantime? -
…..as I look at all the negative feedback you are getting from the people leaving you comments, I see that you have alot of people uncomfortable and uneasy.
BZZZZZZZ….wrong.
Many of us are highly successful and just want to see how much abuse Casey can take. MAN, is he ever made of strong stuff! (Either that or he does not listen! Which is it folks?……Yeah, I think so, too).
Kind of reminds me of the clown at the circus in the dunk tank. Even after he goes in the water, he comes up still raving insults at you. CS, on the other hand, just keep getting whacked and turning the other cheek.
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I don’t normally give idle endorsements (new term: “props”) to people who agree with me, for various reasons.
But Miguel’s comments I see as right in line with mine:
“Miguel
January 3rd, 2007 at 11:40 am
Casey, Casey, Casey - you’re still tiptoeing round the edges and continuing this endless procrastination while the clock is ticking ever louder.It doesn’t matter what time you get up in the morning. I work from 9.30am to 6pm. My boss works from 11am to 7.30pm. I generally do my best work before lunch, while he does his after 4pm. There’s a hefty overlap between the times we’re in the office, so the system works very well.”
(rest of good comments elided)
Miguel and several others here have their heads screwed on right. Even if we have nothing to gain, personally, from helping you, you are getting solid advice.
It’s time you start reading what people are actually writing here on your site, not just “approving” (moderating) the comments and then going merrily on your way. You are squandering an opportunity I doubt you’ll ever see again in your life.
Fame is fleeting. Use your current fame wisely.
–Tim from Monterey Bay Area
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Looser Casey,
Dude here is a news story on one of your “gurus.” Remember Mayne? The guy that told you to your face that you are guilty of fraud and to turn yourself in?
“Real estate fraud has now firmly emerged on the FBI’s radar as the country’s fastest-growing white collar crime - all, in essence, polite forms of bank robbery. Industry losses ran to at least $606 million last year, it says. And the Treasury Department’s suspicious-activity reports are up 35 percent this year. The Internal Revenue Service’s criminal case numbers in mortgage fraud have been doubling every two years through the first half of this decade.”
“In over 80 percent of the cases, scammers are helped by an insider, the FBI says. One of them was Jerome Mayne, a former loan officer who spent time in prison before becoming a motivational speaker in Eden Prairie, Minn. “The buyer they sent me was completely full of holes, fake everything, and I knew darn well that these guys were slippery enough to try to pull it off,” says Mr. Mayne. A bottle of expensive booze and $500 cash helped grease the wheels, he admits.”
Wow, what a GURU to aspire to be like. Did you at least buy the lender a bottle of booze and grease them with a few hundred like your GURU did?
My bet is Casey files an extension for 2006 taxes. That won’t take care of the penalties though. My date on the dead pool is April 13, 2007. Casey will eventually go to an accountant or have his wife at the last minute try to scam a return to the IRS, but when reality hits, he will run like a rabbit. If I was the Feds, I’d take away his passport.
Hey looser Casey, will the Mrs. file jointly (gulp) for 2006 or TRY (chuckle) and save her ass by filing married but separate? (hint- it won’t matter)
Did you get any takers on trolling for a BK attorney in exchange for ????? ( oh, that’s right. you have NOTHING to offer.) SO, any takers? Other than TIM? ROFLMAO.
How about RES-COM? Why did you quit that career as a scam artist? Not enough money for you?
Lastly, what’s up with the UTAH house? DO YOU CARE that you have screwed over another family- again?
I have never wished that someone go to jail before, but you deserve at least 20 years. You are nothing but immigrant trash. Your family must be very proud of you.
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Casey,
I personally believe organization is a key ingredient to success. Organization makes you more productive and less anxious. Reading your posts make me realize how important it is to establish core skills (organization, planning, follow-though, due diligence, etc.) before becoming a real estate investor. Personally, I want to enter the real estate business in the future, but not until I know I am ready.
I have been rooting for you for a while now… You goals are good, NOW FOLLOW THROUGH! Setting goals is easy, execution is the hard part!
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As with Miguel, Nigel Swaby, and several others (apologies for not keeping detailed track), this is good advice:
sean-sisb wrote:
“You say this will take several days to accomplish. If you get up at 5am and start work at six, you should have most of this stuff done by 9pm today.
While you are waiting for the applications to install, you make your phone calls. After the applications are installed and your phone calls are completed, you organize your office space. After your office space is organized, you hammer out your spreadsheets. If you are confused as how to do the spreadsheets, you contact Tim or others who seem to know what they are doing and you get input. Hell, if you are smart you just send the data over to these guys and make a deal that if they do they work for you, perhaps you could put a link of theirs on this website.”
This echoes what Miguel and I have said, just today alone.
Getting ready to dig into the deadlines, bills, phone calls, critical mail, registered letters (Oh My!), should not take more than a couple of hours to get started, even if one wants to delay the inevitable by the usual “organizing the office” dance.
Casey has been delaying this reckoning for many weeks now, perhaps months. Why, we can only guess. Maybe the likely outcome is too horrible to contemplate….
Whatever, Casey needs to be dealing with the real problems by tomorrow, Thursday, or we might as well just stop commenting here.
(By the way, the comment above that Casey ought to just send all his paperwork over to me, which echoes a comment from someone else a day or so ago, is not going to fly. First, I have no Web site or service to sell, so the publicity is meaningless. Second, I don’t work for free unless the mood strikes me (as with these comments). Third, anyone tackling Casey’s finances needs to meet with Casey, coax out of him various things he has not told us, and be in his vicinity to ask more questions and figure things out. I’m about 170 miles southwest of Sacramento, via some mountain passes, and I sure don’t plan to drive to his area, check into a motel, and spend several days doing his basic accounting for him! Not even for $3000, not that he has this to spend.)
As I have said so many times before, his wife spent a coupl of years pursuing “Accounting.” She is ideally suited to working with Casey on his mess. Why is she not?
‘Nuff said.
–Tim from Monterey Bay Area
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Anyone catch a glimpse of the latest Fed statements? As always, they are a few years behind the curve. Only now are they seeing “significant” pressures in the housing market.
Now here comes the two edged sword for the Federal Reserve. On the one hand, inflation is rampant due to the fact that our government is printing money faster than ever in its history. And on the other hand, a bloated housing market is sitting on a precipace ready to collapse. What to do with interest rates?
Answer: you have no choice but to maintain current interest rate levels or raise them. Above all else, the currency has to be maintained and stabilized to ensure the future welfare of our nation. Especially considering many foreign countries service our debt by purchasing our dollars. They will only continue to do so provided their rates of return satisfy the investment. i.e., if a currency devalues, interest rates need to rise to compensate.
And what will the end result of even higher interest rates be for a housing market already near the breaking point? Not a good result to say the least.
So get ready for a steady downturn in housing that will last for many, MANY years. If Casey thinks he is in dire straits now, just wait to see how those housing units he owns continue to devalue.
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69Mandingo: His wife isn’t that good looking in general. That one photo has her hair nicer than usual and some make-up. The blur actually makes her look better. There’s less appealing photography of Casey’s on the web. She’s a bit more plain looking in other photos. Casey’s true skill seems to be getting good situational photos.
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MAX WROTE:
“If you don’t get your act together very soon, you won’t be able to make your choice and go down the road of BK. I think BK is your only choice, however if you can get the lenders to do short sell you might have a chance. But, you gotta be on the phone with the lenders daily. The worse thing you can do is avoid them, because they will come and do a Trustee sale on you and sue you for the remainer. The good thing is you have no asset for any judgement to stick.”
WRONG WRONG WRONG.
When a lender decides to do a trustee sale (a mortgage secured by a trust deed) then they forego the right to seek a deficiency judgement in lieu of a faster foreclosure.
If they want to seek a deficiency judgement they MUST do a judicial foreclosure through the courts (more costly and takes a hell of a lot longer amount of time to accomplish-especially in California and Florida (florida protects primary residences by just declaring bankrupty also from judgements))
A trustee forclosure sale takes a 1/3 of the time as a judicial foreclosure and is allot less expensive to the lender than a judicial foreclosure. And at this point they are all about saving money because if someone is at the point of foreclosure then it is doubtful they will have the money to cure the default or even pay a deficiency judgement.
They bend over backwards to work out something with you if you can catch them before the Notice of Default is set out and all the gears go into motion once the Trustee gets the go ahead to start foreclosure. They may not play ball at first..but once you miss that 3rd mortgage payment in a row then they come around real quick….why you ask?
I will tell you…
They get penalized BIG TIME by the Federal reserve guidelines when they foreclose.
See they have lets say a 90/10 split..meaning they have to hold 10 percent cash money moolah in reserve and can loan out the other 90 percent.
When they get a property (a REO real estate owned), they have a big black mark on their loan portfolio and their 90/10 split gets penalized down to 85/15 (not actual percentages..just being used to illustrate the damn point)
So it seriously limits their ability to loan and reloan money out if they start getting a bunch of REO’s and have non performing loans on the book’s.
That is why you can get some reo’s for a song and dance the longer they sit on a banks or lenders books.
on a different note…casey while your in jail you wife can come live with me and […]
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Hey! quit making fun of the blue ball!
If I did to my wife what Casey did to his, you can bet I’d have more than one blue ball.
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@ Jill
January 3rd, 2007 at 7:22 pmMan, this is getting boring! When is something interesting going to happen?
What are you talking about? Nothing has happened since September!
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Sitting on a blue ball blogging, deleting e-mail and drinking jamba juice is not investing.
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Casey,
How’s the wife holding up?
She looked sad / pensive in your latest posted photo of her. She looks like she’s lost weight and unhappy compared to photos from earlier this year I saw today.
Take care of her.
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eh, saw cached flickr pics of your family and wife. blurring definitely makes her look hotter (no offense, just my opinion). i’ll say hi and try to be nice next time i see you or her around roseville. i’m always at the baja fresh and mongolian bbq down the street from mac grille so maybe we’ll cross paths. not impressed with people trying to scare you by disclosing the information they found on some lame $30 or whatever people search they ran on you. scotsmans what? lame. people have such poor reading comprehension skills. you’re not going to get arrested.
might as well borrow and spend as much as you can (but please stash some of that cash somewhere) before you bk. there was such a nice window there for a while to get cash back at close and bury it in the ground. you mastered it. gotta love the bk get out of jail card. then all you have to do is dig that cash up out of the ground and literally live off the fat of the land. who gives a flying f about credit when you have all that cash? people are so stupid, they deserve to be taken advantage of. mortgage companies are so greedy, it doesn’t take geniuses to figure out how to make money off of them. thieves stealing from thieves. god bless america. and joe shmoe who thinks he has some personal stake in all this is an idiot. go to your 9 to 5, pay your taxes, fuel up your suburban, and stf. worldcom, enron, apple computer, kb home, hewlett packard, arthur andersen. if you’re not in the game, don’t pretend that you know how to call the shots.
i think most of us know nothing is going to happen to you except a little difficulty with credit for a few years. again, who cares? all the finance companies have a tremendous ability to forgive (based on actuarial calculations, of course), so after a few years even with a bk on your record, they’ll still give you cred. good luck, you’re an inspiration, truly. you can’t deny that a 24 year old who singlehandedly generated the level of notoriety that you have has a bright, bright future ahead of him. and me? let’s just say that i can’t wait for the next tulip craze to make a few dinars off the herd. moooooo. iamfacingxxxxxxx.com
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“I bet that’s not the only blue ball in the Serin household.”
Best one-liner on this blog. EVER.
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Good job, now you just need to find a businessman for your sweet new office. I like the way you make it sound like the amount of unopened mail and email implies you’re a mover and a shaker. Really it shows you to be a procrastinator.
By the way, your bio is a little out of date. I updated it for you:
“Casey Serin: I’m a 24 yr old real estate WIN-WINNER, shower enthusiast*, vegan**, and early riser*** from Sacramento CA. After going to a few $2000 seminars I bought 8 overpriced houses in 8 months in 4 states with no money down, no business plan, and no clue looking to fix ‘n flip. However, I neither fixed nor flipped and fell flat on my face with millions in debt and facing foreclosure. Trying to avoid reality, organize my colored post-it notes, repay everyone****, and bait the haters. Comments permitted!”
* 20% successful
** with the slight exceptions of In-N-Out burgers and freshly clubbed baby seal meat
*** 9:30 AM SHARP
**** except my creditorsOh blue ball, my god, how I’ve missed you…
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The truth is that only a very small percentage of people who make a fortune in life are super smart. A successful business lecturer I once had pulled me and a few other smart guys aside after class and said “See that guy sleeping in the back there and not paying attention; he is the one most likely to make a fortune.” Why sir? “Because he is too stupid to work out the risk on a lot of projects he just jumps in head first and makes money while the rest of us are still calculating the risks…”
Casey, if property investment doesn’t work out, learn from your mistake and find something else you can succeed in. There is a very fine line between success and failure a lot of the time.
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That’s enough. This site is pure BS. Nobody on this planet is this dumb. NOBODY. And that cutie is your wife??? Come on. Please work with me. It’s like that movie “Deep Impact” a few years ago. A giant meteor is coming to wipe out all mankind AND we have a black president???? Come on, I can only suspend disbelief so much.
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OK, I was rooting for you until I read this. Installing software? Setting up an office? For what?!
Casey, every day must be filled with three priority levels - # 1 are Must-Do-Today, 2 Must Do This Week, 3 is Must Do This Month.
The blog isn’t a total waste - but you should be soliciting properties with it. You should be posting daily on Craigslist, buying AdWords for your properities, getting on the phone and talking to realtors about your situation.
Flying to things like the Rich Dad seminar you did in Dec. wasn’t a total waste but it would have been nice if you found someone there to buy one of your properties. Somebody should have come along by now.
And yes, the Early Riser initiative is a joke, I’m sorry. Doesn’t matter if its 6am or 9am, so long as you get done the work that needs doing today, every day. That should be your focus, not when you wake up.
As for the emails: take 50 at a time, take 15 minutes every hour, write back no more than 2-3 lines if its even necessary to respond.
And get on the line to your lenders! That’s # 1 priority here. Same with mail, ’cause it likely has to do w/ the houses.
From now on, when you blog, write about the actions you’re taking to sell the homes. Leave the rest out. You’re only losing support from those who supported you initially.
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Your odd Casey… why would sit on that stupid blue ball while your on your computer all day? I mean is it really that comfortable? Don’t you want to lay back on a normal leather chair? Get a NORMAL chair and maybe your luck will change.
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“She was inspired by my Early Riser initiative in December”
You’re kidding right?“Are you sure?” I asked her, “What if you mess up one day?” Wife answers “then I’d still be doing better than you…you mess up everyday”
“She was 100% successful on her one goal for last year ”
What was that? Waking up everyday and not succumbing to the overwhelming desire to bash you over the head with a frying pan?“Since working at my rich dad’s office didn’t work out”
Rich Dad “Get out you bum! And take your damn blue ball with you!”
In one month we will see
“Since my job with Chris didn’t work out”“Since working at my rich dad’s office didn’t work out, I negotiated one of the rooms in our house as my own exclusive office space”
Ha ha ha ha, my goodness, you really are one shrewed negotiator.
Casey “Hey sis, I’m thinking of a win win situation here..”
Sis “Geez Casey I know you are broke and a deadbeat..you barely pay your rent….just take the room”
Casey “No no, what do you say to an extra $50 a month added to the rent I don’t pay anyway? I could also do tech support for your computer…”"
Sis “Christ, fine, not like I’m going to see it..at least take out the garbage one a week”
Casey ” DEAL SUCKER!!”
Then Casey went and made a sign with blue crayon stating “Casey’s Exclusive office space”“Having my own space will help me focus and have balance”
You proved that in spades with your Rich Dad fiasco.
Here’s a blast from the past
Dated oct. 22 nd 2006 where the blue ball made it’s first appearance
“Having my own office space and strict working hours to give me the balance I need. ”” I also need to finalize my 2007 goals and decide the future of this blog.”
Always a day late and a dollar short aren’t you? It’s already 2007 and you are still planning for it..kind of like that deed in lieu of foreclosure thingy eh?“Getting all the books organized for 2006 will take longer but I am excited to get it done so I can analyze all the deals and see where exactly did all the money go. ”
Excited? Wait until your tax bill comes(if you even open it) you are going to be more excited than your wife finding a good divorce lawyer. I can give you an idea of where all that money went with one word…TOILET -
Glad you want to get things organised, but keep in mind you should focus on the things that REALLY needs to be done as well Casey. Good Luck!
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STOP WORRYING ABOUT 2006 and GET READY FOR 2007!
Casey, 2007 is the year the quitters stop making money and the REAL INVESTORS start *raking* in the cash.
So stop “doing the books” and start burning books! That old money won’t matter when you are stinking rich!
Tune into my real estate show and you can follow my progress and David Kimball and I flip our way into glory.
Episode 3 comes out next week! It features a fight on a front lawn, so that is worth it alone. You can subscribe to the podcast on iTunes as welll…
-rt
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Dang it, Richie,
There is no reason why you want to actually burn books. Nice one, Adolf. You HAVE to balance your books. That’s what INVESTORS do. You’re no investor. You’re an idiot. AND, by the way, “old money” means you’re from Martha’s Vineyard and play amateur tennis for a living.
I’m sure you mean “time-value-of-money,” but, of course, I’ve already lost your attention, and you’ve clicked on a pop-up ad. Have fun punching monkeys or whatever.
Sorry everyone. We are indeed launching our third episode of Flipper Nation (or as they say in France, Nation de Nageoire) next week, so be sure to check it out.
Not to plug myself, but I am particularly funny in it, but of course, “funny” and “accountant” go hand-in-hand.
-dkimball
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lol an Office…sounds like your practizing to live in a small space ..you sound like a spoiled little dreamer casey
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Casey, I thought this might be useful information for your wife, please pass it on to her.
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hey casey all I can say is wow ! I have offered you a Job and you never accepted! The guy who took the offer was 25 and made $18,500 his first week pushing NPL’s !
I know your so busy trying for celebtity status and it’s awsome ! I front covered tons of News Papers as I was flipping out !
Anyhow I hope you pay some attention to readers out there who passionately respond with advise. The offer still stands and if you Quit having False Idols as the Bible says mabye you’ll get somewhere!
Read it real good, do not read it like you did your Real Estate Guru books, this is the Real Deal !
if you intend on reading it and feel compassion in your heart to help others in your situation it might be best if you try to pick up the phone and listen !
I saw you giving advise, telling mistakes and attempting jobs in an Industry not cut out for you ! Learn the rules of engagement for anything, common sense first ! Come on casey you state brother is mechanic and you bought a lemon ! Well have him help you make Lemon aide !
When you get serious and really need help I will still accept you as a student, just rember I want nothing from you but to See you Actually Help Others !
In order for that to work you must 1st help casey! How you ask, lets see I told you 3 months ago How to use Discount Code Freesell and List your Property for free ! You passed free advertising, go figure out why your failing? Again I pray for the best results for the whole world including you Casey ! -
“People are dumb” i say all the time…and you are VERY DUMB…but no worries go and get yourself a 3.25 juice…it’ll make you feel better!
HYAHAHAHAHAHAHA
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Casey, I am going to go out on a limb here and say that you won’t build your spreadsheets, won’t call your lenders, and you won’t organize your office. (It’s quite messy compared with your earlier Big Blue Ball photo a few months ago, BTW.)
Please make sure that you allow yourself plenty of time to blog. Others complain that your blog is getting boring, but I disagree with them. It will be a sad day if we come here only to find a “Problem Loading Page” message.
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Hope you make it out of this mess. I’d strongly suggest BK. The IRS 1099’s from the bank sales are going to be $100’s of thousands. You’ll need to get a real job in the very near future. Your unavoidable tax burden will be $50k or more.
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I found this article in the Scotmans Guide very interesting. Anyone else see this?
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I’m with Jill.
Casey you’re wasting our time. Either do something smart or do something ridiculously retarded. This watching you in a rut business is getting booooooooooooooooooooring.
Today I woke up, ate a bowl of cereal and moved my blue rubber ball into a room and hooked up my laptop. Yay for me!
BORING.
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“Trailers for sale”
Can you help a friend out????
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Ha ha, here are two beauties from the anti-casey site.
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Here’s a thought, save the extra $50 per month and move your office to the Burdett House!!!!!
There are things that are obvious and you don’t follow any of them. This is why people think this blog is fake.
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There once was an “INVESTAR” named Casey,
Whom we all felt was a little bit lazy,
Casey: “I have a plan,
Borrow more from the man!”
Thus we realized, “Ah, the f***er’s just crazy.” -
I’m here at 5:45 a.m., and no Casey. So much for New Year’s resolution?
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Good morning Caseyland!
This site has really gotten me thinking about finances and ways I can turn a few bucks. I’ve become really creative in the last week or so, and posted the other day about making/saving $400 two days ago, then I sold some stuff on eBay yesterday and made $160, and VOILA!…….
I awoke in the middle of the night, and it was a like a bell rang in my head! I realized I could possibly be eligible for PMI (private mortgage insurance) reimbursement on my home mortgage. Based on what I owe, and what I know my property is now worth, I know I have 80% loan to value, which is what you need to get RID of the insurance.
I called my lender as soon as they opened this morning, and they told me I had paid for all the PMI up front at closing since I took a 5-yr. ARM. This amounted to $4,400.00. They told me if the property appraises at a certain amount (and I know for SURE it’ll appraise at least $25K above that), I’m eligible for PMI reimbursement of $3,200.00.
Yes, $3,200.00!!!
I then called the appraiser to ask if he’d be submitting the appraisal to the county. I don’t want the county to have it, because they’ll raise my property taxes. He indicated that it would not go to the county, that it would only be submitted to the lender. I’m sending him $350 this morning to set up the appraisal, and hopefully it’ll be done by this time next week.
THANKS!!!……. to everyone who’s been posting creative money ideas for getting my mind going these last couple weeks. It’s been fun coming up with ways to make/save money (I’m the one who’s disabled and can’t work). I’m also going to start picking up change like the guy who posted here that’s collected $650.00 in random change in the last 5 years.
All for now…… and everyone here with a mortgage, be sure to check your amount owed, then look into current value, and maybe YOU can get your PMI back too!
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Casey -
In all seriousness, check out:
http://www.homevestors.com/mod....._house.phpThey buy houses - HUGE, reputable (at least I have not heard anything bad about them) company for the past 10 yrs. They have those signs you see all over: “We buy ugly houses”.
They were just featured TODAY at msnbc.com, saying they STILL are making profits.
http://www.msnbc.msn.com/id/16...../newsweek/For god’s sake, get SOMETHING for your houses.
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Casey - I miss reading your answers to posts or explaining why you made a decision. Can you add a Q&A to this blog or just pick a couple questions a day to respond to? Right now all the posters are just putting up hate mail and the people who used to post suggestions and helpful recommendations are gone. I’d like to see you get the blog back to where it was a helpful forum for not only you but other investors as well.
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“Juggalo
January 3rd, 2007 at 1:08 pm Why oh why haven’t the banks forclosed on all of these properties already? Banks are pussies these days. ”I suspect that almost all of the houses are either going to auction very soon or have already gone (and no one bought them”. Casey won’t tell us “until he is ready” because that is pretty much when this sideshow ends. Nothing left to see here but judgements from credit card companies and 1099’s from the screwed lenders.
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This blog has become really boring. Nothing left to discuss.
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Walt 536…. oh Puh-leese!
1) he’d have to start paying utilities - STILL CHEAPER THAN RENT
2) either would be much further away from his wife’s school - POOR PEOPLE HAVE TO COMMUTE
3) the North Highlands property isn’t really livable in its current condition - POOR PEOPLE LIVE IN ICKY HOUSES
4) the Burdett property is in a really ugly part of town - POOR PEOPLE LIVE IN UGLY PARTS OF TOWNSeriously - he’s poor - massive negative net worth and NO income. Beggars can’t be choosers. I sure wouldn’t have him as a tenant - and how is he paying the rent anyway??? Surely he is not working hard enough for Chris to cover his living expenses.
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wow casey. life just doesn’t seem to be workin for you. man, i remember when you sold your first condo off La Riviera…that was back when this whole thing was starting…..crazy. i had no idea….well, you are in my prayers. for your financial status and of course your marriage. (tell her hi for me if you guys even remember me….its been a while)
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Casey,
As you clean up your office make sure you stock up on Starbucks and Jamba Juice- need nutrition to keep the brain going.
How big is your in-laws house anyway? Do you and the Mrs. have your own bathroom?
Big Cheese
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Casey’s Goals for 2007: Be mentioned in the Scottman’s guide as an example of mortgage fraud-100% success!
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My wife and i made a similar goal this year. Our church is going through the Bible in a year, so we decided to wake up at 5:30 together, read the assigned chapters then pray for each other. We’re 3/3 and its already been AWESOME!
go for it!
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@ Don’t enhale the Serin Gas
http://www.latimes.com/busines.....e-business
I think you mentioned how you work for a subprime lender. And claimed that your business is booming and that your company had a great year and expect only fly by night lenders to be going down. I’m calling BS. How does your company compare to Ownit? Can you share more info on your company. If possible, I would love to short your company’s stock. I’ve been shorting LEND for the last 6 months and it’s been beautiful. Any information would be helpful. Thanks.
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Well, its 2 pm est on 01/04/07 and we’ve had no word from Ca$ey. Who wants to bet that he and the wife slept in this morning ? $WEET !
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“Only you, with 6 unoccoupied houses, could figure out a way to pay MORE rent in a house you dont even own. the casey train wreck continues unabated into 2007″
hahahah
by the way, your wife is hot
PS why do you let people write mean things about you with these comments?
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Its so funny the burdett house is in a ghetto so his beautiful white wife is too good to live there, but its OK to stiff the bank.
People with bad credit (mr & mrs serin) always are deadbeats always. Their wants and needs come before the lenders. FICO does say a lot about you. Many people would work 3 jobs and whore themselves out before they defaulted on loans. Casey isn’t even renting them out its ‘too much work’. haha.
Enjoy your low FICO for 10 years Casey you earned it - you have been labeled appropriately. Also the wife earned a low FICO for marrying a low FICO.
I myself have a rule don’t buy a house if your hot princess wife can’t walk around the block by herself and feel safe.
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I was at that swinging party at Casey’s too. I swung for the fences and did an upper decker in his toilet. Wonder if that will affect the long-term resale value since he will never find this hidden suprise if he can’t even check his mail…
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How about your education? Any more “university like” classes?
You should start your own university (I think Wyoming is pretty lax with the start-up rules: Trump’s might be registered there).
You could call it Serin’s Housing Investment Teaching University (or SH*T U for short). Award yourself a Phd., then people would give you more credibility and might lend you more money. Heck, you could offer a Phd. to anyone who bought any of your houses. I’d like a BS from your SH*T U. I’m sure Kiyosaki could be a trustee.
Think of this: “SH*T U, Where we teach by the shovelful” -
Your jail cell will be smaller than the space in the picture and you will have a lot less to worry about. Your days as an un-indicted free man are almost over.
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note from Dustin’s gf again.
I actually fully read this whole blog the other night when I couldn’t sleep. (As all of my responsibilities are taken care of, or I would’ve been doing those instead.)
It kind of boggles my mind that you’re still so willing to destroy not only your own life, but your wife’s as well. You’ve made a series of serious ridiculous mistakes. But you are doing absolutely nothing to rectify them. Key words to starting over? REAL JOB.
Craigslist. I got a seasonal job wrapping gifts for a catalogue company for $15 an hour. If you work somewhat diligently or a while, you can resurface and start over. You’re only prolonging your pain and your wife’s by still sitting around and making plans you never follow through on.
If you’re getting up at 5am, why not get paid for that time someplace? And spending more money on office space is absolutely ridiculous.
I don’t mean to be harsh, lots of people on this blog do that for me, but I feel compelled even though I’ve only met you once to comment. You’re only digging yourself deeper and deeper into your hole. And you won’t make it to China like in the cartoons, you’ll hit molten rock and kill yourself.
The ability to take responsibility for your mistakes is a sign of character and strength. Do you have any of those? Or is your backbone made of pudding?
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Looks like the Sacramento home just became even harder to sell CASEY!!!!!!!!!
*********
FEMA: Calif. levees worse than thought
SACRAMENTO, Calif. - A fast-growing region near the state capital is at greater risk of a potentially catastrophic flood than originally believed, and insurance rates could double for some residents, the government said Wednesday.
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organizing your office is like rearranging deck chairs on the titantic.
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Tim should come up here to Sac. from the Monterey Bay Area and buy some homes to flip and made some real money and quit giving Casey a hard time…
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Looks like you are listed in Wikipedia as the Housing Bubble Poster Boy:
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I predict casey will survive until June 30, 2007. I give him a couple of months after the roof(s) have caved in before he finally ODs on his meds.
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Blue Ball said:
“Why don’t you raffle off your “Blue Ball of Success” and pay for a month or two of “office space”?”
Sounds like a great idea, put the Blue Ball on eBay and get a real chair. Real Estate firms could bid on the ball to make realtors in their office sit on the “Casey Blue Ball of Dumb” as punishment for doing something stupid…
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“Reorganizing can be a wonderful method for creating the illusion of progress while producing confusion, inefficiency, and demoralization.”
Indeed. And while Mrs Serin may THINK her husband’s working really hard, what is he actually doing?
I’m not suggesting he’s just twiddling his thumbs, but there’s genuinely productive work and timewasting “work” where it looks as though loads of energy is being expended on sorting out the office, answering e-mails and so on, but there’s nothing to show for it at the end of the day.
Seriously, Casey - post an hour-by-hour account of what you ACTUALLY got up to on a typical day. I think it’ll be very revealing.
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Jilly
January 3rd, 2007 at 5:13 pm At least the ball showed up for work.Now, that’s funny!
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Casey, it looks like you had a little shopping spree at best buy, what did you get? How much did you spend?
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Is it true that the reason your wife gets up at 5am is because you are making her sell fruit to morning commuters on a freeway on-ramp?
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FuturesTrader
January 3rd, 2007 at 8:49 pmHis wife isn’t that good looking in general. That one photo has her hair nicer than usual and some make-up. The blur actually makes her look better. There’s less appealing photography of Casey’s on the web.
Where? I went through Caseys’ entire 495 photo slideshow the other night, and I don’t recall seeing any other photos of his wife there.
However, I did see some livable homes in the slideshow. Why aren’t you living in one of those Casey? Has this question been answered?
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=> FuturesTrader:
I think she looks like a non-anorexic (which is good) Kirsten Dunst in the group photo with the brothers and a couple of others. Body type, unfortunately, predicts ‘babushka’ in 20 or 30 years.
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Anything interesting in the mail?
Casey, I’m wondering if you’ve noticed a trend while you’ve had this blog. Time after time you come here with a new “bright idea” and nearly everyone trys to tell you why it won’t work. You ignore them and then waste a month or more until you come back and say it didn’t work out.
You’d save yourself a lot of time and trouble if you took advice better. It seems you only take advice when it’s packaged into a $3k seminar, which you should know by now has never done anything good for you.
Has the FBI made contact yet?
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re: the wife
It seems inevitable that the marriage will end. The only question is when. 2007 will bring a shitstorm of great proportions to Casey and anyone aligned with him. It’s obvious that Casey and perhaps the wife have no idea what’s coming.
She needs to start thinking strategy. Being that CA is community-property, she really needs to be careful or she’ll be on the hook for everything too. It’s looking more and more that there’s going to be some kind of criminal charges pending and she could end up an accessory if she’s not careful. Lots of variables here.
One thing is certain, Casey has shown serveral times over that he has no problem in bringing her down with him. He’d sell her out without a second thought if he thought it would lead to fulfilling his delusions of being a high-roller.
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Stop this blog ASAP. Don’t even say goodbye just stop it. Get your tax records together for FY 2006 and then get a job…….any job. You could even do what’s called a shoebox return. Have all your records in one pile and let the CPA sort it out. Many are used to such returns.
The sooner you declare defeat, the sooner you dig out of your hole and the sooner you can go onto real victories in your life. I have been there and done what you’re currently going through only mine was with the daytrading craze of the 90’s. I never want to repeat the foolish things I did. That like the saying about how people become better through adversity and become toughened. It’s bogus. Do not welcome adversity, avoid it like the plague. Life is easier and nicer that way but when adversity finds you meet it head on. You don’t run from it. That is part of being a man Casey.
I suspect I know where you’re at psychologically and emotionally and I will not sugarcoat things-it gets a lot tougher-but eventually the sun will come out. It may be years but I promise you it will come out through hard work and determination on your part.
At 29 I had to move in with Mom and Dad Casey. No job though I soon found one. I lost a lot when I lost my money and suffered not a few humiliating comments thrown at me. I once thought about writing about my experiences because they would make a good story. I did not because my personal experiences with this are as intimate as say my sex life. No one’s business but mine and very deeply personal. Think about that.
Best of luck.
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Disregard this advice posted above: “…The worse thing you can do is avoid them, because they will come and do a Trustee sale on you and sue you for the remainer. The good thing is you have no asset for any judgement to stick.”
Calif. is a single-action state. They can do one or the other but not both. Lucky you.
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What the heck is with the blue ball all the time?
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Here you go…
CLEVELAND (AP) — A grand jury has indicted 72 companies and individuals on 303 charges that they used false information to obtain more than $4 million in home loans, a prosecutor announced Thursday.
The charges of racketeering, forgery and theft target mortgage brokers and lenders accused of helping to push Cuyahoga County’s foreclosure rate to among the highest in the nation.
The alleged schemes involved 43 properties in Cleveland and the suburbs of East Cleveland, Garfield Heights, Brook Park, Pepper Pike and Solon the county prosecutor’s office said.
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When I’m done at Atlantic City & Vegas, I want to meet your wife ’cause Blin kicked me out….
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Your “fans” must love hitting their heads against a brick wall. Otherwise, why keep advice that Casey will NEVER follow? USe your time in a more productive fashion.
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some damn good reading for ya…
http://www.321gold.com/editori.....10307.html
and all of the Mogambo Guru articles.
I loathe the Federal Reserve!
=TMG.
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Obviously, your wife’s one goal (which was met) was not to leave you. Not sure if she will make it through 2007 with the same goal…
I am sure that, with a few sweet deals, you will go from being $2.4 million in debt to financially independent in 2007.
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Maybe this will help you….
………………………………………….
The magic words to a house sale11:54 AM CST on Tuesday, January 2, 2007
By ANN BRENOFF / Los Angeles TimesWords matter. Wars have started over them. Civilizations have collapsed because of them. And it would appear that the speed with which a house sells might be determined by them.
As house sellers grapple for the slightest edge, the findings of several academics might offer some guidance.
For example, a Canadian professor, as part of a broader study on real estate sales patterns, found that homes where the seller was “motivated” actually took 15 percent longer to sell, while houses listed as “handyman specials” flew off the market in half the average time.
“It surprised even me,” said researcher Paul Anglin, who teaches real estate and housing trends at the University of Guelph in Ontario, Canada. The study dissected the wording of more than 20,000 Canadian home listings from 1997 to 2000.
What surprised him most was how the buying public put style over substance. Words that denoted curb appeal or general attractiveness helped a property sell faster than those that spoke of value and price.
Homes described as “beautiful” moved 15 percent faster and for 5 percent more in price than the benchmark. “Good-value” homes sold for 5 percent less than average.
Another finding in Mr. Anglin’s study was that the plea of “Must see!” was received about as enthusiastically as a dinnertime telemarketing call. Homes with listings using those words had a statistically insignificant impact on the number of days they took to sell.
Listings where the word “landscaping” was heralded sold 20 percent faster, and homes in “move-in condition” took 12 percent less time to sell than the benchmark.
Owners use listing language to convey how serious they are about selling, but some words work better than others, Mr. Anglin’s study found. Listings in which the seller said he was moving sold for 1 percent less in price compared with 8 percent less when the seller was “motivated.”
The real meaning
Real estate listings, not unlike personal ads, are crafted to minimize blemishes and maximize selling points. So if “enjoys moonlight walks on the beach and cooking together” means “I’m unemployed and am looking for someone who won’t always expect to eat out,” then “needs TLC” might mean “this house will have you on a first-name basis with the clerks at the local hardware store.”
Last year, the impact of listing language was covered in a National Bureau of Economic Research study that looked at whether real estate agents selling their own homes hold out for a higher price. (They do; the study found they take longer to sell but fetch a higher price.)
Descriptions of houses that indicated an obvious problem – such as “foreclosure,” “as-is” and “handyman special” – drew substantially lower sales prices.
One problem discovered was that “superficially positive” words that, in effect, damn with faint praise – such as “clean” or “quiet” – had zero or even a negative correlation with prices.
‘Golf,’ not ‘paint’
Those findings echo the ones in a 2000 paper called “Real Estate Agent Remarks: Help or Hype?” researched by University of Texas finance and real estate professor Ronald C. Rutherford.
Mr. Rutherford found, among other things, that buyers read between the lines. If you can’t find anything better to say than “new paint,” perhaps it’s best to say nothing at all.
Factually verifiable comments such as “golf” or “lake” drew increased sales prices; other presumably positive comments about new paint or carpet brought lower ones.
“What you say needs to be extravagant,” Mr. Rutherford said, “or the signal that is received by buyers is that it’s not worth talking about.”
But what do sellers know? “New paint” appeared on 15 percent of the listings and was the most commonly listed comment.
Mr. Rutherford said sellers would be best served by a listing with “just the facts, ma’am.”
“If it’s a good deal, you need to convey it with factually verifiable language.” An example: “Needs repairs,” he said.
Of the information from his study, conducted between 1994 and 1997 of almost 60,000 closed residential transactions in Tarrant County, what surprised him most?
That homes with “motivated” sellers stayed on the market 15 percent longer than average and sold for 4 percent less.
His theory: “They overpriced the house to start with and eventually had to lower it. That explains the length of time on the market and the lower sales price.”
Does he have any advice for today’s sellers?
“Yes,” he said, “avoid the word ‘motivated.’ “
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she married a slick talker with big dreams who struggles at math. i’t get pensive and sad, too.
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Here’s a guy who had a bigger burn rate than Casey! He just lost $1.3 million on one house sale!!!
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Casey - You’ll of course not answer this, but I’ll ask anyway - ‘What happened?’:
“Since working at my rich dad’s office didn’t work out…”
Casey - you rarely answer simple, polite, direct and on-topic questions. By so doing, you are discouraging such questions and encouraging frustration (what you call ‘haters’).
Casey - you said you are (re-) thinking the future of this blog. If you’re not going to respond to relevant questions, then - stop accepting replies and save yourself 1 or 2 hours per day.
I’m serious - please seriously consider whether you want interaction in this blog or not. Currently there is almost no real interaction. You appear to be lobbing ‘t**ds on the table’ and getting mostly emotional responses. That tactic may have made sense when you were getting Ad $, but it’s just wasting everybody’s time now.
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What’s up with the Utah property?
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You mentioned a few days ago news on Larchmont short sale.
What up?
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What’s in the mail?
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What are the consequences of the Dallas foreclosure after you’ve opened the mail?
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Are you ignoring Jerome’s advice?
(Fine if you do or don’t - a ONE word reply will take you 5 seconds!)
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A good link to determine what Casey will owe the IRS:
http://www.irs.gov/publication.....tml#d0e760
Foreclosure or repossession. If your home was foreclosed on or repossessed, you have a sale.
You figure the gain or loss from the sale in generally the same way as gain or loss from any sale. But the selling price of your home used to figure the amount of your gain or loss depends, in part, on whether you were personally liable for repaying the debt secured by the home, as shown in the following chart.
IF you were… THEN your selling price includes…
not personally liable for the debt the full amount of debt canceled by the foreclosure or repossession.
personally liable for the debt the amount of canceled debt up to the home’s fair market value. You may also have ordinary income, as explained next.Ordinary income. If you were personally liable for the canceled debt, you may have ordinary income in addition to any gain or loss. If the canceled debt is more than the home’s fair market value, you have ordinary income equal to the difference. Report that income on Form 1040, line 21, or on Form 1040NR, line 21. However, the income from cancellation of debt is not taxed to you if the cancellation is intended as a gift, or if you are insolvent or bankrupt. For more information on insolvency or bankruptcy, see Publication 908, Bankruptcy Tax Guide.
Form 1099-A and Form 1099-C. Generally, you will receive Form 1099-A, Acquisition or Abandonment of Secured Property, from your lender. This form will have the information you need to determine the amount of your gain or loss and any ordinary income from cancellation of debt. If your debt is canceled, you may receive Form 1099-C, Cancellation of Debt.
More information. If part of your home is used for business or rental purposes, see Foreclosures and Repossessions in chapter 1 of Publication 544 for more information. Publication 544 has examples of how to figure gain or loss on a foreclosure or repossession.
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Too lazy to monetize your “eyeballs” on the train wreck of your life.
24 years old living off your relatives.
Upside down 700k
Sad, pathetic, really
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I would have loved to see little Casey as a young little 8 year old entrepreneur setting up his little lemonade stand. He would probably start out by buying books and tapes on how to make lemonade.
Next, he would buy lemons from Jamba Juice at $2 each, when he could buy them at the supermarket for $0.20 each.
After that, he would spend a whole week looking for pure sugar that wasn’t “refined”.
He would call his unsuccessful attempts at finding pure sugar a “learning experience with minimal success”
He would then decide the reason he isn’t making any money is because his elementary school classes are getting in the way, so he stops going.
Weeks go by and the lemons he purchased start to rot.
The credit card company that he used to make the purchases starts to notify him that he is late on his payment.
He then asks if it was wrong of him to obtain said credit card by lying about his age. His defense will be “I had every intention of becoming 18 one day, so really I didn’t lye about my age”
8 year old Casey brushes off chores he could do for allowance money, because he would be part of the “rat race”.
Once the lemons finally go to waste, he will then decide to make a blog and try to sell the rotten lemons and think he can make a profit, even with late payment charges and interest accruing from the fraudulent credit card he obtained.
He then meets with the president of Country time Lemonade, who calls him an idiot on camera and Casey is thankful for meeting him
Finally, 8 year old Casey decides he needs to make a “to-do” list that includes remembering to wake up EVERY DAY.
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You’re not admitting mistakes because you are not taking responsibility. You’re merely blabbing. Admitting a mistake means you would have sold the TX property for the hopeful buyer who repeatedly offered you 195k but you REFUSED because of a couple of deliquent mortgage payments you would have had to pay and closing costs? More insanity. So you let the banks forclose so you wouldn’t have to lose a dime, then you panhandle on the internet.
PATHETIC. -
when i couldn’t sell my real estate, i busted my balls improving the value of my property using my bare hands (or sometimes gloves!) yep, if i were you and i clung to the notion that there was some magic way out, i’d spend at least half my time improving the value of my property with my bare hands. ook ook hard work wooptie doo!
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Geez Tim from Monterey, how did you get anywhere in your life? Why waste so much time and effort on someone that isn’t listening? Maybe once, twice, but over and over again? Why not stab yourself in the eye with a sharp pencil? It would be less painful to watch. You must be REALLY bored.
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Why will you NOT explain in detail what Homey DA Clown is talking about??? Is it because you are a total fraud and are setting up this for some guru to make a new and better course/seminar to sell to those dumb enough to buy it!!
Unless you can start explaining this ISSUE that Homey Da Clown keeps talking about, you say loud and clear, I am fake, a liar, a cheat, a scum sucking a@@hole whose only purpose is to get others to read your sob story.TOO bad for you. GET A JOB THAT PAYS YOU EVERY WEEK. GO DO DAY LABOR FOR DAILY CASH.
YOU HAVE OBVIOUSLY NEVER BEEN ALL THE WAY TO THE BOTTOM, ex. BANKRUPTCY, NO MONEY, NONE, HAVING TO WORRY HOW YOU WILL EAT DAILY, etc., because if you had, you would be doing something, anything, to make sure you didn’t go to the bottom again.
So, until you can tell us all the whole truth, this site/story/lie, is just a good laugh!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Casey,
After months of reading your website I still can’t figure out if it’s real or not. Part of me insists no one would admit to such shameful failure on a daily basis. Really, I don’t care if you’re not a native English speaker you should know by now that taking a hot/cold shower does not constitute “goal-setting” - though if such low goals are the norm in the part of the world where you come from it may explain why communism was such a failure. Anyway, I digress - what I really wanted to say was I absolutely LOVE, LOVE, LOVE the replies to your posts. That’s what keeps me trolling here everyday - you have some of the wittiest respondents I’ve come across. It seems to be quite an educated bunch of readers you should really try to take their advice once in a while. My only advice for you is to give up the jig, declare bankruptcy and try to repair your life for real in 2007. Your wife may leave you, your friends may desert you, that ubiquitous blue exercise ball may be sold off in a forced tax sale and you may not have Jamba Juice again until 2015 but at least you’ll be able to sleep at night. We’ll that is until 5:00 am comes around and you have to get up. Good luck, secretly I think most of the people who read your blog are rooting for you, I know I am.
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Tim from monterey wrote:
Casey has never given a convincing explanation of why he has not moved into either the Larchmont or Burdett houses in the Sacramento area.
Yes, that is because those houses are complete pieces of sheite. They are both in questionable areas and North highlands (highlands … funny) must have flooded out a few times in the recent past, its flood city.
The other one … lets just say that Casey is probably using it as a place to practice “jail house pretty boi entertainment” but in much rougher circumstances, just so that being actual Jail pretty boi will be easier …
Casey is doing the right thing. Those places aren’t worth living in. Only problem is, everyone knows it, especially Casey.
Cool.
Cow_tipping. -
Everybody wants to know why Casey is paying to live with a relative when he has unoccupied houses. Here is why:
Casey will think nothing of stiffing his sister in law for a few months and paying nothing. He’ll probably eat everything in sight and not take out the garbage.
If he moved into one of the houses, he’d need to turn on the utilities and buy food. The electric company and supermarket aren’t likely to let him slide like a relative would. Why shoudl he pay for utes when he can sponge for free?
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Planning a quick getaway?
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Up early, I see! Even with the friend calling and the wife already awake. Complete the set with a gigantic gong going off!
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Casey, junk all the goals. Get on the phone with all your lenders. Your only goal should be to get chummy with one key person at each lender. Tell them you bit off more than you can chew and say it’s in both of your best interests due to foreclosure costs on their part to short sell the homes at the best possible prices in this coming seasonal spring upmove, all but one house you can call your primary residence. Get on the phone with a bankruptcy expert. It is 100% you will have to file to even consider a comeback. You should be on the phone or meeting with these people every breathing moment. Eat, sleep, phone, and meet.
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So is this the last we have heard from you Ca$ey ?
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This is, as Monty Python would say, a complete and utterly total waste of time. Specifically my time.
I’ve decided oneof my resolutions is to stop reading this blog. I figure by next Spring you’ll get another 15 minutes of fame when you’re arrested and indicted for fraud.
Good luck. You’re gonna need it.
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“Молитесь Богу, но продолжите грести к берегу.”
Or just keep praying, and we’ll keep laughing.
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An intersting article on a crackdown on mortgage fraud. The secodn case sounds more liek what you did:
Source: The Denver Post, Howard Pankratz, and The Associated Press (01/03/07)
Mortgage Fraud Charged in Denver, Cleveland
Dozens have recently been indicted in mortgage fraud cases in Denver and Cleveland, where foreclosure rates are among the highest in the nation.A Denver grand jury has indicted Jorge Castan Camacho for forging personal identification so he could fraudulently buy and sell homes.
Camacho, who owned and controlled USA Mortgage Lending Capital Corp., is accused of using his victims’ identities to purchase properties and then failing to make the mortgage payments.
Officials are still unsure how much victims in the fraud cases have lost beyond their good credit histories. A spokeswoman for the Denver district attorney’s office says the monetary loss exceeds $100,000 and will grow as mortgage companies foreclose on the properties and resell them.
In another unrelated mortgage fraud case in Cleveland, a grand jury indicted 59 companies and individuals on 269 charges of using false information to obtain $2.85 million in home loans. Eleven more defendants are expected to be indicted today.
The buyers and sellers are accused of using false information to obtain loans for at least 38 properties.
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So if you could choose to be born attractive or smart which would it be?
Casey Serin here makes you think attractive by itself aint such a good option. And his wife is attractive too - not much good its doing her she married some kid from Amway.
Sorry to bash you alla time Casey, thats the idea here isnt it?
You have a unique blog. Now we know why 99% of people are anonymous on the internet!!! See what happens when you put yourself out there?
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“Sounds like a great idea, put the Blue Ball on eBay and get a real chair. Real Estate firms could bid on the ball to make realtors in their office sit on the “Casey Blue Ball of Dumb” as punishment for doing something stupid… ”
This is a classic.
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I don’t know who’s to blame more in this situation…the borrowers or the loose-ass lenders who couldn’t do due diligence if their life depended on it!
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T. Roll
January 5th, 2007 at 12:34 am(snip)
After that, he would spend a whole week looking for pure sugar that wasn’t “refined”.
(snip)
This is wonderful. Except this step. Non refined sugar is better … he would be looking for the much cheaper “used” sugar that he can flip for a profit … Other than that, I couldn’t agree more. He’s like that Borat guy without any of the talent or the follow through or the personality (be it negative personality) Lots and lots and lots of BS. remember how he was going to auction off the New mexico property. People tell him no … and few days later he’s on the next thing.
Cool.
Cow_tipping. -
Since we are posting articles about people going to jail for mortgage fraud, here is another example:
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Did you know the United States is the only developed country that allows male prison guard to watch over female prisoners?
That include the strip searches too. And most of the guards are members of the lower working class. They are the type of guys that you try to avoid on your way to Jamba Juice.
I would suggest you get a plane ticket for your wife, and send her back to Russia. For her safety. Those correctional officers would probably take a special liking to her as opposed to the WNBA basketball amazons they usually detain.
White women in prison with male prison guards usually have it really rough. Please look into this for yourself, to see that I’m right.
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@casey is a genious.
the company I work for is part of a much larger corporation, AIG. We are just a small piece of the pie to them as I am sure you know ( you seem to be a pretty smart guy). This has prevented us from making many of the ridiculous loans that companies like Aegis, Ameritheft, New Century and some of the others have. We have stayed cutting edge with our products, but most importantly have kept our LTV restrictions lower. That is the main problem with this cycle, and what you hear in the media. It really makes sense for borrowers with bad credit to take ARM’s or IO loans, it will save them money. however, you have to limit the LTVs so they are not taking out 100% of the value of the home. Our company does not do and never will do payment option loans as they are probably the worst thing ever to hit lending. If you want to short a stock, make sure you find out who owns World Savings Bank, its basicly all they do. Sub-prime lending is a necessity, but companies have to cull their greed or it will bite them in the ass. We sell 100% of the loans we originate, and while most would think that might save us in bad times. If the borrower defaults early enough, we have to buy it back and go through the trouble. With all the fraud occuring in Florida and Atlanta it has kept our legal department quite busy. Trust me Casey, they will catch up with you
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Casey - you said you’re pondering the future of this blog.
My opinion:
If you’re not going to respond to comments or answer repeated questions, you might as well quit wasting everyone’s time and shut down this blog. At least stop wasting your time moderating - post when you want and what you want and stop accepting comments. You ignore them anyway.
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TheUpperDecker wrote:
I was at that swinging party at Casey’s too. I swung for the fences and did an upper decker in his toilet. Wonder if that will affect the long-term resale value since he will never find this hidden suprise if he can’t even check his mail…That probably won’t affect his resale value nearly as badly as that homeless guy from Burdett Way that drowned in the pool. Did anyone fish him out before we left?
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Who would want the blue ball? Gross, it probably smells like Casey’s a**.
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Say, did you ever hear anything about your wife and some guy with the intials DW getting together during your first trip to Phoenix?
Just curious.
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G’day Mates!
Ozzie Tim here.
Little slow round the old Serin blogspace, eh? Looks like our mate might actually flat out like a lizard drinking. I knew he’d give it a burl. The question, as always, is for how long? You decide.
Gettin close to amber fluid time. Gonna hit the bottl-o on the way home and pop back some coldies with my mates. Maybe have a few over for a BYO on the barbie, or maybe just a good Friday night spac-bol with a few snags? Hmm. Gotta find somethin to pass the time since our boy here got serious about the cleanup.
Oh well he’s a no-hoper. Just when this was geeting decent… off he goes. Doesn’t he realize he’s got a responsibility to all of us? What about our needs.
No worries. got to get on the hop.
Hooroo. Ozzie Tim
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For crying out loud Ca$ey, how long does it take to organize your office ????? You should have been done with that 2 days ago. What have you been doing since then ?
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Casey:
I found a site full of SWEET deals…
Many of these people want to sell NOW!
You can get many for nothing down and flip them all in the Spring for at least $100K each.
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IT’S HOMEY TIME!!!
YO YO YO CASEY,
Why you and Chris be hiding out? You be spendin too much time gettin boxes? Wat fo? cuz you movin, right? Go head and tell da peeps….
Chris don’t like talkin bout youz, fo sho. He gets all cranky an nasty. Why you ain’t tellin da peeps what Chris do fo a livin? […]
When you gonna wash dat Vdub, and get dat seat fixed. It be nasty. Oh, the tires need air too.What you be doin in Best Buy Casey? Buyin more stuff wit other peeps money? Man, you cold. AIn’t got money fo nuthin cept yuself.
Oh, I dunn talked to yo neigbors where dat boat is parked. They all knowz bout you and be usin dat house to party at.
You be out of toilet paper.Did da FBI call you yet? They gots yo phone numba fo sho.
Love,
Homey
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Casey,
I think you’re going to do fine. Ignore the haters.
You learn from your mistakes and move forward.
Most of the haters work a 9 to 5 job and they don’t want to see anyone who doesn’t work a 9 to 5 job make it. That is why they will never be a success.
You have taken the other path in life. It is difficult but the rewards make it worth it in the end.
You are moving forward.. slowly.. but moving forward.
I wish you great success in 2007. You’re actually not that bad off, you still have some homes to sell and you do have debt but when you compare it to what you can borrow, you can keep leveraging yourself forward.
Ignore the haters and focus on making money.
Good luck!
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Casey,
Please listen,
Again, taking responsibility means TAKING responsibility, not just SAYING you are responsible.
Taking responsibility requires action — direct action to remedy the broken situation.
Now I know this is not what the Kyosi (sp) guy told you, but he has multiple motivations for applauding your speeches while ignoring your actions. -
Rob,
sure he can leverage himself forward….with 4-5 such promissory notes? jeez you are such an idiot. -
Don’t enhale the Serin Gas
World Savings does a lot of option arms, but they also do a lot of other things that make thier portfolio very strong. They are an equity based lender with their own staff of appraisers who are notoriously conservative and if I remember correctly they portfolio and service their own loans. I’ve heard they have the lowest foreclosure rate of any major lender. If you would still like to short them though they were just bought by Wachovia. A better short plays would be Option One (H&R Block). They not only own a lot of homes where I work, but lended MUCH more than many of these homes are or were worth. Gotta watch those LTVs.
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