(Note, I deleted the duplicate post and unfortunately some of the comments were lost, I also updated this post to explain the situation further. And yes, I broke my own rule and posted on a Sunday. I need to work on my discipline. )
We had to borrow 4K to pay basic bills including my wife’s minimum credit card payments which jumped from 1,000 to 2,500 because of late fees and going over credit limit.
The thought of relief via bankruptcy has been on my mind lately. However, she will not let me ruin her credit. I promised her at the beginning that no matter what happens I will save her credit. That was the only way she would let me use her credit cards for real estate deals. She is right. I must keep my promises.
She asked me if I have a plan. The base salary with Chris is not enough. She is saying that almost three years of marriage on a financial roller-coaster is getting old.
[ Added for clarity: My entrepreneur adventures are putting a big strain on our relationship. Even though she has been very supportive through all of this, everybody has a limit.
You see, I unintentionally gave her the impression that I was successful when we were dating (I still had some money left from from my first condo flip).
Later, right before the wedding, she found out that I was really “broke as a joke”. I even bought the ring on a credit card and went into debt for the marriage expenses. She came into the relationship with no debt and excellent credit expecting stability and married into a financial storm without really knowing it.
She also expected for me to pay for college so she can finish her 4-year degree. Her parents were paying for it before but stopped as soon as she got married. I told her not to worry about it. I have it under control.
I’ve set some high expectations. No wonder she is feeling disappointed. I owe it to her to make it right. ]
So, I told her that I am not sure if I have a plan (that didn’t go over well.) There are several possibilities but nothing solid yet. I can make some commission but that hasn’t happened yet. I can do some wholesaling but that hasn’t happened yet either. I can look for a higher paying job (using my web design / programming background) but that’s not going to pay the CC minimums either unless we wipe out the debt via bankruptcy.
She is starting a job in January helping prepare people’s taxes but it doesn’t pay much since she has no education. It’s more to build experience.
I must make serious money quickly somehow. That should probably be more of a priority to me right now than trying to sell houses.
I feel like I am in a slow pressure cooker and the temperature is increasing.
My Goals For December
More Facing Foreclosure Interviews
257 Comments
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Andrew
December 3rd, 2006 at 1:00 pm
Don’t worry about your wife’s credit. It’s already shot worse than a Geo Metro after a direct hit with a Hellfire missile.
When the banks ramp up min payments like that, it’s pretty clear that they don’t expect you to ever pay the whole balance back and just hope to get whatever they can squeeze out of you before selling collection rights to IRS.
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Mak
December 3rd, 2006 at 1:03 pm
Clearly you need some “sweet deals” to bail you out. I would recommend you take a week off to meditate and listen to guru tapes, for the purpose of attracting success.
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standallamazed
December 3rd, 2006 at 1:13 pm
Am I confused? Are you trying to make $100-$1000 per hour or are you borrowing $100-$1000 an hour.
Also, what is the occupation of the people that have loaned you the last $7000 which you have borrowed for personal expenses. Are they “suckers” with a J.O.B.?
Why are you only borrowing $7000, thats not even going to make a dent in all that you owe. Oh nevermind, that $7000 is for your day to day living expenses, which is what most people have been saying you need a real job for. Our suggestions were always met with, ” a full time job won’t do anything to solve this problem or put a dent in what I owe.”
Get over to those houses and at least clean up the paint-spray dust….
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John M
December 3rd, 2006 at 1:15 pm
Her credit is already ruined, she has a foreclosure on her record, maxed out credit cards and late payments on them.
Oh, and her asking if you had a plan, that was her way of saying “Convince me that I shouldn’t leave you”
In watching the train wreck from afar, I forget that you are hurting another person so deeply and directly. I really hope for her own good she can find the courage to leave you.
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Dokala
December 3rd, 2006 at 1:16 pm
Um, wow. That’s all I can say. Even your wife is asking you for a plan and it appears you have no response. Listen carefully to what other posters have proposed and formulate a plan. Not some high-level by-the-week BS you already posted. Take the high-level BS and break it down to managable, measureable, and specific tasks. And I know another poster has mentioned that and used the SMART acronym.
Gurus can’t help you at this point. They market to the masses with no information on your specific issues. How is that going to help you?
Talk to a lawyer, look at filing for bankruptcy. You got your wife’s credit cards involved in all this. Maybe your “salary” should be directly applied to her credit cards.
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briguy
December 3rd, 2006 at 1:17 pm
How do you propose to save her credit?
It isn’t possible.
Admit it to her, and maybe you’ll get the motivation from her to finally take BK seriously. If you’ve kept her in the dark this long about the real stakes of this game you’ve been playing, you can probably convince her it’s a good thing.
Your wife likely doesn’t have a lot invested in her education yet (Sierra College is a community college for those not in the area), so dashing those CPA dreams probably won’t be that traumatic.
If it takes having a JJ with a wheat shot to have the courage, go for it!
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star
December 3rd, 2006 at 1:18 pm
If she’s showing over the limit and you’re late on payments, then her credit is already damaged.
Just 1 30 day late on a decent credit report can tank FICO scores. Maxed out tradelines affect the scoring quite a bit too. And over the limits will be seen on manual reviews for years to come.
Months ago before your credit reports starting looking like trash you could have at least rolled those balances into 0% to below prime APR balance transfers for a year or longer. That would have at least slowed the bleeding and saved you monthly maintenance costs. It’s too late for that now though.
You need to develop a concrete plan based on current reality. Your plans always seem to be based on wishful thinking and highly unlikely developments. This is the reason your situation is just getting worse.
I think both of you are living in strong denial.
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serious_doubts
December 3rd, 2006 at 1:21 pm
Troll alert
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Time to Get Real
December 3rd, 2006 at 1:23 pm
Borrowed from whom?
$2,500 minimum payment - wow. You need about $50K/yr in pre-tax income to service that.
“will not let me ruin her credit” - way too late, it’s already been ruined by foreclosure.
“She asked me if I have a plan for getting us into some stability… I told her that I am not sure.” - I’m absolutely sure you don’t have such a plan.
“serious money quickly” - using what skills?
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Unbelievable
December 3rd, 2006 at 1:25 pm
“She will not let me ruin her credit though. I promised her at the beginning that no matter what happens I will not let that happen.”
HEADS UP MRS CASEY - YOUR CREDIT IS ALREADY RUINED
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star
December 3rd, 2006 at 1:26 pm
Also, I don’t think you allow yourself to come to full realization of your situation as long as you can keep borrowing money.
It appears you go right to the edge, then someone lends you money and it’s right back to the same old bad habits.
Both you and your wife spend way too much money for your current situation. You are living far above your means and that is what lead you to having 140k+ debt on credit cards.
At some point nobody, not even your parents will loan you anymore money. What’s your plan then? What would you be doing right now if nobody bailed you out temporarily with $4k? They aren’t really helping you. They’re just enabling you.
I would never advise anyone to go BK. I won’t even do biz with anyone who has ever gone BK. But it’s inevitable that you will end up going BK because you have no plan to avoid it other than wishful thinking. You should be working 2 or 3 real jobs right now. Your wife should put her schooling on hold for a while and do the same. Not only will that cut down your debt but it will teach you a very important lesson. I know you’ll never amount to anything until you learn the value of hard work. It’s obvious that it’s eluded you thus far.
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annoyed
December 3rd, 2006 at 1:28 pm
PLEASE
PLEASE
PLEASE
ANSWER THE QUESTIONS PEOPLE ARE ASKING YOU.
WE ALL THINK YOU’RE INCAPABLE OF TRUTHFUL GROWTH.
PLEASE PROVE OTHERWISE.
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khyber
December 3rd, 2006 at 1:32 pm
Casey, who the hell lent you another 4k? Where do they stand the hierarchy of your many creditors when it comes to getting paid?
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Success_Laws
December 3rd, 2006 at 1:41 pm
Casey,
Stop focusing on what “hasn’t” or “won’t” happen. Stop thinking about what you “probably” will do or “should” do. Stop dwelling on commissions you haven’t made yet or wholesale deals that have not been (and probably will never be) completed. What is there that you can do right here, right now, that will allow you to move at least one step closer to getting out of your current situation?
As far as borrowing money…man, you need to get yourself on a beans and rice diet. Tighten your belt and throw every last penny you have at getting yourself back on track. No more Jamba Juice; no more purchasing things with credit cards and no more seminars or “guru” books. Oh, yeah…there’s not going to be a Christmas in the Serin home this year, either.
The journey of a thousand miles begins with a single step. So far, I haven’t seen you take that first step. You’re continually going backward.
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Sprezzatura
December 3rd, 2006 at 1:50 pm
re your wife: her credit is already toast. Why does she not know this yet? Have you been telling her the whole truth, or does she simply not want to hear it?
re this: “I must make serious money quickly somehow. That should probably be more important than trying to sell houses at this point.”
That is absolutely the opposite of what you ought to do. You need to unload those remaining houses ASAP if at all possible. The NODs have been filed on at least 2 of them and the clock is ticking.
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The Man
December 3rd, 2006 at 1:51 pm
The consensus here, and many of the people who have posted are actually experts in their field, is that you have already ruined her credit. With California being a community property state and her having signed on that one foreclosed house, her credit is already in the dump. I see that you have not yet poster her credit report. I would suggest that you do not. But I certainly suggest you pull it to see where it is at this point. I suspect her report is going to play catch-up soon and become very similar to yours.
Assuming that I am right on all of this, a bankruptcy is not going to hurt her that much. Not paying her credit card bills is not going to hurt her that much. Paying those balances is killing you. You are not going to be able to keep up with minimum payments of 2,500 a month, even with a decent job. Your prospects of getting a well paying job in the near future don’t seem that great either. I doubt you are going to make any money in real estate at any level anytime soon either. People with far greater experience and skill sets are having trouble now.
Haven’t you realised yet that your only option is bankruptcy? I would pull her credit report and have a serious discussion with her concerning bankruptcy. Your attitude of “I must keep my promises.” is swell. But you have signed up for a promise that is impossible for you to keep and it is going to be broken one way or the other.
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yawn
December 3rd, 2006 at 1:51 pm
YOU ARE A TROLL…boring boring boring….
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$2,500 a month CC payments needed
December 3rd, 2006 at 1:53 pm
Casey, I hoped you enjoyed the ride. Looks like the piper is asking to get paid.
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Blah-Blah
December 3rd, 2006 at 1:55 pm
Oh, whatever!
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Your wife's new boyfriend
December 3rd, 2006 at 1:57 pm
Ruin her credit?… She’s already toast, jackass.
If you think this “financial rollercoaster” is getting old for you; imagine how she must feel. At least you get attention, which you apparently need to carry on. She doesn’t get anything but a lazy, gay guy hanging around the house all day spouting off about sweet deals that never materialize.
You are the worse provider possible. You are a drain, a mooch, and a leach.
And yes, moron, she does read this. So do her parents and so do her friends. Please don’t lie to yourself. They have seen the divorce attorney as well. In fact, the divorce attorney has read your blog as well.
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Jill
December 3rd, 2006 at 2:11 pm
Another post with no staged photo. What good is getting up at 6am if you can’t spend 3 hours staging a photo?
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karelian
December 3rd, 2006 at 2:17 pm
I used to feel sorry for your wife, but I’m getting over it.
She must know by know that you have already broken your promise not to ruin her credit. It is already ruined. It just takes a couple of months for the end game to play out.
I cannot understand why she acts as an enabler here. Does she think you can keep taking stop-gap loans to cover the interest on previous loans? Does she think she can juggle the credit card debt until one of you land a 300 K job?
She might be more dangerous than Casey - she makes it possible for Casey to sink deeper into his delusional quagmire.
Could she be some sort of a demonic entity?
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Stan
December 3rd, 2006 at 2:19 pm
thought you mentioned you once did computer programing/web design. You should really get into that again. The pay is great these days while the thought of making real money in real estate is done for atleast 5-7 years. (I’ve been doing both since 1990)
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DrifterBee
December 3rd, 2006 at 2:21 pm
BK or check out opportunities in Nevada’s Brothel industry.
It’s been a fun ride Casey, but you’re about cooked.
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Rod
December 3rd, 2006 at 2:30 pm
Casey,
I don’t know what the point is in posting this, but you’re in denial. Declare bankruptcy and get on with your life.
Noone feels sorry for your anymore. You made a mistake, by trying to be greedy and get rich quick. Now you must start over. Focus on things in life that matter. You will probably lose your wife, too, because of your carelessness.
The saving grace is that you are young and can recover.
We’re all getting tired of your manic, immature ways. You made your bed, now sleep in it.
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GC
December 3rd, 2006 at 2:33 pm
Looks like waking up early two days in a row has at least allowed you to realize how screwed you are. Hmmm…actually, no. You still don’t seem to recognize how screwed you are.
You should declare bankruptcy, then join the military.
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Random Guy
December 3rd, 2006 at 2:36 pm
Casey,
Great post. If this blog is real and you do in fact have a wife, this post has shown that you have done an amazing job in covering up the severity of the situation you guys are in. Kudos. Outside of doing something very illegal, there is no way you can save her credit. It’s pointless to pretend at this point, but please do, without actually seeing her on this blog this whole thing is easier to enjoy because you’re more of a cartoon character and this is good a story. Seeing somebody really innocent get hurt from all this would kinda spoil the fun of it - unless she’s not as innocent as you make her sound, then by all means she should blog on your site as well, please! Not a ‘hater’, just some random guy watching a great tragedy play unfold. Keep up the good work!
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CK
December 3rd, 2006 at 2:44 pm
I don’t know if I should feel sorry for you or not.
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Jonas
December 3rd, 2006 at 2:46 pm
Casey, are you and your wife still “intimate”? Or has this pressure affected your intimate life in your marriage?
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scorpion fan
December 3rd, 2006 at 2:48 pm
Seeing as how you’ve already sunk your wife’s credit with a foreclosure that you promised wouldn’t happen (and which you could have avoided if you weren’t so busy gallivanting about with Rich Dad, PRLinkBiz & Co), what difference does (1) your word or (2) her credit make? Both are essentially dead.
Not to mention there’s no other way out of this mess. If anyone knew of a fast way for a person to make the $50k you think will save you, I doubt they’d tell you.
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Robert Coté
December 3rd, 2006 at 2:49 pm
Clearly you haven’t told her yet that you’ve already ruined her credit and she can never get a job at a reputable accounting firm. Is this because you are afraid? Don’t believe it is true? Procrastinating? Thinking that a miracle can unruin credit? Maybe you know it is true and are selfishly delaying until the last. The pressure was back in September. What you feel now is rapture of the deep. You are so far underwater that anything that would take you to the surface before running out of air would explode your lungs. This comes of hanging onto a fistful of boat anchors for the last three months.
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WTF
December 3rd, 2006 at 3:01 pm
Questions for you:
1. You cashed out over $100,000 from the houses you bought using liar loans, false appraisals, etc. Where is that money?
2. You charged over $140,000 on credit cards, where is that money?
3. You borrowed $3000 from a friend. How much do you owe him?
4. How much have you borrowed from family, friends?
5. What did you do with the rest of the insurance money?
6. WHOM did you borrow the $4000 from, and what where the terms?
Using my back of the envelope math, you took in almost $300,000 over the last year. I cannot imagine how you blew that all. Neither will the IRS or a bk judge.
One final thins stupid ass, your wife has a foreclosure on her credit reports. Her credit is TOAST. That is worse than a BK. But you have only been told that about a hundred times.
Man, this is getting OLD. Even as a marketing campaign it is stale and boring as hell. Your daily whining is pathetic. Look at the comments. Over 90% are basically, “you suck”, ” this is phony”, or, ” this is boring.” I believe as others have said, your 15 minutes have passed.
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Falcon
December 3rd, 2006 at 3:08 pm
Casey,
Despite your promise to your wife, I am afraid at this time you will have no choice but to reneg on that promise. I know you are attempting everything in your power to avoid the inevitable. But as many on this board have already stated, you are caught in a position whereby there is no escape. The housing market has turned sour and there is little more that can be done at this stage other than file for BK.
Believe me Casey, I had a front row seat for the dot com debacle and I similar behavior from individuals doing everything in their power to mitigate their losses. But it was to no avail. Had they simply exited from the situation and licked their wounds at that point, they would have ended up far less under water. But many I know took ever increasing risks hoping that some salvation would come and rescue them from their own folly. But it did not occur.
I see the same situation here with your investments. At this stage, filing for BK is your only way out. I realize that is not your desire but it is time to cut and run. Dragging this out further will just make things worse, not better. And remember, both you and your wife are young. Seven years later, your slate will be clean. And who knows, it may be the best thing that could happen to both of you. Because by denying you easy credit, you will both learn how to live well within your means. And trust me, it is possible.
I did not even get my first credit card until I was age 27. And it was secured which means I had money as collateral against it. You learn very good lessons when having to live well within your means. And you will be amazed how far ahead you can get with that philosophy. Credit is NOT your friend and there is no such thing as a good loan.
So listen to those on this forum: file for BK and move on with your life. You can still pursue a career in RE is that is your desire. But work towards learning the fundamentals before you dive into risky investments.
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R. Bonaly
December 3rd, 2006 at 3:09 pm
Casey,
If there was an easy way to make money, we would all do it. There are 4 billion people on the planet, close to a half a billion of them in the US.
They are all trying to make quick money.
There is no easy money.
It was time for you to give up and file bankruptcy a long time ago. You made a big bet and you lost more money than a lot of people make in their lifetime.
You and your wife have your whole life in front of you. If you don’t just hand in the keys, file bankruptcy and accept the hell that comes with it you are just creating a life of pain for yourself. Decades of pain. Take the hit now and then don’t borrow any more money from anyone else.
And next time, don’t try to get rick quick. Work a job. Ignore the idiots who says “jobs are for suckers”. Listening to idiots like that is for suckers. They just say that because they want your money and they know it sells.
Live a simple life. Make bets where you can afford to lose. And don’t borrow any money.
You’ve already failed your wife. You are failing her worse by digging the whole deeper. You need to get out of this and walk. You can’t fix it. It is over.
And here is the solution to fix your financial future.
Let your wife handle your finances. You appear incapable of doing so. This is not a slam on you, it is an honest piece of advice.
I, myself, have lots of things I am not good at. I know I am not good at them because when I try to do them, I blow it. Or I do it worse than someone else could. So, I have other people do those things.
You are no good at making or saving money. Take a job, make money and then give it to your wife.
If you just give up now, file bankrupcy, turn in the keys, accept whatever fallout there is and then work a job and let your wife handle your finances…
you will get out of this. If you do anything else, you are just going to make everyone around you miserable including yourself.
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just a question
December 3rd, 2006 at 3:10 pm
if you divorce your wife and assume the liabilites, her credit would be protected other than the credit card debt in her name. Then you could BK, get remarried.
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Time to Get Real
December 3rd, 2006 at 3:39 pm
“I must make serious money quickly somehow. That should probably be more important than trying to sell houses at this point.”
You still just don’t get it - you’re still in denial.
You don’t have the skills nor backlog of qualified opportunities to make serious money - especially quickly.
But, I’d agree that making whatever money you can should take priority over trying to market your POS houses in December and January.
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Sputnik_the_Cat
December 3rd, 2006 at 3:43 pm
Aaaaaack!
Ya know, this reminds me of the time I was stuck up that big tree…the one in the backyard of this house where two pit bulls live.
Thhhhppttt!
That didn’t turn out well. This won’t either…
S_t_C
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Time to Get Real
December 3rd, 2006 at 3:46 pm
From the tone of your post, and the absence of moderation today, it sounds like your wife has about had it with you and your situation.
But, from your comment “She will not let me ruin her credit though” - it sounds like she doesn’t get it either and is also in denial.
Does she not understand the impact on her credit and chosen career of one foreclosure to date and certainly 1 or more additional to come?
I’m now questioning her financial savvy.
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Bud Fox
December 3rd, 2006 at 3:50 pm
Given that your minimum payments went up 150% I’m guessing that you missed a few payments and wound up going to the default rate. Totally genius. By the way, remember when you were said working a second job would be a waste of your time? Well, I just got $600 (after taxes) from my second job this month and I only work there 10 hours a week.
I make a decent salary from my main job ($70K) but work an extra 10 hours a week in the evening to pay down medical debt and for a “nest egg.” If I owed what you owe I’d either bk out or stop sleeping and work three or four jobs. You will not get out of this without your credit and your wife’s credit being ruined.
What happened to all of the “sweet real estate” deals? Did reality finally set it?
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laughing my a$$ off
December 3rd, 2006 at 3:58 pm
Welcome to the real world. I hate my job, but accepted long ago that in order to meet my responsibilities to my wife and children I have to do it. We all would like that “lots of money quick with no effort” route, but sometimes you just gotta take comfortable. Sometimes in life you just have to admit that you just can’t do something. Personally, I think you are beyond any point of redemption or maintaining dignity. You are just pathetic. I have no great words of wisdom for you. I just reflect on what one of your more financially savvy posters said at the beginning of the abortion you are calling your life, “You can’t borrow your way out of debt”. True, I too learned that the hard way, BUT I DID LEARN ! ! ! And NOT 2.2 million dollars later ! ! ! Have fun living in that sweet Jetta of your’s ! !! LOOSER!
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joe schmo
December 3rd, 2006 at 4:23 pm
I thought your wife was in school? Why do you say she has no education, is she dropping out?
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Unbelievable
December 3rd, 2006 at 4:27 pm
“She will not let me ruin her credit though. I promised her at the beginning that no matter what happens I will not let that happen. That was the only way she would let me use her credit for real estate deals. She is right. I must keep my promises”.
ITS TOO LATE FOR THAT CASEY
“She asked me if I have a plan for getting us into some stability. The base salary with Chris doesn’t cut it. Almost three years of marriage on a financial rollercoaster is getting old. I told her that I am not sure”
THE BASE SALARY WITH CHRIS IS BETTER THAN NOTHING. YOU HAVE HAD MONTHS TO FORMULATE A “PLAN” AND A LOT OF GOOD SUGGESTIONS FROM PEOPLE RESPONDING TO YOUR BLOG. WHY DON’T YOU HAVE A PLAN AFTER ALL THIS TIME ?
“There are severals possabilities but nothing solid yet. I can make some commission but that hasn’t happened yet. I can do some wholesaling but that hasn’t happened yet either”
YOU HAVE TO MAKE THINGS HAPPEN, THEY DON’T JUST “HAPPEN” ON THEIR OWN. WHAT HAVE YOU DONE TO MAKE IT HAPPEN CASEY ?
“She is starting a job in January but it doesn’t pay much since she has no education. That will help but it`s not enough”
AT LEAST SHE IS WILLING TO WORK WHICH IS MORE THAN I CAN SAY FOR YOU.
“I must make serious money quickly somehow. That should probably be more important than trying to sell houses at this point”
AHEM, YOU NEED TO MAKE SELLING THE HOUSES THAT YOU ALREADY BOUGHT A PRIORITY. SERIOUSLY.
“I feel like I am in a slow pressure cooker and the temperature is increasing”
WELL BOO-HOO, I GUESS SO. STOP BEING SO WHINEY. NITWIT.
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Dan Riba
December 3rd, 2006 at 4:32 pm
I been hangin’ here all weekend. Don’t laugh. I know people who watch professional wrestling and soap operas.
Sincere post? Who knows.
If so - bankruptxcy is your only real option, and you’ve already tanked your wife’s credit. File for BR. You marriage will probably end sooner than later. It will be a hard lesson.
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Astro Zombie
December 3rd, 2006 at 4:58 pm
Yes the pressure is increasing and it will only get worse. Move into one of your houses and start making payments. File for bankruptcy and let the bank take back the other houses. Your credit and your wife’s credit are already ruined so too late for that.
Keep the job with Chris for steady income and use the next three years to learn the market firsthand. Plan your comeback for 3-5 years from now.
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John
December 3rd, 2006 at 5:01 pm
First!
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Bill
December 3rd, 2006 at 5:09 pm
Casey:
Here is a plan to solve your problems.
Step 1 - Speak to a bankruptcy attorney. You need to see what is discharged in bankruptcy.
Step 2 - Assuming Step 1 is favorable, file bankruptcy
Step 3 - Get a job or 2 or 3. You use the word “workaholic” to describe yourself. Workaholics do not attempt to work nine to five. You need to buckle down and build up some capital. You can work a job or two and have plenty of time for your blog.
Step 4 - Live below your means.
Stop 5 - Repeat steps 3 and four for several years until you have some capital and stability.
Bill
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BoominInBoise
December 3rd, 2006 at 5:13 pm
GET. A. FREAKIN’. JOB.
Seriously Casey, do you actually read any of these posts? Think about it. Every time you turn around you need large buckets of money. You’ve tried the get-rich-quick-scam route, and it didn’t work. I feel for you. I tried several of them when I was young too. They don’t work. If they did, wouldn’t everyone be doing them?
No offense Casey, but you’re not smarter than everyone else, just somewhat more gullible.
Get a job, get some money coming in, and get rid of the houses.
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RB
December 3rd, 2006 at 5:21 pm
How do you sleep at night?
I can’t believe it took your wife THIS long to ask you if you have a plan! Did you show her your “Goals for December”??
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Coyote Investor
December 3rd, 2006 at 5:27 pm
Hmmm, you say in the first few lines that you had to borrow more money to pay the minimum on her cards as well as late fees and fees for going over her credit limit. It sounds like you are doing a decent and consistent job of destroying her credit already. So that promise is down the tubes. You need to sit down with a credit counselor and get everything out on the table so that you and your wife have a very clear and unambiguous understanding of where you are financially right now. Then you need to develop a plan with the counselor that you will be held accountable for following. Your wife may need some time by herself to figure out what she wants and what she is willing to endure to be with you Casey. Once it is all laid out she will realize the extent of your deceptions.
Some questions:
Have you met with a bankruptcy lawyer yet? What you want to do and what you must do may no longer match. Find out.
What about the property taxes on your houses?
What about your quarterly estimated taxes from the money you took back at closings?
What is happening to the New Mexico house?
Have you done any maintenance on any of the houses this month?
One thing you are beginning to understand, maybe, borrowing more money will not solve your problem of borrowing more money than you can pay back.
I sense that your pendulum has swung from a mood of elation and optimism to despair and defeat. Get help. Get help as soon as the doors open tomorrow.
Good luck.
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Time to Get Real
December 3rd, 2006 at 5:27 pm
Casey - although writing your “about” in the 1st person is an improvement, there is still a significant mistake in the 1st sentence. You say:
“I’m a 24 yr old real estate investor”.
Incorrect - you did not invest your own money in these properties.
You’re a “speculator”. And, you used others’ (banks’) money in your speculation.
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Wishful Thinker
December 3rd, 2006 at 5:43 pm
You’re a knucklehead.
What a hoot!
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dcguy
December 3rd, 2006 at 5:44 pm
dude
3 months ago you were advised get a job,
file for bankruptcy, mail in the underwater ones,
you were advised that to wait would just make
things worse and that your marriage was on the line.
You need a web design job, you need to file BK,
and if you are lucky you won’t be indicted and divorced
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Sac Realtor
December 3rd, 2006 at 5:46 pm
When Spring comes you can flip all the homes at a big profit. It is all the Bibble bloggers that are keeping prices down.
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Bibbity John Bobbity
December 3rd, 2006 at 5:47 pm
Casey, where did you borrow the $4K from? Is this from a personal friend? Family member? Are you subject to interest on it as well? Robbing Peter to pay Paul is only getting you in deeper and deeper. Did you quit your new day job? How on earth do you anticipate “getting rich quick” to pay down this debt? It isn’t possible, my friend. December will probably be a dead month for an home sales. You’re going to have MORE $$$ due in just a few weeks. I hope you can see the big picture here…..it ISN’T getting any better. Good luck.
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john smith
December 3rd, 2006 at 5:53 pm
Well I think you need to get on over to Jamba Juice and get a wheat grass shot with an orange banana juice chaser and think about your plan of action.
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Frank in SF
December 3rd, 2006 at 5:54 pm
Casey,
You’ve been in a pressure cooker well before you started this blog. You’ve heard enough here about where this is heading. I know the answer in nowhere but…Where are you going to make any real money now?
Reality is: The game is over! I don’t know how your wife’s credit is completely tied to you but I know that BK is your only way out. Sorry.
Real estate right now in the Bay is for those who need a place to live…the investment cycle here is very weak…Don’t see how it makes sense for an investor. It hasn’t in over a year and I believe it will remain so for at least another year.
The pressure in the cooker will not let up until you turn off the heat…get it?
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KW
December 3rd, 2006 at 5:55 pm
Uh… your wife wants to be an accountant, and she somehow thinks that you guys can get out of this mess without legal help/filing bankruptcy? With or without the lousy credit/legal issues that are inevitable at this point, her “la-la-land” mentality alone would render her terrible accountant material. Not to mention, she’s supposed to be in charge of your basic household finances, and refuses to see the reality of how dire your situation is? Christ, no wonder she hasn’t left yet; you two really WERE made for each other!
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Time to Get Real
December 3rd, 2006 at 6:03 pm
Short-term seasonal employment in retail could be part of the solution to your problem.
http://www.msnbc.msn.com/id/15989496/
“… a time when employers are having trouble finding people willing to work … how tight the labor market is … The U.S. unemployment rate is at a five-year low of 4.4 percent, making store staffing a special challenge this year, according to several labor and retail experts.”
You and your wife could both do this NOW - at least part-time. Why Not?
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Don't Drop The Soap
December 3rd, 2006 at 6:08 pm
I will repeat like others: GET A JOB, NO, GET MULTIPLE JOBS LIKE ALL OF US.
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Unreal
December 3rd, 2006 at 6:09 pm
“I feel like I am in a slow pressure cooker and the temperature is increasing”
You just NOW figuring that out?? Welcome to the world YOU created.
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Don't lie to the wifey
December 3rd, 2006 at 6:12 pm
Tell her the truth. You don’t have a plan. You’ve already ruined her credit. You’re going to BK and you know it. She’s going to BK along with you. The rollercoaster she’s been on for the last three years is about to turn into one of those free-fall simulation rides.
Forget about making serious money. Unless you’ve got blackmail worthy dirt on the likes of Donald Trump, then there’s no way you’re going to get enough serious money to get you out of your hole. Also don’t piddle around with the “severals possabilities.” What should be important is mitigating the damage that’s being done to your post-bankruptcy future.
On a positive note, thanks for not making another troll post.
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Unreal
December 3rd, 2006 at 6:14 pm
I followed one of the links on your site:
Recently, Casey Serin , a 24 year old young man, here in Sacramento who went to one of these “get rich seminars” is finding that the piper must be paid. He is learning a very valuable lesson…if it’s sounds too good to be true, it is. Casey finds himself in foreclosure. Casey thought he could turn property quickly and make a killing. Not so simple as he found out. Investors /sellers whose goal is to make money regardless of the law are committing fraud for profit. Casey Serin of Sacramento fits into this scenario.
http://www.sacramentorealestat.....al-estate/
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christiangustafson
December 3rd, 2006 at 6:16 pm
Hang in there, Casey! Don’t let the haters get you down!
You are the exemplar of a new way of living — pure raw flipper investment and living for sweet deals. The industrial and service economies are remnants of a dusty past; you alone dare to take us into a bold future of speculative personal finance. The haters are those of us who play it safe, put in our 40-50 hours in the cube farm, chip in to 401K, buy a few lame E*Trade CDs.
Marx dreamed that a working man could wake up, do his daily labor, read some philosophy, and maybe go fishing toward he close of the day. How quaint. You’ve done him so much better.
Future Americans will never want to make something, or do something, no, they’ll hedge an index or two, buy some options, flip an asset, and relax with a Jamba Juice. You may be destroyed in the end, Casey, but it’s the pioneers who take the damned arrows. You show us what we can be, the full potential of modern economic man.
Full speed ahead! 2007 is your year, sir!
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Jacks
December 3rd, 2006 at 6:23 pm
If you have been doing everything you can to “save” her credit why are there late and overlimit fees? This indicates her credit is already trashed by late pays and over-utilization. You guys have already let her credit go to hell. I am not a big fan of bankruptcy and there are different Pros and Cons to consider, but often someone’s credit can recover faster from a BK than trying to salvage credit that is already trashed ( probably for 7 years just from the current negatives).
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Mark
December 3rd, 2006 at 6:32 pm
I’m sorry to say but I think you’ve dug yourself into a hole and the longer you are delusional and see that the problem isn’t going to be solve itself… the worse it will get. Perhaps you should consider bankruptcy because one way or enough I think her credit will be ruined.
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Unbelievable
December 3rd, 2006 at 6:33 pm
I can’t wait to see how many comments you have after you open the floodgates.
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John M
December 3rd, 2006 at 6:42 pm
It was a slow pressure cooker months ago. The water has already boiled and there is nothing left, you just don’t know it yet.
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Richie Tatum
December 3rd, 2006 at 6:44 pm
If the pressure is risin’, then the heat is on, and that means that the market is a prime real estate sandwich waiting to be eaten. Smells like thanksgiving dinner, baby!
Make sure you’re subscribed to the Flipper Nation Podcast, ’cause we’re going to be eating prime real estate sandwiches all over the place. The main course may be done, but there are lots of scraps for late-comers. Episode #2 comes out on Tuesday!
Flipping is instinctual, and I have the instincts.
– Richie
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Jerry
December 3rd, 2006 at 6:44 pm
Is this why you can’t declare BK? Because she would be included in the BK?
Who did you borrow $4k from? Friend/family or a professional lender?
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Dave
December 3rd, 2006 at 6:57 pm
>> I promised her at the beginning that no matter what happens I will save her credit.
Son, your ego is writing checks your body can’t cash . . .
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Take Some Responsibilty
December 3rd, 2006 at 6:57 pm
Who here thinks that Casey’s wife is sticking around to get her credit card bills paid? If she is, she is going to be waiting a long, long time.
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bottomfeeder
December 3rd, 2006 at 7:10 pm
well casey if you know a way to make serious cash that is legal let me know.in fact 250 million other americans that make less than 50k a year would like to know also.
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David Askaripour
December 3rd, 2006 at 7:12 pm
Hey Casey,
Stay positive, dude. Stay focused on your goals and continue to do everything in your power to fulfill your dreams to sell those homes! The lesson you learn now are going to be with you for a life time. We’re rooting for you over at Mindpetals.com (http://mindpetals.com).
We are also young entrepreneurs such as yourself. So if you even need a boost of confidence, please stop by our network.
Keep on moving!
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Jozsibacsi
December 3rd, 2006 at 7:16 pm
Long ago, a storm was heading for the city of Quin’lat. Everyone took protection within the walls except one man who remained outside. Kahless went to him and asked what he was doing. “I am not afraid,” the man said. “I will not hide my face behind stone and mortar. I will stand before the wind and make it respect me.” Kahless honored his choice and went back inside. The next day, the storm came, and the man was killed, as the wind does not respect a fool. (TNG: “Rightful Heir”)
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thoughtidseenitall
December 3rd, 2006 at 7:16 pm
Who lent you $4,000?
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GRRREAT IDEA
December 3rd, 2006 at 7:19 pm
Artful move, Casey: Last month, $3,000 borrowed, $1,000 repaid. This month, $4,000 borrowed, $2,500 given to paying off interest on loans. Upshot: after two months, $6000 more owed. You will be back to being a $2 million debtor before too long.
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Chris Muniz
December 3rd, 2006 at 7:26 pm
Take the 4 grand, open up an account with a discount broker, put the 4 grand in SLV, put a trailing stop loss of 5% on the trade. You may be able to make some fast money, may go to 150 or 160 soon. Here is the thing, you can always sell a stock, because there is a market specialist who is required by law to buy your stock, that is the difference between the stock market and real estate, no one has to buy your overpriced debt/crap boxes, they are unwanted, not needed tax ridden junk. Just my humble opinion.
Read an article yesterday about houses in Pittsburgh selling for $10.00-$100.00, yes homes can go to 0, they are the most unsafe, unwise investments ever.
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UncleC
December 3rd, 2006 at 7:29 pm
@Casey: Online Sacramento County records show that Casey Serin transferred to [wife] two Sacramento County houses. Doesn’t this make her subject to foreclosure also?
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JOHNSON
December 3rd, 2006 at 7:33 pm
Curious…how did you get the extra 4 g’s?
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Nigel Swaby
December 3rd, 2006 at 7:33 pm
Casey,
You’re flip-flopping like John Kerry on a teeter-totter. Just yesterday you were preparing goals to sell houses. Today you’ve abandoned that and are now seeking income through a job.
Take a deep breath and slow down for a minute. Do you know how difficult digging out of this mess is? I think you’re now getting an idea. To try and avoid foreclosure on all these homes is highly improbable. Revisit some of the good advice you received a while ago and see how it applies now.
Your wife is not going to come out of this unscathed. She was a signer on the house that got foreclosed on. You need to have a heart to heart with her. You both need to understand that bankruptcy is the best option for you. I’ve seen people who have decent credit scores who’ve had bankruptcies. It’s not the end of the world. You’ll both be able to rebuild your credit once this $2.2 million gorilla is off your backs.
The sooner you do it is the better you’ll both be. If you had the money you need to get out of this up your butt, don’t you think you would have found it by now? (Reference: She would use as a quote, “I know that you can pull money out of your butt, you’ve done it before.” I think it’s kind of funny she puts it that way. We’ve had times of trouble in the past where we had a crisis and somehow we were able to get out of it.) It’s not there. This is just one battle in the war of life. Surrender now and live to fight another day. Keep fighting and you will lose everything that’s important to you.
I’m sorry it’s turned out this way for you. Other opportunities will present themselves because of this experience. Get rid of this gorilla and get on with your life.
Nigel
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Lachlan
December 3rd, 2006 at 7:38 pm
Entrepeneur? That’s pretty damn rich. Unlike you. If stupid was an easily harnessed alternate energy source, you’d be able to power half of Manhattan.
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Dman
December 3rd, 2006 at 7:39 pm
As time goes on I am really having a hard time buying all this. It’s like these posts are worded just right to make everyone continuously come back for more.
But anyways I’ll play along. Unless you get really lucky in something you aren’t going to be able to pull out of this. You should just declare bankruptcy and accept the credit damage. You’re still young, there is time to repair your credit. But this constant borrowing money to pay your current bills isn’t doing you any favors whatsoever. Heck I’m amazed people still lend you money. It should be obvious to them that they will never see it again.
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SpaceMonkey
December 3rd, 2006 at 7:49 pm
“She also expected for me to pay for college so she can finish her 4-year degree. Her parents were paying for it before but stopped as soon as she got married. I told her not to worry about it. I have it under control.”
…the hell? It sounds like, in addition to starting off your marriage with a load of debt, you also married a women with a huge entitlement complex. And you have no spine. Congratulations! What an awesome combination.
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Michael
December 3rd, 2006 at 7:50 pm
Society makes men feel pressured to want to give women the best financial impression possible, intentional or not, that they are financially successful. But this is really driven by women (generally) in the first place. I personally do not blame women because from an “evolutionary” point of view all they are the ones that have to have kids. Having money means that you can afford to give them the best for the best chance of success (but not over due it or else it will have the opposite effect I see this in West Los Angeles personally.
Do I give women the impression that I’m rich? Yea. Unintentionally…
I drive a Range Rover and I always wear a nice suit and tie when I’m working etc (not on my down time). I think perhaps this make some think I’m “successful” but I try to make it clear I’m not rich but I have potential. I don’t think I’m lying. Not at all. Everything is geared towards clients for business purposes. They can think what they want. I’m trying my best. Being an Entrepreneur is hell and the scariest part is you have a 90% chance of failing. Then you’re back on the same level as your neighbor who works 9-5 for a “paycheck” that has never taken a chance in his or her life. Just like that loser who called in when Casey was on the Forsaken Craft show. Uh oh I think I got off on a rant what was I talking about again?
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WTF
December 3rd, 2006 at 7:51 pm
“You see, I unintentionally gave her the impression that I was successful when we were dating.”
SHOCKING… the fact that you even lied to your soon to be WIFE. BWHAHAHAHA…… You are a LOOSER. If I were her father, I would take you out hunting………….
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Curiosity
December 3rd, 2006 at 7:52 pm
How do you unintentionally tell someone you’re successful?
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Phil
December 3rd, 2006 at 7:54 pm
Casey,
I think you need to bite the bullet and seek bankruptcy. You are just falling further and further into debt. I know it is a hard decision to make, but if you have any chance of saving your marriage, you need to make the hard decisions.
The market has turned and it is not coming back. You are unlikely to sell any of your houses. Perhaps working for the RE agent will open your eyes to this.
If I was you, I would be focussing on getting out of this situation with the wife’s credit as intact as possible. She is reaching her break point.
You may end up with no credit for a few years, but if you work hard you can get yourself out of this and back into a good situation by the time you are 30.
Good luck,
Phil
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Les
December 3rd, 2006 at 7:55 pm
Casey -
You just now feel like you are in a pressure cooker????? You should have felt like this back in July - or better yet, May.
I asked you over a week ago (when you were getting an advance from Chris) what your plan was come the first of the month when rent, utilities and other bills are due. You never responded or replied.
So here it is, December 3 - you still have no plan and are living large on the hardwork and efforts of others.
First - You really need to learn how to use a spreadsheet and create a budget. Do you have any idea what your monthly “burn” rate? If your wife is going to school to be an accountant, why is she not assisting you on this effort?
Is this latest loan ($4000) part of the “donation” you received from your parents that enabled you to purchase your wheat grass and jamba juice reward yesterday???
When will you stop depending on others and start doing anything and everything to pull yourself out of this mess. You looked down your nose at a seasonal job for UPS…. Are you more proud of begging and borrowing than doing an honest day’s work???
It’s nice your wife is starting a job in January - but that’s four weeks away… what’s she doing between now and then???? There are tons of seasonal jobs… sure they don’t pay much, but a little something is better than nothing.
One thing is clear Casey - we are getting tired of you. You have shown yourself to be a selfish and self-absorbed fraud and liar who has no idea or concept of what it means to work hard. You’ve not bothered to get an education, your work history is limited and sketchy.
One thing is clear, even after the houses are taken back by the bank and you’ve gone into BK… nothing will change. You will still attempt to “get rich quick” while living off the handouts of others…
I know I’m harsh - but you you need harsh….
In the meantime…. take a drive into San Franciso… go down to the Tenderloin and see how those with no money really live.
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Me
December 3rd, 2006 at 8:11 pm
Well, I have to hand it to you, Casey. It’s an innovative solution and I’m mildly surprised that most of your readers still don’t get it.
I don’t think you’ll make enough, though. I doubt if you can even maintain existing traffic, but you should be able to produce a finale spike that surpasses the all-time peak. I estimate you can might make it last two months.
So…. at $2k per month for Dec, Jan, Feb.
And figure $5K for Mar, Apr.
And you may be able to milk a couple more months after the finale.
So, you’re still looking at… what… perhaps $25K total.
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Amazed
December 3rd, 2006 at 8:18 pm
Casey,
I just don’t know what to say. Unless this whole thing is made up, I truly am amazed at how much of a disaster you and your life are.
You lied to your wife before you married her, you lied after you married her. You lied to buy a bunch of houses, committing fraud. I am having a hard time having the tiniest bit of sympathy for you. I hate to say it, but you really deserve to lose everything, including your wife. You don’t deserve her, and she doesn’t deserve a lying deceitful husband like you.
You don’t seem to get it. All these people on your blog have been giving you good advice for months, which you ignore. How much time have you wasted now? You probably could have been out of this mess by now, and rebuilding a life for you and your wife. Instead you keep looking for the quick easy way out, dragging this thing out, putting your wife through even more misery.
The best thing that can happen is for you to lose it all, to teach you a very valuable lesson. Only then will you realize the magnitude of what you did, and will never do it again. Because if someone were to come along and rescue you, or you happen to get lucky through one of your idiotic schemes, it would just reinforce your unrealistice view of how the world works.
Granted some of this can be blamed on youthful ignorance, but not all of it. You have some serious character flaws which need to be fixed, and until they are, you will continue to keep screwing up your life, and even worse, your wife’s life. That is the part that amazes me the most. Your total self-absorbed, ego driven desire to get rich quick and easy, to be a big shot, to be right, to be a hero, to get attention, is destroying your marriage, yet you don’t even seem to realize it.
Your wife has tolerated and endured more than most spouses would up to this point, but even she has her breaking point. Ruining your financial lives is one thing, but lying and deceiving your wife will do the most damage. No marriage can survive and be healthy once the trust is gone.
I’m sure you will dismiss my view, as well as all the others who have sincerely tried to assist you here. That’s fine, eventually we all get what we deserve…
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Unbelievable
December 3rd, 2006 at 8:26 pm
There are some “SWEET DEALS” here Casey
http://www.tenderloin.net/Clet.....state.html
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Bank
December 3rd, 2006 at 8:38 pm
Trust me, your wife’s credit are lower than 500 now, run ur wife’s credit report thru a loan agent.
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Impeccable_ARSE
December 3rd, 2006 at 8:40 pm
You know what’s cool?
Your wife signed those papers, too. Not only is she going to prison too, but she’ll never be able to work as a CPA because of the criminal conviction.
If she kicks you out, be sure and let me know. My hubby and I need a cabana boy, and unlike that siberian husky, we know how to treat a hot boi.
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I don't buy it
December 3rd, 2006 at 8:42 pm
I don’t buy it for a minute. But let’s suppose for a minute your story is true.
You know that you are in big denial if you promise to the lender that he/she gets any of his/her money back.
Ya know, even if you pay someone back before the lights go out (BK), it will be reversed in bankruptcy by the court. Unless you can wait for another year before you file. Nah. Didn’t think so.
You are taking money from whoever still likes you (or feels obligated to support you) - and there is NO WAY of giving it back. I hope you didn’t pretend you’re a hot shot like you did with your wife, you fake.
You are so despicable. And please don’t argue that your intentions were good and you don’t understand why everyone “hates” on you for that. We just don’t buy it anymore.
Gosh. The more I read your stuff (and my response) the more I think you are trolling us GOOD. And you will probably just laugh your ass off at my response. Oh well, I wrote it - might as well submit it.
Here is something that you might understand, and maybe a motivation for you to do the right thing: If you file for BK, I will donate $5 to your tip jar. For your wife’s sake. Think of how much money you can make if more people like me will give you an incentive. And you get to keep the money because you will earn it after you file. I on the other hand will have the certainty that you and your situation are real.
How about it?
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Roberto
December 3rd, 2006 at 8:51 pm
Save the marriage and health. Declare bankruptcy and start a clean slate. Get a stable a job and buy a house to live on this time and then build an empire from there.
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She Made Me Do It!
December 3rd, 2006 at 8:53 pm
Just figure it out. Casey your wife is the problem. She expected you to provide all this stuff and pressured you into coming up with ways to make it happen fast.
She is not a victim here. Maybe you are. Women have been hanging men since Adam and Eve. Think about it.
Give her the boot she deserves.
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You are ok
December 3rd, 2006 at 8:54 pm
Why is everyone acting like a 24 yr can have cognitive thoughts? Not possible. Why does everyone kick you when you are down Casey? Why do people bother posting when they have nothing to say but mean things.
He screwed up sure, but he is still a kid. He was scammed by the RE professionals. He didn’t know how to do a flip. Bk is rampant across the country. In some counties, as much as 2500 houses are in default. Lenders hungry to do a deal, turned a blind eye to the red flags during the boom. Maybe he doesn’t want to do Bk until all the houses are foreclosed? BK will stop foreclosure of the houses and prolong the agony.
I think Casey is numb with shock on a daily basis and unable to make any kind of decisions. Remember what it was like to be 24? Very few 24 yr olds have the capacity to think things through and have little concept of the consequences of their actions even when they are deep into it.
It doesn’t matter what anyone says or how upset you get with him. He cannot get out of this mess when people are kicking him down. This is no picnic. Casey must feel horrible. His whole world is crumbling regardless of the way it has come down. Where is your compassion?
I know, you think that lecturing will help. NOT. The people on this blog are shocked that this is publicized. It is that 24 year old thing again. The medical field says it is not until a person is 28 that they can really foresee the consequences of their actions because their brain is not completely formed.
If everyone gave a dollar to Casey, he might feel well enough to think straight. Of course, if the bloggers here stopped arguing, the site would fade.
It’s Christmas. We’ve all lectured, yelled and puked on this blog. So, let’s just be supportive instead of kicking someone when they are down.
And by the way, those houses you bought Casey looked decent to me and I have rehabbed a ton of houses
successfully. But the mean people keep calling your houses ugly names.
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UncleC
December 3rd, 2006 at 8:55 pm
@Casey: Stop paying those CC bills (and all your other bills except utilites) and start hoarding cash. Maybe get a safe deposit box or buy travelers checks for the theft/loss safety. Prepaid debit cards are ok but have high fees. In other words, think “cash only” from now on, until after the BK.
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Linda Proctor
December 3rd, 2006 at 8:59 pm
Tell your wife it’s time to play grown-up. If she’s still in love with you, it’s time for her to get out of her “but you promised me” delusion and face the music. You BOTH need to see a bankruptcy lawyer asap and you BOTH need to get REAL jobs. Let her continue her education in the evening - like millions of other people do. You and your wife have NO choice. It is already out of your hands. The sooner you declare bankruptcy - the better.
End the fiasco NOW. Face the consequences NOW. The only reason you claim to want to do the “admirable” thing is because you’re between a rock and a hard place and thought you’d give it one last try in the hopes some stupid monied schmuck(s) would feel sorry enough for you to help you out. All you’ve really accomplished is digging your grave a little deeper
Cut the crap, do as I suggest, and stop this bullshit blog.
Enough of this stupid blog and your total bullshit.
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Pathetic
December 3rd, 2006 at 9:06 pm
You’re both pathetic. You for lying to her before and during your marriage. Her for putting up with it and believing your lies even after she knows you’re a liar.
You deserve each other and the steam train that’s about to flatten you.
You’ll never change - you’ll be chasing one ‘get rich quick, no need to work hard’ scam/con after another for the rest of your life.
You disgust me.
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Easy Living
December 3rd, 2006 at 9:11 pm
Her parents were paying for college before you got married. You’ve been married almost 3 years.
So, she should be almost out of college, right? And her 3+ years of college should have given her reasonable financial skills, right?
So, she should have acting as your CFO, right? How could she possibly not have known what was happening, that it was wrong, and that it would have disasterous consequences?
This story doesn’t sound right. What am I missing?
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whoknows
December 3rd, 2006 at 9:17 pm
you need to read about dave ramsey. He was in better shape, but also lost it all. He did manage to learn the lesson, though; www.daveramsey.com. He now teaches others this lesson, for free, on the radio.
i wonder how many classes you will take before learning the lesson?
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Joey Bobo
December 3rd, 2006 at 9:24 pm
You’d better visit a bankruptcy attorney this week. Your basic expenses jumped from 3k to 4k a month, and will continue to jump the more you procrastinate.
Spill your guts to the lawyer, pay whatever fee he wants. I don’t know how it works in California, but maybe you can find some community organization to get some pro bono legal work for you. You’re an Uzbeki, right? I’m sure there are some organizations. There is no shame in admitting you need serious help.
When you see the bankruptcy lawyer, GO WITH YOUR WIFE. She probably thinks you’re a lying sack of shit, so let her hear the lawyers prognosis with her own ears.
Her credit is DESTROYED, and will get worse. Just tell her the truth.
She is willing to reap the rewards if you were smart enough to time the real estate market correctly… she should be willing to reap the pain of your miscalculations.
If she can’t, then you don’t need a woman like that by your side. She will only bring you down in the future.
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Don't Drop The Soap
December 3rd, 2006 at 9:25 pm
Casey, do NOT listen to the negative people here.
You need a guru to get you out of your mess. A guru will make all well again plus more. A guru will wave the magic wand and you will have millions in the bank.
Now, back to reality. Casey, are you saying that you screwed your wife in more ways than one?
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frank
December 3rd, 2006 at 9:26 pm
The only true honorable thing to do at this point is to buy a .50 cal smith and wesson, one bullet and blow what little gray matter is in your head all over the stupid ball you sit on….preferably in front of your wife as she walks through the door. Maybe you can video tape it and have someone sell copies of the footage…id pay to see you do one thing right at least…
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Certainty
December 3rd, 2006 at 9:26 pm
By the way, a woman will stay with a man until they feel they can jump on another train that is going in a better direction.
Right now it kills her that your train doesn’t know where it is going.
Also, woman NEED certainty. Right now you are not giving it to her at all.
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Jerry
December 3rd, 2006 at 9:34 pm
I’m beginning to wonder if these latest escapades are made up… How can one person screw up time and time again? It’s like Casey knows what buttons to push on us to get floods of replies coming in…
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Phillip Kaplan
December 3rd, 2006 at 9:49 pm
Dear Mrs. Serin,
I know you’ve already made your decision to leave this loser, but you must be asking yourself “which branch to I grab onto while I let loose of this one?”
I am that man, Mrs. Serin. I am a multimillionaire, with a very successful internet business, with a house on both coasts, a real job and a running automobile. I currently reside in San Francisco. I am a real man. Are you ready for a REAL man? Give me a buzz.
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Kerriella
December 3rd, 2006 at 9:57 pm
*******PLEASE READ THIS POST CASEY*********
I am floored that only 2 out of 90 posts have addressed the fact that you lied to your wife before even marrying her, lied to her the minute you were married and have lied every moment since. Casey, you must be extremely good at covering your tracks. I really hope for your wife’s sake that she IS reading your blog. I feel so badly for her. When everything does finally come out into the open she is going to be reeling.
Casey, do you know how to tell the truth? Unfortunately I have a brother that also is a consumate liar. My family has gotten to the point that anything, even the mundane, that he tells us we take with a grain of salt.
I have doubted your honesty for quite some time now but this latest post only confirms that you are the king of liars. If you can lie unflinchingly to your wife for more than 3 years the way you have then how could we, your readers, expect anything you say to be true?
You haven’t learned anything the last 3 months. I doubt very seriously that you even read the responses that people leave that are actually still trying to help. You sure never read any of the ones that could have been a great help in the past unless they encouraged your fantasy of getting rich quick or fed your over inflated ego.
I feel so sorry for your wife. She doesn’t deserve any of this. If at anytime you have ever cared for her you have GOT to come clean with the poor woman and reveal everything.
Of everything you have lost or are going to lose (your homes, your credit, maybe even your freedom) I truly believe that you MUST do the right thing by your wife even if it means losing her as well. I just can’t believe that she would stay with you after learning that she has been lied too since the day she met you. EVEN if it means she leaves you, you HAVE to do right by her and be honest about all your lies because she DOESN’T deserve any of this.
PLEASE Casey, do this one thing right. PLEASE!!!!!
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REOleads
December 3rd, 2006 at 10:06 pm
There sure are some really mean spirited people posting here. Talk about kicking a man while he is down. This is my first comment here, actually on any blog. Yea it is his fault where he is at, but come on, they poor guys marriage is on the rocks. Thats tough.
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Soil Erosion in my undies
December 3rd, 2006 at 10:06 pm
T- the maccaroni grill?
R- real estate retard.
O- overzelous chowderhead.
L- liar liar pants on fire!
L- lend me a dollar so I can by guru books and wheatgrass.
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Foreclosure and credit
December 3rd, 2006 at 10:17 pm
links from Technorati Original post: The Pressure is Increasing by at Google Blog Search: foreclosure and credit Blog tag: Foreclosure and credit Technorati tag: Foreclosure and credit
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speechless
December 3rd, 2006 at 10:32 pm
some insights:
- you are patronizing to your wife (”I promised I would take care of her”); that doesn’t sound like an equal partnership
- you have lied to her about your finances (even if it’s just withholding important information)
- she probably has no self-esteem beause she is still with you, or she is not very smart if she is only realizing now what she’s gotten into
- someone should be made Power of Attorney on your behalf, because you are clearly incapable of making sound financial decisions - and she has not taken control over the household finances either, and clearly has credit card debt, so she may not be capable herself
Your urgency to “make serious money somehow” is exactly how people spin deeper and deeper into a life of crime. There is no honest way for you at this point in time and in this real estate market to make a lot of money quickly. But you don’t learn, do you.
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Dokala
December 3rd, 2006 at 10:34 pm
Kerriella… I think 90 posts were up, but not moderated, before Casey edited his entry to not the lying to his wife part.
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Anomalous Blowhard
December 3rd, 2006 at 10:49 pm
Time to get real: “Short-term seasonal employment in retail could be part of the solution to your problem.”
That’s a good point. There’s money to be made in that line of work. I used to clear $400-$475/week pre-tax working nights at Target during this season. That was a good 5 or so years back, in a cheaper area than where Casey is. If Casey & his wife both got jobs like that, they’ll bring in 3-4k a month or more before taxes on top of what Casey makes at his day job. That’s enough to cover Mrs. Serin’s minimums or save one of the houses.
Casey, before you decide that you can’t work a job like that and your day job, let me point out that about half of my co-workers were Mexican immigrants who did just that. They didn’t work any cushy desk job during the day, either. If they can work 16 hours a day on 4 hours sleep, so can you. Regular drip coffee is cheap and it’ll keep you awake for your day job.
- AB, who works a cushy desk job these days but still remembers
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wikifortune.com
December 3rd, 2006 at 10:50 pm
Okay Casey sir, these are the steps you need to take NOW
1 - Go to a bankruptcy lawyer and ask if your wife can be pardoned. See if you can get all the shitload of debt ALL BY YOURSELF excluding your wife.
2 - File for bankrtupcy
3 - File for divorce
4 - Go out with her, but don’t be living a married life.
5 - Grow up
6 - Make a huge comeback and marry her again!
7 - HAVE A HAPPY ENDING
There you have it sir.
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Jilly
December 3rd, 2006 at 11:02 pm
Casey, I can’t take it anymore. I’ll buy all of your properties.
Just kidding!
Hey, you got allot a hits on this one. See, I told you - we need drama - not all that Tim number crunching common sense mubo jumbo stuff. We’re way way beyond that.
Are you going to do the Vegas thing now? Oh man I hope so. I can’t wait!!
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God Helps those who help themselves
December 3rd, 2006 at 11:07 pm
Get a job for real. You and your wife.
If I was in your wife’s situation I would have 4 jobs. If I was in your situation, I would also have 4 jobs.
Working in Real Estate as a wholesale buyer doesn’t count.
Waiting tables can make you $2,000 a week- working a double shift everyday.
$2,000 x 4 weeks = $8,000 a month.
X 2 people = $16,000 a month.
NO TAXES
F*** school right now. Fix your problem.
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star
December 3rd, 2006 at 11:15 pm
I don’t have much sympathy for Caseys wife. She sounds as screwed up as he is. If she’s unaware of her credit standing, that’s on her. Given the situation, she should have already checked it out. In fact, being a “CPA in training” and all she should have been on top of every single financial event that’s happened.
As far as her “expecting” someone, whether her parents or Casey to pay for her education, that tells me that she’s just as lazy as Casey.
What is she bringing to the marriage? It doesn’t sound like much. Casey might be better off without her.
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star
December 3rd, 2006 at 11:25 pm
re: “24 is still a kid”
Maybe you were and Casey is but there are many people out there 24 and younger that are fully responsible and mature adults. Many of them have kids, homes, businesses, etc.
If a person isn’t an adult by 18, their parents didn’t teach them well enough.
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She Made Me Do It!
December 3rd, 2006 at 11:35 pm
Of course she stuck around despite his lies. Just look at this boy. He’s incredibly handsome with magnetic eyes. I’d let him lie to me for a while too. Just yummy. But it don’t pay the bills. Obviously!
I wonder how many keep coming back because Casey is beautiful. I know that’s one main reason I keep coming back.
Casey lie to me all you want, just do me!
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wealthyboomer
December 3rd, 2006 at 11:37 pm
Bankruptcy could be interesting for the people who bought your homes under a wrap-around. Many lenders have a policy of calling in the mortgage on Bankruptcy. Suddenly those people could be finding themselves homeless and out all that money they have been paying.
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Pitag
December 3rd, 2006 at 11:38 pm
Well, Casey, this is my second post.
This situation with your wife was inevitable.
Look in the mirror.
Look at your posts and your situation from an external perspective.
What is she supposed to think?
What is she supposed to do?
I’m really sorry to say this, but you have failed her. She deserves better, no matter what kind of person she is.
Whether you admit it to yourself or not (and I’m sorry to be so direct, but it’s true), you are:
A) A liar (loans and lack of honesty to your wife and others)
B) A hypocrite (your version of “Christianity” is what Jesus referred to when he talked about the “lukewarm believers”)
C) A fool (spending money on JJ, SBUX, and eating out while incurring overdraft fees when you are 2 MIL in debt)
You have failed as a husband, a Christian, and a man. Until you TAKE ACTION to change that, you CONTINUE TO FAIL.
Given your history, I doubt you will change.
I challenge you to prove me wrong, for your own good.
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Alex
December 3rd, 2006 at 11:43 pm
Casey,
One thing you are successful is that you have attracted lots of public attention to this blog.
Like reality TV, people like to see people screw up. Sorry, but it is true.
Try to learn from how the network TV makes millions of dollars from airing those reality TV shows…?
Advertising money!
Start seeking potential companies (mortgage brokers, foreclosure consultants, or even companies out of the RE field) to pay serious money advertising on your blog space.
With web traffic like your blog, you can possibility make thousands of dollars each month on this, may be even more.
Frankly, lots of people are hooked to visit your website, to see how your story unfolds. It is a proven website that attracts traffic, and is a key to sell advertising for serious money.
Sad but true, the more your screw up, the more people would want to visit your blog, and the more money you can ask for advertising on your blog.
P.S. Also consider selling the publising right of your story. Yours could be a classic story of the big 2006 Real Estate / Mortgage Bubble down the history. If you do it right, it will get you out of this whole financial mess. Not easy, but possible.
Best luck,
- Alex.
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Anomalous Blowhard
December 3rd, 2006 at 11:45 pm
Frank, I can’t belive you’re giving such terrible advice.
Smith & Wesson doesn’t make a .50.
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Honestly Wondering
December 3rd, 2006 at 11:50 pm
Okay, Casey, this is what you need to do now:
1. Definitely get the wife pregnant ASAP. Tell her that the two of you need to work on your relationship, and just don’t mention that you poked a hole in the condom. Once she’s in her “delicate condition”, pass it off as immaculate conception (she’ll buy it). It’ll make it that much harder for her sister to throw you out.
2. Write all the banks and tell them that foreclosing on your houses violates your constitutional rights, and that countless generations have labored and fought to secure those rights, and by even suggesting that such a thing could happen, they are desecrating their memories. Liberally quote from the Good News Bible. Use lots of exclamation points, and make sure the letter is at least three or four pages long. It’ll take them a while to stop laughing, so it could buy you some time.
3. Start your own religion. They take a while to get going, but once there, it’s the easiest way to make a fortune in America. And you’re certainly in the right place to do it. Include Jamba Juice, the blue ball, photoshopping and liar loans. Claim that your new kid (from #1) is the promised Messiah Of Sweet Deals.
4. Hold your breath for a really long time. Yeah, you’ll start getting dizzy and all, but that’s just your spirit trying to lead you to blessings. Hang tough and keep doing it until you get visions. The visions shall lead you The Plan you seek.
Everything you need, right here. Can’t loose.
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Janet Reno
December 4th, 2006 at 12:07 am
I can help. Just give me those addresses and my ATF friends and I will take care of those properties for you!
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serious_doubts
December 4th, 2006 at 12:40 am
Each day you are posting more and more bombastic posts. That have a calculated effect, on
getting readers , predictably more upset. Some, including me are slightly incredulous, on the
authenticity of your situation at this point. However, some readers have gleaned real Sacramento county estate transactions
from (presumably the Sacramento Bee), that seem to lend some credence to your story.
No matter, if your intent at this point is to predictably get your audience disturbed, and generate resulting web traffic, I guess
you are succeeding at some level
The term “train wreck” is used metaphorically to describe something distasteful or disastrous,
yet inevitable, or something distasteful yet compelling in some form (”You don’t want to stare, but you just can’t look away”).
Your click stream google ad supported audience at this point appears to be largely built upon reading,
and anticipation the forth coming disaster.
If you are truly sincere, in your open plea for advise. Here is some back of the envelope suggestions
In the relative short term
Market absorption rate for the Rio Rancho property is going to be long term
http://www.abqtrib.com/news/20.....rket-baby/
According the Albuquerque Tribune, your are in trouble, its a nice property, but you need to drop at least
75K off the selling price, perhaps as high as 100K, it will hurt, but you could avoid foreclosure.
Selling properties during the holidays, is very difficult, if you can hold on till mid January, you may get some activity, at the begiinignof the ne year
with such an aggresive price reuction.
The Muncy property is in good condition, however you need to drop the price as well, to probably 285K, to get an offer in
Central Valleyat this point, again this is a weak time of the year to sell, but you have lost your ability to hold out for
an opportune time to sell.
The Larchmont property is in such poor shape, and you do not have the means to finish it, I think your only option is
to allow foreclosure, I honesty cannot see you getting more than 255K on this property, trying to avoid using colorful descriptions, it is not an
aesthetically appealing property. In it’s present condition
only RE investors, are going to see past the poor interior state, you will take a big hit on this one.
The Burdett Sacramento property has little appeal, the neighbor hood looks pleasant enough, but I doubt you will
go through a closing with a sale price of more than 235K.
Perhaps you could look at donating the property to a local charity, i.e. church group at this point, and use it to offset your taxes on some of your
other California properties.
I can’t see you going through with these -only possible suggestions, without going into a deficit
of at least 160-240K. That is a shame, but you are relatively young, at that point you could
work on packaging such a debt, or proceed with bankruptcy. in 7 years you will be 31, and you could start again presumably, with the knowledge
of this unfortunate experience.
Put this behind you, work with your wife, work on your marriage, find a low key occupation that will keep you mind off real estate
for at least 2-3years, at least until the next administration is elected, that’s how longs this bad spell could last - minimum.
Simplify your life, find something simple and healthy to occupy your time, i.e. cycling
great cycling in Sacramento the Davis Double woot! and good luck!
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The Learning Curve by Muckdog
December 4th, 2006 at 12:53 am
links from Technoratithe Treasury is unlikely to be able to repay that money. The sell signal is still on over at Jason’s.Michelle Malkin on Bypassing Internet Censors. And Michelle has a video up on Hot Air about Britney Spears. Ahem.Over at I am Facing Foreclosure, the pressure mounts on Casey Serin.Can 600 Economists All be Wrong? From Greg Mankiw on raising the minimum wage.
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Sac Realtor's Mama
December 4th, 2006 at 12:59 am
Honey, you forgot to take your ritalin again this morning. You know what the doctor told you about posting on the interweb without taking your medicine.
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Me
December 4th, 2006 at 1:37 am
Damn. It’s amazing. Nobody gets it yet.
Casey, you’re lucky. You’ve got a boatload of self-involved readers that couldn’t find the door out of a burning theater. :)
Awesome.
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Khyber
December 4th, 2006 at 3:25 am
Can somebody who knows something about foreclosure educate me a little on how it works in the US. Say, Casey owes the bank $400,000 and has one of his houses foreclosed. If the bank only gets $300,000 for the house do they still come after Casey for the remaining 100 grand?
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mejustme
December 4th, 2006 at 3:41 am
First: Your wife acts like a child.
First her parents pay for her education. Then she just “expects” that you will pay for it? Hello?!? Are you her husband or her dad? If she wants to be a child, she should have stayed living at home. But she’s an adult married woman, and if she wants a career, she can work or borrow or earn scholarships to pay for her education. Like everyone else does!
And that was three years ago you got married, so she’s been in school a good four years I assume, and she’s still in community college? What is her problem?
Secondly: You call what you have a marriage?
You don’t even communicate and share. That ain’t no kind of marriage. Are you a team? Nope. She expects you to “daddy” her and you are not up to the challenge.
You “unintentionally” led her to believe you were successful? She thought you could afford to quit working because you were some kind of RE mogul and you did nothing to disabuse her of the notion. You made, what, $35K from that sale? Some big-time mogul! Shame, shame. You don’t have a marriage. You have another scam going.
Third: Declared or not, you are bankrupt.
Your liabilities exceed your assets. By a whooooole lot. You are insolvent. If you are lucky, one of your creditors will declare you BK. Are you aware you don’t have to be the one to declare it?
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A Friend
December 4th, 2006 at 5:46 am
Everyone is feeling sorry for Casey’s wife. If what Casey says is true, there is no way Casey’s wife could not have known how bad of shape he was in. With 3+ years of accounting education, you have an intrinsic feel for your own personal financial situation, and if you dont, then you are probably in the wrong profession. In addition, there was at least one post in which he said she was taking over handing their financial situation. Even if that did not last, looking at the documentation one time would have shown you how dire the situation was. She should know by now, looking at credit cards and bills that there is no way out, her credit rating is trashed, and if she does not, she is in as much denial as Casey. She should be pushing him to bankruptcy before the situation gets even worse, not trying to hold him to promises he can no longer keep, if he ever could.
Even if Casey is lying about her taking over the household finances, the sheer volume of paper, plus looking at what they make versus what they buy, should have given her a clue that all was not right in the Serin household. There is no way she can claim to be an innocent spouse here. All the people crying poor Casey’s wife are fooling themselves.
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Howie Feltersnatch
December 4th, 2006 at 5:51 am
Casey, ever since that USA Today article where it quoted your wife as saying, “I don’t want no fishy business,” I’ve assumed she’s African-American (so I stereotype; sue me). So I imagine pretty soon she’s just going to get sick of you jerking her around and beat your little cracker butt to a pulp. You don’t go jerking a sistah around like that without expecting a bit of retribution.
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Billy Jack
December 4th, 2006 at 6:25 am
HERE IS A 10 POINT PLAN SURE NOT TO FAIL…
1)BANKRUPT WHILE YOU CAN
2)LAWYER(DIVORCE)-GIVE IT UP,YOUR WIFE WILL LEAVE YOU AND MOVE BACK HOME WITH HER PARENTS
3)LAWYER(DEFENSE)-PRISON/JAIL IS A REAL POSSIBILITY, GET YOUR AFFAIRS IN ORDER. TAKE SOME KARATE/JUDO/TAE KWON DO CLASSES SO YOU MAY BETTER PROTECT YOURSELF. THERE WILL BE NO “MERCY” FROM THE COURT OR FELLOW PRISONERS. YOU ARE WEAK AND FEEBLE AND YOUR LIFE MAY NOT EVEN BE WORTH A HALF PACK OF CIGARETTES. IF YOU DO GO TO PRISON,FIND THE BIGGEST AFRICAN AMERICAN/ARYAN AND KILL HIM ON DAY ONE…THIS WILL SAVE YOUR LIFE.
4)BULLET PROOF VEST-YOU HAVE A 50% CHANCE OF YOUR WIFE GOING PSYCO AND BLOWING YOUR BRAINS OUT…YOU HAVE A 75% CHANCE OF YOUR IN-LAWS GOING PSYCO AND BLOWING YOUR BRAINS OUT
5)EDUCATION-WHILE IN PRISON, STUDY ALL YOU CAN…ITS FREE AND YOU WILL HAVE A LOT OF SPARE TIME.
7)FORGET ABOUT ALL THESE SO CALLED “GURUS”-THEY ARE ALL CROOKS/CONS AND SEE NOTHING BUT $$$ BY PREYING ON THE LIKES OF YOU.
8)FLEEING MAY BE A GOOD IDEA FOR THE “SHORT TERM”.
GO TO CANADA, YOU WILL FIT IN BETTER THERE THAN MEXICO. GET STARTED NOW WITH A FAKE ID. BUT REMEMBER, THIS IS “SHORT TERM” ONLY. YOU WILL BE CAUGHT SOONER OR LATER.
9)HIDE AT YOUR PARENTS HOUSE…LIVING IN THE BASEMENT MIGHT BE YOUR CALLING.
10)SUICIDE-DO YOU HAVE LIFE INSURANCE??? THIS IS A PERMANENT SOLUTION TO ALL YOUR PROBLEMS.
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Casey Serin
December 4th, 2006 at 6:27 am
Good morning! Feels GREAT to be an early riser!
And NO I didn’t snooze (yesterday either). When I get up instantly at 5:55 I come downstairs for a drink of water then jump on this blog and moderate comments from the night before. Depending on how long this takes then I put down this entry. Maybe I will do the entry first so you will see that I really got up early.
You might think this whole thing is silly but I challenge YOU to get up early at exactly the same time every single day (weekends too!) for 30 days. It ain’t as easy as it look.
Now about this post…
Man oh man did I get lots of negativity! I mean I’m pretty used to haters on this blog but on this one I must have upset EVERYBODY.
I was not lying to my wife about my finances when we were dating. Have you every been in love? Guess what happens. You are trying to impress the other person whether you know it or not.
You are wearing rosy glasses and everything seems perfect. Then you get married (we did not live together first and I’m proud of that) and you find out a lot more about each other. But since you committed for life (the way it should be) you take it in stride and learn to live together.
Why should my wife leave me just ‘cuz it has been tough financially? What about “for richer or poorer”.
Having said that, it’s still my responsibility to take care of us and provide for the finances. I haven’t been doing a great job because I am being too entrepreneurial. I need to first have a stable base then do ventures. I have a tendency to go all out (or all in) with opportunities but I’m learning to hold my self back a bit after this whole experience.
I’m not going to try to answer any of your other questions right now… maybe in future posts or in a video or something… sorry guys, I can’t spend too much time on this blog or it will take over my life (it already is starting too).
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Casey Serin
December 4th, 2006 at 6:29 am
By the way, even though I may not have time to respond, I still read every single comment when I moderate and thanks again for your feedback and in some cases constructive criticism/advice.
If you have some questions related to mortgage fraud feel free to call in on Wed night to the live podcast with Jerome.
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Gunde
December 4th, 2006 at 6:44 am
Do not mess with your marriage. While businesses and jobs come and go your marriage should be for your whole life.
This factor alone should be enough for you to go out and get a couple of more jobs, just to show responsibility for your wife.
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Unbelievable
December 4th, 2006 at 6:55 am
“I’m not going to try to answer any of your other questions right now”
OF COURSE YOU AREN’T GOING TO ANSWER, YOU NEVER DO. YOU DON’T WISH TO FACE REALITY AND ANSWERING THE QUESTIONS TRUTHFULLY WOULD COMPEL YOU TO DO THAT.
“You might think this whole thing is silly but I challenge YOU to get up early at exactly the same time every single day (weekends too!) for 30 days. It ain’t as easy as it look”
I HAVE BEEN DOING THIS FOR THE LAST 28 YEARS. IT AIN’T AS HARD AS YOU THINK IT IS.
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Unbelievable
December 4th, 2006 at 6:56 am
answer this
WHEN ARE YOU AND MRS CASEY GOING TO ADMIT THAT HER CREDIT IS RUINED TOO ?
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Pravda
December 4th, 2006 at 7:08 am
Sashenka - I am tired of the bs (mine as well as yours). I am a CPA in BK a litigation support practice. I am writing this simply so that I can say I read of another’s distress and responded honestly rather than piling on or pointing and laughing. Here’s what I have seen done in similar situations. 1) Divorce with the out spouse (you) taking on all the debt and the underwater assets leaving the in spouse debt free but judgement proof - if what you’ve disclosed is close to reality - you two have no assets of value to satisfy your debts. 2) Use the divorce “settlement” to draft your BK schedules and treat those seriously (unlike your liar loans) by disclosing all assets and debts. 3) Get both filed before 12/31 so that you can start 2007 by going wherever you have to go (you’ll be single again) to get the highest paying job you can and spend the next 7-9 years (until your 33) working all you can to earn a salary and meet your BK payment program for non-dischargeable debt (shortages on the fraudlent loans once the securing assets have been sold or abandonned).
Last words - the way you treated [your wife] is just plain wrong but, unfortunately, that is between you and your maker unless of course she has some brothers or uncles who will step up and kick your pope-ka.
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Buzz Saw
December 4th, 2006 at 7:17 am
“… she will not let me ruin her credit.” Bwahaha! Thanks Casey, I needed a laugh. Oh, BTW, congratulations, you made the list.
http://buzzsms.blogspot.com/
signed, Buzz Saw
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Joey Bobo
December 4th, 2006 at 7:23 am
Casey sez: “You might think this whole thing is silly but I challenge YOU to get up early at exactly the same time every single day (weekends too!) for 30 days. It ain’t as easy as it look.”
95% of the people on this blog, besides Mr. Big Bucks Tim, get up early, exactly the same time every single day for years.
IT’S CALLED WORK!!!!
And I get up early on weekends too, since my wife goes to Church on the weekends. I don’t… but I still wake up early.
We should call this self centered, entitlement thinking Caseythink. I’m sure Casey would feel proud his name is mentioned, and not ashamed.
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Billy Jack
December 4th, 2006 at 7:27 am
CASEY,
I GET UP @ 4:00AM EVERDAY, TAKE A SHOWER AND GET DRESSED, DRIVE 45 MILES ONE WAY THROUGH THE WORST TRAFFIC ON EARTH, WORK MY ASS OFF UNTIL FRIDAY, HUNT/FISH/SPEND TIME WITH MY FAMILY(NOT ALWAYS IN THAT ORDER) ALL WEEKEND AND THEN GO BACK TO WORK ON MONDAY. I MAKE ABOUT 125K A YEAR.
ITS CALLED LIFE…
SO…
1)GET A JOB…GET TWO JOBS…YOUR WIFE NEEDS A JOB…ANY JOB. FIND THE BIGGEST PAIN IN THE ASS JOB THAT NO ONE WANTS AND TAKE IT. PROVE YOUR WORTH AND SHOP YOURSELF TO OTHER COMPANIES.THIS IS THE EASIEST WAT TO GET AHEAD AND INCREASE YOUR SALARY.
2)GET UP EARLY(6:30 AM IS NOT EARLY). GET UP AT THE SAME TIME EVERYDAY, EVEN ON WEEKENDS. THIS BUILDS CHARACTER.
3)GO TO WORK…EVERDAY PERIOD. IF YOU ARE SICK, GO TO WORK ANYWAY. GET TOUGH AND DONT BE A PUSS.
4)WORK HARD-IT PAYS OFF IN THE “LONG TERM”. THE LONG TERM IS WHAT MATTERS.
5)MAKE MONEY-THE HARDER YOU WORK THE MORE YOU MAKE. PAY OFF YOUR DEBT AND SAVE.
6)GET A HOBBY THAT PUTS FOOD ON THE TABLE…YOU LOOK LIKE A FISHERMAN, BUT IF YOU ARE A VEGETERIAN, GROW A GARDEN, BUT DO SOMETHING CONSTRUCTIVE WITH YOUR SPARE TIME THAT HELPS THE BOTTOM LINE. I PROVIDE MORE MEAT AND FISH THAN WE CAN EAT(FAMILY OF 4) IN A YEAR SO I DONATE SOME TO LOCAL FOOD BANKS(TAX DEDUCTIBLE AND GOOD CITIZENSHIP)
7)GET YOUR WIFE PREGNANT AND HAVE SOME KIDS…INSTANT DEDUCTION PLUS KIDS GIVE LIFE A LITTLE SPICE. YOU NEED SOME SPICE, IT GETS YOU OUT OF THE BED EARLIER.
8)APOLOGIZE TO EVERYONE IN YOUR FAMILY FOR BEING YOUNG AND “STUPID”. DONT BE AFRAID TO SAY YOU ARE OR HAVE BEEN WRONG. AFTER YOU GET THINGS TOGETHER YOU CAN TELL EVERYONE TO KISS YOUR ASS.
9)SEE A LAWYER ASAP ABOUT BK.THIS WILL SAVE YOUR MARRIAGE AND MAYBE YOUR LIFE. YOU ARE NOT BUILT FOR PRISON.
10)MOVE THE HELL OUT OF CALIFORNIA. FIND A CHEAPER AREA OF THE COUNTRY TO LIVE IN. STAY AWAY FROM LARGE CITIES, BUT DONT MOVE TO THE STICKS WHERE THERE ARE NO JOBS.
11)GROW A PAIR…SUE ALL THE SO CALLED “GURUS”(RK,RICH DAD) UNTIL THEY BLEED. THEY HELPED GET YOU IN THIS MESS. DRAG THEM THROUGH THE MUD ON TV AND THE INTERNET. AS LONG AS YOU TELL THE TRUTH ABOUT THESE COYOTES THEY CANT COUNTER-SUE YOU FOR SLANDER.
IM NOT KIDDING AROUND WITH YOU ON THIS. I AM 41 YEARS OLD, A HIGH SCHOOL GRADUATE, BEEN MARRIED FOR 22 YEARS, HAVE 2 KIDS IN COLLEGE(DUKE AND AUBURN-AND IT AINT CHEAP) AND MAKING IT JUST FINE. I WILL BE ABLE TO RETIRE WHEN IM 50. I OWN A 2500 SQFT HOUSE(WORTH 200K PAID 98K), A 50 ACRE FARM(WORTH 300K PAID 88K) AND WE ARE NEARLY DEBT FREE. I DID THIS THROUGH HARD WORK. I HAVE A SIMPLE PLAN. THERE IS NO GET RICH QUICK SCHEME(OTHER THAN THE LOTTERY) THAT CAN DO WHAT I HAVE DONE… AND IT DIDNT COST ME A CENT.
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Wait a Minute
December 4th, 2006 at 7:30 am
“I’m not going to try to answer any of your other questions right now… maybe in future posts or in a video or something… sorry guys, I can’t spend too much time on this blog or it will take over my life (it already is starting too). ”
“If you have some questions related to mortgage fraud feel free to call in on Wed night to the live podcast with Jerome. ”
I like you running away like a little girl. I’m going to call in every 5 seconds and ask you why you are a fraud. Of COURSE you won’t answer any REAL questions, becuase you and this blog are scams.
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She Made Me Do It!
December 4th, 2006 at 7:43 am
Richer or poorer? Well you shot right past poorer a few times over.
As for her sticking by your side, as I said with your eyes, I’d hang too but my dear you lied and lied big time. You did not simply try to impress, you lied like a rug and she went for it since you’re sooooooo cute! Besides she decided to take a chance, since she knew you were full of it. She was enthralled by your sex appeal. And that’s her fault. Total willing accomplice.
There a tremendous eroticism that’s not being discussed here.
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Shawn
December 4th, 2006 at 7:48 am
Casey,
The world is full of people who are more than willing to kick you when you’re down, it’s human nature, but at this point it isn’t what will get you out of where you are.
I’m curious; where is Mr. Rich Dad Poor Dad’s advice to you. I haven’t read it on your site, could I have missed it? If he were REALLY a legitimate business man, he could easily tell you what you need to do to get out of where you are now wouldn’t he?
You don’t learn to be a millionaire from the likes of someone who wrote a book, learn it from those who actually are legitimately working millionaires. I don’t doubt that whoever it is that wrote the ‘rich dad poor dad’ book is a millionaire (now), after the sales of his book, but —- his strategies may be good in black and white, but reality is far, far different as I’m sure you can attest.
If anything, your experience will save countless others from the same, given they do some research before taking the entire hook, line and sinker of such books. ( I’m not entirely sure of all the books you’ve read, just commenting on the one from your photos. )
I can tell you one way to become a millionaire, you do it slowly and methodically by working, saving and investing. Some are lucky enough to make it overnight, or so it would seem, but the rest of us plod along, slowly letting the monies add up before starting to paying us back. Dime upon dime in time will make you rich. Books are just books written with the hopes some poor soul will buy them to make the writer rich. Become a critical reader.
Having said that, blah, blah, blah…. I think your best bet is to take out bankruptcy. Sorry, I don’t think you wanted to hear that, but it’s the best advice I can give you at this point in the game.
Cut bait, get out of where you are, go to work and climb out of the Fica score you’re in. You’ll do fine if you follow this advice. You’re young enough to get back on your feet, just quit reading the garbage and learn from people who actually walk the walk. ( REAL, real-estate investors. )
I’ll keep reading your blog, I want to see if Mr. What’s his Bucket will respond to your situation, that would be a real comedy as far as I’m concerned.
Good Luck
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Andrew
December 4th, 2006 at 7:54 am
Anomalous Blowhard, S&W sells several revolvers chambered for a .500 S&W that’s .50″ in diameter. The only problem is that they all cost well over $1000.
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John
December 4th, 2006 at 7:58 am
“If you have some questions related to mortgage fraud feel free to call in on Wed night to the live podcast with Jerome. ”
I doubt anyone will will enable you to continue with this nonsense at your wife’s and others expense.
I won’t be calling.
“I unintentionally gave her the impression that I was successful when we were dating ”
So you lie about just about everything.
No point in participating any longer. Your conduct is disgusting and high-handed.
Miss Serin does not need a job; she needs a divorce attorney and some counselling.
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Billy Jack
December 4th, 2006 at 7:58 am
NO MODERATION…YOU MUST BE TAKING A NAP. GETTING UP EARLY ALSO MEANS STAYING AWAKE.
JESUS MAN…GET IT TOGETHER.
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What makes a criminal a criminal in this business
December 4th, 2006 at 8:15 am
Your wife isn’t innocent. A lot of people here are misguided. It’s totally unreasonable for her to expect you to pay her college debt. You convinced her initially on your earlier condo flips and she was in on the deal. She’s to blame for trashing her own credit.
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The Original Blah
December 4th, 2006 at 8:20 am
I get more nervous everytime you start writing things like, “I need to make money fast” and other statements of the same ilk.
This is when you have shown desperation, and in those situations we have yet to see you make the right choice to help your position. From what we’ve seen and heard about in the past is that you do not learn from the past and thus, make future mistakes.
Trying to get rich quick got you into this mess. Trying to not EARN your fortune got you in this mess. Going the route of making fast cash will probably end in more disasters.
Sorry to tell you that, but it’s true.
BTW, as others have said, you really should pull your wifes credit score, DO NOT POST THEM though. See how bad off your wife is already with the “stability” you have given her over the last three years.
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Sprezzatura
December 4th, 2006 at 8:20 am
Casey, the mere fact that you think that getting up early every single day is HARD shows just how out of touch with reality you are. Most of us do it as a matter of course.
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SidFinster
December 4th, 2006 at 8:34 am
Is this thing on?
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Matt
December 4th, 2006 at 8:35 am
Are you serious? How are you not considering bankcruptcy as your only opion. Both yours and your wife’s credit are already shot so filing for bancrupty can’t do all that much more damage. You need to be honest with your wife about her credit, it will takes years for her to get that back up. She is cleary saying shape up or I’m outta here. Can’t believe she has stuck around this long.
File for bankruptcy and start all over with your finances and your honesty in your marriage.
Another thing you already sound like you don’t appreciate getting paid $3,000 a month, that is more then most Americans so you need to learn to appreciate it a little more.
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Jim Jones
December 4th, 2006 at 8:45 am
No moderation?
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El (hater)
December 4th, 2006 at 9:04 am
I agree with those who criticize the wife. She sounds like she’s just as lazy as Casey. She wants everybody else to pay for her education - i.e. get a free ride. I’m in graduate school and I just have to get student loans and jobs. I don’t have any sugar daddy to rely on, poor me. I made my choice when I went to graduate school - I accepted the hardships and decided to make the trade off. Yes I’m poor. But I know plenty of people have it worse than me, and I don’t expect some magic beans to fall from the sky and fix everything for me.
And also as others have said - community college? What the hell has she been doing for all these years? Is she EVER going to graduate? I’ve got a friend who is 24 and she’s one semester away from an MA.
Let’s be honest here, you didn’t really trick her about this real estate stuff did you? She’s just as greedy as you, that’s *really* why she went along with it.
I bet it’s taken her so long to get through college because she stopped going when the money was rolling in, just as you quit your job. Isn’t that right Casey?
Oh yeah, and I lived with my wife for quite some time before we were married, and I’m proud of *that*. That’s called walking into something with your eyes open.
Really your hypocrisy turns my stomach. As Pitag said, you aren’t a real Christian. You’ve got that veneer to make yourself look better, and probably for your own benefit too. But as soon as no one is watching, it’s back to the liar loans and trying to scam others.
Oh no, I’m sorry, I forgot about the Gospel of Bob, 12:4, here:
“And Jesus said: Blessed are the greedy. For truly it shall be easier for a camel to go through the eye of a needle than for the poor to get into paradise. Yea, the arrogant and lazy shall inherit the earth. Damned are the meek. So therefore ripoff thy neighbor, and lie on thy loans.
And Bob asked the LORD: But LORD, shall we not be punished at the hands of man whence we rip off our neighbors?
And Jesus replied: Nay Bob; instead, put on a sickening display of holiness, and pretend that thy are truly one of my followers, but indeed only follow the laws that are convenient. For blessed are those who claim to follow me and occasionally pay lip service to some minor things I said. ”
So there you go. I take it back, you are truly a Christian. Well done!
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Free Advice
December 4th, 2006 at 9:15 am
Can somebody who knows something about foreclosure educate me a little on how it works in the US. Say, Casey owes the bank $400,000 and has one of his houses foreclosed. If the bank only gets $300,000 for the house do they still come after Casey for the remaining 100 grand?
Like a lot of things in the US, it depends on the state. Each has its own specific quirks.
But if “do they” you mean “can they,” the answer is usually yes.
It also depends what you mean by “come after.” As anyone who’s ever sued anyone and won has often discovered, getting a judgement may be easy, but getting paid is either hard or takes a long, long time.
And in the US, you don’t really “have one of your houses foreclosed.” That’s something the lender does.
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Making Money
December 4th, 2006 at 9:16 am
@Nigel
I just read your “interview” with Casey. All I can say is OMG!
http://slcrealestate.blogspot......erins.html
@Casey
In the interview you say, in regard to your wife’s skepticism:
“At first, when things started picking up and I started making some money, that kind of kept her quiet for a while.”
And
“She told me that it’s always amazed her how I find ways to make some money when we need it.”
The problem is that YOU NEVER MADE ANY MONEY. You got loans, you incurred debt. If you’re referring to a cashback loan - you bought houses for MORE THAN THEY WERE WORTH.
This is not a way to provide or grow. It was digging a hole.
THIS is the lesson that you must learn. You have had no success in REI. Please admit this to yourself and your wife. Borrowing does not = earning money.
PLEASE ADMIT THIS, at least privately. You have not surprisingly hit a bump or “fell down.” You created such debt (with nothing to back it up) that recovery is impossible. Live within your current salary and make a plan to repay/ask for forgivance for your debt. Others have outlined reasonable plans. [OT my wife is a teacher and has awakened every day at 5:30am for 12 years. My Grandfather was a farmer and woke up every day b4 5am for his entire life! They both did (are doing) well financially! I thought it was the saving and hard work, but it was just really the alarm clock that did all the work!!!!!1!]
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BT98
December 4th, 2006 at 9:21 am
Drama deepens every day. Too bad I still don’t buy your story, much less so today than before.
I think you use your wife to get out contract whenever is convinent and to spice up the story when it gets boring and to get rid of account info after dangling for a little bit (don’t worry I’ve got a copy if anyone is interested)
What happen to borrowning $50K, why only borrowed 4K this time? where did you borrow it? what happen to 1.5K you got last Friday? What happen to the ad money from google? Did you get paid for the story on CNBC and USA Today?
All in all, this smell like staged/fiction drama story, not genuine enough. How do you expect people to learn any from your mistakes, when they are fake stories and solutions are also fakes or none at all.
As for marriage’s concern. You are never a provider and never will be. You are a scavanger and deadbeat at the best.
Cheers!
BT
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Report Fraud
December 4th, 2006 at 9:28 am
Casey, you and your blog are fakes, but they are fun.
Nobody can be this stupid. You have a gift for pulling honest people’s hatred out of them at full force.
Folks, take it easy - this whole thing is a fake. It is fun reading I must say :-)
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Stephanie J
December 4th, 2006 at 9:31 am
A marriage started on a lie is probably not fated to last very long. However, I cannot feel very sorry for the Mrs. if she put all of her hopes and expectations on your success in order to further her own. Not commendable. Remora-like in my eyes.
It also looks like you’re developing a depression from the sound of it; your tone, your finding it difficult to face the morning… Your obvious ‘ostrich-like’ behaviour. Newflash, Casey… It’s not going to blow over… and getting down about it will make it worse. It will further spiral you out of control if you don’t get a handle on it.
Get help. Get medication. Get going and do something instead of sitting on your ball and whining about it.
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Anomalous Blowhard
December 4th, 2006 at 9:39 am
Billy Jack, it sounds like you’ve accomplished quite a bit in life, no doubt by setting goals and achieving them. I suggest that your next goal should be to find, and disengage, your caps lock key. If you can do well enough to retire at 50 on a high school education, you can no doubt do this one simple thing.
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DC
December 4th, 2006 at 9:48 am
“You see, I unintentionally gave her the impression that I was successful when we were dating (I still had some money left from from my first condo flip). ”
“She also expected for me to pay for college so she can finish her 4-year degree. Her parents were paying for it before but stopped as soon as she got married. I told her not to worry about it. I have it under control.”
WELL, YOU LIED TO HER IN THE BEGINNING AND YOU ARE LYING TO HER NOW.
IT SEEMS TO ME SHE LIKED THE FACT YOU WERE SUCCESSFUL & RICH. WHEN SHE FOUND OUT THAT WASN’T THE CASE, YOU FED HER A LINE OF BULL & SHE ATE IT! SO, YOU BOTH SEEM TO DESERVE EACH OTHER. YOU LIKE TO LIE AND SHE IS CONTENT WITH BEING LIED TO. GOOD LUCK, YOU WILL NEED IT!
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Marriage Historian
December 4th, 2006 at 9:49 am
“What about ‘for richer or poorer’.”
How many men over the centuries have asked that same question? Usually it’s while they’re scanning the ‘apartments for rent’ section in the cave painting/newspaper/craigs list and sitting in their oxcart/carriage/VW Jetta surrounded by whatever possessions their significant other threw out the window. Men have been pondering the fallacy of that statement ever since Grog Serin got thrown out of his cave back in the Jurassic.
(Grog is staring at his collection of blue loincloths and sweet blue exercise rocks strewn across the cave entrance. Near him is parked his recently aquired used stone wheel with sweet stone rim. Black smoke rises from the wheel and a trickle of oil can be seen running away from it. Also, the wheel is square.)
Grog: Unga bunga! Calm down, She-Grog. Why She-Grog so angry? Did She-Grog fail test again at Neanderthal Community College?
She-Grog: Grog ruin She-Grog’s credit! Now She-Grog not can get sweet job counting pebbles! She-Grog hate Grog!
Grog: No worry, She-Grog. Grog have everything under control. First, Grog take nap. Then Grog work on cavelog for a few hours. Next, Grog go on 12 hour Jamba berry fast. Grog MAY even go 24 hour. Then Grog flip a few caves and make serious pebble. She-Grog, call She-Grog-Daddy and ask borrow 4000 more pebble.
She-Grog: Unga Bunga! She-Grog-Daddy say no more pebble for you! She-Grog call divorce shaman because Grog is looser!
Grog: Unga Bunga? But She-Grog-baby, what about for richer for poorer?
(A sweet blue exercise rock flies out of the cave entrance and hits Grog in the head. Behind him, unbeknownst to Grog, a giant tyrannosaurus rex with Neanderthal Bank of Pangaea written on it is sniffing Grog and licking its lips.)
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Sputnik the Cat
December 4th, 2006 at 9:51 am
Yawn…
I used to have no doubt that Casey was for real…but even I am starting to wonder. How can anyone be this DENSE?!?
I know cats smarter than you!
aaaaaaaaaaaaaaaaaaaaackkkk!!!!
S_t_C
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hyperlexic
December 4th, 2006 at 9:56 am
Casey, it’s hard to continue to suspend belief when money just ‘appears’ to you when you need it. Remember when you needed a plane ticket from Arizona, and you just happened to have the exact amount in your wallet? If you’re going to tell a convincing narrative, you need to tell the audience where the magic $4,000 came from. That’s - like - the most important component of the whole story. Where is your money coming from? You can’t just leave the audience with these open-ended variables.
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Stephanie J
December 4th, 2006 at 10:02 am
Further Reading Recommendations for Casey:
“Lockup Love”
How to develop lasting, fulfilling, satisfying sexual relationships with your cellmates.
“They Really Do Care!”
A guide to formulating excuses and explanations that are strong enough to sway the most hard-assed prosecutors and juries.
“R.U. Anidgit’s Guide to Self Help Guides”
How to best use the self-help guide as an illusion of forward-movement.
“Healthy Holes”
A collection of recipes for smoothies and juices that will prepare any colon for hard use by felons.
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Easy Living
December 4th, 2006 at 10:27 am
Why am I not suprised that smooth-talking, big-ego Casey let his fiance believe (and led her to believe) that he was a big shot who would take care of her financially?
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Nomar
December 4th, 2006 at 10:40 am
I hope your coming out of it very soon, and hopefully your wife will stay on your side !!
Good luck !!
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Chris Johnson
December 4th, 2006 at 10:45 am
Wow, I didn’t realize I should be patting myself on the back for getting up every day at 6 a.m. I’m such an overachiever! And the amazing wake-up time seems to be working for Casey, too–I’m still in awe of his detailed, flawless plan for December. How can he fail now, unless he hits the snooze button?
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Billy Jack
December 4th, 2006 at 10:48 am
Dear Anomalous Blowhard,
I was yelling at poor Casey the whole time.
Sorry if I offended you.
BJ
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Joshua
December 4th, 2006 at 10:48 am
Casey,
Your wife should NOT leave you. But you MUST learn to be more honest with both her and yourself. I have a similar faith to yours, and I strongly believe that Biblically, marriage is a covenant that may only be broken under a few circumstances. Those circumstances are not present in your situation. I do however believe that your wife and you need some specific counsel. This counsel should then be followed without deviation.
1) Spiritual Counsel- Together, you and your wife need to meet with a Pastor or Minister who can apply Biblical wisdom and advice to your relationship and financial situation.
2) Financial Counsel- Together, you and your wife need to meet with a financial advisor. This does not HAVE to be a paid professional, but can actually be someone that your spiritual advisor recommends from your church who has demonstrated financial maturity and wisdom. Your church may even have a Administrative Pastor who has financial training.
3) Legal Counseling- Together, you and you wife then will need to meet with a lawyer who can advise you as to your legal options.
Do these three steps soon. You may be able to regain your wife’s trust as well as begin to formulate an actual plan that will eventually rescue you from the situation that you are in. Please understand that whatever steps you take, the real solution to your problems will not be worked out in days or months, but rather years. I am challenging you to demonstrate honesty and integrity in all of your future busines dealings, as the reputation of the Lord God (your Maker) and the Lord Jesus Christ is now being examined by all of your cyber-observers.
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Easy Living
December 4th, 2006 at 10:55 am
Casey - I miss your misuse of the word ‘organic’. Please start using it again.
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Robert Coté
December 4th, 2006 at 10:55 am
WTF asked some questions in the last thread;
It may make YOU feel better offering this turd advice, but isn’t it apparent by now he is beyond help?
Yep. I stop in for entertainment value. Usually while doing real work like formatting a RAID or some such. Casey is great for people like me. No, not the validation that I was right to sell at the top Jun ‘05- Apr ‘06. Not some wierd joy in the misery of others; schadenfreude in the borrowed German, epicaricacy in the lesser known English equivalent. “Casey” is great because I disposed of my long term real estate investments in a market he and his ilk created. I will buy back three times as many in the rubble about to be created. N.B. I will NOT be buying anything tainted by Cassey or his ilk. Toxic product. I will be buying the simple products brought down in the general reversion and likely overshoot.
My question to you Robert is, when will the proverbial crap hit the fan with this looser? when will there be a knock on his door by the federalies?
Tough question. I’m thinking it could go on personally for Casey as long as Jun ‘07 as he cannot not file an ‘06 1040A or extension. The AG or DA will not file criminal charges as they lack willing victims at this point. I’m more thinking Big Nose and Bubba will be “asking” for some of the recently borrowed cash back along with the 23% per week interest payments long before then.
Of course this blogdrama that we are all reading is only part true. A personal tragedy is overdue. An ill parent? Emergency marriage repair? Doesn’t matter. Whatever it is we will be sidetracked for a few posts and then the original crisis will be ignored in subsequent posts. Then there’s the “Where’s Casey?” period. Probably X-MAS (not Christmas as what he is doing is wholly unChristian). “The Return” post holidays will include apologies for abscence and “A New Hope” (Episode IV).
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REOleads
December 4th, 2006 at 10:55 am
I earlier posted that most of the comments are mean spirited, but I can see now that many people were offended by your “wake up at 5:55am” thing. And they are right, welcome to life. I guess what keeps people coming to this blog is the fact that Casey is out of tough with the reality that life is tought. So if you want to keep the traffic on the site, I suggest you never face reality.
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star
December 4th, 2006 at 10:58 am
re: “I haven’t been doing a great job because I am being too entrepreneurial.”
You’re still having a tough time with reality Casey. You’re trying to minimize your actions with statements like that.
Instead of saying you didn’t do a great job, which implies you had some success, just not “great”, why not tell it like it is?
You did a horrible job. You turned your life and finanaces into a tragic mess. You did nothing but blow through 200k+ in a year and destroy your credit. You made novice mistakes at every turn. There is nothing entreprenurial about any of your actions. Reality is you got suckered by tv-gurus and scammed out of tens of thousands of dollars. Reality is you bought the top and are left holding the bag. Reality is you were just pretending to be a high-roller on the banks tab, who you’ll end up stiffing.
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Billy Jack
December 4th, 2006 at 11:02 am
Casey,s newest drama will be “Revenge of the Stiff”.
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Billy Jack
December 4th, 2006 at 11:04 am
Casey, I am willing to take care of the “Gurus” for you free of charge.
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Me
December 4th, 2006 at 11:06 am
Ahh, you moderated out my money estimtes for the site income. :)
I’m fairly close, then?
So, in its current form, the site isn’t going to save you by pulling in an extra $25K or so. We can look forward to even more bizarre behavior and “sudden house saves”? :)
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Chris Johnson
December 4th, 2006 at 11:13 am
Yep, I’m back..I’ve got an addiction to this blog just like so many here, including Casey. Oh well. The post about seeing a financial advisor made me think of what pre-BK clients are supposed to do–talk with a credit counselor, like at Consumer Credit Counseling Service. I’d be interested to see what advice they’d have for Casey, and I think such advice would make a great post. And perhaps offer some amusement. (Don’t worry, Casey, you don’t have to actually follow their advice, and those dunderheads won’t be smart enough to factor in the cash flow from your future “sweet deals.” Still, to hear some advice from experienced professionals might open your eyes a bit, and again, would make for some good reading here.)
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Bubba_Di_Tutti_Bubbas
December 4th, 2006 at 11:25 am
Yes, the caps lock.
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Time Will Tell (fake)
December 4th, 2006 at 11:28 am
“I must make serious money quickly somehow. That should probably be more important than trying to sell houses at this point.”
Those words have been uttered just before many a bank robbery.
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Free Advice
December 4th, 2006 at 11:34 am
“Casey” is great because I disposed of my long term real estate investments in a market he and his ilk created. I will buy back three times as many in the rubble about to be created.
Robert:
Maybe if you pay cash.
But if you’re expecting financing under the scenario you’ve outlined, I think you’re in for a rude awakening.
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Time Will Tell (fake)
December 4th, 2006 at 11:36 am
It just takes a couple of months for the end game to play out.
Eggzackly correct and a great analogy.
Casey has only two pawns and his king left. The creditors have rooks, bishops, knights and queens. Pawns are marching across the board. Anyone with a sense of the game would resign.
C’mon, Casey. This is a game you can’t win. Tip over the king.
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Anomalous Blowhard
December 4th, 2006 at 11:42 am
“Near him is parked his recently aquired used stone wheel with sweet stone rim. Black smoke rises from the wheel and a trickle of oil can be seen running away from it. Also, the wheel is square.”
Classic. I lol’d.
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El_Hombre
December 4th, 2006 at 11:53 am
Quit editing out the truth and face the facts man. That is the ONLY way you’re gonna get out of this. Either as a free man or in prison. One way or another, you need to face up to it. Oh, and get a real job.
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Time Will Tell (fake)
December 4th, 2006 at 11:54 am
When Spring comes you can flip all the homes at a big profit. It is all the Bibble bloggers that are keeping prices down.
HAHAHAHAHA……Affordability in CA got so bad that the CAR had to change the metrics to make the measure look better. Flippers and 2nd home buyers (just like young Casey) made up 1/3 of the market and now are gone. Sub-prime lenders lent money with no regard to the ability to repay. Home builders built like there was no tomorrow and created a massive inventory glut. On and on and on…..
If you are not a troll, you are an idiot, and more blind and in denial than Cssey. I’m now sorry that I wasted my time replying to you.
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Miguel
December 4th, 2006 at 11:55 am
“You might think this whole thing is silly but I challenge YOU to get up early at exactly the same time every single day (weekends too!) for 30 days. It ain’t as easy as it look.”
What’s so difficult about it? I have a job and two kids. I’ve been getting them up, changed and fed at the same time every morning for nearly four years. If something needs to be done, you just do it: you don’t whine about how difficult it is, or treat yourself to a luxury that you can’t afford just for achieving something that should be routine.
Incidentally, does anyone think that if some lunatic wrote Casey a $2 million check - or, better, a check for EXACTLY the amount that he owes, returning him to a nice round zero - he’d go and blow it on some mad scheme and end up twice as deep in the hole as he already is?
Funnily enough, something similar happened to Nick Leeson at Barings Bank: he actually did end up briefly in the black after months (if not years) of hiding his losses from his bosses. Unfortunately, he didn’t stop trading, as he realised that although he’d got back to square one, everyone else thought he was making gigantic profits, and he had to keep that illusion going.
Barings Bank eventually collapsed with debts of over $1 billion - entirely run up by Nick Leeson. And at the time, he wasn’t much older than Casey. In fact, he may have been Casey’s age when he started.
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dumb da dum dumb
December 4th, 2006 at 11:56 am
Curbed Stocking Stuffer: Flipbooks
http://www.curbed.com/archives.....books_.php
merry xmas casey, i hope your wife can add these books to your library
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Foreclosure houses
December 4th, 2006 at 12:02 pm
links from Technorati Original post: The Pressure is Increasing by at Google Blog Search: foreclosure houses
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Robert Coté
December 4th, 2006 at 12:26 pm
Free Advice comments about my;:I will buy back three times as many in the rubble about to be created.
with his; Robert:
Maybe if you pay cash.
But if you’re expecting financing under the scenario you’ve outlined, I think you’re in for a rude awakening.
Only part cash, cash flow will still be an operative consideration. In the post Casey Era I expect 30-40% down for anything less than single residence owner/occupant transactions. I do. however, expect that at 30-40% down there will be no end of lenders willing to deal if only to take properties off their books. I’m an Anti-Serin. I have done pretty much the opposite of Casey so it is reasonable to expect the same in the future. In thre future godd credit will have value seeing as in the current era it makes little difference for but one example.
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El (hater)
December 4th, 2006 at 12:45 pm
Robert Cote: “A personal tragedy is overdue. An ill parent? Emergency marriage repair? Doesn’t matter. Whatever it is we will be sidetracked for a few posts and then the original crisis will be ignored in subsequent posts. Then there’s the “Where’s Casey?” period. Probably X-MAS”
Oh I would be willing to stake real money that you’ll turn out to be absolutely right.
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Jerry
December 4th, 2006 at 12:50 pm
How can we learn if Casey doesn’t answer the questions?
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Jerry
December 4th, 2006 at 12:51 pm
@me - this is $25k per month?
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MovieWhore
December 4th, 2006 at 1:42 pm
Khyber
December 4th, 2006 at 3:25 am
“Can somebody who knows something about foreclosure educate me a little on how it works in the US. Say, Casey owes the bank $400,000 and has one of his houses foreclosed. If the bank only gets $300,000 for the house do they still come after Casey for the remaining 100 grand?”
My understanding is that by law, the mortgage company is required to either sue him for the difference. If they write the debt off, then they have to send him a 1099, as though he was a contractor that they had paid. At that point, the IRS treats the money as taxable income.
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invest3
December 4th, 2006 at 1:54 pm
Casey,
It’s time for a come to Jesus meeting both figuratively and spiritually. Here is your 5-part plan that will get your life turned around:
1) You need to get on your knees with Mrs. Casey and repent of your crimes and beg God for mercy. Go find a church home.
2) File a Chapter 7 now before your creditors start filing lawsuits against you. Forget about the houses- 1 foreclosure or 5, who cares? Let them go. Quit paying on the cards. Forget about it. Start paying CASH for your living expenses. Have a criminal attorney on retainer
3) Get another job in the evening and on Saturday working at FedEx or UPS loading boxes to build cash. Since it is Christmas they will be hiring and paying you well. The Mrs. Needs to find something also
4) Live as cheap as possible such as in a trailer or in someone’s basement until you are in a position to pay cash for a dive somewhere
5) Swear off debt forever
You may be a complete loser now but if you follow the above plan you will eventually turn your life around and maybe save your marriage.
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segfault
December 4th, 2006 at 2:14 pm
People, this is why you get a prenup… It requires full disclosure of all assets and liabilities. Maybe Casey’s wife still would have married him if she knew about his debts, maybe not… But if it were disclosed, perhaps someone would have talked some sense into her.
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Jobu
December 4th, 2006 at 2:15 pm
“However, she will not let me ruin her credit. I promised her at the beginning that no matter what happens I will save her credit. That was the only way she would let me use her credit cards for real estate deals. She is right. I must keep my promises. ”
This has got to be the dumbest thing Casey has posted this side of a Jamba Juice reward. After weeks and weeks of people telling him her credit is toast, he posts something regarding saving it. The only reason is to make people react negatively.
Casey, why do you post crap like this knowing it is so stupid?
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TO BE YOUNG AND STUPID AGAIN
December 4th, 2006 at 2:30 pm
no thanks….
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yneone
December 4th, 2006 at 2:33 pm
Oh Gawd. This is so so sad for her. Words cannot express, right now. I feel terrible for that girl.
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Mtg Pro
December 4th, 2006 at 2:36 pm
You should hire an agent to take you on and get on the wave of foreclosure fears out in the media. You could easily get yourself back above water with news specials and interviews.
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Solution
December 4th, 2006 at 2:40 pm
Sell the houses to marijuana grow-op people. They need places to grow their crop undisturbed. They will be happy to take-over your payments. It’s a small cost to them for doing business. Plus, they also help the economy by providing something for people who want it! At least they are providing themselves with a lucrative income.
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Can't believe she is still there
December 4th, 2006 at 3:01 pm
Man,
You are toast financially. Your wife is also. When are you gonna throw in the towel and admit your failure? You will never make enough to pay off all of your debt.
The IRS will be at your door every paycheck if you ever get a job that pays. Game over.
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Housing Panic - The Housing Bubble Blog with Attitude: Housing collapse unintended consequence #345 - the divorce rate in the US is about to explode. Watch what happens to Casey Serin.
December 4th, 2006 at 3:06 pm
Kramer auto Pingback[…] Housing collapse unintended consequence #345 - the divorce rate in the US is about to explode. Watch what happens to Casey Serin. […]
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Fake Blog to Pull-in Money
December 4th, 2006 at 3:17 pm
Folks,
This blog is real in the sense that it is Casey, however, the drama you see in setup to attract traffic for Ca$ey to cash in.
Expect much more fake Drama like this one in the near future because hits to this website are dying out.
Let’s help Ca$ey with some Titles for next week:
- I am Facing Divorce
- I need money faster
- I am Facing Bubba on my knees
- I need money now
- I turn Gay
- I need more money
- I swindled my parent’s in-law
- Give me your money
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Hi...I'm Dolph DeRoos
December 4th, 2006 at 3:20 pm
Wow Casey. Did you not buy one of my tapes! I made money at 17! Why couldn’t you? Oh yes, I made money flipping because I didn’t take extra cash on the loan. I plowed every cent back into my other properties.
You are the worst student, but buy my tape anyway!
http://www.yourlifepro.com/doderogrrees.html
You hurt shysters….errrrr….legitimate flippers like us!
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swamp
December 4th, 2006 at 3:29 pm
He posts crap like this because he knows that all of his readers will keep coming back again and again, regardless of how sophomoric his posts become.
I tip my hat to you Casey — you’re a marketing genius. This has got to be one of the more elaborate hoaxes in recent memory.
(Note: if Casey is actually this naive, I fear for future generations. His peers will be running the world in 20 years)
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Georgia Girl
December 4th, 2006 at 3:55 pm
“I promised her at the beginning that no matter what happens I will save her credit. That was the only way she would let me use her credit cards for real estate deals. She is right. I must keep my promises”
If you aquired any of your debt while you were married. You have already broken that promise. Your creditors can go after her income(or future income) for your debts.
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john S
December 4th, 2006 at 4:03 pm
You’re an idiot! To bad you screwed your life up so much. She’s gonna leave you and rightfully so. Duh jackass
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Bud Fox
December 4th, 2006 at 4:23 pm
Casey,
How long until you go down the road Julian Wells did?
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Easy Living
December 4th, 2006 at 4:27 pm
swamp:: Don’t worry - there have been and always will be total idiots in any generation. There are plenty of smart 24 year-olds in the world.
Georgia Girl:: Most of his debt has been generated during the marriage.
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Chris Johnson
December 4th, 2006 at 4:34 pm
@ Fake Blog: I’m sure we’ll see at least a few of those titles soon…
Here are my picks:
- Sweet rims stolen!
- Too much time on my blue ball, now wife blue-balling me
- I need your donations! Anniversary approaching!
- What’s a “subpoena”?
- Help! Savvy Chris’s office now vacant!
I realize I’m biased, but I still like my idea of getting the government grants for group homes best–you’d be in the black pretty quick, and even have enough $$ left over for a sweeeeeeet Jetta for your wife.
One more thing, I’m wondering what you play on the Jetta’s sweet stereo system, and whether there’s a marketing opportunity you’re missing by not posting links to those playlists on iTunes.
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Easy Living
December 4th, 2006 at 4:34 pm
Casey - here’s a more appropriate “About” for your site:
Casey Serin: I’m a 24 yr old con man and wannabe real estate speculator from Sacramento CA. … I spent a lot of my time and a lot of your money (wonder why your credit card rates are high?) on get rich quick schemes. I confused overpaying for POS houses and getting cash back at closing with making money, so I just kept doing it. I’m now in a world of hurt, but am too good to work hard to fix it, and am currently waiting for the RE fairy to magically fix things for me. Comments appreciated (but intelligent ones will be ignored)!
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john S
December 4th, 2006 at 4:35 pm
Casey have you tried cash call? Seriously Gary Coleman went through similar problems and cash call got him the money he needed quickly. Maybe they can help you. You’re on the right track kid. Being an over achiever takes time. Keep getting up early and going for runs in the morning. The jamba juice is good for you keep it up. Most importantly is your faith. Realize that the lord god Jesus Christ died for you and will forgive all of your sins. Now is the time to have a closer relationship to God. Talk to God tell him about your worries. See what he has to say. Listen VERY carefully. God will show you the light. He will be your bridge over shinning water. Go to church ALOT. Start spreading the good word to your neighbors and business acquaintances. You should stop at 5 random houses on your jogs and spread the good word about Jesus Christ the almighty savior. Also give them some wheat grass. I’ll click on all of your links 25 times each because I know how profitable those google adds can be. I’ll pray for you and your wife. Don’t let anyone tell you that its a bad idea to invest using your wifes credit cards. I made my fortune using my wifes credit cards. I to was in a situation like you with 10 houses and I hadn’t made a payment in months. With the help of my wifes credit cards and ruining her credit instead of mine I was able to ride out the bad times and move onto the good times. I ended up selling my 10 houses and using that money to buy 20 houses which I flipped quickly just like the tv shows. Well I walked away with millions and bought my own branch office for the Jesus Christ Worshipers of America. Now I’m rich! I left my wife for a younger much better looking woman but I still see my ex at chruch sing alongs. It can happen to you too! I’ll keep checking your blog daily and tell all of my fellow church goers to pray for you and support your site and donate money to you. You can do it I know you can!! Your the best kid!!
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Mortgage Banker
December 4th, 2006 at 4:40 pm
I am starting to get a little skeptical of this “story” as well,its looking more and more like one of those “reality” shows.
I would at least start trying to line up advertisers for this blog considering all of these cockamamee (sp?) tales you have come up with to generate all this traffic.But hey you never know,4 Grand might come falling out of the sky again and you might be able to scrape by another month.
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segfault
December 4th, 2006 at 4:44 pm
Casey,
Since you seem to be clinging to the idea that you can borrow your way out of debt, I did come across this idea for getting credit cards (under a business name):
http://www.fatwallet.com/forum.....did=662972
This guy got $1.5M in credit cards to finance his real estate operations. With that kind of money, you could pay back your personal loans, get all of your loans current, drink at Jamba Juice and Starbucks, take your wife to Macaroni Grill every night, and still have plenty left over to buy some more properties to flip.
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seringas
December 4th, 2006 at 4:56 pm
Casey, amigo, listen to me. Don’t listen to these haters. You met Rich Dad! People want you. You should buy more houses and get cash out of the deals. I don’t know so much about real estate, but you’ve read a lot of books and seminars which makes you smarter than most of the people here. Who cares about the debt, pick yourself up and go buy more. Everyone knows the best, quickest way to make money is in real estate!!!! You have skin in the game, remember?
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Coyote Investor
December 4th, 2006 at 5:09 pm
Casey,
No more posts from me until you systematically start answering people’s questions.
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It's not just about the money
December 4th, 2006 at 5:21 pm
Casey’s wife should leave him because he’s a lying, manipulating, lazy, IMMATURE person. When two people are facing financial hardship TOGETHER, their marriage may last. But Casey has lied to his wife, white-washed his problems, hid his actions, and manipulated her into passivity, over and over again. He’s dragging her by the ankle into his little pool of quicksand, and enjoying every minute of control he has over her.
“For richer for poorer”? Not as long as you’re a deceitful cad. The man she thought she married doesn’t even exist. You can’t hide that fact forever.
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Whiney One
December 4th, 2006 at 5:26 pm
Oh that’s SWEET
YNEONE feels sorry for your wife
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Bud Fox
December 4th, 2006 at 5:34 pm
Here’s the question on all of our minds - are those 14″ or 15″ rimz on your sweet ride? Also, do you bump Chamillionaire when cruising the mean streets of Sacramento?
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Vague Guru
December 4th, 2006 at 5:38 pm
Casey, you’re not even a good criminal. Why on earth did you pay $2,500 on your wife’s credit cards? You will never be able to use those cards again. That’s called throwin’ honest money after dishonest money.
You could have used that money on more Guru seminars and “sweet” running clothes. What were you thinking?
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DontBuyIt
December 4th, 2006 at 6:02 pm
I’m with Mr. Cote, I think this is an alaborate ruse, along the lines of the loneygirl, and many of the other internet memes that draw people like moths to the eerie blue light of the bug zapper.
If it’s all a fiction, I applaud the author, for creating an almost iconic persona who represents the true face of the last few years of greed, frenzy, and lack of common sense.
Nobody could be this much of a fraud, this much of a liar, and ultimately, this much of a pure coward. The blue ball, the psuedo-clumsy videos, the “unintentional” advertising for the willing participants in the ruse, it’s all perfect. Just sloppy enough to avoid the stink of the pros, and just cagey enough to draw the ire - and revisits - of the audience.
What’s next, Casey tells us he’s embarking on a 30 day plan, to brush his teeth EVERY day? Because it’s so HARD?
C’mon.
It can’t be real. Nobody can be this much of a coward.
I’ll continue to read this blog for entertainment, but I don’t believe a word of it.
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speechless
December 4th, 2006 at 6:21 pm
“Why should my wife leave me just ‘cuz it has been tough financially? What about “for richer or poorer”.”
Sure, Richer or Poorer she agreed to. But not to Dumb or Dumber. Never mind Cheater or Liar.
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CPCanuck
December 4th, 2006 at 6:46 pm
That’s it. I’m also done with this site. Casey…as interesting as it can be to watch a train wreck there does come a point where enough is enough. Whether it’s all for real or not, it’s past the tipping point for me. I’ve reached the “oh my god I can’t believe how stupid he is now” limit. You can’t possibly surprise me with your stupidity and selfishness any further so I don’t see the point in coming back….unless or course you post pictures of your wife or finally get sorry a** prosecuted.
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Time Will Tell (fake)
December 4th, 2006 at 9:26 pm
You have skin in the game, remember?
That’s rich, that’s great! Skin in the game…you kill me. Casey has his whole hide in the game.
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beadyeyes
December 4th, 2006 at 9:32 pm
John S: Yes, he showed us his bank account statements and Cash Call was on it.
Bad idea for anybody with a brain. They charge something like 90% interest if you pay only the minimum payment over the life of the note (8 years/5600 loan).
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Fake, I think not
December 4th, 2006 at 9:56 pm
What sort of fool would actually buy a property (in Dallas no less) if this were a scam?
http://www.dallascad.org/AcctD.....2898000000
There’s the property record for the Dallas house. Either Casey is the hacker of the week, or he bought at least one of the houses.
I don’t think I’m going too far out on a limb to predict that this isn’t going to end well.
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Jerry
December 4th, 2006 at 11:48 pm
I’m getting tired of seeing the same foreclosure adsense ads on these blog entries. I’ve visited all the sponsors and it’s getting to be old…
Casey, can you write about something else so we get a new variety of ads from different advertisers on these pages?
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John Chow dot Com The Miscellaneous Ramblings of a Dot Com Mogul
December 4th, 2006 at 11:54 pm
links from Technoratiblog has enough traffic that she should be able to making $3,000 or more per month if he monetizes it correctly. Add this to the $3,000 income he is making from his current job and the combined total could help him a lot – especially in light of this recent post where he states he needed to make some serious money quickly, or risk having his wife leave him. She asked me if I have a plan. The base salary with Chris is not enough. She is saying that almost three years of marriage on a financial roller-coaster
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Max
December 5th, 2006 at 2:36 am
Casey, results are from action and so far you not really taken action. I should suggest you get more advestisement to this website to help with your financial situation.
Maybe also do some freelance jobs as a programer for side jobs. Also you can get some $$.
I really pulling for you and hope you make it out okay.
- Max
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JonesOhJones
December 5th, 2006 at 3:29 am
Interesting question no-one has taken up—
Is it useful to drag things out another year? Not in terms of borrowing more, that would be unethical, but in terms of waiting until the very last moment to file BK.
Serin needs to coast through BK without his fraud attracting attention (as if). If he waits another year, maybe another 10,000 flippers will be in the BK court with him, maybe he is less likely to be noticed. The prosecutors and courts have limited resources, of course.
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Money Blog » The Pressure is Increasing
December 5th, 2006 at 5:33 am
[…] Original post by Casey Serin […]
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SCapitalist
December 5th, 2006 at 7:31 am
I cannot imagine the pressure you are under right now. Financial pressure and marital pressure are a bad combination. It will be interesting to see how long you can withstand it…
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HiiFii Celebrity Entertainment » Double AdSense Income With One Simple Tweak
December 5th, 2006 at 8:45 am
Kramer auto Pingback[…] Casey’s blog has enough traffic that he should be able to make $3,000 or more per month if he monetizes it correctly. Add this to the $3,000 income he is making from his current job and the combined total could help him a lot – especially in light of this recent post where he states he needed to make some serious money quickly, or risk having his wife leave him. She asked me if I have a plan. The base salary with Chris is not enough. She is saying that almost three years of marriage on a financial roller-coaster is getting old. […]
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Fake Blog to Pull-in Money
December 5th, 2006 at 8:50 am
“There’s the property record for the Dallas house. Either Casey is the hacker of the week, or he bought at least one of the houses.”
Casey is not lying about this. What he is not telling you is that he is dramatizing all of this to pull in add money, to get people to visit his.
Yes, Casey committed Fraud and is now Spinning the story to make money. The sad part here is that he is raping people’s good faith, thus, why you see some original posters getting so frustrated and “angry”.
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Jeffrey Skilling
December 5th, 2006 at 9:10 am
One more week til Jeffrey Skilling reports for Prison Time for the next 24 years. Jeffrery is due to report in on the 12th of this month.
Casey and others, you have to hand it to the folks who came up with this amazing system called slow torture. Jeffrey is currently at his home (confined) until the 12th at which time he then has to report to Prison.
Imagine how tempting, how frustrating it must be for Jeffrey as the count down nears. Should he make a run for it? Should he stage an elaborate death to get away with it? A zillion thoughts must be racing through Jeff’s mind at full speed to no avail.
Casey, what’s on your mind when you think about the Fraud you committed and all those people who did not get a lone because your’s went through? What about how you artificially inflated property tax for those neighborhoods?
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Roberto
December 5th, 2006 at 9:30 am
Billy Jack,
I am interested in your success story. Can you give more details in how you did it? I am learning a lot from this blog in “not what to do” and “what to do”.
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zek
December 5th, 2006 at 11:19 am
Here’s another idea. 1st claim bankruptcy and get over it. You cannot get out of this sinkhole. There’s nothing left to save (wife’s credit was ruined in 1st forclosure).
Then you can begin your new carreer as a motivational speaker. You can easily pick up 15-20K an engagement telling everyone how you lost everything and then picked up the pieces to begin life anew. The one common denominator of every hit to this site is the train wreck is facinating to watch even if it painful to watch the denial. This will translate into $’s if you can speak well and keep the irrational exuberation aspect of your personality. Hopefully your wife will still be there.
I think you can do this IF you stay out of jail. Even if you do go to jail for a couple years you can defer this new venture until you get out. Jail will make a more compelling story to feed the public. Perhaps there’s also a book & movie. Like “Catch Me If You Can”.
zek out
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Activitie
December 5th, 2006 at 11:38 am
I’ll be kind with this comment.
Seems to me that you are trying to get from Point A to C without going through B.
What I’m saying is that everyone has to pay their dues. You don’t go from working in the mail room to CEO in one fell swoop.
All you are seeing is C, you need to focus on and achieve B.
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seringas
December 5th, 2006 at 12:11 pm
Time Will Tell (fake), you wouldn’t be so tough if you say it to my face!! ha ha, the jokes on you because this real estate is really complicated and casey took ALL the courses to understand it. i bet you don’t have any skin in teh game. p0wned!
Casey, amigo, what is it that all successful rich investors say. Buy low sell high. Well things are pretty low now, so buy buy buy! Don’t worry about your wife, you’re the boss and pay teh bills so what you says goes! Don’t listen to these haters.
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Jeffrey Skilling
December 5th, 2006 at 12:37 pm
“Even if you do go to jail for a couple years you can defer this new venture until you get out. Jail will make a more compelling story to feed the public.”
Very true. It would be great story telling about Casey and his new Bubba wife.
Casey can tell us how he eluded Bubba on those loonely nights in that 4×6 cell. How many times he woke up in the middle of the night with Bubba on him, etc.
Get come Vaseline - I hear Jeffrey is stocking up with volume.
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Retire Young and Wealthy
December 5th, 2006 at 1:24 pm
links from Technoratinever refinance your loan to buy a non-appreciative asset like a car, holiday or house renovation. I don’t think it is even a good idea to restructure your debt (credit cards, personal loans)using your mortgage. Here is one way not to manage your financial affairs. Disclaimer: This is just my opinion, seek professional advice before making any financial decisions.
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Stephanie J
December 5th, 2006 at 1:33 pm
I really don’t think you need to challenge most of these people to be early risers, since most people do rise early every day to go to their JOBS.
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Scott
December 5th, 2006 at 8:04 pm
As the pressure builds, you might want to keep out of Jamba Juice - potential E Coli contamination!
http://www.dailynews.com/ci_4783451
Stick to Starbucks, my good man.
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Ethical Realtor in DC
December 6th, 2006 at 7:00 am
While I think the wife should run for the hills, some of the responsibility is hers - she is not just a victim…
1. She chose to marry a guy who had lied to her about something very fundamental - his financial stability
2. She gave her SSN and good name to loans for properties and deals she didn’t agree with or understand
3. She let her other half, who had already proved to be financially unstable, to use her personal credit cards for his business debts
I once wrote an article on women who let men ruin their credit. It’s called sexually transmitted debt. She didn’t take appropriate care and now she’s got a black mark on her credit report for at least 7 years. I do hope the good (stupid) people you are borrowing from are not her relatives or friends.
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Scott
December 6th, 2006 at 7:35 am
Casey, any clues as to the source of the $4k? My money’s on CashCall.
Also, I know I’m not the first person to nag you about this, but we really need to have a blog entry from your wife. I’d chip in $10 through a PayPal tip to read a juicy entry from her, as many other faithful readers would too, I’d wager.
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Leet Inspector
December 6th, 2006 at 11:00 am
Seringas,
It’s pwned. Never p0wned (unless you’re Strong Bad). I’m afraid I’m going to have to revoke your leet speak license.
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Anonymous
December 7th, 2006 at 1:34 pm
@You are ok:
I remember what it was like to be 24. At 24, I had been supporting myself and a shiftless, job-avoiding boyfriend for 3 years. And 28? At 28, I put 10% down on a house that I will have paid off in 18 more months when I am 43.
24-year-olds who still think and act like children is what you end up with when you let toddlers decide when they’re ready to be weaned and potty-trained. They just never really grow up.
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Mark
December 8th, 2006 at 4:14 am
You don’t owe it to her. What you do owe is somewhere over a million dollars (I’m not counting, and neither are you by the sound of it).
If she seriously expected you to support her through University, she is, at best naive and irresponsible. I hope she leaves you for her own sake, but like attracts like.
However, you are what you do, and you’re a self-confessed liar. An honest man may not get far in this world, but he also won’t get into this situation.
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Catherine
December 8th, 2006 at 10:35 pm
Wow Casey I haven’t been here in a couple of weeks and quite a bit has happened here. I am concerned about your situation with your wife. I divorced my ex husband because he never stopped making one crazy financial decision after another. When two people are drowning it’s each person for themselves. I had to get out to create something for our son. He has also lied about his financial situation before we were married. I had the perfect credit just like your wife. I could have fixed it all and did a pretty good job at getting us in great financial shape, but just as we would be about to buy a home he would run out and do some crazy entrepreneurial thing that wouldn’t work and deplete our savings. This would then snowball into another mess that I would have to straighten out. After 7 years I just couldn’t do it anymore. At some point you have to do something to change this situation or she will leave. A spouse can stay through most anything if they see the other person making change. My situation was heartbreaking and I hate seeing you make the same mistake…
Catherine
PS. My credit was affected by what he did and it took me 5 years to get all his junk removed from reporting on my credit. The IRS is still after him for back taxes and contacts me from time to time. We have been divorced almost 9 years.
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Josh
December 9th, 2006 at 2:30 am
Here’s the MOST BASIC, MOST STUPID suggestion (to those still looking to marry): in a marriage, AT LEAST ONE person should have good credit.
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Rich Twin - Staying Healthy and Wealthy
December 9th, 2006 at 5:34 am
links from Technorati after my brother mentioned it to me. At first I thought it was a scam with how much attention the writer of the blog showed in his posts and site. Even though I know I shouldn’t be reading about a train wreck, but on his latest post http://www.iamfacingforeclosur.....ent-11331, one comment from a Bill Jack caught my eye. Billy Jack CASEY, I GET UP @ 4:00AM EVERDAY, TAKE A SHOWER AND GET DRESSED, DRIVE 45 MILES ONE WAY THROUGH THE WORST TRAFFIC ON EARTH, WORK MY ASS OFF UNTIL FRIDAY, HUNT/FISH/SPEND TIME WITH MY
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mejustme
December 9th, 2006 at 3:43 pm
Marriage Historian: ROTFL
Miguel: Any idea what Leeson’s up to now?
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chronicles
December 11th, 2006 at 5:06 am
links from TechnoratiCasey’s blog would cheer me up
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