Spoke with the lender on Burdett propery. The received the short sale offer at 240 but its too low because there are about 30 grand of costs: agent commissions, closing fees and buyers want some cash for repairs.
Lender countered at 275 which they claim is the appraisal value of the property. The buyer has untill 1:30 PM PST to respond or the house goes to the court house steps for a foreclosure auction.
I hope I can avoid foreclosure on this property. If not, at least I did everything I could. Another foreclosure now is probably not going to hurt my credit score that much more.
(Note: please be patient with the comment moderation in the next 48hrs as we are in the middle of a server migration.)
97 Comments
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I hope I can avoid foreclosure on this property. If not, at least I did everything I could. Another foreclosure now is probably not going to hurt my credit score that much more.
Casey, why do you insist on constantly baiting your readers/haters? You’re very poor at it and it’s getting old.
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“Another foreclosure now is probably not going to hurt my credit score that much more.”
Can you post your FICO again? I’ve never seen a score in the 300s and I think maybe you have suckseeded.
“If not, at least I did everything I could.” At one time, this little jewel of a nugget would have generated 100 angry comments. No more.
You are looking very unhealthy. You need some meat. Do you want me to send you some wait gain recipes?
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What is it you THINK you’ve done to avoid foreclosure?
Have you mowed the grass or planted any flowers? Have you done ANYTHING at ANY of your houses to try to improve their value and make the banks losses even a LITTLE lower?
It’s nice you think that you are doing all this HARD WORK and trying to be a “man” and get the bank back “at least some” of their money… but in reality you stole from each of the banks (with cash back at closings) and you have done essentially NOTHING (no work) to earn money and try to repay your debts.
Your next fiasco will just be a continuation of this one, with corporate credit (if you can actually get any) paying off debts that you already owe for expenses and assets that are already gone… then your corp will start to default on those loans and the cycle will continue.
People like you need to be fixed… to purify the gene pool for future generations.
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Everything you could? everything you could would be not buying eight smucking houses without a J O B and any way to pay for them. Karma is a b**** , and I hope it smacks you upside your dopey head someday.
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Now serving Number 3! Now serving Number 3! Anyone? Anyone?? Back to the bank it goes! Next!
Yep, you did everything you could, all righty!
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OK,
More information on the Burdett™ transaction. Here is how it played out in greater detail:
December 19th - Received the short sale offer from the buyer. I had returned from a late night business meeting™ and I thought it was a magazine subscription and put it in the “low priority” mail pile.
December 26th - After enjoying several of my sweet™ Christmas presents, I started wondering why I had not received the offer, as I had been in negotiations with the buyer since late November. I assumed that the buyer was still preparing the offer sheet. I decided that because of the Holidays and that sonce so many people take these two weeks off that I would wait until after the first of the year to contact the buyer for an update™.
January 14th - I got a call from the Burdett buyer™ asking if the lender had made their decision on the offer. I was stunned that the Burdett buyer™ had sent me the offer and that it somehow had slipped through my meticulous filing system™. I bluffed my way through the call (I know I shouldn’t have - I’m intending to be ethical™ in business, but I didn’t want to give the impression that I wasn’t being professional™ and that I lacked business prowess™). So I told him I would follow up with the lender and give him a heads up™.
January 30th - While opening my mail I found alot™ of things that I previously had made a note to take care of™ including the short sale offer for Burdett™. Wow. The offer was signed November 30. That one sure slipped through the cracks™. At least I didn’t loose™ it.
February 9th - I put the offer in an envelope and intended™ to mail it.
February 13th - Put on stamps and placed it on the kitchen counter to put out for the mail man (I hope he has bird dogged™ some sweet deals™ for me.)
February 19th - put it out for the mail man, but today was a Federal Holiday. Maybe the mail man will pick it up tomorrow.
February 21st - Bank left me a voicemail message (I mistakenly thought it was CasCall™ calling so I did not pick up) saying they were in receipt and would get back shortly with info.
February 22nd - Bank called back (again mistakenly let it go to voicemail thinking it was CashCall™ - I have to get more disciplined™ in paying attention™ to incomming calls). They said that they had reviewed the offer (Oops! I should have done that first…), but said it was too low. They would mail me their counter offer that afternoon.
March 8th (yesterday) - Bank called again (thought it was CashCall™ since they call me at least 40 times a day - no joke) and left voicemail asking if I had reviewed their package, they said they mailed it on the 22nd, and it was set to expire today. Good thing I let the call go to voicemail™ or they might have gotten the impression that I was acting in an unprofessional manner™ by not having responded.
I spent most of yesterday afternoon looking for their counter. When I found it at about 8:30 last night I was too tired to review it so I made a mental note™ to do that today.
10:00 - Not quite an early riser™, but I was awake and refreshed. I opened the lender’s counter offer and saw that they were at $275 with only 3% cash back at closing™ (Hmm, that’s only $8,250 - I wonder why they are so stingy?). I read the original offer at $240 and saw why the bank had rejected it: The Burdett buyers™ wanted $110,000 cash back and had a notarized contractor’s estimate to repair the settling foundation, roof leaks, non-code electrical and plumbing, replace the inoperative heat/air conditioning unit, new appliances (when I purchased Burdett™ it had none), re-route the sanitary sewer so it would not bubble up in the front yard creating a health hazard, replace the cracked windows and repair the termite damage. Grand total from the estimate: $109,776.51.
I should have had an inspection before I purchased the property.
Anyway, at 11:00 I called the buyer to tell them they only had until 1:30 to accept at $275.
I wonder™ if they will.
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Casey Serin, get a job. That is my advice. Trying everything you could would mean working and sending actual money to the lender.
Your friend Cotton Swaby
Award Winning Commenter -
What did you do to sell this property besides buy it?
Did you fix it?
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Anyone willing to pay $275k for that in house in that neighborhood is pretty dumb. $220k is pushing it.
The bank should have jumped at that $240k offer, IMHO. If they don’t relent, they’ll still be trying to sell it for LESS money three or four months from now. If its ultimately sold as a REO, I would expect it to sell for something more in the range of like $180-200k than $220-240k.
They are some beautiful, 1500sqft+ homes in Elk Grove that are being listed for under $325k. The days of people paying upper $200k for similarly sized home in the worst neighborhoods of the Sacramento area.
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So, that shoe is about to drop….how ’bout the other one…New Mexico…..any update there?
I too am curious what damage 2 (or 3, or 4) foreclosures can do to a credit score.
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I’ll give you $500 if you can prove you made $50k in w-2 income in any year. Go ahead, ignore this.
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The buyer should just wait for the foreclosure auction. The bidding will probably start at 180k, and no one else will bid.
Then it would be a win-win for everyone.
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Balance: $294,890.91 @ 8.875%.
Payments: $2,551.76/mo (no payments since August 2006)
Taxes and Insurance: included with payment
Loan type: ARM 2/28. Fixed rate interest-only payments till Feb 1st 2008 (2yrs), then converts to adjustable rate with principal payment. Means the payment will go up some depending on future interest rates.
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So even if the bank gets$275K they will still be out a bunch of cash. I don’t exepect them to be happy with any sort of loss.
295-275+7*2.5 = 20+17.5 = 37.5K
Is the value before penalities that looks like the best outlook here.And crap 8.8%, you sure like your carrying costs high. If you could swing reasonable rates your carrying costs would be a lot lower and you would have more time to find buyers.
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Has anyone donated to casey’s tip jar yet?
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I don’t know who the bank got to do that appraisal, but you’re getting screwed Casey. Wait, what hell was I thinking. Casey, you screwed the banks. This should be a sweet month for you!
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Casey that house is NOT worth 275 noway!! The market has come down alot and i think will keep coming down.You bought to high and cant sell now, bad timing on your part.
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Casey
why don’t you chip in the 35 grand?
You took it out as cashback in the first place.
it was not really your money.
And the deal would get done.here is your chance to prove you really did everything you could.
Otherwise, it just rings hollow….
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Kid;
“…and buyers want some cash for repairs.”
Cash back to the buyers, huh?
Ain’t THAT “sweet”?
Little hobbit, if you found someone willing to pay 240K for that Kruschev-era crapshack, that bank should jump that action with the quickness.
Of course, the prospects should tell the bank to go piss up a rope. let it go to the courthouse, and then pick it up for a LOT less than 240K.
The mortgage company can stuff their appraisal with both hands where the sun don’t shine, and walk around on their elbows.
The difference is all gonna get written off as a loss to the bank, and taxable income for you,(as far as IRS is concerned), laddie.
ASW:equity
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#16 Tip Jar:
“Has anyone donated to casey’s tip jar yet? ”
Oh, is THAT what that is?
I contributed, but it wasn’t money.
Hey, you know how it is, when you gotta go…you gotta GO!
ASW; cashback
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What’s amazing is that you’ll be one of those guys, 5-10 years from now, talking about the “real estate empire” he had, while trying to get people to sign up for your LA Fitness health club promotion (free 24 oz. juice if you sign up today!).
I know you like to dis work, and jobs that are seemingly beneath you, and I, on many days, felt the same way at 24 years old. I can tell you, though, as the owner of a successful business at 38, that I learned a lot of valuable lessons working for other people, as in what to do and what not to do, and just how hard it is to make money. Thus, I’m still in agreement with Nigel Swaby: get a job! That’s not an insult, it’s a helpful piece of advice, and one that you’ll be grateful for years from now (perhaps as the head of a vast real estate empire).
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*snicker* antispam word = winwin
Casey, I thought you were getting a W-2 job and working on your resume… How’s that working out for you?
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Hey Man Casey,
Remember those Acres.
Its March - how are the goals going ?
Whats the follow up with that geezer you took a plane to see ?
How often are you getting up at 6am ? or was it 5am ?
Casey - that 96 unit apartment building has come down in price by $50K. Let me know if you’re interested okay !
Loads O Money
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You sent in a short sale including cash out for the buyer?!
What are you smoking? Or is that legit business in CA?
I am flabbergasted. Well, since the subprime mbs market has collapsed, we can confidently predict that not a single damn property is going to sold short. The will all, every last one, end up REO and sold with seller financing to someone able to put 20% down on market value.
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The trial will be held in mid-September, on September 20.
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sweet!
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Casey, have you considered the increase in financially frustrated people in the very near future? They will want someone or something to blame. Believe this, you do not want to become the “poster boy” for others hardship.
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Our Hero did everything he could, and then some.
But hey, it’s all good. (Including the anti-spam word.)
Casey Serin, have you heard from CashCall lately?
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I don’t see why all you haters are saying he didn’t do anything to avoid foreclosure on this property. After all, he registered the domain name “buyingapartmentbuildings.com”!
What more do you want?
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Ok Casey you know I’m one of your supporters having chatted with you a few times. I think that its good you’ll have a fresh start soon. Contact me and we can discuss how I bounced back from my foreclosures. But I wanted to tell you that I thought the photoshopped book was really funny. I know you got a good laugh.
THR, Inc.
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The bank turned down 240K for that POS? What morons! I would not be surprised if they hold onto it for a year trying to get their price then throw in the towel and sell for 150K. Someone may get a Sweet deal in the end. Sweet like Jamba Juice. Its all good!
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Casey,
Your obsession with your credit score is very unsettling. You really need to learn that a credit report is just gossip. It’s a collection of rumors that are passed around by your creditors to determine their enthusiasm for loaning money to you.
A credit score is not an asset.
Your credit report doesn’t belong to you.
Its only use is putting you into debt.You need to learn to acquire assets, not borrow someone else’s, and letting go of your credit score would be a good start.
At 34 years old I have managed to accrue nearly half a million dollars in capital, and not a lick of debt. I couldn’t care less what my credit score is. (It might be low, as I carry no debt.) It feels really good to not have to ask permission (from a bank) to make the investments I want to.
Think about it, man. Let your credit score go.
CM
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Hey Casey,
I got it. All you need to do is borrow Japanese Yen at 0.5%, convert to dollars and buy real estate here,
Sweet,
Remember me Casey when u get rich,
Loads O Money
Sweet -
“I hope I can avoid foreclosure on this property. If not, at least I did everything I could. Another foreclosure now is probably not going to hurt my credit score that much more.”
Security word = “Juicy”
Stop with the bait and fluff. We want substance. The S.S. Casey is sinking and it’s going down faster than Anna Nicole Smith in a room full of Billionaires.
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Casey, I know is passé, but why didn’t you just start with 1 house, maybe 2, sell those then buy again after having sold the previous ones? You can’t blame anyone for that decision but yourself.
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A little while ago someone made a post comparing you to Borat. Now you titled this post:
“Burdett Avoid Foreclosure Deadline”
Do you actually think that title makes sense? Grammar Avoid Usage Of!
Jagemash!
“I hope I can avoid foreclosure on this property. If not, at least I did everything I could.”
Good one! Thanks for throwing us commentators a bone. People will be plenty happy chewing over that one.
“Another foreclosure now is probably not going to hurt my credit score that much more.”
Casey is…correct? This make my brain hurt!
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Did you know anything over $600 in forgiven debt will be percieved as income to the IRS in the form of a 1099? Looks like you’ll have a banner year here and come out with at least 200-300k in 2007! Don’t try to get a loan on that ‘income’, I know you you little rascal… It’s too bad you’ll now have the IRS as a creditor and since you won’t pay any of the taxes on that income it looks like they’ll be ganishing any wages you’ll ever make and seizing all of your bank accounts. Here’s your future…
Served divorce papers by G.
Working as a day laborer for cash
Paying all bills (if any) in money orders
Sleeping in parents basement -
“I hope I can avoid foreclosure on this property. If not, at least I did everything I could. Another foreclosure now is probably not going to hurt my credit score that much more.”
You made some half assed attempts at selling Burdett to an investor for around 200K, on a loan that was over 300K.
Your credit score isn’t even in the toilet anymore. It’s been flushed down the pipes and is in the waste treatment plant. You’re never going to get it back. Quit worrying about it. You have much bigger issues for the foreseeable future.
Shouldn’t you change the name of the blog? I think “I Faced Foreclosure and Lost” would be appropriate.
Are you ever going to detail how much cash-back you took from each property? Inquiring minds want to know.
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Who cares if 275 is the appraised value? The buyer is looking for a deal. They aren’t going to buy unless they get a deal. The bank is going to pay more if it goes to foreclosure because they will *maybe* get the 275, but only after selling fees of 20 or more. The bank is being short sighted, but who cares. This deal will not get done.
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I am facing foreclosure - I got laid off- was unemployed for 4 months - really should have had more reserve - no family to lean on - just got a new job this week - I am only two payments behind - and bank is threating - any thoughts? I should be able to catch up in 2-3 months - bank seems unwilling to negotiate.
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It’s been a while since I’ve visited IAFF–did I miss anything? Hmm, apparently not. Oh well, I guess I’ll still check in every now and again to read Timeline Guy’s posts.
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I’m a recruiter and have many full time jobs with employers who are intersted but I haven’t been able to find your resume on dice.com. Where is it?
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How exactly can one communicate with the bank at this point?
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You spent over $2.5 million, and all you ever got was within the orbit of WalMartVille. How sad and pathetic is that? You will be lucky when they take this place off of your hands.
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One day i realised I didn’t want to have to get up in the morning and…… go to work. I didn’t want to be like all the ….. [i]drearies[/i] and [i]normals[/i]. I wanted to create my own world — a world full of colour where everyone could play. One big party that never ends.
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No, no, NO. We are not going to start with Michael’s pathetic childhood. ‘I was molested. Boo hoo hoo.’ I had a hard time growing up too.
— James St. James.
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question for CaseY,
so how much “UNDER THE TABLE” did you get???
why you have to do “UNDER THE TABLE”???
what’s there to hide? hide from who???
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Is it still possible to do deed in lieu of foreclosure?
If not, why not?
Curious.
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Hey Casey:
What’s the status on the homeless dude at the property?
Did the short sale offer take into account the “homeless dude” who is/was living on the property? Perhaps he’s why the lender felt the property was worth more???
Do you think the homeless dude will continue to live on the property after the forecloser?
So, what’s the status of the Modesto property? Will the short sale go through there, or will it too foreclose?
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“I am facing foreclosure - I got laid off- was unemployed for 4 months - really should have had more reserve - no family to lean on - just got a new job this week - I am only two payments behind - and bank is threating - any thoughts? I should be able to catch up in 2-3 months - bank seems unwilling to negotiate.”
This situation is quite simple.
step 1: Quit your new job and buy several homes from sellers who are willing to do shady deals to get enough cash back to pay off your current mortgage. Claim that you are making 250k per year plus to make sure the deal goes through. Should take 4-5 sweet deals to pay off your current house if you play your cards right.
Step 2: Vacation in hawaii
Step 3: Create blog about how you are doing everything you can to pay back dirty pennies.
Step 4: Go on important business trip to Aspen and rent a BMW for the week. Take pictures of dead animals. Declare the trip a success!
Step 5: All those sweet houses are now owned by the bank. (suckers) Your house is now paid for and you have no debt. Sweet!
Step 6: Go on TV and talk about how you are the victim. Make sure that they mention that you haven’t been charged with a crime.
Step 7: to be continued………. -
Hey? Where did my questions go?
Who is Gary?
Have you done your taxes yet?
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Warning notice to be issued to borrowers
By Emmet Pierce
UNION-TRIBUNE STAFF WRITER
March 9, 2007Warning that mortgage loan fraud is growing at an alarming rate, the FBI and the Mortgage Bankers Association agreed yesterday to cooperate in a partnership to protect lenders and home buyers.
Advertisement“Fraud against lenders is a growing problem that hurts everyone throughout the mortgage process, from the lenders themselves through the brokers and appraisers to the consumers and the communities we invest in,” bankers association Chairman John M. Robbins said at the National Fraud Issues Conference, which ends today at the Omni San Diego Hotel.
At the meeting, Robbins and FBI Financial Crimes Section Chief Karen E. Spangenberg signed a memorandum of understanding to issue nationally a new mortgage fraud warning notice.Lenders would distribute notices to borrowers warning that mortgage fraud is punishable by up to 30 years in prison, a fine of $1 million or both.
The warning “is a reminder that this is not a game you can play anymore and expect not to be punished,” Robbins said.
The number of mortgage fraud cases investigated by the FBI has more than doubled from 436 in 2002 to 1,036 now, making it one of the fastest-growing white-collar crimes in the nation, Spangenberg said.
She did not provide statistics yesterday for the San Diego area.
Lenders estimate that fraudulent loans cost their industry more than $1 billion a year, “and that’s a conservative estimate,” Robbins said.
Reports of suspicious mortgage lending activity filed by financial institutions have quadrupled from about 900 in 2003 to about 3,600 last year, he said.
Analysts say such crimes often go unprosecuted.
“Fraud is down the pecking order pretty far in terms of government priorities,” said Richard H. Wohl, president of IndyMac Bank.
Wohl spoke at the opening session of the conference, which brought in about 400 lending industry professionals from around the country. He urged lenders to tighten underwriting practices.
“Fraud is at record levels,” Wohl said. “A lot of us are seeing deals pushed in our shops that never should get through the front door.”
Fighting mortgage fraud is a priority for the FBI because “mortgage lending and the housing market have a significant overall effect on the nation’s economy,” the agency said in its financial crimes report for fiscal 2006.
The FBI says mortgage fraud is difficult to track, in part because the lending industry is not required to report it.
The bureau investigates mortgage fraud in two areas: fraud for profit, or “insider fraud,” and fraud for housing.
In fraud for profit, the motive is to falsely inflate the value of the property or to issue loans based on fictitious properties. About 80 percent of all reported fraud losses involve collaboration between industry insiders.
Fraud for housing is a crime committed by the borrower. The motive is to acquire ownership of a home under false pretenses. Such borrowers may misrepresent their income or employment history.
A popular method of mortgage fraud is a form of “property flipping” in which the value of a home is artificially inflated through false appraisals. The property then is repurchased several times at higher prices. Eventually, it is foreclosed upon by a victim lender.
In other matters yesterday, Robbins called for standardized licensing requirements for bank loan officers to make sure they understand the mortgage process and can explain it to consumers. Requirements now vary from state to state.
He said people in other professions go through a licensing process. “You have to be licensed to be a hairdresser,” Robbins said. “We need some kind of basic education, some competency test.”
Outside the conference, Gary Wong, senior vice president of residential lending for Union Bank of California in San Diego, said large banks in the state don’t have licensing requirements for loan officers.
“My loan officers here do not require licenses to operate,” Wong said. “Obviously, we have our own internal regulations, guided by the federal government. The level of oversight is intense.”
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casey what kind of coporation are you using? c corporation S corporation or LLC? which did the attonrey’s reccommend to use? and why is one better?
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Does this mean you are almost done with this? Because if this house forecloses you only have one more (two if the weirdly wrapped one goes unwrapped).
So, this is it? are you going to end up with just your credit cards debt? or there is something more?
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you should have atleast had the houses all rented with the option to buy, untill you can get them sold and have them listed on the MLS and market them yourself marketing your incentives to buyers….. so your debt wouldnt be as bad…and market to investors. but thats what happend when you buy 8 houses all at once. i think you were trying to quit ur job and sell each one all fast making money on each one so you have a lot of money. but you lied and went out of state. you should have started slow staying close with 1 house 100% loan with money in a savings account making 5%. or put money down on a second house so you can atleast break even with the rent…till you sell ur first one…then sell that second one since it could be just a month to month lease.
and declaring bankrupt would take care of cashcall and your credit. and getting atleast a part time job since you dont want to work full time.
have you tried consoladating your cards all onto 1 new no interest (introdcutory 0% for 1 year…a credit card for bad credit)??
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Casey,
Nigel claims that you gave him a copy of your resume. Is there any chance that you can post it here, once revised? Haters aside, there might be some potential employers visiting your blog who might be at least interested in looking at your resume.
I don’t know what your background in programming is, but the US market for programmers is booming again. I do know that college grads are getting $90K offers as programmers, and my guess is that if you know C# or Java and can communicate effectively, the floor on wages is going to be around $40K. If you can easily deal with pointers in C++ and C (something many college grads getting the $90K offers can’t do), you can probably knock it up another $10K.
A job as a programmer would be a big improvement over Macaroni Grill. I’d suggest getting some practice in C#, Java, maybe C++, and trying to get some certifications. If you’re getting linux hosting with your new hosting plan and it comes with a shell account, it should come with a Java compiler. That will give you a chance to get some practice in.
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casey have u thought of doing notes i.o.u’s to make some monthly income on the side? could you explain anything about that if you know about it….
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what is cashcall doing and saying right now? are they trying to make threats? how long have u missed their payments.?
i think itd be cool to learn how they handle missed payments if they keep calling? saying the same thing….or do they try to work it out with you? it could be a valuable education for all of us.
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kim koysaki is kind of hot. id date her.
Enron is in the midst of paying its creditors….
donald trump was in billions in debt in the 90’s and people left and stoped working with him
robert and kim koayski was in debt and had no money sleeping in their car for nights and nights
my mom’s dad went from sleeping in his truck like a bum, to owning his own small disel truck company and buying two houses that had to be bought toghether, and invested in a hotel building and was a shareholder and owned the houses with all his own money
eminem dropped out of school when he was 15 worked at a restruant and tried scuacide before he made it as a rapper and made his first cd and didnt sell many copies and got bood off stage and laughed at his first time rapping on stage and got beat up and didnt make it as a rapper till he was 24
all these people started at the bottom but they still made it
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Fair play to you Casey, you lucked out but at least you’re sharing your experience with the world. At least you’re finally shifting your properties and there’s light at the end of the tunnel.
Good work.
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Yeah Casey,
I’m with the dude from #34.
Let go of your credit. I too am up to half a million with no credit…It’s hard work bro! Being granny’s trust fund kid is tough!
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Cornholio #34 — actually this isn’t just Casey’s problem - it’s an American thing! Casey, I was amazed by your command of English in that recent video - people who speak English as a second language like (I assume) you do are the envy of all English language students preparing for a TOEFL test or some other language test. However, you have taken the ‘integrative motivation’ thing waaaaaay to far: you come across as 100% American linguistically, but if you are worried about your credit score, read #34 again: your credit score a tool used against you to extract your money in the form of interest. The language is fine, but FICO is one aspect of the USA that you can jettison. Only the perpetually cash-poor fret about their credit score…
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I used to be able to count on coming here to Iaff for a good chuckle, a huge dose of disbelief and even some good old fashioned hating…..
These days I come here when I’m having a touch of insomnia…..I can count on this blog to put me to sleep.
You’re going down Casey, and soon you probably won’t even have an audience to watch you sink.
Give us the real details, the good stuff…….what you really do with your days or how you can face your family and “friends” knowing that you have become a complete joke with your name being synonymous with “loser” (looser!). We want the juicy details…does “G” even speak to you anymore or is she too busy trying to figure out how to extricate herself from this freakshow before the $hit hits the fan? What’s going on with Cashcall…….how many times a day are they calling you and how’s that working out for you? I don’t think any of your readers really give a darn about any of “your” houses anymore…foreclosure posts just aren’t interesting to us anymore…we’ve been there, done that with you.
Your hits are going down, down, down……you need to dream up some fresh, new, big screwup pretty quick to share with us, or else start answering people’s questions to keep your audience.
I feel sorry for you, soon….(most likely while your’e sitting in jail)…this time of your life will be “the good old days” to you. You’ll remember your date with Nigel, all the jamba juice you drank, dinners out at the Macaroni Grill, how successful (or so you think) you looked in all of your “publicity” photos, your blue ball and the fact that thousands of people logged on daily to read what you had to write. The sad part is, it’s all smoke and mirrors…none of it means anything (except to you). You are NOT a success, you are a slimy spoiled little boy with what are obviously some very real mental problems. At best you are merely narcissistic and delusional….most likely you have antisocial personality disorder as well as ADHD and histrionic personality disorder. You’re a sick, sick boy and soon you’ll be a very lonely, sick boy.
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Why do you all insist on continually telling Casey to get a job? He’s obviously not playing with a full deck, as he has himself convinced that he is a good entrepreneur.
The best thing everyone could do is to leave this site and never come back. He’s feeding off the attention. By no means should anyone donate a *thing*.
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Casey,
Your new host is MUCH better than the previous one. Mad props to Heekee for helping you out in your time of need. You need more friends like that.
BTW, your readers sure would be interested in an update that addresses some of the big issues you’re facing. CashCall, the $50k CountryWide loan, the short sale on Friday, plans on dealing with the IRS, etc, etc. qualify.
TIA and congrats again on the new hosting relationship.
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Hey Casey - Great news on your media venture - I just heard about it.
Well - remember me when you are both rich and famous,
Sweet,
Loads O Money
ps. let me know if you’re interested again in that apt building - the seller is really motivated, and they now changed the cap rate to a whopping 16%. Let me know asap.
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Once again, Casey, how do you pay for you day-to-day expenses, like food, rent, utilities, toilet paper, soap, laundry, etc.?
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So Casey enough with the trolling, how ’bout some real juice?
Utah payment
IRS taxes due
you and the missus
job search
New Mexico short sale update
Modesto update
yard sale updatekeep squeezin’ it
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“The second vice is lying; the first is running in debt.”
-Ben Franklin -
Not Casey
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Hey Twerp;
Why is it you never answer any questions posed to you on this blog? Questions, such as:
1. Whatever happened to the man that was living (squatting) in your house? You made quite a big deal about him, threatening to lock in his car or have it towed away, when all he was doing was living in the house…you know, the one you stated on your loan application that YOU were going to be living in. After all, you didn’t pay for it, so why should he?
2. Just who is the “Money man” you hooked up with in Utah, anyway. Was it really some real estate big whig, or perhaps someone as dulusional as yourself, just out of the state hospital, off his meds and running amok in an orgiastic frenzy of wheat grass shots and Mcmansionmania.
3. What is your source of income? How do you manage to pay for the expenses of daily life (rent, food, Jamba Juice?) You wouldn’t be starring in gay porno would you? If so, the only way I could imagine it (now there’s something I’d rather not think about) as a ‘bottom.’
4. Is it possible that Casey Serin is indeed more stupid that Douglas Feith (Neocon extroardinaire) who was cited by no less of a great American than General Tommy Franks as being “The stupidest f****** guy on the planet.”?
Your attempt to answer any of these questions would be greatly appreciated. Your admiring public demands to know!Subkommander Dred
PS: Anti-Spam word- success
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To the haters…
If you guys are in Casey’s situation here you just file bankruptcy and find a minimum wage job? Oh pleeeeaaasseee….You’re all idiots. You don’t go flip burgers. Not a chance. I’d rather be shot in the face and so would you.So many ‘ethically pure’ successful buisness men here eh? I’ll bet you are….I’d really really bet you are… You hate Casey for exposing you. Most of you are Casey. Or just as easily could have been. Hitting a little to close to home I think for alot of you.
I’d love to know how many lenders, brokers and so forth post here…
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ASW: loose
Casey, do you mean loose or ‘lose’?
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Hi Casey,
I work for a company that can enable you to leverage the equity in a property to pay off a mortgage. It is continually rescuing people from difficult financial situations. It’s an incredible program… no refinancing, no exchanging one debt for another, just legally and easily paying off your mortgage. Far better than bi-weekly or any other program out there. No refinancing, even! You can also sell the program to other people. My site should be finished in the next week or so. Drop me an email for more information.
Jamie
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@62. CASEY ANSWER
“all these people started at the bottom but they still made it”
Donald Trump never started at the bottom. His dad was a big time NY RE developer and a multimillionaire - in the 40s and 50s - when it meant something to be a multimillionaire. Do some research before you spew off baseless garbage as examples.
The more-than average number of spelling and grammar errors in your post betray your minimal, pathetic public school “education”. No surprise you’re a Casey supporter.
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I thought CashCall had some teeth when it comes to dealing with deadbeats. As it turn out, they’re a bunch of pushovers.
I’d love to see them get raped and pillaged by the new hoards of foreclosure losers looking for quick cash.
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Casey’s blog is a reminder to me of why this housing bubble is taking so long to burst. Here, we have an owner who has posted sufficient information for even the dumbest mortgage lender to realize that he has no chance of paying back any of his mortgages. Yet, it is taking months to play out.
Casey must be one of the only buyers foolish enough to make a public spectacle of himself, but he cannot be the only one. With the subprime meltdown reaching critical levels, Casey cannot be the only idiot with multiple houses in the process of foreclosure.
I for one, was unwilling to buy a house at the bubble peak for more than 4 times our household salary, though we carry no debt, and earn more than Casey will ever hope to earn in his lifetime. We sat by and wondered for many years… how can all these people afford to bid house prices up to these heights. They couldn’t. Casey couldn’t. Foreclosure are the new new thing. SWEET!
Unfortunately, if it is taking months to shut down Casey, it will take years for this ridiculous housing bubble to play out. I will continue to rent and pack away money (yes, Casey- you can still build wealth the old-fashioned way) until all the Casey’s of the country are bankrupt or in jail.
I just worry that they will bring all of us into a recession behind them.
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Which juicer do you recommend?
You can also make your own wheat grass shots:
http://www.wheatgrasskits.com/seed.htm -
re casey answer
The one thing they all had in common that casey doesn’t have is the willingnes to WORK HARD to meet their goals. casey has made it clear on this blog that work, of any sort, is beneath himand unproductive in meeting his lifestyle goals. He wants to get to their levels doing nothing more than playing around with sweet deals with other peoples money. Please don’ttry to bloat his head up and fill ot full of any more crap than it already is.asw cashback see the irony in that little casey?
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Casey,
You never did tell us why things “didn’t work out” with Duane. Please tell. -
Dude,
Quit dicking around and get a JOB!!
Or maybe you want to see how deep you can dig the hole.
Have you ever heard one of the great guru’s say “when you are in the hole, stop digging?”
If you have never seen this quote maybe you should go back and re-read all that great guru info.
Or just stop dicking around and get a F%$#ing JOB.
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#59:
Serin has no actual programming background. As his posts have evinced, his knowledge is limited to HTML; pumping out web pages has the same relation to actual programming that churning out his posts does to writing War and Peace; viz., none to speak of.
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1) Why don’t you take a hardship loan from your 401-k to
help pay the bills?http://beginnersinvest.about.c.....104a_3.htm
2) How long has it been since making any utility payments and how long does it take before they cut the utilities?
Thnks
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Funny how people will lambaste an amateur speculator for not predicting the downturn in the RE market. But they jump to the defense of professional lenders who dish out money without doing basic credit checks?
Speculators need to be aware of the risks of speculating. Lenders need to check credit before ladling out money.
To suggest that banks shouldn’t have to protect themselves, and should only have to rely on someone’s good word, is just retarded.
The lenders are intact — they’ve built bad loans into their pricing.
In fact, screw the lenders! They’re supposed to be the professionals; let this be a lesson to them to learn how to conduct their business.
Casey has financial problems for years to come. That’s his punishment.
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This blog is getting roughly 45,000 visitors per day. If casey were to put up adsense foreclosure/mortgage ads with google, he would be making around 6-7k a month from the ads and he’d have enough income to bring his loans current.
Last time he had adsense (about 4 months ago) he admitted he was making 1600 bucks a month but eventually they booted him due to clickfraud or some such reason.
Casey, your number 1 priority right now should be to get back with some advertising network and start selling ads.
Your audience consists of two types of people
1) intelligent people who come here to laugh at your sorry a** yet would never click on an advertisment
2) millions of moron flippers just like yourself who are so desperate to save themselves from financial ruin that they will click on any advertisement promising them salvation.
mortgage refinance/bankruptcy ads are the since highest-paying ads on the entire internet, after “mesothelioma” and “divorce lawyer.”
if you would just put up ads, you could have 7k in income per month, which might just be enough to bail you out of the last houses before foreclosure.
and yes- I do know exactly what your traffic numbers are per day. does zewg ring a bell?
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To all the new visitors who keep asking the same questions and making the same statements that other have done for 4 or 5 months, here are some important points:
1. Casey will not read your comments (he skims them)
2. Casey will not take your advice
3. Casey will not answer your questions
4. Casey will not get a job -
So maybe “Brian T” in #79 is just trolling, but most of the more successful people I know (not handed a job by Daddy) went to public school, so maybe the research would contradict the baseless garbage you’re spewing off as examples. I’m just sayin’.
Public school education is not what ails Casey.
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Migrating to a new server…or migrating to a country that doesn’t extradite?
Run, Casey, run!
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#include
#include
#includeusing namespace std;
struct OneSickGuy
{
char *name;
bool doit;
bool barf;} me;
void eatOwnUnderwear(OneSickGuy *me)
{
if (me->doit)
{
cout 5)
me->barf = true;
else
me->barf = false;
}
else
cout \n\n”;me.name = (char*)malloc(sizeof(argv[1]));
strcpy_s(me.name, sizeof(me.name), argv[1]);if (strcmp(argv[0], “true”))
{
me.doit = true;
eatOwnUnderwear(&me);
}if (me.barf)
cout -
casey you can get 5.70% APY from your cashback in a CD:
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Ref #88.
You are correct…the lenders don’t do their homework. Actually they don’t care. I had to subpoena some mortgage files because the mortgage company had been the victim of fraud. They sent me a bill for sending me the files!What a bunch of jackasses.
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#79 brian T
no bitchh i have a good education i dont give a fuckk if i have spelling errors on here since it doesnt matter. im not up tight like you and try to so spell correctly for everything when it doesnt matter
and i didnt say donald trump started from the bottom CAN YOU NOT READ?…i said he was in a lot of debt in the 90’s and got out of it on his own. duhhhh briana T….
he got rid of his debt by him self with his own buisness ..
ok briana?…..is it that time of month? ur still my girl…
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