The Burdett property short sale buyer was not willing to raise the offer so I couldn’t avoid foreclosure. I decided to catch the foreclosure auction again. Back to the court house steps today at 1:30.
It was a nice warm spring day today. Different auctioneer, same trashcan and only 4 investors showed up. No bids on anything. Everything went to the bank, including my Burdett.
One of the investors recognized me, “Aren’t you that guy with the foreclosure website?” We had a good talk about my situation. He gave me his contact information and offered to pay a finder’s fee if I bring him any good foreclosure deals.
I’m glad I went. Only 2 houses left.
(Update: for those wondering, the opening bid was $247,500)
163 Comments
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firrrrrrsttttt!
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http://www.fbi.gov/pressrel/pr.....arning.pdf
Might want to read the warning that the FBI posted on their website.
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Wow, 2 weeks and 2 days, and you’ll no longer be facing foreclosure, as you will have been completely foreclosed.
What happens then?
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Tibetan Monk say:
Casey have new career. Birddog for foreclosure vulture.
Maybe make $5k per month passive income.
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So Casey, any reason why CashCall has no fewer than four loans taken out by members of your family? That’s right, the “haters” are not as dumb as you think. Bit by bit, we’re learning the whole story.
Answer this on the blog, please. Is this how you’re making “income” nowadays? If you don’t respond to this question openly on the blog, various people are going to inform CashCall on what you’re up to. Thanks.
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Hey Casey -
Looks like the houses are taking care of themselves. How’s that credit card debt getting along?
Your blog is getting pretty stale, man. Where’s the love for your adoring public? As you say above - seen one foreclosure, seen em all.
Enjoy this wonderful weather - perfect for being outdoors, without a roof over one’s head.
GC
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CASEY answer this. have you thought about doing notes on the side to make monthly income.? have you been doing that. tell us how it has been working for you?
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“One of the investors recognized me.” Think about that a little bit.
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Now that’s what I’d call a sweet deal… Steal thousands in cash from underneath the bank’s eyes at closing, never pay a penny of the mortgage and then wash your hands clean.
Please give us an update on the rest of the flops.
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shocking.
Seriously.
I’m flabergasted.
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You forget to say SUCCESS! in your post. Here’s how you should have written it: SUCCESS! Couldn’t Avoid Foreclosure on Burdett. After all, you had a good conversation with someone - that’s a real life experience worth a 1000 hours in the classroom. Go Casey go! Only 2 to go, then you’re home and dry… right?
Oh no, I mean then you’re lost all your assets but kept the debt. Still that’s a real life experience worth more than 1000 hours in a job that pays.
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Three house left, not two. Or did you finally track down those missing Utah payments?
What’s happening with that?
With Cashcall?
Get that short sale package in to the Lender on the New Mexico?
When are you updating the spreadsheet.ASW: millions
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Casey,
Would it be possible to lay claim to the title of the trashcan on the courthouse steps through adverse possession?
If you were to squat in it, using it as your primary residence, it might be possible to prevent the courthouse from evicting you from the trashcan in the event of certain BK.Also, sweet birdogging position.
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“I decided to catch the foreclosure auction again. Back to the court house steps today at 1:30.”
Dude,
Why go unless you plan to bid on something…
You have way too much time on your hands.
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First!
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My my Goodness!! It went back to the Bank!?!?
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Yay, congrats! Less headache — out of site, out of mind. (S glaz doloi - iz sertsa von!)
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“including my Burdett” Christ, does anything really need to be said about this statement??
Hey, since you have two left could you get a finders fee for telling that guy about them? Are you going feel like you have any sort of relevance once your little real estate empire is shut down?? When you went to this auction did you think that people would be flocked around the auctioneer to bid on the house once owned by the famous Casey Serin?? In some sort of sick twisted way I actually feel a little pity on you. The harsh reality of life must really be kicking your butt about right now. Or do you still think that endless “passive income” and a jet set lifestyle is just around the corner from you?? Its been said COUNTLESS times on this forum, you are nothing more than a compulsive gambler looking for that one BIG payoff, but never quite catching that brass ring.
asw SUCCESS Once again, does anything really NEED to be said about this??
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What was the bank’s openinf bid at?
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2 properties left, and less than 2 weeks until it’s over.
No property, no income, no skills, no credit, no site.
You did get to go to Hawaii, so I suppose it’s all good.
ASW: sweet
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sucks to be you, man. should file bankruptcy and walk away. the housing market is crashing all around, read the WSJ yesterday? the scene is going to get ugly. maybe in time you’ll get another home, to live in. but just walk away. the RE market is cooked for years probably.
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This is the way the world ends,
This is the way the world ends,
Not with a bang but a wimper…T.S. Eliot
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Fame has already come your way….now you just need to figure out where the fortune is going to come from. Maybe you could add a deals section to the blog…have people donate “deals” to the tip jar!!
Lets all get juiced!
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Casey,
Haven’t seen you update your finanicals in awhile?
You should update them to reflect your lessening assets and increasing debt.
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Nice way to clear out inventory. Let the banks do your work for you.
If I was that dude, I would NEVER offer you anything based on your follow through skills. Why use you to scout out foreclosures when we all know the subprime implosion will be scattering loads of homes onto the market.
Only a fool would pay somebody to find what will be abundant soon. The subprime meltdown is only the beginning.
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Next time, record some audio, or maybe a youtube video. You can make money on youtube now!
How is the business credit search going? You should buy an aged shelf corp with existing credit lines. You could then borrow money with the corp credit, and fund some better deals. Alot of banks won’t even bother checking your personal credit, but don’t tell them about your debt just in case.
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So now you have 3 houses left? How about an update on your total debt situation? How much residual debt is left from the other 6 houses that were sold/foreclosed?
And could you update us on your plans for making money? Or are you just concentrating on selling everything and consolidating the debt into a big lump before you decide to start generating income again?
Looking forward to the update!
Thanks -
Only two more properties to go, at least you’re getting there.
What’s going to happen with the blog when all the properties are gone Casey?
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What happens exactly when one property is foreclosed ?
Are you totally released of any debt ? If I understood, the property gets back to the bank. -
I smell the onset of depression in that post.
It was never ‘your’ Burdett. I wonder how much longer your squatter will be in there for.
Good luck with the Bird Dogging.
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last week i went to Broward County’s (Ft. Lauderdale,FL) foreclosure auction. just like Sacremento, we are also one of the top cities popping. i think we’re down 15% from the peak already.
anyways, the auction report is alot different over here. there are about 50 people in attendance and it used to be held once a week, now it’s held twice a week because of the increase in properties.does anyone know why California and South FL ’s auctions woud attract a large difference in investors? they both are bubble cities.
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So umm, are you getting a job?
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what was the starting bid?
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You sound relieved. Dude, the pain is only starting.
Wait till the IRS gets after you for taxes due on all those deficiencies.
You’re getting skinny and losing weight, too. Eat some damn meat.
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Hey Case,
Just wanted to tell you to keep doing your thing. Let the haters hate, those of us who see a bit of ourselves in you will continue to provide you with constructive criticism.
Remember: Keep your head up, even tho the road is hard, just keep your head up
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Maybe that investor will take your inventory off your hands and pay you a finders fee.
This post is very ho hum about another foreclosure. A few posters have posted questions about your moral obligations to maintain the properties for the lenders to which you’ve never responded.
You say that you did all you can, but did you really? While these properties were deteriorating, you chose to sleep late, shower daily and pursue hair brained schemes to borrow more money instead of ever investing an ounce of sweat equity into any of these places.
The way that these properties have fallen apart certainly have decreased the value of the asset being returned to the bank. Wouldn’t even spending one day a month at each house have helped keet the places presentable? This would have made the places more attractive to potential buyers and kept the value up a little more. As a Christian and a moral person, wouldn’t that have been time well spent?
If you think of it in terms of WWJD, that is what JC would have done.
The readers want to know. It’s time to address the issues of your moral obligations to do all you could to maintain the values of the properties which it looks like you chose not to do. I’m not talking about big investments, I’m talking about cleaning the wondows and picking up yard debris.
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“One of the investors recognized me, “Aren’t you that guy with the foreclosure website?” We had a good talk about my situation. He gave me his contact information and offered to pay a finder’s fee if I bring him any good foreclosure deals.”
Yeah. Remember the “shopper” that busted you for shoplifting when you were six?
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Two more houses left; what are you going to write about when they’ve been foreclosed upon? You won’t be facing foreclosure anymore…you will have already faced it.
What then?
Iamavirutalslavetomycreditors.com?
Iamfacing10yearsinjail.com?
Iamruinedforlife.com?
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Congrats! Only two more houses and you’ll still be flat broke.
You da man. Good job on the frequent updates.
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Casey,
Here’s how thing should have played out on the courthouse steps:
One of the investors recognized me, “Aren’t you that guy with the foreclosure website?”
He then proceeded to kick my azz for being the tool that I am!
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only two more foreclosures and your fifteen minutes are up. have you thought about contacting a hollywood agent? maybe they will have some ideas on how you could monetize your stupidity. maybe you should try calling howard k. sturn.
just trying to brainstorm for ya.
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KC, next time U start buying property, buy properties that support themselves, like four family homes or commercial space. Flipping these single family things and condos appear to be far toooo risky. Doc
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anti-spam word was SUCCESS!
Hey, you’ve got a chance to go 5 for 6 on houses going into foreclosure.
Any baseball player that goes 5 for 6 is definitely a SUCCESS!
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For practically all day yesterday, the site said “This site will be working in 10 minutes.”
Don’t you think that’s a fitting allegory? Because:
(1) Casey also should be working very soon
but
(2) The constant assurances are simply false.
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“…He gave me his contact information and offered to pay a finder’s fee if I bring him any good foreclosure deals…”
Sweet Deal !
Don’t forget to update “My Properties”
for those which are not. (yours) -
Casey, how do you pay for your day-to-day expenses, like groceries, utilities, water, laundry, toilet paper, etc?
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Couldn’t avoid foreclosure? What the H did you do to prevent it?
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Strange that you feel releived over this. Sure the bank is not on you for the monthly payment. That might be a relief. You do realize they are in the process of doing other paper work.
Once they get a valuation on the house they will complete their paperwork and come back to you, — and your co-signers — for the balance of the mortgage.
The payments might be over, but the lenders certainly will not have forgotten about the money. Until they get a firm value on the house, turn it around for whatever they can get, you might get a letter saying “processing”. Once they sell at a loss, you saw those prices at the auction, then they come after you and the cosigners for the balance.
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LOL! “my” Burdett. The typical debtor’s mentality. A piece of loan paper with seven million ways for you to default upon isn’t a form of possession. Deeds and titles are. Or better yet the smart money is on assets that don’t need the government’s approval to own. Like diamonds, metals, art, equity shares, etc…
Ever notice that most rich people invest in everything BUT real estate? They’re not stupid. Too many carrying costs, not liquid enough, most especially when the s@#t hits the fan. Unless their business is RE they put their nest egg in other things. Sure they might own seven houses but no one who has the bulk of their wealth tied up in that is a big time playa.
Only two more houses before you fade into the cesspool of obscurity. Say… how about you snag a finder’s fee off your other two upcoming foreclosures? Or maybe he was just pulling your leg and that was the joke. You’re the village idiot Casey, being played by everyone for a cheap laugh and you can’t even figure it out!
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You need to update the “My Properties roll since Burdett is gone.
sc : success
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wow casey, you really dug yourself a deep hole. I would say keep your attitude positive as all things are possible. You might want to start some type of advertising on your site. Heck why not. it can help pay the bills. And If you ever need any Free Credit Repair after all this come check me out over at BoostScores.com.
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Update on a “real, 9-5, looser” JOB???!?!
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“One of the investors recognized me, “Aren’t you that guy with the foreclosure website?” We had a good talk about my situation. He gave me his contact information and offered to pay a finder’s fee if I bring him any good foreclosure deals”
cue music…roll credits…camera fades…
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Casey, how do you pay for your day-to-day expenses, like groceries, utilities, water, laundry, toilet paper, etc?
HOW DO YOU PAY FOR ANYTHING ????
PLEASE START ANSWERING SOME QUESTIONS !!
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What happened to only letting the supporters and constructive criticism through? Did you realize you would only have a dozen posts?
As a long time poster, your blog is getting extremely stale. I think the only thing left to document is your deteriorating relationships. That and maybe post your FICO score.
Good luck buddy!
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Casey, remember, the first million is the toughest to make. The next 10 million are easy. Hang in their. Keep your friends close and your enemies closer and do like me, never leave your buddies behind.
And don’t post hater comments. I don’t. You may only get 2 comments that way but they will keep you going. Soon, you’ll have an award winning blog also.
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So what’s the plan once you lose all of your holdings in a few days? Still have all the unsecured debt to pay off? Get a day job yet? I hope that you can make it. You are lucky to have the family to feed you and house you. Keep the chin up.
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Time to change the name of the website.
“Ihavebeenforeclosedon.com”
“Iamfacingprison.com”
“Iamontherunfromthefeds.com”
“IamfacinghugeIRStaxbills.com”
“Iamfacingdivorce.com”
“Iamfacingbankruptcy.com”
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“We had a good talk about my situation.”
Good = honest?So you talk to some stranger off the street but not your blog audience.
Looks like you are putting about as much time into your blog nowadays as you put into your other endeavors. So it’s only logical that this things will be biting the dust soon.
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A martial arts student went to his teacher and said earnestly, “I am devoted to studying your martial system. How long will it take me to master it.” The teacher’s reply was casual, “Ten years.” Impatiently, the student answered, “But I want to master it faster than that. I will work very hard. I will practice everyday, ten or more hours a day if I have to. How long will it take then?” The teacher thought for a moment, “20 years.”
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What was the starting bid?
And how did it feel knowing no one wanted to pick it up for a “discount”?
If anyone came out ahead in this, it was your mortgage broker. He must have made out lovely on all the commisions from you.
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So Casey, What is the deal with all these acounts at CashCall™?
Come on, speak up! Oh, and tell us about Gary too. How come he’s camera shy??Really, you need to kick the blog up. It’s starting to get pretty stale.
ASW: leverage™
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You have missed several payments. When may we expect PAYMENT?
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#37: “You’re getting skinny and losing weight, too. Eat some damn meat.” Well, that time may be coming… but it won’t be providing much in the way of nourishment.
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Casey, when are you going to disclose your new business ideas so that we can pillory them?
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“I decided to catch the foreclosure auction again. Back to the court house steps today at 1:30.”
Dude,
Why go unless you plan to bid on something…
You have way too much time on your hands.
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Seriously, why isn’t he spending EVERY WAKING MINUTE looking for an actual J.0.B. Casey thinks JOB is a four-letter work. Which is why he should go get an actual college education. Oops, he already spent that kind of money on a bunch of worthless ‘real estate’ classes.i’ll just address this to the OP, as CS doesnt respond to anything. I’d LOVE to get the inside story from Duane or his Rich Dad or Chris. I’d LOVE to know exactly what they thought of Casey.
I’m picturing Chris, coming into the office at like 4:30pmafter a hard day of birdoggin’ sweet dealz, and there’s Casey, bouncing on the big blue ball and posting crap on the blog.
“So, erm, Casey what exactly have you been doing all day?”
\
:chris:“Heh, we’ll I had like 200 comments to moderate so I figured that had a top priority over diggin’ myself out of $2 million in debt or buildin’ that DB for you or doin’ office stuff.”
\
:casey: -
Those are the kind of deals that MAY be sweet… always do more research…
http://realestate.aol.com/arti.....atrick.net -
Casey, when the last property goes to auction will you open ihavebeenforclosedoneightsweettimes.com?
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“He gave me his contact information and offered to pay a finder’s fee if I bring him any good foreclosure deals.” Apparently your house wasn’t a good deal? Ouch.
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Your answers were like the answers from a politician. They were not answers at all.
ASW: loose
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Still ducking the questions about blowing off your moral obligations to maintain the properties.
WWJD??
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Casey, you’ve been saying good things are coming since December and I don’t see anything good or bad. The blog is getting stale.
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“I find ways to pay for daily expenses through various means… I sometimes wonder myself how it all happens but so far so good. Barely scraping by but not going into any more debt which is a good thing. I am considering a W2 job… kinda.”
Casey, your answer isn’t an answer at all. What, specifically, are the “various means” you are using to pay for your day-to-day expenses? Ad space on this site? Dealing drugs? Mowing lawns? Family still paying your way? Remember, thou shall not bear false witness against thy neighbor….
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“I am considering a W2 job… kinda.”
OH good! That’s just the kind of get up and go enthusiam HR loves to hear from young ambitious stivers like Casey. Good gawd, you’d be lucky to get a job at a Texas Truck stop. DEW YEW KNO HEEEMMMMMM.
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You should follow your properties through REO (Bank Owned) status. And see if the new buyers are investors or owner occupied. It would be interesting to know.
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Let’s see.
* “loan modification” == new loan incorporating the orignal loan + all its taxes, fees, penalties. Terms are 34% to 44%, 180 payments.
* “not going into more debt” - not counting the steady tick tick tick of interest charges being added to all those accounts you aren’t paying. Not to mention the 60K + IRS bill.
* “not paying her credit cards ATM” - i hear ticking!
* “she knows good things are coming” = a better deal, perhaps?
* “blessing in disguise” - only if you were following the advice given by some of the more learned posters. In its current form its little more than a wheelspinning trainwreck.
dear oh dear.
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Are you not going into more debt every day to the tune of 600 dollars?
Is not interest accruing on your debts?
Silly man.
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Casey,
You are way ahead of your time. Your actions helped your readers to predict the fall of the sub prime lending market long before anybody else. NEW and LEND are basically toast at this point with others to quickly follow. I’ve made a lot of money shorting these and have you to thank for it.
So then, what direction are you looking for the next sweet deal™? I don’t need any specifics, just a direction. I’ll do the leg work required in order to figure out which stocks to short next. BTW, I hear that H&R Block owns a subprime lender.
FMT is next to fall. Then HOV and then CCRT. Casey, you are the bellweather, you realize that, right?
You are right, it’s all good™!
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“CashCall is still calling me and offering a loan modification with lower payments. I’m thinking about it.”
Come on - you know that you have no intention of repaying a dirty penny to these guys. Do you think that you are buying time by pretending to “consider” their offer?
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“Casey, remember, the first million is the toughest to make. The next 10 million are easy. Hang in their. Keep your friends close and your enemies closer and do like me, never leave your buddies behind.
And don’t post hater comments. I don’t. You may only get 2 comments that way but they will keep you going. Soon, you’ll have an award winning blog also.”
———————————————————I see you drink the Kiyosaki-Koolaid too….
I really cannot believe how financially stupid one person can be. Casey, you ain’t so bright either….
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“The haters always criticize my every move and my current deals can get compromised if I share too soon. So because of all the haters I have to start being more secretive.”
How do we compromise your deals exactly? Your lying and slack a** ways are the deal killers, not people who post the truth about you.
Name one “deal” haters blew for you?
Did we take out cash back mortgages in your name on underwater houses?
Nope
Did we sign a contract with NLL and renege on it?
Nope
Did we blow off working for Chris?
nope
Did we lie to Duane and not call our lenders?
nope
who will you blame for your problems when theis blog and the haters are gone?
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Casey:
I think you’re doing well. Great photos of your success in Utah!
If you can unload the other properties back to the bank, then you’ll be clean, can hunker down and wait to buy back in.
I think a lot of people on here are jealous of your efforts.
There will be plenty of good deals out there soon, so be the “sleeping tiger” and be patient.
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The good news is that the stock market which I’ve been touting is down hugely today, and you aren’t in it.
The bad news is that had you gotten into certain stocks when I suggested, you’d be up. And that you’re in housing, which is falling like a rock (Per Zillow.com, the Virginia home I’m renting has fallen $13,000 in the last 30 days!) And also that my stocks are falling BECAUSE of your (collective) housing failures.
You need to understand the long term trends, Casey. You seem persistent about becoming a real estate magnate. Hate to break it to you, but that bird has flown. For housing, the trend is now sharply down… and will be for several more years as foreclosures mount, excess inventory floods the market, unemployment increases and banks tighten their lending requirements. You should have studied the housing cycle at least a little and then you wouldn’t have been in this mess.
I sold my Sacramento house in December 2005 and was, even then, kicking myself over having missed the peak by six months. You didn’t even start buying until after that. Man, you’re just out of touch.
I wish you luck, because I think you’re likely to need it. Anyone can tell that you’re a nice guy but there’s more truth than you know to the old adage about where nice guys usually finish. Try and overcome that by using your HEAD in the future.
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loosing the first million is hard.
loosing the next 10 million is easy.
dont hate moderate.
my message.
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How this ends is obvious now. The remaining houses foreclose. Casey may or may not get prosecuted. Casey may or may not get a decent job. He can’t be a real estate investor, and has no credit. He may get a minimum wage job for a while.
In other words, what’s left to see? What event of interest could come out of this? We have no indication that Casey is capable of surprises to the upside. I’m down to checking this blog to around twice a week, and it’s easy to become a less frequent reader at this point.
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The DOW is down by 195 points because of subprime lenders going under. The day is reckoning is coming and I am hoping for big discounts in investment properties soon.
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The only good foreclosure deals you will be finding are your own.
Can you get a finder’s fee on your own foreclosures? That’s an idea.
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“I find ways to pay for daily expenses through various means…
I put my ball washer to work!!!!
pucker up.
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So Casey, the Dow today had a 242 point plunge, largely due to deadbeats that don’t pay their loans like you.
I hope you go to jail soon, you obviously haven’t learned your lesson.
You fit right in with modern Christianity though with your loose moral character.
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Casey, most of you so-called haters are just realists. You are on the other end of that spectrum obviously.
Utah a payment “behind”? Are you referring to that “missing” payment? Did you or did you not pocket that payment?
“I find ways to pay for daily expenses through various means” - Give us a few examples and dollar amounts. I have a hard time believing you are doing anything productive to generate income.
“I am considering a W2 job… kinda.” Your lazy nature is the only thing holding you back. There is nothing you’ve been doing all these months that couldn’t be done in addition to working a full time job.
“Not paying her credit cards at the moment but she knows good things are coming so its all good.” What good things are coming? In reality, it looks like more bad things will be coming over the next few months. Is “G” really this naive? Does she or even you have a plan if these “good things” don’t materialize?
What’s been going on with the 50k note from Countrywide? Have they contacted you about missing payments the last two months?
Just a few weeks ago you needed to borrow gas money to put into a borrowed car so you were obviously beyond broke. Are you current on your rent with the inlaws? How much income have you really generated over the past two weeks in dollar amount?
It sounds like it’s inevitable that you will at least be questioned if not arrested for mortgage fraud. Do you have an attorney ready? Do you have any plan at all when this happens?
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“Not paying her credit cards at the moment.”
So you’ve actually failed at the goal you defended longest and hardest: protecting G’s credit.
“The haters always criticize my every move.”
You would not draw criticism if your plans seemed legitimate. However, all the evidence here and elsewhere shows you as drawn to the shady side of business. The liar loans; the “24% guaranteed!” scam email; the MLM “university”; the corporate credit shell game.
Trust is something you have to earn, and you have not shown yourself to be trustworthy. Your continued evasiveness doesn’t help in this at all.
I’d characterize myself as a hater, but I’d be very happy to see you turn an honest buck — and in fact I felt the attacks which led to the loss of your AdSense income were petty, vindictive, and wrong. But still, I have real trouble seeing you as a victim here. Your situation is one of your own making.
“So because of all the haters I have to start being more secretive.”
No, see, that doesn’t work. More secrecy simply looks more suspicious; and leads to more speculation.
Fundamentally, the haters are trying to keep you honest. If there weren’t a persistent whiff here of shady doings, of fishy business, of evasiveness and misdirection — there’d be nothing for the haters to bite on.
If you were open, honest, and above-board about your activities you’d get a much easier ride.
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ASW- SignHere
That’ll be what the DA says as he slides the plea agreement across the table. Oh the irony!
Had to add a little post. First in a while. And it’s about your buddy Swaby. He’s afraid you’ll leave him (and his traffic generated by you) behind when your blog finally hits the skids (fast approaching).
Swaby suggests you not let the hater comments through. Well here’s a tip - you want to keep things organic, Smarmy does not. Several VERY intelligent “hater” comments never made it through on Swaby’s lame blog because they made him look like a complete fool. Before you go taking advice from him, remember that he thought there would be some excellent opportunities in the subprime market. The two of you in business together is a thought that keeps intelligent investors up at night. -
Casey,
Why didn’t you give the bank the deed in lieu of foreclosure?
This would have saved them a lot of attorney fees to foreclosure on you. -
>>>34. triple t
March 13th, 2007 at 4:01 am last week i went to Broward County’s (Ft. Lauderdale,FL) foreclosure auction. just like Sacremento, we are also one of the top cities popping. i think we’re down 15% from the peak already.
anyways, the auction report is alot different over here. there are about 50 people in attendance and it used to be held once a week, now it’s held twice a week because of the increase in properties.does anyone know why California and South FL ’s auctions woud attract a large difference in investors? they both are bubble cities.
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#103 - Lawnmower man:
Well stated, could not agree more. I would add the reasons “haters” turn that way is the continued disdain for education and/or work.
Casey is looking for the easy way - he does not want to put in the time to get a real education, instead he relies on scam artists. Here is a hint: If it was so easy to make money following their programs, why are they doing lecture tours instead of real estate?
The real money in real estate comes two ways - first you buy and hold for appreciation (this requires capital) the second is to add value to the property (this requires work). Where Casey failed is in the “add value” part - I realize that work is a four letter word… but unless you fix up a house and actively market it, you won’t get a higher price.
Casey seems to have gotten fed a bad version of the “American Dream”. Everyone has the opportunity to suceed, Casey seems to think he can do this without breaking a sweat. Nobody ever got rich by being lazy.
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Some of you may have noticed a comment earlier on this thread written by “me.” Well, that was not me. Some haterus anonymus decided to have some fun at my expense. The problem with the haters is they like to brag at their little hater blog.
At 12:01 PM, Craven Moorehead said…
Tony,I’m sure the real Nigel will be impressed with my “never leave your buddies (buddy’s) behind.
I was Karen Carpenter also. Yes, I’m bored.
Gee “Craven,” thanks for outing yourself. I guess you forgot you emailed me a few months ago. Well folks, the real Craven revealed his true identity to me via email. He wrote:
Hi Nigel. Just thought I’d say hi. I enjoy your insight on Casey’s site.
Doug (aka Craven Moorehead)
Doug’s full name, and I couldn’t make this up, is Doug *******. (No wonder you prefer “Moorehead!”) He works for a company called **** *** in ********, Florida. You can email him if you wish to verify my story at d******* (at) *******.com. Mr. *******, I hope you own **** *** because I’m not sure your “boss” would like to know your job bores you.
This is one of the perils of the digital age. Transparency rules.
If you want to go around and cyberbully people, be prepared for the consequences.
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“I am considering a W2 job… kinda.”
Heaven forfend you end up with a wad of cash in the bank like we looser programmers did when we got a J.O.B. when we were 24.
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If you need any help with your computer let me know - I have a CS degree - and I am a developer/tech support for a large corp.
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Casey you might want to think about moving to a cheaper place to live. Then you regroup get a real job save some money.Rebuild your credit and move back. Let me know if i can help.Its possible i had to do it and i made it work.I will rent for the next year and see what the market is doing.
http://www.icantsellmyhouse.blogspot.com/ -
Re: CashCall
CashCall is still calling me and offering a loan modification with lower payments. I’m thinking about it.
Thinking about it?! What is there to think about! I think your options are limited at this point.
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Casey:
I am impressed that you are “thinking” about the lower payment loan modifications with Cash Call. Do you think if you stall them like you have everyone else, they will lower those payments to nothing??And, how can you be any more “secretive” than you already are on here. I don’t see how letting us know how you afford to buy bum fodder is compromising any possible forthcoming sweet book/tv movie deals.
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@92. eyefo
“so be the “sleeping tiger” and be patient.”
Good. This just may be the ONE piece of advice he’ll follow. SLEEPING is about the only thing he can do really well.
The two of you should put your tiny heads together and write the next best-selling success guide: “Sleep Your Way to Success!”
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“Not paying her credit cards at the moment but she knows good things are coming so its all good.”
That sounds about right. Being a woman who wasted too many years on a worthless man, I can tell you exactly what she’s up to, if she has more brain cells than fingers.
Tell me: does she ever have “late classes”?
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as homer simpson said, “we’ll dig our way out”…. LOL LOL LOL 2 more to go and then the banks can worry about this crap. they are the cause for all this in the first place. they create money out of thin air and then charge usury fees illegally to us. so screw them. casey… you can handle the collectors, there is nothing they can do to you and you avoided bankruptcy!!!!! that is a very good thing. the foreclosures will get old and drop off ur CB’s. F*** the banks.. they are crooks. they are crashing right now and good riddance to those vultures.
put those creditors on your blog. record your phone calls with them and do a podcast of upload them to youtube!!!! would make for a fun blog. go to http://www.RatTube.com and see what those scumbags have done to our country.
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Why don’t you come clean and give us some answers:
1. What did you do with the $200,000+ cashback you took on 7 of your 8 loans?
2. Do you still have that timeshare you bought with some of that sweet cashback?
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Early rising is bad for B people:
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Casey,
The big money right now is being made shorting mortgage lenders. This could turn out to be the best investment of 2007. You should jump on the bandwagon. You already screwed Countrywide out of a bunch of money, so SHORT their stock. Look even the chariman & CEO is selling
http://www.secform4.com/insider-trading/25191.htmPeople who shorted New Century have made an absolute killing. Next up, Countywide, & Downey Savings.
Buy puts get more LEVERAGE (that was my security word)
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yeah bro - shoulda shorted LEND, NEW, or NFI when you took out those loans………………. don’t feel bad sport, all those lenders DID EXACTLY THE SAME THING YOU DID - and they WERE legitimate corporations - same ending though
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OMG!!
Has anyone seen the new forclosure numbers? It said the news that 900,000.00 homes were in forclosure last month. The sub-prime market is taking quite a hit.
How long do you think this thing will last? I have 10% waiting. I will only buy when West L.A. comes back down to the normal 500k levels. Right now West L.A. (P.V. Redondo,Hermosa, Manhattan Beach, E.S. Venice, Santa Monica etc) is 1 million and up. The prices have doubled since 2002.
Are there any honest Realtors on this site? Does anyone here know anything about the L.A. market?
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Here’s a good example of someone breaking free of debt:
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Re: # 34 triple t
I live in Sac and follow a lot of housing blogs. While Sac is not the biggest Bubble area, the correction is well, well, under way here and I think people here know it. For example, I think Phoenix is a bigger bubble area than Sac but there is hardly a hint of correction there yet, just a lot of overpriced inventory. They don’t know what’s about to hit them.
Yes, I’ve read about the S. Florida Bubble and it may be the same story as Phoenix…. give it time, you’ll have 3 auctions a week with only 4 investors showing up. Hopefully, they will bring out a folding table instead of using trashcan tables. Let’s have some dignity here….
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What about the Homeless guy living at Burdett?
Wonder if the bank will let him stay there?
Maybe the bank can let him stay there, and,
then he can cut the grass. -
Your considering going back to web design? HA! You do too much thinking and not enough action!!!!!
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52. Richard
Strange that you feel releived over this. Sure the bank is not on you for the monthly payment. That might be a relief. You do realize they are in the process of doing other paper work.
Once they get a valuation on the house they will complete their paperwork and come back to you, — and your co-signers — for the balance of the mortgage.
Why?
They already know the value of the house. It’s somewhere north of $240K.
Are they going to sue Casey claiming it was only worth $190K?
Then it would be very easy for Casey to portray them as idiots for not taking $240K.
Just because you have losses doesn’t mean you can claim damages. You have to mitigate your damages. To turn down $240K means that the lenders didn’t act responsibly to keep their damages as low as possible.
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There is a Joe Wang who is a really effective headhunter, job placement guy, specializing in IT
Do you know him? Does anybody have his number?
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Let’s face it, casey contracted a disease called “ignoritis”.
He ignores his education. I don’t mean college education. I mean his simple math skill education. That’s why he couldn’t count and not a clue when if you have no income while accumulating HUGE debt = massive debt.
He ignores lendors
he ignores his banks
he ignores his properties.
he ignores his monthly payments
he ignores great advices on this blog. I am a long time investor, and I’ve learned a lot from the comments here. Now Mr. S refused to post his stupidity. He doesn’t understand, his nutty statements are what generate great helpful comments (for me).
He ignores God. Thou shall have no other God. Mr. Serin here seems to worship Gurus, and money and Juice.
He ignores the law. Let’s see, pyramid scheme is illegal, liar loans are illegal. possible corporate shell.
He ignores work.
He ignores responsibilities.
He ignores maintenance of his car.
He ignores his credit.
He ignores market condition.He even ignores the Gurus’ advices.
Gurus said, don’t quit your job. Mr. S quit his job.
Gurus (RK) said, create positive income stream. Mr. S created negative income stream.Lucky for him, though. This is the USA. Land of opportunities. In any other country, the odds of his comeback is absolute ZERO. But here… he can come back, very low low odds, but he can. But he needs to cure this ignoritis first.
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It’s good that these are all going back to the bank. They banks are the ones who screwed you by giving you loans you couldn’t afford for houses that were overpriced, now you’re sticking it back to them by giving them their houses back at their inflated prices.
I think as more and more of the real estate market melts down, you’re going to turn into a poster boy for our generation: that of young people who could be doing alright but are instead pressured into 30- or 50-year mortgages on houses our parents would call slums.
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So, kid;
Have you and the entire Serin clan made your reservations on the “Night Flight to Uzbekistan”?
I agree with one of your posters that the FBI may not want to bother with you, but the FBI doesn’t necessarily call its’ own shots, y’know.
And rather than see you end up in prison, where you will not make it, little hobbit, I’d rather hope that you’d be off wandering the steppes, leveraging a Mongol out of his sweet yurt or something.
I do want to address one kvetch you made though:
“The haters always criticize my every move and my current deals can get compromised if I share too soon. So because of all the haters I have to start being more secretive.”
I know you may find this hard to believe, but I don’t feel that very many people commenting here have a personal thing to see you suffer.
That said, I want you to think very, Very, VERY hard on what I’m about to ask you…
When you were shelling out the 30k you spent on the courses and seminars and retreats that got you where you are today, did you ever hear anyone there be negative with you?
Did anyone ever tell you that your head was full of worms?
I’ll wager,(though not with you, because you’ve got bupkis, and you’re not trustworthy), that all of those folks were just as upbeat as all get-out.
Were they not?
And that’s how I know that you won’t survive incarceration, kid.
You’re a sucker for a kind word and reinforcement of your own BS.
The way they’ll “punk” you inside is not necessarily how you’d think, kid.
YOU will have to be wary of the other convict that befriends you. Sits with you at chow, gives you cigarettes, shows you the ropes.
And he’ll own you.
Why risk a knife and time in the can when he can so easily “romance the bone”, (so to speak)?You should entertain the idea that not everyone who is negative with you is trying to see you fail.
And not everyone who offers a smile and encouragement has your best interests at heart.Did it occur to you that through you, Nigel met G-money, and G-money met Nigel.
How long do you plan on waiting for the check to come through from the sweet deals that might result from THAT grip n’ grin?
To use Nigel’s own words:
“What does Casey bring to the table?”
G-money apparently answered:
“Contacts”
Well, sonny, you only OWN the contacts when you are the only conduit between the two principals, see?
You were played, ace.
But label me a “hater”, as Nigel already did, so that you can keep believing what a success Utah was.
And keep waiting for that check…
ASW: awesome
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Casey:
How about a counter on the site that shows your debt growing in real time (with the default rate on Cash Call, Your Note and the Credit Cards things will be moving fast)? How about an update to the spreadsheet (make sure you are going to owe the IRS for “debt forgiveness” on each forclosure).
P.S. Did you let the homeless guy know you lost the home?
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what about a reality show? I bet Casey is talking about an “opportunity” along these lines. Although when houses are gone, what would be the show about?
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Hey Casey,
Are these banks filing judgements against you for the remaining owed amount after the foreclosure ?
Loads O Money
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I haven’t seen the homeless guy on the property and haven’t heard the neighbor complain about it. It’s all good.
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Casey,
I’m really not a hater. I’m trying to understand. Can you please explain how your actions correlate to your religious beliefs? How can you stand screwing the Utah buyers, not paying back money you borrowed, borrowing even more from friends, and not working?How do your religious beliefs fit in with all of that?
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Also, how much did your organic hair wax cost?
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Why can’t you tell us what “sweet deals” you made in your last trip? How can any sane person continue to lend you money? Has the world gone insane?
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I am not a hater. But I did just submit the following tip to the FBI, and hope that others will do the same.
Casey Serin of Sacramento, California has made a mockery of the real estate industry, and has made repeated admissions of guilt on his personal website (http://iamfacingforeclosure.com).
He makes no secret of the fact that he lied repeatedly on his mortgage applications, artificially inflating his net worth, income, and stating that each home would be his primary residence, in order to obtain the lowest interest rate.
He is now unable to pay his mortgage payments, and one by one his houses are going to foreclosure. He has indicated he intends to form a private corporation in order to obtain new business loans which he wants to use to pay off his current debt.
I dare say his offenses fall under those mentioned here:
http://www.fbi.gov/pressrel/pr.....arning.pdfThis man has made it clear he has no intention of working a regular job, and has demonstrated that he has no objection to illegal activity in order to get out of debt and become wealthy (he describes this as “dirty pennies.)
Somebody needs to put a stop to this man’s actions.
Thank you
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Alright peeps.
Enough is enough.
We know the situation, and Darnold Trump didn’t start with nothing.
Give it a rest. -
OK, a serious question for Casey.
I know this is hard to get your head around, but let’s assume that at some point you realise that RE isn’t for you - you know, what with your proven lack of ability combined with a catastrophic downturn in the marketplace making it hard for even experienced professionals to keep their heads above water.
What do you have to fall back on?
It seems to me that your biggest problem is that in fixating on a particular area you’ve neglected far more basic stuff. It’s already obvious that your knowledge of finance, economics and basic business skills is as near zero as makes no difference, and despite your previous line of work I’m not getting the impression that your IT skills are that hot. I haven’t seen you do anything on this blog that I couldn’t do, and my coding skills are strictly amateur.
So how employable are you at a job that requires more skill than burger flipping? Is this the real reason why you haven’t got a job yet, despite the fact that you so desperately need a regular source of income? And how do you plan to go about educating yourself properly so that you won’t make these boneheadedly stupid mistakes again?
(Do you even realise how poorly educated you are?)
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So Casey, what are you going to do after you lose the remaining 2 properties to foreclosure/short sale?
Are you planing on simply keeping this site up while you blog your daily events, or are you going to shut the site down?
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Doug’s full name, and I couldn’t make this up, is Doug *******. (No wonder you prefer “Moorehead!”) He works for a company called Safe Fit in Freeport, Florida. You can email him if you wish to verify my story at d******* (at) *******.com. Mr. *******, I hope you own **** *** because I’m not sure your “boss” would like to know your job bores you.
This is one of the perils of the digital age. Transparency rules.
Indeed - and you’ve just outed yourself as a highly unpleasant and vindictive individual. A far cry from the scrubbed and sanitized image you try to present on your blog.
I’ll certainly think twice before doing business with you, young man, and I trust others feel the same way.
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Casey: give details about what you do to earn a living while not working a regular job.
You have so far directly avoided every single question about this subject and refuse to divulge details.
Why not tell us? What do you have to hide?
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Your little b&w thumbnail looks simian. hmmm….
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Well, gee, Nigel, thanks for proving that you cannot be trusted with anyone’s personal information, let alone taking the “high road,” like an adult.
Just the thing a future client would love to know about the person handling their mortgage.
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Indeed - and you’ve just outed yourself as a highly unpleasant and vindictive individual. A far cry from the scrubbed and sanitized image you try to present on your blog.
I’ll certainly think twice before doing business with you, young man, and I trust others feel the same way.
So what you’re saying is it’s ok for Doug ******* to impersonate me and make me look bad, brag about it on another site and just get away with it?
I would hardly call my response vindictive. It’s just pointing out the facts of the situation, not the hyperbole and lies other people would lead you to believe.
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So what you’re saying is it’s ok for Doug ******* to impersonate me and make me look bad, brag about it on another site and just get away with it?
Young man, I don’t see any sign of any impersonation. Have you been at the smelling salts again?
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From the F BI site:
“Mortgage Fraud is investigated by the Federal Bureau of Investigation and is
punishable by up to 30 years in federal prison or $1,000,000 fine, or both. It is
illegal for a person to make any false statement regarding income, assets, debt,
or matters of identification, or to willfully overvalue any land or property, in a
loan and credit application for the purpose of influencing in any way the
action of a financial institution.”“but i didn’t know it was rrong to lie about income on a loan application!”
\
:casey: -
@ Nigel. Just curious how YOUR bosses will feel when they look you up? This blog will eventually be gone but what about all the stuff you have spewed all over the internet.
You should read and follow your press releases. In your case, all publicity is not good publicity. Me thinks you are taking on the wrong group of people and will soon find that out. Me thinks your lending days, like your hairline, are going backwards.
I guess this won’t make it through with you moderating.
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Nigel - you just lost ANY credibility you may have had. Resorting to childish games and posting someone else’s personal information - and possibly getting them fired - is immature and shows how little you can be trusted.
Any you are a mortgage broker? You get to see all of your client’s personal details…and you do something like this…?
Wow.
You make Casey look good, chump. I’m not in your state but I would NEVER utilize your services. What a complete lack of basic ethics.
Maybe you need reported to the mortgage licensing board in your state? How would that fit you?
Unbelieveable…
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Casey,
Hollywood needs to make a movie about you. Seriously.
I think you are the most interesting person on the Internets today.
Best regards,
Beef
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Young man, I don’t see any sign of any impersonation. Have you been at the smelling salts again?
Casey changed it, but not until it was up for most of the day. Check comment 105 for proof.
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Nigel, you give your fellow brokers a bad name.
I’m sensing a different career in your future with your inability to protect info. Remember, perception is everything when you are in a fiduciary position.
If people perceive that you can’t be trusted, you business will not succeed.
These tactics will hurt you, if they haven’t already.
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Any you are a mortgage broker? You get to see all of your client’s personal details…and you do something like this…?
Wow.
Doug *. ****** is not a client of mine. He’s an Internet commenter/Casey hater who emailed me of his own volition and revealed himself. I neither requested nor coerced him to do this. I’ve had his email for months and done nothing with it. During that time, I’ve seen him post many negative and spiteful comments directed specifically at me on the “only hater blog that matters.”
When it came to impersonating me on this blog, I took offense to it. He needs to take responsibility for what he did.
Outing someone who is being deceptive is not unethical.
Just curious how YOUR bosses will feel when they look you up?
This was the response from my senior broker who contributes articles to my blog: I have seen this before on Yahoo financial where you could post comments about a stock. I was following a company called biomune and there were about a half dozen people that used the blog as their chat room to dis each other.
Shoot me a link where I can see the whole chain, for my amusement more than anything.
I’ve worked with Byron for four years. We know each other well. There is nothing a few anonymous Internet creeps could say that would change that relationship.
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“So what you’re saying is it’s ok for Doug ****** to impersonate me and make me look bad, brag about it on another site and just get away with it?”
Nope, Nigel. You’re making yourself look pretty bad on your own.
“I would hardly call my response vindictive.”
You’re right. I call it childish. Grow up.
ASW=winwin.
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Nigel will take any attention he can get. Negative is as good as positive. All of these RE “investor” loonies are the same. Of course, Nigel has an “award winning blog”, which is indeed impressive, since there is no such thing.
Keep at it, Nigel. You do not know the crowd you are dealing with here. Trust me on this one.
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That’s why it’s a biography, and not an autobiography…dummy. Of course your opinion of yourself is much higher than anyone who reads this blog.
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The solution is staring you in the face!!
Buy more houses at low discounted prices, then sell them at higher prices.
You don’t seem to understand that.
But, I guess, it’s all good.
-Frickin’ Sweet Deal
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Recent Entries Facing Foreclosure Live Call Wednesday March 21st My View on College Casey Serin Facing Foreclosure on Wikipedia - a Defense Couldn’t Avoid Foreclosure on Burdett Burdett Avoid Foreclosure Deadline Facing Foreclosure Story on CBS San Francisco Utah Trip a Success! Don’t Be a Dick. Do Some Sweet Deals. Timeline of Life, Houses and Foreclosure CashCall is Calling my Friends
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I find it very strange that RE investors are now referred to as “loonies” now that the market is down.
To everyone that keeps saying the market is ruined for years are absolute idiots. There will always be flippers in any market provided you find houses cheap enough. People have not stopped buying houses. That’s all there is to it. It doesn’t take a 4 degrees in BS to figure this out.
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Hey Casey, where are you “buying” your next property? I want to make sure I’m registered early for the auction…
You have got to be the biggest idiot I’ve ever seen. That’s not “hating”, that’s the truth.
Maybe you can make some money writing your memoirs while sitting in Lompoc for 20 years. The bull q***** are gonna love you, Casey!
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..Jump to Comments–> This weekend I decided to drive over and check out the properties in Sacramento area that I recently lost to foreclosure. I was curious to see what is happening since foreclosure and to see if I can still get in. Nope. The lenders work fast. Both the Burdett and Larchmont properties have new locks and REO agent contact info posted on the doors.
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My Properties Salmon Falls Dr, Sacramento, CA (Sold Mar-2003) Calla Way, Sacramento, CA (Sold Jan-2006) Burdett Way, Sacramento CA (foreclosed Mar-2007) Guadalajara Dr, Rio Rancho NM (foreclosed Mar-2007) Sonora Ave, Albuquerque, NM (Sold Jun-06) Muncy Dr, Modesto CA (foreclosed Apr-2007) W 10250 N, Highland UT (Wrapped, Unwrapped, Wrapped?
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