Larchmont house with foreclosure auction notice
Foreclosure auction notice
Foreclosure sale notice closeup
Since we got a strong offer submitted on the Modesto property that foreclosure auction may get delayed. But this Larchmont house is pretty much a done deal at this point…
At least I tried…
193 Comments
-
Sorry for the slow moderation, my moderator guy has been busy and I need to get more help. I will be trying to get a few more people on board from those who emailed me before.
I’m very busy today in meetings about some awesome things that are coming and also trying to get the taxes done…
I will try to make the foreclosure auction on Monday and videotape it.
-
“At least I tried…”
Tried what?
-
CASEY AND THE THREE STOOGES
Hey everyone,
Remember when you were a kid, and you were supposed to be doing your homework, and instead you snuck off somewhere and watched cartoons, or, for the older readers, maybe watched the Three Stooges?
Remember how it was kind of a guilty pleasure–you knew you were watching idiotic stuff, but it was ok because it was comic relief, and you needed comic relief after a long day at school?
Well..
Reading this blog inspires similar feelings. After a long hard day at work, time for a little comic relief…..le’ts see what Larry, Moe, and Casey have been up to today!!:)
-
Welcome, you’ve been FORECLOSED!
-
Look at the bright side bro atleast your not in jail yet.
-
Awesome things are coming? As in more auctions?
-
“At least I tried…”
Did you send the short sale packet on the NM property yet?
-
Casey, Thanks for putting your story out there. It has been an inspiration. Don’t let the critics bring you down. Wishing you the best in the future.
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat.”
-
Only Casey would get a foreclosure, which is EVIDENCE of failed thinking, ignore it, and turn his attention to some new sweet deals.
Quote from Citizen Kane:
“You’re gonna need more than one lesson. And you’re gonna get more than one lesson.”
-
“I’m very busy today in meetings about some awesome things that are coming and also trying to get the taxes done”
Oh boy. I can’t wait to hear this one.
P.S. Guess what my anti-spam word was for this post?
‘cashback’.LMAO
-
Casey, no offense but how could any “awsome things” come at this point?
I think you need a reality check. -
What happens if the house sells for less than the price you paid? Does the bank put up money and keep it?
I am thinking of attending and putting in a low bid just for s**** and giggles. I live about 20 minutes away btw.
-
When was it you missed the first payment? How long total did it take total?
20% of the market in Sac is now short sales. Soon it could be near 50% - and a good chunk of the other 50% - that is not short sales - will be straight REO.
Subprime lending is imploding (see www.ml-impode.com). Soon to be ALL residential lending. Welcome to the credit crunch. Didn’t the gurus warn you this was going to happen?
-
Hey Casey,
Your doing great. Remember me when you makes Loads O Money.
Your the epitomy of success, I wish I was like you,
Go Casey Go !!
Loads O Money
-
“At least I tried…”
No. Try not. Do…or do not. There is no try.
-
That’s a nightmare of a house - I can’t imagine anyone willing to pay anything near what you owe.
-
I’m very busy today in meetings about some awesome things that are coming and also trying to get the taxes done…
Was anyone else in the room with you?
-
Investing In Real Estate – Is It For You?
You’ve just heard another story about someone making a fortune on a real estate investment. Should you get into the market?Real estate investments are very popular today. Growth in real estate has been faster than the growth of many other investments.
Those who invest in real estate tend to have more control over their investments. You know the quality of the building, you know the surrounding market and what the demand is. If you plan your acquisition properly, real estate can be a key part of your OVERALL investment portfolio and retirement planning strategy.
But investing in real estate is NOT for everyone. You need to be willing to learn and do the necessary investigative work up front. In most cases, it’s not for people who are looking for a quick gain. You may have to be in it for the long haul. Your real estate investment is just one part of your total portfolio.
While investing in real estate can be financially rewarding, there are also downsides.
There’s always an expectation that property will go up in value, but it doesn’t always happen. If you have to sell suddenly and the market bottoms out, you can lose money. Sometimes you have to incur significant costs to get an investment property into rental condition. And there’s always the risk of bad tenants who can do a great deal of damage to your property.
If you invest in the residential market, be prepared for midnight phone calls from tenants and for downturns in the market.
Before investing in real estate, be prepared to undertake extensive background research on the property, the market and potential tenants. Legal work to check for any issues relating to the property is also wise. If you are buying a house as an investment, be sure to get a home inspection.
In addition to legal, mortgage and appraisal fees, real estate investments may be subject to land transfer taxes. Further, there are significant tax implications if you sell the property.
Borrowing money or teaming up with other investors to purchase real estate can be a good idea. It spreads the risks and may permit you to buy a larger number of properties,It permits you to diversify and own properties in different areas of a city or state.”
But keep in mind that if you invest using other people’s money and the market falls, you may end up owing more than your properties are worth.
If you are thinking about investing in real estate, be sure to consult a Chartered Accountant.
A CA can supplement your research, help you with financing and advise on how to structure the ownership of the property.
A CA can help determine the capital cost allowance on a property and help identify deductible expenses, such as insurance, mortgage interest, property management fees, condo fees, repairs and maintenance, and professional fees. A CA can also help you design a system to keep the records you need to determine rental income and expenses for tax reporting.
-
Hey Casey,
Just wanted to let you know cos I know you’re going to be successful.
My brother works in the FBI, and he did say there is a file on you. They do read your blog, and know that you have admitted to federal crimes.
They’re having a meeting next week about what to do with you. I’ll keep you updated.
Loads O Money
ps. I put in a good word for you Casey. As soon as I hear anything I’ll let you know.
-
wow… that’s tough man…
Thanks for posting up as you go through all of this. It’s a learning experience for me to watch all of this before I get anywhere close to the point of investing!
-
Should be a sweet day on Monday!
-
This house does not look very kept.
-
So, how did you hear about the foreclosure? From someone posting here, right?
-
Sweeeeet! I hope this goes down well given that I have my red rocket cocked and ready to explode a load of RE wisdom on the front door of whatever I deem to be hot and steamy. Go with the flow. Stay off the blow.
-
Hey Casey… Do you remember when I tried telling you in December that the stock market you’re so disparaging of is a FAR better road to riches than today’s housing market? I recommended the mining stock NXG at about $3.10, and pointed out that it had just broken out of a major descending triangle. Two months later, it’s up 25%. Kind of tough to top that in housing these days, eh?
NXG is still running, but the good news is that you get another chance. NTO has fundamental and technical attributes that are VERY similar to NXG’s in December. In two more months, we can talk again. I make no promises about NTO except that I’m SURE it will perform better than housing or apartments over the same period. It’s not hard to beat an investment that’s already had its day…
-
Casey: don’t sweat about the foreclosure. The important thing is that you tried. You’ve had a great learning experience. And your learning is far from over.
It IS all good.
-
Casey:
Great idea about the video of the forclosure. Make sure to write http://iamfacingforeclosure.com on the Blue Ball and get it in the video.
-
Sad, really sad. But you are getting what you deserve.
-
Ya you tried really hard! muuaahhhh
-
Hi Casey:
Great news about the foreclosure! Now, you have one less thing to be concerned about and will owe less money! Yippee! Let them all go to foreclosure! It’s the way of the market!
Face foreclosure with your head up and in 7 years you can do sweet deals again! Next time rename your blog “the Seven Year Itch.”
Life is good in Mexico… good beer and cheap girls!
H
-
really? you tried? What exactly did you try?
Casey, what do you DO all day? Can you please walk us through a typical day, and break it down into specific, non-vague tasks. Like “call so-and-so regarding _____”
we’d really like to know
-
Those dominos will fall fast now. How/why did you happen to visit Larchmont today?
UncleC
-
Hey Casey,
A big thank you to you! When I heard your Countrywide story, how they lent you money with no documentation on a cash-back, over-appraised deal, I went straight to Schwab and shorted Countrywide.
Then I started looking into other bad lenders, and shorted Impac.
I closed out my Impac short today for an $1100 gain. I’ve traded Countrywide for a $200 gain, and still have a small short position that’s ahead several hundred dollars.
Thanks, Casey, for shining a spotlight on these doomed companies!
W.C. Varones
-
Why are you even pretending that you’re going to be there? You’re not going to get up and be at the courthouse by 9:30 on a Monday. You have to drive all the way over from West Sacramento, across the bridge, during rush hour, and I don’t think that there’s a single Jamba Juice or Starbucks in the area.
Besides, little snowflakey hobbitron, the foreclosure date was posted in your blog comments around a week ago. You knew about it already.
-
PROBLEMS WITH SUCCESS BY 25:
-
ya u should video yape it asap. and how are you going to pay taxes? with out a job? you say u have “deals” being “creative” setthing things up with people and cororations…..but casey, no one is going to lend you money. and how are you paying ur credit cards each month. you have no job? how much cash do u have on you? and
why dont you answer ur phone?
-
please dont tell me u fliped this house and updated it. it looks old and ugly. did you really fix this house. haha thats horrible. you are NOT a flipper. u spent 30,000$ on an education. atleat flip right. it needs a huge make over!
-
Casey,
Be prepared to get 1099′d on the debt forgiveness from your lender and pay taxes on the ‘phantom income’.
I know you tried to short sell it but now you have no control over the amount of this debt forgiveness, whereas in a short sale you would.
I just heard that HUD and The FBI has mobilized 4,800 people to look into the lender/buyer fraud.
-
“At least I tried…”
I’ll probably be the millionth person to post this by the time this comments gets approved, but no you didn’t Casey, you didn’t try at all. Trying would have entailed renting the place out while you were waiting to flip it, doing some basic yardwork to make the place presentable, and actively trying to sell the house, instead of waiting for the houses to come due.
Others have posted how people like you who follow these get-rich-quick scehemes bring the rest of us down with you. At this point no amount of coporate credit will save you.
-
TRY??
WHAT DID YOU TRY??
TRY JAMBA JUICE AGAIN??
HAAA
-
Oh, sugarplum….you forgot something.
This is the company that is the trustee handling some of the foreclosures. Specifically, the Countrywide foreclosures that are due.
Click on California, then Sacramento county, and search for the word “Larchmont”. For some reason, it won’t work if you try to link directly to the property.
There it is. Sale on the Sacramento County courthouse steps at 9:30 AM Monday.
Now go back and click on Stanislaus county, and search for the word “Muncy”.
1910 MUNCY DRIVE
MODESTO , CA 95350
Stanislaus County
TS # : 2006-20185Bid Not Available
At the “I” Street side of the County Courthouse Building, 1100 “I” Street, Modesto, CA
2/26/2007 12:00:00 PM RECONTRUST COMPANY, N.A.
I think you’re a little late for the short sale.
-
Why do you insist on short sales?
You will, most likely, receive 1099s for the difference on the short sales. Also, you might be exposing yourself to other bills (which you would not have in foreclosures). -
I will try to make the foreclosure auction on Monday and videotape it.
For freaking months, you couldn’t make it to the actual house to fix it it up and sell it, but now you can make time to videotape your silly a** losing it at foreclosure? Okey-doke.
PS - the lender has set the opening bid for Larchmont at $216,000.00 - quite a bit under what you owe them. Mebbe you best check with them to see if they are expecting that $50K note you signed is going to make up any of the shortfall.
PPS - this will be the first time an institutional lender (as opposed to the hard money guy in TX) suffers a real quantifiable loss due to your fraud. If I were a DA looking for a fast easy case to prove, I’d be on you like white on rice.
PPPS - Nigel’s SWAT accountant to the contrary, the lenders don’t have to cooperate in the investigation. That’s why the DA can issue subpeonas and get search warrants.
PPPS - my antispam is “itsallgood”. I’ve got a feeling you’ll be finding out a lot of it ain’t no good at all.
-
You optimism at this point is sickening. We all know you love that Larchmont house. Who are you trying to kid with “I’m very busy today in meetings about some awesome things that are coming…” Another expression of your basic dishonesty. Sorry about the way things are going. Tuesday will be better. I hope that your buy yourself a Jamba Juice.
-
Couldn’t even get the moderator recruiting right.
Chalk up another failure on the billboard that is Our Hero’s resume.
-
“Sorry for the slow moderation, my moderator guy has been busy and I need to get more help. ”
For once we have a post from Casey with some element of truth in it.
-
If I don’t hear back from the Modesto realtor Monday morning about the Modesto property auction being delayed then I will have two trustee sales to catch. I’m glad the Modesto one is conveniently scheduled for noon. So I can catch Sacramento at 9:30 and rush over to Modesto and hopefully make it in time. It’s going to be a crazy day.
-
After you tape the foreclosure auction, you can reward yourself by buying yourself a nice and cold JJJJJJJJJJJJJJJJJJJAMBA JUICE!!!
Well, I look forward to seeing your foreclosure auction video for “educational” purpose.
-
Ho Ho Ho - It’s Santa Flipper Clause
If Santa were going to buy a house, it would not be this one.
Santa F. Clause
-
So, I’m starting to lose count….after Monday you’ll have three (or is it four) foreclosures on your resume and credit report….and to quote you “foreclosure is for LIFE.”
Pretty bleak times I would think….VERY few people experience one foreclosure…let alone two in one day.
So these potential “sweet deals” must be pretty amazing if they are enough to offset the obvious disappointment and searing defeat of seeing your real estate empire vanish before your eyes at the auctioning block. Could you spare a few seconds and drop a few clues as to what could be some awesomely good???
-
Ok Casey, this is a good time to come clean on this property. You make all these claims concerning your honesty and integrity, and how you were just such an innocent “investor”; well then, explain how this deal worked were it not for DISHONESTY, most likely on the part of several people.
How much CASH BACK did you take out of the escrow, $40,000 -$50,000? Since the house was languishing on the market at $289k, I will guess that you took $50,000 out and put it in your pocket? Then you pulled up the floor coverings, slapped on $500 worth of paint, and put on $40 worth of kitchen handles, and tried to convince someone that it was a “SWEET DEAL”. That is obviously what you did Casey, and if so, it is not really honest and innocent, is it?
Now, you had to have other conspirators to make this deal work. The appraiser obviously had to have been dishonest, or very, very incompetent, for how could the value have been $50,000 more than the asking price on a home that was stale on the market? Good question, huh? Well, if the appraiser submitted the appraisal with an “as-is” value, then of course that what happened, isn’t it? Now, if the appraisal had been done based on the hypothetical, that you would do X, Y, Z, and as a result, the value would be $330,000, then of course the lender would have funded based on the condition that work was completed, Right? But, this is not what happened, is it? It is overwhelmingly likely the appraiser appraised the property “as-is” to facilitate your scam, and if that is so, the appraiser is just as much, if not more of a crook than you are. If I were the lender on this deal, I would report the appraiser, and make claim on his or her E & O insurance to recover the loss.
And what about the escrow officer, where are they on this whole deal? It would certainly appear that they have at the least violated their trust, if not worse?
So Casey, you claim to be so honest and innocent, than share the details of what to took to make this deal work. No smoke and mirrors, BS, or your intentions were this or that, just give us the facts. Back up you unsubstantiated claims, or just admit you were perpetrating fraud. I will bet that you do not have the fortitude!
-
I am finding this saga more and more difficult to believe, each day. It just seems to get more and more outrageous. Two foreclosure auctions in one day? Has that even ever happened before to one person?
Hey Casey, here’s an idea for a Sweet Deal if you can pull it off. Raise some capital quickly and buy your own properties at the foreclosure auction — for less than you currently owe on the mortgages! Yeah! And from that point on, it’s all downhill to the local Jamba Juice store.
-
Casey -
What do you do all day? Can you please walk us through a typical day, with any many details as possible? Who do you call? Who do you meet with? You don’t need to specify the “deals” but tell us what you are doing - securing financing? Sending letters? Making phone calls to follow up on the Utah payment?It would probably help a lot of us hate you less if we knew what you did all day.
Thanks
-
Isn’t it time to change the name of this blog to ihavebeenforeclosed.com?
What’s the scoop on the Burdett property, the NM property, and the “wrapped” property?
Have you talked to an accountant yet to sort out your actual financial situation, and whether you’ll have to pay taxes on the foreclosures/short sales?
What’s the plan once you have no houses left? The way things are looking, in 6-8 weeks, you won’t have any real estate left to worry about.
Honestly, it’s kind of sad to think that this blog might be ending soon, as without the real estate angle, it’s a little awkward to read about a guy who’s deeply in debt who spends his time drinking Jamba Juice and bouncing on a little blue ball while daydreaming about sweet deals.
-
Casey,
Your website provides a tremendous vehicle to show the world that there is no path to easy riches. Wealth is made by leading the pack..not following it. And by the time there are “seminars” on flipping realestate, it is time to get out.I commend you on publishing your story for the entire world to see and facing some ridicule while doing so. You are young and have the time and amition to recover. Sweet Deel made probably the wisest comment I have seen on here yet when he quoted Citizen Kane and said “You are gonna need more than one lesson and you are gonna get more than one lesson”. I would strongly encourage you to prove him wrong.
Would like to leave you with a final thought that I hope you find both inspirational and thought provoking.
Get a job.
-
Casey, if you make a video use this to distribute it. You can thank me later.
-
“Welcome, you’ve got TWO foreclosures and 54 messages.”
-
I suppose that we can picture the loss as Casey’s “sweat equity” in de-modeling the house, removing the flooring, and generally making the place uninhabitable.
-
I can’t believe how nice Countrywide is! They just bird-dogged another SWEEEET foreclosure deal for you! OOPS! Now you owe them another $500
-
Casey -
Did, by any chance, these ‘meetings’ and ‘good things’ involve a general from Nigeria?
-
Casey, I just looked at the pictures of Larchmont on your website:
http://flickr.com/photos/serca.....78/detail/I don’t understand why you didn’t make any repairs or clean it. How can you say you tried when the only thing you did was install a new vanity and mirror and rip out the floor coverings? What did you do with all of the cash back at closing? You can’t have spent more than $600 on that place.
-
Opening your mail is not “trying”.
-
Maybe there will be another snowstorm.
-
Casey,
You are on the right track, keep the faith. They’ll still be renting as you fly over their rat race bald heads in AbleBuyer One. Keep borrowing wherever and however you can. Today’s debt is tomorrow’s equity. Hold out and it will turn around and you’ll be on easy street. You are an example for all of us.
-
What I don’t understand is why you’re trying to hard to get these delays. It’s not like you do any work to save the property afterward. Heck, for Rio Rancho, you even sold your rights to redeem it!
A month ago you were crowing because one of the auctions had been delayed, and a month later, it’s on the block again.
You’ve made it clear that you’ve just stopped thinking about your current real estate and have already moved on to your next pie in the sky fantasy. (The grub-infested lawn above is proof of that!)
So really, what difference do these delays make? You won’t put forth the slightest effort to sell them (sent that NM packet yet), you might as well just let ‘em get foreclosed.
-
This blog really brings out the worst kind of people, and I don’t mean Casey. I have been building a psychological profile of the people that post the kind of vitriolic comments that plague this blog. The conclusion is not good. I would certainly prefer Casey as my neighbor than the people posting so many nasty and bitter comments on this blog.
-
Quote from 21. >
“… My brother works in the FBI, and he did say there is a file on you. They do read your blog, and know that you have admitted to federal crimes……They’re having a meeting next week about what to do with you. I’ll keep you updated…”If it is true, it is good to know that ‘finally’ the Federal is going to do something about it. Please do keep us posted, I am sure many of us would like to know how it goes.
Regrards,
-
If I was being for foreclosed on, I would not even show my face. I’d be too embarrassed!
Have a little humility!
-
Nelson (#9) - are you SH*TTING us? That inspirational quote has no place in Casey’s world. Man, you must be gullible! Casey doesn’t “strive valiantly” on anything, except work!
-
Casey:
I have a great idea for your new corporation BBC Corp. (that stands for Blue Ball Corp. in case you forgot).
You can work with the FBI to track down and put all the crooked mortgage brokers and lenders in jail.
You might even get imunity since you will help them arest quite a few people.
The crooked lenders will not even know what hit them. When they see you walk in asking about a Sweet Deal with a Jamba Juice in your hand they will all think you are nothing but a stupid 20 something flipper…
-
So your actions have not hurt anyone, eh Casey?
http://biz.yahoo.com/ap/070224......html?.v=4
And that is only the beginning. I am curious how you will be acquiring credit for your corporation in the wake of these recent events.
-
@ #70 Brian S. Nick
Hi Brian I checked out your blog. You seem like you have great intentions a wonderful positive attitude. Unfortunately you have obviously not been here for very long.
Read the past posts and you’ll see that lots of very intelligent folks visit and are plain disgusted whith super boy’s actions of mass financial destruction.
Oh and to quote YOUR blog Brian -
“I believe that Disneyland is a mecca where all things can be learned”
Ok I understand now. Nevermind.
-
” 70. Brian S. Nick
February 24th, 2007 at 11:37 amThis blog really brings out the worst kind of people, and I don’t mean Casey. I have been building a psychological profile of the people that post the kind of vitriolic comments that plague this blog. ”
Spare us the condescending psychological profiles you have compiled along with your “live and let live” platitudes.
If the comments on this blog are too caustic for you, that is honestly too bad. You’ll forgive us if we don’t share your optimistic appraisal of young Casey’s personality. Actions in my opinion speak louder than words. And his conduct to date quite frankly speaks for itself.
So I have to disagree with your assertion: I would personally prefer a neighbor that had a strong sense of honesty versus someone who portrayed himself “sweet” on the surface while hiding a more sinister dark side beneath.
-
Yo Brainiac,
Taking any of the people from your “awesome” meetings to your Sheriff sale next week?
That should really impress them.
-
It’s a new paradigm, and everybody who doesn’t buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
-
21. Loads o Money
My brother works in the FBI, and he did say there is a file on you. They do read your blog, and know that you have admitted to federal crimes.
They’re having a meeting next week about what to do with you. I’ll keep you updated.
I had lunch with FBI Director Robert Muller today.
He’s says your brother is going to be fired on Monday. Something to do about confidentiality.
I’ll keep you updated.
-
@ Brian S. Nick
Are you writing from a mental institution? You sound like a patient of mine.
Take your meds!
-
Here is the date, time and location from the letter:
Monday Feb 26th, 9:30 AM
East main entrance to County Courthouse
720 9th St, Sacramento, CAAnybody coming? Anybody bidding?
-
Gonna try turning the comment rating thing again… never mind, there are still bugs in the code… need to debug and try later -
Casey, continue to ignore the haters as much as possible.
Maybe you should think about beginning the process of becoming a seminar host yourself. You clearly show a talent for picking up “positive chatter” and that’s really all those seminars are made of, that is, words! (Which you so shockingly discovered when you tied those words to land and houses.)
Keep the chin up, and not long from now, this RE experience will seem like a bad dream. Get going today (you already have a BIG head start) on your new career as a wealth-building seminar host!
-
Casey,
What are the tax implications for you when these two properties are foreclosed on? Is there a difference if it is a short sale versus a foreclosure? Is this the place that you signed a note for $50k?
-
Casey you know how I know you suck as a business person? You get all this traffic and exposure and can’t make 1 cent of it. Look at those pixel sites or sites that have gottn a ton of exposure they made millions, millions that would help you pay back all those dirty pennys. 1 diffrence though they got of their lazy a** and went out and got them, you just smooch of your in laws and you will do that for the rest of your life. You are a loser and your good looks can only last you so long, eventually you will be a middle aged fat man with a 300 fico score and a divorce and have nothing to look foward to, Its time to change either now or never. I think your biggest problem is your a lazy bum. You gotta realize that god helps only people who help themselves. You are just like those old ladys I see at gas stations spending there welfare money on scratchoffs looking to get rich quick, Except they never forged any documents to defraud banks you have. You should ask those so called smart attorneys wether forging documents and falsyfing information on them warrants jail or not. Bet they say it does.
-
Why you bought this place for $330K is beyond me. That place is a dump in the 80K range at most!
-
Again I ask, what is it that you do all day? We’d love to see something like:
9:00AM - Casey Does “A”
10:00AM - Casey Does “B”
11:00AM - Casey Does “G”
This is important stuff!
-
21. Loads o Money,
If your brother does work in the FBI and told you this and then you tell Casey, the s*** is going to hit the fan over there. What does it look like when they read this (you said they do) and see that someone tipped off you and then you tipped off someone under investigation? People get indicted for this sort of thing! If true, this could be a felony somewhere down the line (probably on your brother). If true, it was not smart at all divulging this.
-
Hey Casey,
Your friend here Loads O Money…..
Now you have been asked by me and several other people to write down a detailed dairy of what you do each day. We need to know. Have you seen Donald Trumps books - that’s what he does in each book.
Go on Casey - let us know how you spend your day.
This would be a real sweet thing to do Casey,
Go Casey Go,
Loads O Money
-
Why would you show up to your own foreclosure auction? I’d be too embarassed.
-
Hey Casey,
I know your successful. I have just spent all day doing taxes for my rental properties here in Dallas. Can you let me know how you manage to pay an accountant to do your taxes.
I need to know Casey - cos I am going crazy with Turbo Tax and Quickbooks - its not easy Casey.
Casey - please tell me your sweet secret - I know that you are money challenged at the moment - so I would love to know how you pay the sweet accountant.
Keep up the sweet deals. If I see any 100+ apartment complexes here in Dallas going on the cheap I will surely email you. I know what you’re looking for and am keeping my eye out for you.
I wish I was as successful as you Casey - when I grow up some more I want to be like you,
Loads O “Sweet” Money
-
YES, I BID $1, CAN I BORROW $1 FROM YOU??
DO I GET YOUR HOUSE??
PLS, LET ME HAVE YOUR HOUSE.
$1 ONLY
-
On Feb. 22 a post was made by “gbroiles” on a prior thread. It came late and I just found it. Normally I hate long posts, but this one is different. This may be the best post ever. Thanks gbroiles. The last three paragraphs are priceless.
Casey, print this out and read it first thing every morning and again right before beddie-bye. Every day, every night.
Ya nincompoop.
212. gbroiles
February 22nd, 2007 at 8:27 pm I realize that it may be impossible for you to fully grasp the basic problem with borrowing additional money to “pay off” your existing debts.Leaving that aside, these “corporation broker” people are absolutely, positively, full of sh*t.
You have got to learn to spot scams before handing over your credit card.
The corporation brokers you’re talking about show many signs of being a website full of broken promises. For example -
1. They offer a “triple platinum” package. People with real products that provide real value don’t have to tart their wares up with hokey BS like this.
2. Their business address is one of those private mailboxes-by-the-month places. Those guys charge 5-10x what the Post Office does for a comparable PO Box. Why do people use them? Because they don’t want to have to talk to anyone who’s in the same building as a Postal Inspector.
3. They won’t tell you their names or give you specifics about their resumes and their business experience. If these guys are such big experts, why won’t they put their names and their resumes on their website?
4. Actually, I haven’t seen this before, but it’s so f*cking ridiculous that I can’t believe (a) that they’d do it, or (b) that everyone doesn’t immediately run away screaming … the “financing” they offer to pay for their ridiculous service is CashCall.
5. They say that they’ll report a $2500 line of credit to D&B and Experian when you form a corporation .. but they’re not offering you credit. (They want you to go pay 59% at CashCall.) This is a lie. You remember what happens when people tell lies about credit, right? Also, if they will lie to D&B (and brag about it on their website) in exchange for money from you .. do you suppose it is possible they would also lie to you, if it meant that they got to have some money?
6. They say that you’ll qualify for “$50K guaranteed cash credit”. This is impossible. I mean it. Impossible. This is the financial equivalent of a perpetual motion machine. Someone who promises you this is an idiot or a criminal. Do not do any business with them, under any circumstances, ever.
Think about it. If you could give someone $5000 and get $50K worth of credit .. you could then take that $50K and get 10 more $50K lines of credit; and take that $500K and get $5M worth of credit; and take that $5M worth of credit and get $50M worth of credit .. and so on. Pretty soon you can take over the universe.
That’s exactly the sort of magical thinking that got you where you are now.
Credit is not free money. Credit is money lent with an expectation that it will be repaid. Nobody is going to lend $50K without a plausible explanation for how and when it will be repaid, with interest. (This is the difference between families and banks.)
A newly formed corporation might - or might not - have a reasonable plan for repaying $50K in debt. According to the corporate brokers’ website, I could pay them $4500 to form a corporation whose business plan consisted of paying me $50/hr to sit on the couch and play Playstation and hope (er, “think positive”) that a meteorite filled with magical diamonds from Mars will land on my lawn, which I will then sell to repay the loan. According to the website, that corporation qualifies for a $50K loan. Do you see a problem with that?
The only plausible answer is that somebody’s lying. Either the corporate brokers are lying when they say the $50K is guaranteed, or the loan is possible because someone’s going to lie on the credit application to get the $50K loan.
Does any of that sound familiar to you?
The outcome of this is likely to be one of two things - either the brokers tell you “Sorry, I guess the $50K you counted on didn’t work out, but we’ve already got our $4500, too bad for you”; or you commit some more loan fraud. My bet is on the former scenario, but the second is possible, too.
Of course, it might be that there are real lenders in the mix, who really will loan money to anyone, based on the strength of your cosignors’ credit. If that’s the case, you don’t need any of this expensive corporate crap - just get the cosignors to get a credit card in their own name, and add you as an authorized user. Voila. You’ve got credit, and someone else is on the hook to pay it back, which is exacly the scenario you described, except that nobody extracted thousands of dollars from you and your cosignors to set the thing up.
There are legitimate companies that form corporations - try LegalZoom, or Bizfilings.com, for example. You shouldn’t pay more than $400 or so for a California corporation, assuming you want to go the do-it-yourself “we don’t need no stinking attorneys” route.
Your current plan looks exactly like your previous (failed) plan, except that this time you’re seeking “corporate debt” instead of mortgages, and you’re going to pay thousands of dollars to useless gurus who will sell you garbage about “asset protection” and “corporations” instead of “making millions in real estate.”
At the end of 2007, will you have formed 8 corporations in 8 months, each of which will have $50K in debt guaranteed by some gullible family member?
If you hurry, you might even be able to get all 8 of them formed in the same month, so the lenders won’t see the multiple hits on the credit report of your cosignor .. but I guess you know about that trick already.
-
Hey,
My brother says he’ll be okay at the FBI. He said he’s cleared to tell me what he said.
I hope he’s not bs’ing.
Anyway - I’ll keep you updated Casey.
And let us know how your corporate credit is going. Don’t be discouraged by gbroiles - he obviously hasn’t heard of the Acres of Diamonds parable.
It says that you’ll find acres of diamonds in your back yard. I know you dont have a back yard - but think positive.
And Casey - remember what Trump said. If you’re ten thousand dollars in debt your scr*w*d, but if you’re $2M+ in debt then you have real power. Thats how Trump was so succesful with he was $2B in debt.
Casey - can you tell me what your favorite Jamba Juice was again. I went for the first time yesterday - following in your footsteps, but I couldnt remember the one you like. It was Wheatgress, banana and something else. Let me know.
And that gbroiles - he obviously doesnt know how many meteors come down on earth each year. There are thousands… and a good many do have diamonds in them. I know Sacramento is due for a meteor hit soon… but keep your bobble hat on Casey - in case it lands on your head.
Oh, and before I go, I did tell my brother all the great community service you’re doing here, helping fellow investors and I mentioned that you are tithing your money so that should help you. Let me know if there is anything else I should tell them,
Sweet Casey.
Have you read Hill ? Well just think Imagination Casey - Imagination…..
Your a success,
Sweet,
Loads O Money
ps. I’ve got a tenant telling me to F off on paying rent. Can you tell me what I should do Casey. He keeps saying its in the post, but the money never arrives. Tell me what to do Casey.
-
I think Casey’s plan is now becoming obvious.
And I must say, he achieved partial sucess with it, as well.
The plan went like this:
1) Buy as many properties as possible in the shortest time possible as long as lenders accepted to give him credit on a stated income basis, etc;
2) Buy all these properties with a heavy cashback, inflating their price as much as possible. This built a nice $ stash (8x$50? $400k?);
3) Try to sell the properties for the same as you got them or more (if sold at the same “price”, they would really mean he had gotten those $400k free and clear). This one failed;
4) Go into foreclosure and BK to erase the debt … but HEY, nobody is going to touch the stashed away $ from the cashbacks !!!
That was probably the plan, and as you can see most of it worked.
It’s also fraud on many levels and surely it deserves some time in jail.
-
To #76 Jilly:
Thanks for reading my blog. It’s fairly new but I hope you can see that I’ve tried to write some substantial arguments about management and the business world in general. Please comment on anything on my blog that grabs your attention. I love discussion.
You’re right about me being new to Casey’s blog, and I have already read lots of comments from smart people (really smart people) that have poked significant holes in Casey’s real estate investment strategies. No argument from me on those points. However, the hateful comments don’t seem to be a proportionate response. If someone has already made a good argument as to why he is not just a bad investor but also an evil person maybe you could point me to it.
In my experience all people lie and all people are much worse than the appearance they put on in public. I prefer the person who is honest about their vices than the person who pretends not to have vices. That’s just my preference. Jilly, have you read the Scarlett Letter? If so, do you think it is at all instructive in this instance?To #77 Mayhem:
Fair enough. I am not a mental health professional, but like a lot of people I enjoy playing amateur psychologist. If I could edit comments I would remove that bit, but as it is I’ll just have to apologize: I am sorry for the condensing remarks.
When I read these caustic comments I get the impression of a vigilante mob ready to round Casey up, rather than people discussing reasonable grievances. To be sure, there are reasonable grievances here but they are unnecessarily mixed in with the vitriol. -
I think, for the most part, that i have managed to be mostly civil. I haven’t responsded to most of the posts that I wanted to - others pretty much said what I was thinking.
But I just have to say at this point - you are either on drugs (and I want some of them!) or you are really detached from reality. There’s no in-between. You are so completely self-deluded and so willing to abandon realit for fantasy - there’s no other explanation that fits.
Get a grip on reality. Then post. And not until then.
-
It just struck me, Casey. The whole purpose of you going to the foreclosure auction with a video camera isn’t for a learning experience. What you’re planning is to get video of you handing over the house keys to the lucky buyer at the sale. I’ll bet you’ll be wearing a clean blue shirt and beaming proudly at the camera as you shake their hand and present them with the keys.
In reality, what will probably happen is that no one will bid, and the auctioneer is gonna say “Sold back to the beneficiary” and go on to the next house on his list. No one from the lender will be there to get the keys, and the auctioneer won’t have the time or inclination to pose for a home movie made by a 24 year old kid who hasn’t got the faintest understanding that losing a house to foreclosure is serious business.
-
Some of the “sweet” antispam words I’ve encountered include: “winwin”, “cashback”, “leverage”, and “awesome”… Casey has a sense of humor.
-
#95 Loads o Money… I think your tenants need an incentive instead of punishment. How about for on time rent you will give them a $50 discount. I hear that works better than a $50 late fee.
All the people to asking me for a dairy… I think I should try keeping track of a typical day… problem is I rarely have typical days. But it’s something to try. I myself love to do metrics and measuring my activities for self improvement. I also love efficiency. Measuring my activities will help me spot areas that need attention.
Maybe I can try it next week…
-
Dearest Casey and Family,
Your blog has been my guilty pleasure for several months now.
Good-bye.
After the death of Miss Smith and the postpartum melt down of Spears, I no longer see it as interesting to watch you spiral.
Just as no one in their family stopped them because they are/were the gravy train, no one in your family is stepping in and stopping you.
I can’t read any more. It is not harmless fun, this is your daily life. Putting aside all the financial/legal aspects, this must be taking a toll on your soul and the lives of your family.
-
Casey,
You should host a live chat and do a podcast. -
@ 98. Brian S. Nick
No I haven’t read the Scarlet Letter. Have you ever seen the episode of South Park where Kyle’s really annoying cousin comes to town?
This is not your blog. Buh bye!
-
91. Casey’s Biggest Fan asks:
“Why would you show up to your own foreclosure auction? I’d be too embarassed.”He will be able to film the next YouTube #1 Video (who won’t want to watch the folclosure kid actually lose a home)…
-
So Casey, why should we be rewarded for something that we should do?
Should the IRS give us a bonus if we turn our taxes in on time?
Should I get a bonus for showing up to work when I’m supposed to?
Please, only children need rewards to do what they should do. Or dogs.
Either/Or not the best comparison
-
Casey,
You are so sweet. Can’t wait for your next deal.
Hey Casey - your last post about doing a dairy. Look how many times you used the word “try”. If you try to do something, you dont have the intention of doing it - but just trying. Just say you will do the dairy and get it done. Dont tell all your fans that you will try to do it. We dont want you to try doing your dairy - we want you to do your diary.
And dont worry Casey - you can get inspiration from Donald Trump. Just look at one of his books and he has a diary in each one ( one of the chapters. ) Do one like that.
And remember - dont use the word try. Do get it done…
Tell us a date when you will have it done, and meet that date. Can you tell us when you will do it ?
Sweet Casey Sweet,
Loads O Money
-
Casey - I just found a great 96 unit apartment building here in Dallas. The owner wants to leave USA, to go back to his family in Hong Kong. He wants to make sure it goes into good hands. It does need some rehab - not too much. It has 80 one bedroom apartments and 16 two bedroom apartments.
He said the NOI is $1.7M with a 11% cap rate.
That cap rate was way to high Casey - so I beat him down to a 8% cap rate. I know you would be proud of me.
Let me know on this blog if you’re interested, and I’ll email you the details.
This is legit Casey - am not bs’ing. ( Remember those Acres of Diamonds….)
Sweet,
Loads O Money
-
Casey - I tried to send you another meaningless post Casey, but I failed. Wish I was like you Casey,
Remeber me when your a great success,
Remember Casey - the world turns on idea’s. What differentiates me from you is the idea’s in my head ( and they are not a pretty picture… maybe I should see a priest )
Loads O Money
-
Casey,
Don’t worry about posting a typical day. Just tell us what you do today. And tomorrow. And the day after. -
Loads O Money… you beat him down to 8% cap heh? So you actually are going to pay him MORE then what he’s asking?? The higher the price the lower the cap relative to NOI.
Hey why don’t you use your real email address so I can email you and talk some more about your deal?
I use the word “try” because I like to give myself a way out in case something better comes up. I would commit to stuff in the past only to break the commitment. I realize i’m a “keep my options open” personality type so I have to be careful when and how I commit. Using the word “try” shows my intention, which may or may not happen. But I will definitely TRY to make it happen. I’m learning to choose my commitments carefully. Does that make sense or should I use a different word to show my “intention” to do something??
-
#95
Loads O Money,
Once again you show your arse in just being a jerk. If you have nothing to contribute then dont contribute. I think at this point you must like reading your own drivel. As for me, I care for never again reading the mindless rantings of Loads O Money. I think you should work on getting just A Bit O Class.
-
Hey Michael - thankyour for spreading your sweet real estate love, maybe one day we’ll do a deal together.
Sweet,
Think of me when you’re doing your next deal,
You’re so sweet Michael - you must be a success,
Loads O Money
-
Casey, regarding #113, where you ask for a better word than “try” to describe your typical behavior:
“Intend”.
“I intend to mow the lawn in front of the house I’m trying to sell, in order to make it presentable”.
Not “I’m going to try to” do that.
Because you’re not going to try. We know this, through previous experience. Instead, you’re going to open your mail and rearrange your bookshelf.
I’m not trying to be a jerk here - I’m trying to give you an honest answer to your question. The verb “intend” really does describe your typical behavior much better than the verb “try” does.
-
@114
LOM is right on, so leave him/her be. Funny, too. I like the question about how to collect rent from a tenant that is blowing you off. Snowflake would simply “outsource” the operation.
What you, Snowflake and others like Chancellor Brian Nick fail to credit is that there’s a darn good reason for the vitriol and sarcasm in the comments: frustration.
Snowflake is engaged in, and has been engaged in, enormously self-destructive behavior for at least a full year. He created a blog in which he solicits advice and then promptly ignores it. He continues to reside in some kind of parallel intellectual universe where the only things that matter are “learning experiences” which are “all good”. He resists any change in his lifestyle to accommodate the horrendous decisions he has made and believes that “awesome deals” are coming that will extricate him from his morass.
His acerbic audience wishes somehow to push through that silly, concrete-reinforced bunker that encases his brain. But it ain’t gonna happen. In fact, the whole exercise has become a control game; as Snowflake said in a recent post (and I paraphrase roughly, except for the crucial terms “control” and “believe”): “if I can control what I believe about a situation, then I’ll be OK”. As long as Snowflake can continue with this silly bit of solipsism, he wins–not at his finances, but in his interchanges with his devoted readers. From his standpoint, I guess winning at a meaningless little game, while losing the giant financial war, beats losing at both.
As for me, for the most part, I am left at this late date mostly just to watch and wonder. I am dumbstruck that there are people like him walking around and posing as competent adults. Snowflake needs a psychoanalyst and a babysitter.
-
Casey, what are your thoughts on the real estate market? Is the correction over now or does it have more to go? Hypothetically speaking would you buy, sell or hold ?
-
Casey,
as a start why don’t you fill us in on what you’ve done so far today. It won’t take a lot of time.Here, I’ll tell you about mine:
Slept until 11 am (no apologies here; it’s a day off)
Made myself a belgian waffle, scrambled eggs, and coffee
Called my mom to say hi
finished painting my guest room (I bought a house last year - 20% down and traditional mortgage to boot! boring!)
hung shades in guest room
did my taxes ($1800 federal refund - SWEET!)
started making beef burgundy stew for dinner
shoveled walkway
read all the comments on this latest postSee how easy that was? Now YOU try!
-
I have an inkling that Casey is beginning to see a slight hint of the dawn. Let me explain: When I first started reading IAFF in September, in that little bio at the upper right, CS described himself as an “aspiring Real Estate Investor”. Later, he changed that to “a Real Estate Investor”. Now he’s calling himself a “would-be real estate mogul”. I guess this is a form of progress, isn’t it? I’m wondering what he’s accomplished in the 6 months since he’s started this log. Wouldn’t he have been better off if he had just turned the keys back in (a DIL?) 6 months ago?
-
Hey Casey, are you the guy who wrote the question to inspire this article?
What if I just ignore my debts? You could be on the hook for this mess until you’re like 60 or so. Sweet.
-
I myself love to do metrics and measuring my activities for self improvement. I also love efficiency. Measuring my activities will help me spot areas that need attention.
Maybe I can try it next week…
The second statement gives lie to the first.
-
I’m reminded of a line from “The Simpsons.” Bart says “I can’t promise I’ll try, but I’ll try to try…”
-
“Using the word “try” shows my intention, which may or may not happen.”
aaackk!! Ha ha ha ha!! Ya know, I’m exactly the same way. I say,
“I will TRY not to scratch the furniture!”
and
“I will TRY not to poop on the sofa!”
or
“I will TRY not to pee-pee in your coffee cup!!”
But hey, that MIGHT or MIGHT NOT happen!
thppttt!!!
S_t_C
PS - On all those loan documents you signed, below your signature did you write something like, “I will TRY to make all the payments on this loan!!”
-
Casey - if you have the intention to do something - then say so and do it.
Don’t say or use the word try…. cut it out of your vocabulary.
Why, because when you tell others you will “try” and do as you say and then don’t follow through, your reputation is tarnished and credibility discounted.
Say either - “yes” or “no” or “I’m not certain.”
If you were to become a landlord of a large appartment complex, do you want your tenants saying they will “try” to make their rent payment?
If you have a business partner, do you want him to say I’ll “try” to make the bank deposit today?
How about your car - do you want it to “try” or do you want it to “work.”
Again, if you have the intention to do something - then say you will do it and be good to your word. If you can’t commit, then be honest and say you’ll not be able to do so.
Why do you think Nike had the tag line: “Just Do It.”
Who would want to support an Olympic athlete who would say “I’ll try to win a medal”?
You are deeply in debt. The only asset you have is yourself.
Your reputation and future success is based upon:
Your Word
Your Action -
Casey, you’ve inspired me…
you’ve inspired me to drink wheatgrass shot.
I’m loving it! -
Kid,
It looks like the only thing you take care of is this blog.
You’ll be gone soon.
It is without any pleasure I tell you this, it’s just a fact.
I do believe you need to be deprogrammed.
Google MK Ultra
I honestly only wish you the best, and those close to you. -
Loads O Money,
I once had a tenant tell me how they could stay for six months in my house without paying rent, then pay me in court and do it all over again.
I asked them to excuse me for a few moments, and came back twenty minutes later with a bottle of scotch. I explained that I had quit drinking in ‘83, (this was ‘87), but when they saw me with the bottle up to my mouth, they would be minutes from death. I promised that when the booze was gone, they would be too.
(I helped them move that night) (Still off the stuff, too) -
Hey Casey,
It’s been 3 hours, here’s what I did:
Downloaded a few new songs to my iTunes and updated my iPod
Read most of the Sunday Washington Post (you should try reading a newspaper - when you read stories about 40 college students in Baghdad getting blown up by a suicide bomber you might start appreciating some of the opportunities you’ve had and squandered)
went grocery shopping
unpacked three boxes of books (notice it didn’t take me 3 weeks to do this)See how easy that is? YOU try it! Come on! Try it! It’s fun!
-
My antispam word was “itsallgood” LOL
chimpCasey, please wear AnnaNicole style clown makeup to the auction.
-
Let’s do a diary for Casey, since Casey is very “busy”=>lazy.
Day 1.
Sleep until 2pm, get jamba juice,sleep again until 7pm,
“try” to stay awake but fail, take a poop, back to sleep.Day 2.
“try” to do something but fail, oh well, “Sweeeeet”
Repeat Day 1 stepsDay 3…..etc
Repeat Day 1 the Day 2… go infinite loop.
Sweeet~~~
p.s. oh, casey forgot to “OPEN” mails….
oh Well, Sweeeeet…
-
Casey,
I just visited the photos for Larchmont, Burdett, and Modesto. I now know what your problem is.
You have no eye at all for real estate. Those are the ugliest houses I have ever seen. They’re basically caves with walls and ceilings. It’s not that they’re unfurnished, but rather that the yards are dumpy and tiny, and the structures look like they were thrown together in 2 days, with no effort made to make the aesthetically appealing. Why did you buy those?
If you do ever buy another house, you should have someone else pick it out.
-
Casey is educating Loads O Money about cap rate.
-
Holy smokes, Casey, you might want to consider moving to another provider, like Internap. They provide a 100% guaranteed uptime in their SLA. The current crew is not getting it done.
-
Lender Nightmares continue —- the mass exodus
http://tinyurl.com/2bv8rp
The foreclosure rates are starting to impact the lenders, who as the real estate bubble bursts find themselves owners of property not worth the money they loaned on it. Investors are starting to pull the plug.Beware of politicians selling “bailout” plans funded by the taxpayers.
http://tinyurl.com/2bv8rp -
Reply to 102.
Casey, giving your tenant a one time $50 discount only asks the tenant to try bending the rules again. If they’ll discount me $50 this month maybe I’ll get $100 next time. The business relationship is: You give me money, I let you live in the building. If the other side is not holding up their end of the bargain you have to enforce it or it means nothing.
If I knew you had that opinion on rent, I would never hire you as a superintendent or property manager. A property owner has to be the bad guy. If you are protect your own interests (through force if necessary-ie legal proceedings, eviction and rent collection) then don’t be surprised if people trod all over you.
You so far have shown yourself unwilling to protect your own self interests (either in follow through, maintenance, renovations, squatters, etc). It is this lack of follow through that is really hurting you.In regards to Load of Money- Haven’t you realized he is yanking your chain to see if you’ll bite? And you keep biting, no matter what flavor property it is you bite. A couple of weeks ago it was a trailer park, this week it is a 96 unit apartment building, next week it will be a self contained urban complex complete with swimming pools and tennis courts and fully trained maintenance staff.
-
LMAO, your anti-spam words are cashback, juice, and sweet. I didn’t know delusional people could have a sense of humor.
Casey, you’ve been facing foreclosure since what, Sept. During this time what have you accomplished other than getting foreclosed on, getting more 3dumacation from gurus, getting foreclosed on, signing contracts you don’t understand, and signing promissory notes for the hell of it?
What do you do all day long? You don’t have a job.
Go get a job casey. I have two jobs and guess what, I AM NOT facing foreclosure. In fact, I am set to pay off my house in 4 years. I have a $100k positive net worth and I’m only 1 year older than you.
-
Regulators have shut down Mesa-based Eagle First Mortgage and its more than 75 Valley branches, citing illegal lending practices.The Arizona Department of Financial Institutions pulled the license of the mortgage firm and its broker, David Sanchez, last week.
A wave of mortgage fraud started spreading across the Valley last year that could cost lenders millions of dollars and erode values and confidence in Arizona’s real estate market and economy. Most of the fraud is coming from cash-back deals that involve obtaining a mortgage for more than a home is worth and pocketing the extra money. But there are other types of fraud such as faking and forging documents and lying about income and other personal information for loans.
It’s estimated there are as many as 18,000 unlicensed people taking mortgage applications, negotiating rates and getting loan commissions statewide. -
kasey your honest, and kool. u just made some mistakes. but atleast ur being honest about it and giving information. theres this real estate agent name robert mildner in coldwell banker in los angeles. and he is fuckinn gayy. he is in pre forclosre to but hes annoying and hangs up the phone like a little girl.
robert micheal mildner is gayy
-
Casey:
Didn’t you have a property in Texas?
The state legislature there is looking to pass a bill making mortgage fraud punishable with a 20 year prision sentence and $10,000 fine.
In Texas they aren’t waiting for the federal government to press charges. The local DAs, with the Texas Department of Insurance are investigating cases. You may want to have a criminal attorney in Texas on retainer just incase….
Here’s the link:
http://www.mysanantonio.com/bu.....13a4d.html -
You’re really going to video the foreclosure auctions? Casey, this is anything but amusing! When the final gavel goes down, that will tell the bank just how much THEY lost!
Sure, you lost your credit, and may be liable for some of it in the future, but the banks are taking the big hit. You should be full of remorse, but you don’t seem to care at all.
Banks have obligations to their shareholders (something you would learn in college). The trickle-down effect is far greater than you realize. Your actions will hurt many.
Taping these auctions for pleasure is truly grotesque. Shame on you!
-
Casey,
You need to stay focused on the tasks at hand. Pay attention the the important things and ignore all of these haters. -
Casey,
Have your tried anything with tracking that missing Utah payment or are you just keeping your options open in case something better comes up for you to spend your time on.Still waiting for your expenditures and cash-back on each property. Just a reminder .
-
#96 the plan did not work because he claims he spent (i.e wasted) all the money he got cash back. I do not think he is lying about this. Also, this has been going on more than 6 months - he could have rented these houses short term, & stashed more cash but he totally lacked the motivation to do so.
Security word “Juicy”!
-
Casey, why won’t you tell us about the sweet deals coming down the pike? Could it be because you KNOW we’ll tell you why and how it’s shady or just plain stupid? And then when you fall on your face you would have to say we told you so.
Really, do you think anyone here is learning a thing from you of all people pontificating about how to find, massage and juice deals? First off, it’s so vague we don’t even have a clue what you’re talking about and, secondly, all the juice you’ve ever gotten from your deals has tasted like this.
-
To the haters: I would bet on Casey eventually prospering over you lot. Many of you should go to a tattoo shop and have a big black negative mark tattooed on your foreheads. Much of what you post here clearly shows the caliber of your person. While this young man may have fallen, it will strengthen his character. You lot are the 90 point weakling in that department.
-
Casey,
Today is your big day!
Why don’t you see if you can buy your own properties (at a discount) at the foreclosure auctions, and get more cash back at closing? The first banks would get some of their money back, and you’d have money to pay off your unsecured creditors. A win-win! SWEET!
Regards,
CashCall Loan Servicing
-
If I may quote a line from a very funny movie, because it pertains greatly to your situation and your continued plans for a life free of working by making it big in real estate.
“You don’t know when to quit, do ya Griswold?… Here’s an idea: Why don’t you give me half the money your were gonna to bet, then we’ll go out back, I’ll kick you in the nuts, and we’ll call it a day! “
-
“I think your tenants need an incentive instead of punishment. How about for on time rent you will give them a $50 discount. I hear that works better than a $50 late fee.”
That’s not how it works in the real world. My mortgage company doesn’t give me a discount for paying my mortgage on the first (that’s when it’s due in case you didn’t know).
I bet you got allowance for making your bed when you were a kid?Your sense of entitlement is amazing.
-
this is why casey has so many haters. from casey we first get this:
“But this Larchmont house is pretty much a done deal at this point…
At least I tried…”
and then we get this:
“I use the word “try” because I like to give myself a way out in case something better comes up.”
these two statements combined show me as a reader that casey has little character.
the difference between me and casey is that i learned my lesson when i stole a toy watergun from a drug store at age 8 and casey is gonna learn his lesson by being bankrupt at 24.
-
Close your eyes and make a wish.
Your dreams can come true, force yourself
to forget reality now, you can do it.
Ignore all the naysayers, you are a suckess!
Failure is only a failure if you believe it’s so.Oh, and get a job.
-
Casey,
Wake up! You’re going to miss the foreclosure auctions!
Regards,
CashCall
-
It’s 9:30 AM on Monday!!!
High noon for Casey…
-
Have you considered getting a date book and noting down what you did for the day (relating to work). Who you called, what meetings you had, papers filed, calls you received, etc etc. Every item would get a new line, even if it is just a subject word (Larchmont, Montecello, New Corp, Cashcall, Wells Fargo)
I am not looking for a regular schedule. Just at the end of the day you would end up with a list of what you did. After that you could post them on a daily basis so people get a feel of what you do. These posts could be very short, 10-20 lines at most.
An example (I have made up the items but they may have a familiar ring):
Larchmont-Called realtor. Filed paperwork for shortsale.
Utah - Confirmed payments and finances are correct with bank and escrow. Complete and closed.
Cashcall - Received 2 calls. They are looking for a firm payment date.
New Corp - Spoke to Corporate Attorney. Need last five years of W2s for credit reasons.
Taxes- Spoke to CPA. This year owe 2500 to IRS. Was advised that for next financial year: if banks forgive difference of mortgage and foreclosure/shortsale, I could owe considerably more taxes.
Wells Fargo - Received 1 call. Looking for firm payment date.
Burdett Way- Visited site for afternoon. Stripped walls in bathroom and repainted.And that’s it. You know exactly what you did for that day. It you need more than one/two sentences to explain what is going on with that subject, it had better be very important. Keep it simple and focused.
-
The Casey law is being introduced to congress?
Instead of penalizing mortgage fraud perpetrators under general fraud laws, a pending bill would establish specific punishments for mortgage fraud, including imprisonment for up to 20 years and fines of up to $10,000 for knowingly making false statements.
The law would apply both to consumers applying for loans and to mortgage industry insiders who conspire to rip off borrowers.
Tightening up the mortgage industry can improve the landscape, with healthier neighborhoods, better credit histories and maybe even lower property taxes.
House Bill 716, sponsored by state Rep. Burt Solomons, R-Carrollton, is pending in the House Financial Institutions Committee, which he chairs. The bill flows from findings by a 2006 House committee study, which means lawmakers are driving this measure more than the industry.
What’s 20 yrs everyone is doing it?
-
You should have a bunch of house parties, at $5 a head you could have made a couple thousand each weekend selling cheap beer. I had a party at my beach house last sping break and made $1200. You could have invited the homeless guy to be the bouncer, then you could video tape it “Casey gone wild” have you run around and light cash on fire like you do in real life….
you could have become the pairs hilton of foreclosure parties.
wait second thought you should hire some one else you would screw it up?
-
Casey, have you considered any of these options to try;
Global Resource Network
David Lindahl
How to Awaken the Financial Genius Within You
Universal Business Strategies
How to Make $1,000,000 in Real Estate in Three Years Starting With No Cash
Larry Holder, Wealth Builders
Ron LeGrand
John Beck’s Free & Clear
Cash Flow Generator
Simple Man’s Guide to Real Estate
Make a Killing on Real Estate Foreclosures
Fortune 21Good Luck!
-
I use the word “try” because I like to give myself a way out in case something better comes up.
O.M.G.
Do you think that in the future, business partners will let you put “I’ll try to pay you back.” into contracts? Do you think that a lender is going to accept “I will try to make payments on time,” really?
Business is based around people doing what they said they would do, when they said they would do it! What if the banks had told you, “well, we’ll TRY to have the money available for close on that date,” and then came back to y ou with, “well, we got a better option for today, so maybe not.”
(okay, well, in that example, it probably would have wound up better for all concerned. But that’s unusual!)
If you keep your options open, if you’re always holding out for a better deal, you’ll wind up with nothing. Because there will *always* be the *possibility* of a better deal, and you’ll wind up doing nothing.
Wait, that’s what you already do! So at least it won’t actually cut down on your productivity.
-
By “meeting” I hope that you mean job interview.
So what is G’s exposure on this forclosure? You should add a ticker on the home page counting up all the money you’ve screwed your creditors out of.
-
Casey, hell, it’s been 20 minutes since your house was not sold at the trustee sale and returned to the bank. Where’s your post at? Why would you want one of your competitors blogs break the news on this? Update your blog. And do tell us what your fans had to say to you there at the courthouse.
-
Casey –
I applaud your courage in showing up at the foreclosure auction. Awesome! From the deals you’ve done in the past year, and the millions you’re facing, this is proof that you have what it takes to finally be a success.Even in the cashback deals where equity was a question, you stayed the course and tried to do the right thing. Staying on top of realtors, and doing your best for short sales. Don’t loose confidence: your winwin strategy will show success in the next years. Even when the haters make fun of jamba juice and sweet deals, I know that you’ll find success and equity when you correctly leverage future deals.
Leverage is the key, as you’ve found by the new corporate and corporation connections, and you can leverage millions with credit to show a short-term equity stake
Lessons? Itsallgood now that you’ve spent a hard year learning. Cashback is not the key to floating future juicy deals and success, and you know that.
Have you considered an equity for management in rental properties? My cousin does that with some of his deals in Oklahoma, and it’s worked out pretty sweet for him. He says it’s a sweet, can’t loose success way to get equity with no upfront costs, and an easy way to leverage that equity with even six months behind the deals.
I’m not a fan but I’m not a hater either. You’re doing the right thing. I look forward to your new deals, and your success. It will take years and deals, but you’ll be a success. Millions are on your way. Just stay the course. Courage, man. Its worked for me, and it will work for you!
-
Casey,
Don’t let the foreclosures get you down. Even trump loosed millions (no billions) of dollars by going after one too many sweet deals. Look at him today, he is an awesome success. For every potentially juicy deal, he failed forward on another one. Casey, please don’t let the haters get to you. There is plenty of sweet action out there for investors with the entrepreneurial skilz like you have to turn some cash back your way.
I’m working as the main equity partner in a very juicy multi family complex. I’m hoping for 100% LTV (max leverage of course) . Casey, this thing is winwinwin. The owner is looking to retire and he wants to get out. I just need someone with the passion to make this thing work. I’m the finance guy and I already have a property manager and maintenence lined up (well, once they sign here on the contract). I sincerely think you are the missing piece of the puzzle. Any one that can put up with all of the haters and folks that want to see you fail, well, you have the staying power that I’m looking for. Let’s do it Casey. I’m telling you, your cut of the cash flow will more than take care of all of your un secured debt. It’s all good property Casey. Fairly new and fat cash flow. You have my email address. I’ve emailed this to you also.
-
Wishful Thinker,
I’m in agreement on everything except:
> Their business address is one of those private mailboxes-by-the-month places. Those guys charge 5-10x what the Post Office does for a comparable PO Box. Why do people use them? Because they don’t want to have to talk to anyone who’s in the same building as a Postal Inspector.
I’d be very suspicious of anybody who ONLY offered a PMB as their contact. Personally I provide the PMB (as the preferred mailing address and the only address for packages) as well as my physical address, business license information and contact phone.
That said, if you’re a small business that doesn’t have somebody in the office full-time to receive packages, the private mailboxes are just about the only alternative left to you. A PO box is great if all you receive is USPS mail and in recent years FedEx. If you need to receive packages from all carriers (UPS, DHL, etc.), you either need a full-time staffed office with somebody to sign for things or a mailboxes place.
In my area, the private boxes are only about double a PO box of the same size. That varies around the country, I’m in the most expensive price zone for PO boxes and there’s a waiting list at several of the local post offices.
These days you can’t rent a private box without showing proof of your actual address (Federal reg). You also can’t use one to open a bank account, get a driver’s license, a pilot’s license, etc. (The FAA sent me a very polite letter informing me of that fact and asking me to supply them an actual residence address or face suspension in 30 days.)
-btc
-
Let me give you some words to live by Casey:
“You people have held me back long enough. I’m going to clown college!”
-
Hello Casey. I too amlike you and am the newly immigrant to this country. I have read your websight and am enjoying the informations that you provide on your sweet deals. I ca see that you are on fast track to success and you are the person who can use the leverage and the cashback to add juice to your sweet deals. Also, I am really liking the word “sweet” that you have shown to me! Sometimes I say it to my friends and then I also say “Its all good!” They laugh at me because i am the newly immigrant but it is all in the good fun.
I am listening to what you have to say because I want to make the sweet deals like you. I learn your mastakes and think that the only reason you loose the money is because you use too of much cashback leverage and not enough the equity, and this as why I will be differant. I can not wait to make my own win win “sweet” deals using the things I learn from your sight and also Robert Kiyosake sight. I have use your lessons and mastakes to make a very good business idea. Soon I will say to bank manager “let’s do it!” and he will say “sign here.” Then I will be rich and maybe i will start my own websight.
But I am not so much enjoying the comentery. The angry haters types are jealos of your deals, and they know that you someday will be thew success with millions dollar. This is why they can never be made happy. Maybe when some day we are both the rich, we will buy them the Jamba Juice to make them feel better? ha ha! Maybe when I make my first millions I will advertize on your sight, Casey.
By the way, I tryed my first Jamba Juice today. It was very good.
-
Casey:
Did you video the forclosure?
-
I’m wondering what the possibilities are for getting sued for damages by the mortgage company. I know Casey is liable but what are the odds that the mortgage companies would try to sue Casey for damages.
It would be really cool if detail and video could be posted on the auction.
I’m wondering why nobody has chimed in on this subject that has been through it before…
-
Hey dude,
did you get a JOB???
why not?? you have no good valid reason, not to have a JOB.
-
Hey KC!
2 forclosures in one day must be a world’s record. There has GOT to be some way you can cash in on that!
SWEET!
-
Listen, I wanna thank you guys from the bottom of my heart for letting this trollfest resume. It would have been extremely shortsighted of you all to pull up the bridge at this here critical juncture. Just keep doing what your’re doing. It’s perfect.
-
Hi Casey,
I hope that the auction was not too painful to watch. I hope that you you had enough cash to get a good strong shot of wheatgrass. Sorry about the current situation. I hope things turn around for you soon.
-
Casey, why is everyone getting a Sweet Deal except you?
-
Caseys house sold at auction today for 127K.
Three bids after starting out at 275 they lowered it to 250, 200, 175, 150, 125 and then a guy bid 125, then one did 126 then the guy countered with 127 and it was his.
-
So Casey my man,
What happened today? How did it go?
Sweet or not so sweet?
How ’bout a pod cast for your fans?
video?
awesome cleverage
shoeless in Seattle
Lost soul -
125. Robocasey
Robo is right, Casey gets off passively mocking
this audience.Look at his posts:
- My Rich Dad…
- Why should I go to jail…
- Fan mail…
- Video taping the foreclosure of his house like it’s some
goofy game-lesson.
- casey having someone take a picture of him front and
center Sucking a jamba juice with a crap eating smirk.he is playing off his massive fradualent incompetence,
stalling for time to steal as much as he possibly can before
he calls a restart/bankruptcy all the while laughing at and
thinking he is superior to Joe average. -
If I held stock in one of these companys that you can’t pay back and I was browsing this blog I would be so angry, your having a good time at these investors expense. If you didn’t take cash back for personal use I think people would have so much more sympathy for you, but you did. Can you tell us what you did with this money?
-
a proud member of the Countrywide Financial Corporation family of companies.” Proud, I’m sure, but I think this is where Countrywide dumps their bad loans. And Casey Serin has a good one with his Larmont Property in North Highlands. Casey is selling his Larchmont investment. He paid waaaay too much for it. The house is crap and the neighborhood is mariginal. I know because I used to live nearby and I can tell you that house is at max worth $150k. In 2003, the last sale before
-
Hey Casey:
A word of advice from a very smart business woman.
NEVER say TRY. It implies failure.
Say WILLHaving something on your “to do” list does not mean you attempted to accomplish and activity or meet a deadline.
People have lost jobs, business opportunities and other important relationships by language symantics.
-
Sweet, you’ve just reduced your debt.
-
What happened at the auctions? Was there a reserve that had to be met? Did the banks have bidders there?
-
Another one bites the dust
Another one bites the dust hey hey
Another one bites the dust heeeeeeeeeeeeeeeeeyyyyyHow many yet remain? Did you get good footage?
-
US mortgage crisis goes into meltdown:
http://tinyurl.com/3bpkdx -
How did things go?
-
Casey, since you’re on here tonight, please update us on what happened today. Thanks.
-
Bummer about the Muncy foreclosure getting postponed. I had a commercial deal all worked out for you:
Voiceover: Casey Serin, you lost two house to foreclosure today. What are you going to do now?
Casey: I’m going to Jamba Juice!
But, they were only interested if you could do 2 sales in one day. Better luck next time.
Anyways, what’s happening with the $50K note on Larchmont? Did you ever find out if Countrywide expects you to pay it?
Oh, in case you haven’t opened your mail recently, the Notice of Sale for Burdette was recorded Feb 22. I’m guessing the sale date is going to be about March 8. Mebbe you could swing by the house sometime and see what the notice pasted to the door says and let us know?
-
According to my step-father, a criminal was merely the person stupid enough to get caught. That gives a person all sorts of ways to question his character but since he’s no longer of terrestrial interest his character is not in question. Yours, on the other hand, is definitely under scrutiny.
If his statement is true, something that can lead to the generalization ‘all criminals are stupid,’ what does that make you? I’m assuming that even the stupidest of criminals isn’t going to knowingly provide the authorities with the information needed to both locate him and prosecute him.
You hurt my head. My son, who is 25 years old and the father of a daughter he adores, who was steadily employed and working towards a degree in criminal justice, just got done throwing all this up in the air to enlist in the Army. He just went to basic training a week ago. God knows where the next four years will take him, but wherever they take him he will be doing his small part to ensure that you are able to continue along your delusional and irresponsible way. My boy has your back now, you twit. He’s just signed away four years of his life, and whatever it is that he wants to do will need to wait until he is nearly 30. What are you doing? While he and thousands like him volunteer to step up for your scrawny behind, what are you doing? Besides making me sick, I mean.
Get a job and shut up. Hell, just shut up and I’d be happy.
-
G and Dopey were holding hands at the foreclosure. Another example of a SWEET moment!
-
Try not. Do… or do not. There is no try.
-yoda
-
Casey I think you need to stay the course. Everything is going to work out in your favor and then you’ll be having jamba juice rewards while the rest of the 9-5 haters shuffle back and forth to their jobs. Hang in there casey!!!
-
[IMG crater.jpg] A street in Murietta CA has 5 flipped houses going down the tubes. Meanwhile the Alfred E. Newman of flipping is losing another house. The currently imploding real estate market in formerly hot markets isn’t just producing pain for the flippers. Lots of people depend on real estate for their jobs. Builders, banks, electricians, plumbers, appraisers, inspectors, real estate
-
t Be a Dick. Do Some Sweet Deals. Timeline of Life, Houses and Foreclosure CashCall is Calling my Friends Get Foreclosure Help by Drinking Fresh Juice My First Trustee Sale / Foreclosure Auction Results Foreclosure Auction On Monday I am Facing Foreclosure Fan Mail Attorneys Say Corporate Credit is OK, Need a Plan Why Should I Go To Jail For Mortgage Fraud? Casey Serin Satire - Pictures and Song New Mexico Foreclosure Rescheduled, More Time For Short Sale
No comments:
Post a Comment