I heard this much snow in Albuquerque is pretty rare. Photo courtesy of dgan (original).
I found out that all the government buildings were closed today in the Albuquerque area because of a big snow storm. That means my property didn’t go to foreclosure sale today. That I might have some extra time to submit the short sale package.
I called the bank today and told them about the situation and they agreed to take a look at my offer. I’m trying to fax the offer in today but I need to put together a net sheet. Trying to get a hold of my Realtor so I can find out about all the costs involved with the transaction for the net sheet (I may have to estimate if I don’t hear back from him soon). Not sure how long the auction will be delayed for but it’s worth a shot.
I got the offer today for my redemption rights, notarized it and put back in the mail. Took the $250 check and deposited it right away. Yeah, I should have probably negotiated for more upfront, but hey I’m happy to even get this money.
I used part of the money to buy my wife a Valentine’s gift, a sweet card and three red roses. She loved it so much that she said it made up for not giving her a gift for her birthday a month ago. (She has been holding a grudge this whole time… Hey, I didn’t have money, OK? I know I know… Bad excuse… I could have done something for her. I’m not so good with occasions and things. But today I made a come-back. So it’s all good.)
But while I was out picking up my mail in Roseville and running errands I had to stop by one of my favorite places and put those Christmas gift cards to use. My first visit to Jamba Juice this year:
The only thing I really like in there is Carrot-Orange-Banana juice combination and of course a nice strong 2oz. shot of wheatgrass. Carrot, Orange and Wheatgrass are the only freshly squeezed juices they have. Everything else has been frozen.
149 Comments
February 14th, 2007 at 5:00 pm
LOL
This post is one of the funniest!
Happy Valentine’s day, Casey.
February 14th, 2007 at 5:01 pm
Why didn’t you use the money to pay back 25000 of the millions of dirty pennies you defrauded the lenders of?
February 14th, 2007 at 5:10 pm
This post made me laugh out loud.
The constant mistakes and examples of poor judgment make Casey look like quite the rube. But you have to hand it to the guy; he’s resilient.
Although I still think your story will end in tears, I must say, “Cheers, Casey. I hope you enjoyed your juice.”
February 14th, 2007 at 5:11 pm
Some extra juicy details for those who bother to read the comments:
I saw my CPA this morning while I was in Roseville. Had a few things to run by him and gave him the beginning of my paperwork to get started on. I still need to finish organizing all the receipts/expenses for 2006. Doesn’t look like I will be paying much on taxes for last year because I pretty much lived on borrowed money.
I did have a very small gain on the Sonora Ave sale (Albuquerque, NM) and the Utah wrap. There is also the first Sacramento property (Calla Way) where I had a gain of $30K, (not much of a gain because I bought Burdett property simultaneously and I kinda payed too much for Burdett).
However, after all the business/property expenses the small gains are not going to matter much. And since I prepaid some taxes last year I may even get a refund. We’ll see after I get the rest of the paperwork in.
Also, asked him about getting corporate lines of credit and giving myself a loan from the corporation so I can refinance my personal debt at a much lower APR (most of those personal accounts where used for business expenses).
He didn’t see any problems with it. I am going to schedule an appointment with a corporate attorney next week to get a second opinion on this.
Who knows, I might find a way to pay back/settle all those dirty pennies after all and/or have seed capital for future deals.
February 14th, 2007 at 5:16 pm
Somebody please get me a picture of the snow in Albuquerque so I can finish the images on this post.
February 14th, 2007 at 5:22 pm
That is what I call payday spending.
February 14th, 2007 at 5:25 pm
Flickr has quite a few pictures of the recent snow in Albuquerque.
http://www.flickr.com/search/?.....&s=rec
February 14th, 2007 at 5:27 pm
What do you do all day? You don’t even have your tax stuff together yet?
I am so glad you spent the money so well. Good job Casey. I know if I was one of the people (you know your friends and relatives) that loaned you money, I would be thrilled.
Why don’t you think about converting those gift cards to cash. Maybe that would cover some living expenses so you can hold off on work while you look for “sweet” deals. .
February 14th, 2007 at 5:28 pm
I probably should find out to which date the auction is going to be rescheduled to (and verify that indeed the action was postponed, I just heard all the government buildings were closed, so I kind of assumed).
Anybody have connections at the Sandoval County offices?
February 14th, 2007 at 5:29 pm
What do you do all day? You don’t even have your tax stuff together yet?
I am so glad you spent the money so well. Good job Casey. I know if I was one of the people (you know your friends and relatives) that loaned you money, I would be thrilled.
Why don’t you think about converting those gift cards to cash. Maybe that would cover some living expenses so you can hold off on work while you look for “sweet” deals.
PS - CPA’s really like it when you trickle the paperwork in. It helps increase the billable hours.
February 14th, 2007 at 5:29 pm
Dear Casey,
Thank you so much for the flowers, card, and gift. I always know that I can count on you to remember special occations….oh, wait you forgot my birthday, never mind. But I can definately count on you to give me financial security and stability…..oh, wait, you ruined my credit and now I am losing sleep at night waiting for the feds to show up. Well at least I know we will spend a lovely evening together for Valentine’s Day, oh, wait, I had to write you on your blog to get your attention.
Sigh,
Happy Valentine’s Day
Honey
February 14th, 2007 at 5:30 pm
Tibetan Monk not know what ‘redemption right’ mean.
However, when stranger send check out of blue to desperate boy, stranger must think he getting good deal.
If something smell fishy, something be fishy.
February 14th, 2007 at 5:30 pm
Congrats on your most productive day all year. And, word to the wise - either the lens on your camera is smudged, or you missed a spot while shaving this morning.
Happy Valentine’s Day!
February 14th, 2007 at 5:34 pm
Hey, did your CPA inform you of the Earned Income Tax Credit?
February 14th, 2007 at 5:34 pm
Of course you just assumed the auction was cancelled/postponed. At this point, does it really matter? You are so far gone, living in your own fantasy world with very little contact with the rest of us call “reality” that it doesn’t matter. As you say - it’s all good. If the sale was cancelled, it will happen next week on sale day (still too little time to try for a short sale). If not, the house is gone and you can’t do anything about it anyway.
But, hey, at least you got Jamba Juice!
February 14th, 2007 at 5:34 pm
Tibetan Monk respect all life force.
Not like to see anything suffer.
Make exception for Casey.
February 14th, 2007 at 5:38 pm
Sandoval County Clerk - (505)867-7572
No one answers at the moment since they are an hour ahead.
Try tomorrow.
February 14th, 2007 at 5:39 pm
It’s because they have been fraked by the system and they can’t stand the thought that Casey will get to send one up the system’s ars and then get FILTHY RICH!
For all of you slaves and haters out there: you will rot in the prison that you built for yourselfs. Keep up the good work!
xxx
February 14th, 2007 at 5:50 pm
Does your accountant realize that you can only deduct expenses PAID not expenses billed?
The mere fact he’s doing business with you is a sign the world would probably benefit from him losing his certification.
Thank GOD you’re too young for EIC.
February 14th, 2007 at 5:50 pm
@ John Galt:
Yes, I thoroughly agree.
February 14th, 2007 at 5:51 pm
There’s this thing in the tax code called depreciation see. The convention is 80% of the FMV goes to the house which is then depreciated over 27.5 years. Since you had 2.2 million in mortgages which were 100% financed take 80% of the 2.2 million and dvide by 27.5. That’s 64K in depreciation boy! That’s deductible before any loss you may have had .
No.
Mortgage != value
Mortgage != basis
Mortgage != price
And besides, depreciation is something those who own investment homes actually enjoy doing. It’s “a good thing.” It reduces our taxes every year we do it.
Flip side? It all gets recaptured in the end when you sell. So if you hold a house for 27.5 years, it doesn’t matter what you paid or what your mortgage was. To the IRS, you actually paid $0.
But I kinda doubt Casey had the chance to do any “sweet depreciating.” At least not yet anyway.
February 14th, 2007 at 5:59 pm
@22 - Amen…some pretty mean spirited folks here. Who really gives a crap about what Casey does or did? Corruption and lying is the norm now in the USA.
February 14th, 2007 at 5:59 pm
Lonely_girl15
The earned income credit requires earnings and income neither of which Casey has.
Casey:
A Valentines Day fundraiser for you. A vasectomy auction. How many of these posters would pony up to make sure you don’t procreate and just how much would they pay?
February 14th, 2007 at 6:02 pm
corporate credit then lend yourself money?
you really deserve to go to jail,
February 14th, 2007 at 6:06 pm
Yeah, we really hate to see someone who’s a Christian swindle their way to the top!
February 14th, 2007 at 6:08 pm
@21. John Galt
Yeah that’s one theory, just as plausible as the next. I read this blog update and said out loud (for the 10th time in the 30 days I’ve been reading this chronicle of disaster), “This is a hoax.”
When Slashdot ran a story about fake blogs, I submitted Casey Serin.
If he’s not a con man, he’s getting ripped off in a legendary way by his CPA. As others have noted, no form of life more complicated than a boney fish would extend a line of credit to Casey -or his corporation-. (Sharks are not boney fish.) However, his CPA would be delighted to let Casey believe this will work and then bill him a couple dozen hours to work on it.
Casey bought $52 roadside assistance because it showed up in his mailbox. That’s not a punchline. That’s what happened.
From the first day he spent a penny on the RE investment scams, right up through TODAY, he’s been ripped off at EVERY step. He sold his redemption rights for $250. That’s not a punchline.
If I ran a cash register at Jamba Juice and saw this guy coming, I’d short his change by a couple of bucks. It will work. When he says, “Hey, this isn’t right! You owe me another $4!” I would say, “No.” Final result: I would keep the $4 and Casey would be ripped off again.
Ripped off EVERY. STEP. OF. THE. WAY.
Nobody is a sucker like Casey Serin is a sucker. Casey is superlative and incredible in the classic sense. He’s not credible.
Reading a blog update like this just reinforces my suspicion. He’s not for real. Maybe he’s a con man. Maybe he’s a creative writer or method actor doing this to “live the life” before writing his story. Heck if I know. I do strongly suspect that Casey Serin’s story is not 100% legit.
February 14th, 2007 at 6:11 pm
Do you know that wheatgrass is another scam you’ve bought into?
February 14th, 2007 at 6:14 pm
22. Why people hate Casey?
Haha. Right! Let’s see him get rich then.
Anyway, most people would be drinking themselves stupid by now. I think Casey is showing some moderation. I don’t think a Jamba Juice is going to modify the scenario here. 100 of them wouldn’t, although Casey would have trouble paying for them.
It wasn’t a dumb move or a smart move or a bold move or a weak move. Purchasing a cheap product is a non-move. Yum. Good picture. Smells Like Troll Spirit, though.
February 14th, 2007 at 6:19 pm
Hmm, I wonder if I could add four zeroes to that check without the bank noticing … then I could be debt-free!
Sweet!
Word, Dog! I’ll try that tonight…
February 14th, 2007 at 6:20 pm
@27. JimDandy: hey that auction is not a bad idea. I’ve thought about doing it before.
February 14th, 2007 at 6:25 pm
Let’s see…then I can parlay that 2.5 mill into seed money for my apartment venture using corporate credit “app-or-ama” like I read on the Credit Boards forum!
February 14th, 2007 at 6:27 pm
Hey Casey,
Did you buy into the beany baby fad to make tons of money too!?! HAHA
February 14th, 2007 at 6:35 pm
Nice handbag you got there Casey, it really brings out the gay in your haircut.
February 14th, 2007 at 6:47 pm
“It’s because they have been fraked by the system and they can’t stand the thought that Casey will get to send one up the system’s ars and then get FILTHY RICH!
For all of you slaves and haters out there: you will rot in the prison that you built for yourselfs. Keep up the good work!”
Wow! Give Casey a pat on the back will you! I’m sure Bernie Ebbers, Jeff Skilling and Ken Lay had their cheerleading section too!
After all, Hitler wasn’t a bad guy to his Brownshirts, either!
February 14th, 2007 at 6:52 pm
Now if it snowed constantly for the next 3 years, maybe housing will go up and you’d actually make some money on these properties!!
Grab another Jamba, we have a plan!
February 14th, 2007 at 7:09 pm
I like the transition from Blue Casey (with his blue ball, blue shirt, etc.) to Red Casey. Sweet photography.
February 14th, 2007 at 7:15 pm
So you want to take out a corporate credit line to pay off existing debt? This is ostensibly so you can get a lower interest rate? Before you do this, check the fine print and find out what the options are on the corporate credit line if you start missing payments.
Plus if anybody runs a crdit back ground on you right now, it is going to show that you have how many credit cards or credit lines that are 5-6 months past due? Plus how may houses that are in foreclosure, being foreclosed on, or have been foreclosed? If I was a lender, I would escort you to the door, wish you a nice day, and make sure you don’t come back to my office.
February 14th, 2007 at 7:29 pm
Hey Kid;
Before we get down to brass tacks, I want to tell you this is NOT a “The FBI is gonna getcha!” post, okay?
Fact is, if you’re getting the IRS and the DoJ incoming on your sitemeter, then the “Eye of Sauron” is already on you, my little leveraged hobbit.
And because of your nationality, along with your own postings, the “Eye” will probably STAY on you.
Something one of your other commenters posted a few threads back caught MY eye:
“Jackson won’t divulge who her partners are. But the St. Petersburg Times found connections with William Ondra Joel II, a Tampa real estate investor who has been arrested seven times on drug charges. He served four months of a one-year sentence in a Georgia boot camp in 2002 for possession of cocaine. He has purchased properties in Polk, Pasco and Hillsborough counties since being released.
Joel is a protege of Kenny Rushing, 32, who promotes himself on Tampa TV commercials, billboards and bus benches as Captain Save-a-House and pitches a message of empowerment through real estate flipping. After serving seven years in federal prison for cocaine dealing, Rushing has seen his companies rack up dozens of property sales, a success advertised in his House Hustling magazine.”
Do you smell “trouble”, little hobbit tycoon?
I smell “trouble”.
Dope is trouble…and so is money-laundering for dope barons turned mortgage brokers, see?
You’re from Uzbekistan originally, huh?
Lotsa heroin moving through there now, I imagine.
The Taliban, for all their faults, had a DEA like nobody’s business, and the Northern Alliance,(remember THEM?) needed SOME way to buy their guns.
Things not looking too good for you there, ace.
I know, I know…you’re not “into” dope.
And good for you,Jamba Juice Wheatgrass junkie, good for you!
But you ARE into “money”, that you come into by illegal methods, are you not?
So, cute little hobbit, are ANY of your friends and/or associates into dope?
And right about now, Casey-lad, I want you to imagine that I’m not loveable old “Sharky”, your friendly neighborhood loan arranger, but a different KIND of shark altogether…an ambitious young Federal law enforcement go-getter, who ain’t too happy about being posted to the dung-hole Sacramento Field Office.
We’re in a small windowless room, and I’ve got the entire dog’s breakfast of your real estate ventures spread out on the table between us…you’re well and truly NAILED, sonny.
You’re so far down in the hole, you’ll never again see the sky unless someone drops in a postcard.
The IRS boys are right on the next floor or two down, and they’d LOVE to sink their fangs into you.
You’re looking at some,(at your tender age), long time in prison, if the US Attorney pushes these prosecutions.
And with your looks, kid, and trusting ways,you won’t stay “fresh fish” for very long at all.
But if you play ball, maybe we can convince the US Att’y that you were just a patsy…a fall guy…a schmuck holding a bag.
If you can convince us that you REALLY want to help us out.
So here’s where I lean back and pick up the paper and pencil,(which is for effect, since nearly all interviews are taped), and look right down into your soul:
“Name me some names, kid… who are your chums? Begin”.
Just in case you were under the impression that all the Feds
always “play by the rules” all the time, litle hobbit.
Just like you didn’t.
Tough world out here, little hobbit, you shoulda stayed in your happy little hole in the ground.
February 14th, 2007 at 7:35 pm
Casey,
Where are you living now Casey? How are you paying rent ?
Loads O Money
February 14th, 2007 at 7:37 pm
If the Dalai Lama were to come up to speed on Casey’s blog he’d be a Casey hater.
This guy has a knack for bringing out the schadenfreude in otherwise mild-mannered people.
February 14th, 2007 at 8:01 pm
In the words of Lex Luthor (played by Gene Hackman, referring to Otis, his bumbling idiot assistant):
“It’s amazing that brain can generate enough power to keep those legs moving.”
Somehow picturing Casey meandering into and out of the local Jamba Juice after cashing his little check reminded me of that scene.
Oddly, visting this blog also sometimes reminds me of how Gene Hackman as “Little Bill” dealt with “English Bob” in The Unforgiven. Think “bad-a** debt collectors”.
February 14th, 2007 at 8:08 pm
Folks…please…it’s “unfazed” not “unphased” …
February 14th, 2007 at 8:32 pm
Casey, are you wearing fingernail polish in that picture? I didn’t notice till I read 38. Hmm above. (Nice zing, by the way.)
As always,
Richer Than Casey
February 14th, 2007 at 8:36 pm
Hahahahahaha. GREAT shot of you with the JJ and the wraparounds and the cell phone stuck to your ear!
This picture beats you on the blue beach ball by a country mile.
You’re an idiot, but a funny, defiant idiot.
February 14th, 2007 at 8:53 pm
I forgot to ask……can you tell us where you’re getting the money for rent and food?
February 14th, 2007 at 8:53 pm
Casey,
I am not certain if you have already read this, but it might be prudent of you to do so:
http://www.scotsmanguide.com/default.asp?ID=1893
February 14th, 2007 at 9:01 pm
HAHAHA!!! The would-be mogul at work, racking up another $400 cell phone bill. Hey, at least the Jamba was on someone else’s tab this time. I didn’t know Jamba Juice was so bright that you have to wear shades inside. Or maybe it’s because Your Future’s So Bright, You Gotta Wear Shades?
February 14th, 2007 at 9:03 pm
Hey Casey,
A few years ago my team developed a way to reduce fossil fuel consumption in big-box retailers by 15%. We’ve had great success so far, but I’m thinking that our efforts are not being spent in the optimal area right now.
We’ve all been working on this for 20+ years. We all have degrees and lots of gray hair.
Would you recommend that we trash our efforts and start flipping real estate properties with the desire to get $5k a month in passive income?
TIA.
PS: You have no clue what the real America is all about.
February 14th, 2007 at 9:13 pm
#30, Richer than Casey, #24, T
I don’t think Casey is a con man in that he is making all this stuff up. Too many people have checked on the legal ownership of his properties, the foreclosure status, bank statements, etc.–it’s all true.
He is a con man in the sense that he is trying to succeed without working…trying to get something for nothing…
Part of it may be his own heritage. In Russia and Eastern Europe capitalism is still looked upon as something of a scam, where slick operators get ahead by hustling and outsmarting others. They don’t yet understand that wealth can actuallly be created, that value can be created, and that hard work is as much a part of it as intelligence.
But the great majority of this story is still the lad’s character, or lack thereof. 24 is young, but not so young that one can’t be held responsible for one’s actions.
Can you, dear reader, imagine signing that goofy 50k note… trying to get a corporate line of credit when you are insolvent and have a negative net worth…signing that silly contract with the NLL ladies, then reneging…gaining and losing almost immediately all the sponsors and contracts…
It is not because of innocence, but because he keeps trying to get something for nothing. As soon as any business associate finds out what he is up to, they run for the hills…Notice how, when the chips are down, he shades his words, and restates previous promises…
He is a con man—completely inept, stunningly delusional…but still a con man.
Tim from MB, are you still out there? You appear to have been following this longer than anyone.
February 14th, 2007 at 9:21 pm
Oh and p.s. — haven’t we all seen snow before? Do we really need pictures of a snow-dusted Albuquerque?
February 14th, 2007 at 9:21 pm
Glad you see the humor in things, finally:)
I’m entertained!
I have a garden shed in the back if you get evicted casey
February 14th, 2007 at 9:26 pm
Didn’t one of your California foreclosures get postponed by a month, last month? Isn’t that one coming right up? When? Do you even know?
February 14th, 2007 at 9:35 pm
Here’s one way to deal with your problems, thought of by someone from your old “neighborhood”.
http://www.cnn.com/2007/US/02/.....index.html
February 14th, 2007 at 9:43 pm
Let’s clear one thing up: Casey is not going to get a $60,000+ W2 job.
What kind of $60,000 job can he get? He is not a software developer or engineer. He has a good understanding of website design. That’s fine for contract jobs, and he may be able to get some of those, but there is zero chance of him landing a job, with any company of any size, with his gaps in work history and inability to survive the now-standard background and credit check, in either an IT department or at a software company.
Also, keep in mind that he’s in Sacramento, not Silicon Valley. The labor market isn’t quite as tight, and certainly not desperate enough so that a hiring manager is going to wave a background check and overlook his weak resume just to fill headcount.
I think he should get a job. But some people here, who are reasoning that he can pull down $100K+ by working 2 jobs, are very mistaken.
He can get contract work. That’s it.
Quite frankly, my suggestion is for Casey to go off the grid.
February 14th, 2007 at 9:48 pm
Casey,
How’s the job hunt going?
Did you check out MorganStanley.com, Citigroup.com, WellsFargo.com and the others like I suggested? Started putting a resume together?
If you enjoy real-estate investing, I’m pretty sure that working as a programmer for a financial firm will be more fun than work.
Start applying now. You can be earning a $60K/year salary in two months, with the potential for a sizeable bonus that’ll probably hit after the Bankruptcy.
And STOP GOING TO JAMBA JUICE. Sell the gift card, buy yourself a blender if you must, and stop wasting money eating out. If you’re worried about showing good faith in the whole bankruptcy process, stop eating out.
February 14th, 2007 at 9:52 pm
“Wow! Give Casey a pat on the back will you! I’m sure Bernie Ebbers, Jeff Skilling and Ken Lay had their cheerleading section too!”
The difference between Casey and Skilling is that one is incompetent at worst while the other is essentially a scam artist.
February 14th, 2007 at 9:57 pm
Bob C. said:
“If the Dalai Lama were to come up to speed on Casey’s blog he’d be a Casey hater.”
My guess is that the Dali Lama would be excited to here how easy it is to get free money in the US from Casey and would leave to help the poor in India with $1 million from cash back flips and $1 million from a corporate line of credit…
P.S. I wonder if the Dali Lama likes Jamba Juice?
February 14th, 2007 at 10:00 pm
@JLIN
I agree with you, this is too funny. I had to read this post twice to believe it. What happened to saving any new money? Or actually trying to pay down debts, even if it’s a dollar? Happy Valentine’s Day!
February 14th, 2007 at 10:27 pm
“Fact is, if you’re getting the IRS and the DoJ incoming on your sitemeter, then the “Eye of Sauron” is already on you, my little leveraged hobbit.”
That’s a great line. In Casey’s case there is no Gandalf, no Aragon, no magic ghost army to come and save him. He is living in a fantasy world though.
February 14th, 2007 at 10:37 pm
I believe Casey is in on a scam. Where did all the money go? 8 house sales + $160K in credit cards all unaccounted for.
Seems like Casey was the fall guy for bumping up housing prices and then letting his credit go to s*** , but still getting his cut.
Why doesn’t he have a job whatsoever, is he selling drugs, or involved in a prostitution ring?
Remember this isn’t the first scam he has pulled. He even tried to get his high school buddy to donate 10K for a 24% return! This guys is nothing but scam!
He knows exactly what he is doing, but playing like he doesn’t know what the hell is going on. He’s sure to be investigated….I surely hope so!
February 14th, 2007 at 11:02 pm
Hey have you heard of this new drink called a “Green Casey”? What it is is 2 oz Everclear mixed in a blender with 2 oz pure Wheatgrass Juice. Just the thing to give one strength to go out and face foreclosure on a cold snowy morning.
February 15th, 2007 at 12:03 am
$250 for redemption rights *SOLD* for a valentines gift? *wonders will never cease* and more JAMBA JUICE? That really puts a perspective on things, avoid the wheatgrass (get some decent juice that tastes good (Shameless plug: Hint Hint)
February 15th, 2007 at 12:38 am
Who’s taking the pictures of you at jamba juice and sitting at your desk opening mail?
February 15th, 2007 at 2:05 am
Casey, you’re too much.
You owe me a keyboard because I spat all my water out when I read: “sweet card”…
Seriously man, you should do a silhouette of that 2nd picture and make t-shirts with the IamFacingForeclosure moniker.
“Getting saved one Jamba juice at a time…”
Sweet Jesus.
February 15th, 2007 at 2:35 am
Casey,
The only thing that was posponed was the auction not the foreclosure. The bank now owns the house in New Mexico. And since you just sold your redemption rights, you might as well draw a line through the new mexico house on your list.
February 15th, 2007 at 2:49 am
Hello from Guam, Casey. No snow here-took the family on a hoilday.
As said in the first posting. . . well done! What the hell
BTW-Have you ever thought of Buffalo NY? Lots of super cheap property on the East side. You could easily buy 100 units there. . . the average price per unit can be as low as $1000 per unit. Of course, the only thing passive in that area of Buffalo are tenants that you might find.
Anyway, happy Valentines Day.
“Why people hate Casey”-Is that a Rob BBB that I smell???
February 15th, 2007 at 3:01 am
Hello Dear Casey,
I will extend my offer yet again. If you can provide real proof on this blog that you have been tithing regularly over the past year(s), I will donate $25 to your church- TODAY.
My church just sent out our year end contribution summaries for tax purposes. You should have recieved one. Or maybe you could provide some copies of cashed checks or money orders? After all, you did say that you tithe.
I will keep writing this offer until you reply. Cheers Casey!
February 15th, 2007 at 4:16 am
@22
No those of us who are “prisoners in our cubes” hate people like Casey who lie and cheat their way through life because it is the rest of us that have to clean the mess up.
February 15th, 2007 at 5:11 am
I just started reading this blog a few days ago…
Wow…
It’s like watching a train wreck happen in slow motion. I’m torn between liking the kid and hoping he pulls it out because of his persistance and good attitude…and realizing that in reality how screwed he is and that he does not have much chance at pulling this off.
I keep thinking there has to be some other angle - looking for as movie deal, book deal, tv show, something. No one can blindly put the mess their life is up on the ‘net for the world to see without ‘wanting’ something more…
So what does this kid really want? What is his angle?
February 15th, 2007 at 5:17 am
Casey,
I used one of your pics for my latest post on Boulder area foreclosures. Thanks for making it available under your CC license.
Best,
Osman
February 15th, 2007 at 6:31 am
Casey,
Do you control your anti-spam words? I thought it would be cool if you put in your own and make all the haters type in words like, looser, sux, jamba juice, dirty penny, magical, my maker, Denny’s meal deal, etc. Just a thought.
I know this has been mentioned a few times but try to listen to this. I know you read these because you always respond to positive comments. In order for a corporation to get credit, they have to be a solid corp and most of the time have personal guarantees. You seem to think there is some mythical “aged” corporation out there that will allow you to get a line of credit. If you are truly talking to a competent CPA, s/he will tell you that. Following your logic, homeless Bob living in your driveway that is worth more than you could get a $100k line.
Awesome pictures at the juice store.
February 15th, 2007 at 6:44 am
You fessed up to buyign roses and a card - no biggie and if it saves the cost of a divorce, it’s worthwhile. But what’s in the bag??? You didn’t give her an empty bag did you?
February 15th, 2007 at 6:45 am
Hey Casey….way to go on getting some Jamba juice!!! Hoping you took my advice and put a good chunk of that windfall on a Jamba Juice gift card so when the lads from Cash Call come knocking you’ll still have some “liquid assets.”
February 15th, 2007 at 6:46 am
@qwerty jim
We all feel taht warm, fuzzy, lets-hope-the-naive-kid-pulls-out-of-it feelign at first. You’ll get over it really quickly. Just watch how little he does to rectify his situation and you too will be baying for blood.
February 15th, 2007 at 7:39 am
“Also, asked him about getting corporate lines of credit and giving myself a loan from the corporation so I can refinance my personal debt at a much lower APR (most of those personal accounts where used for business expenses).
He didn’t see any problems with it.”
5236. (a) A corporation shall not make any loan of money or property to or guarantee the obligation of any director or officer, unless approved by the Attorney General; provided, however, that a corporation may advance money to a director or officer of the corporation or of its parent or any subsidiary for expenses reasonably anticipated to be incurred in the performance of the duties of such officer or director, provided that in the absence of such advance, such director or officer would be entitled to be reimbursed for such expenses by such corporation, its parent, or any subsidiary.
(b) The provisions of subdivision (a) do not apply to the payment of premiums in whole or in part by a corporation on a life insurance policy on the life of a director or officer so long as repayment to the corporation of the amount paid by it is secured by the proceeds of the policy and its cash surrender value.
(c) The provisions of subdivision (a) do not apply to a loan of
money to or for the benefit of an officer in circumstances where the loan is necessary, in the judgment of the board, to provide financing for the purchase of the principal residence of the officer in order to secure the services or continued services of the officer and the loan is secured by real property located in the state.
Ahem.
February 15th, 2007 at 7:51 am
“however, once you set it up right, you can get instantly approved for a $50k line of credit w/o a personal guarantee! That means they won’t check your personal credit!”
I’ll call that wishful thinking. Name just 1 creditor who’ll extend an initial 50k LOC with no PG, even with a seasoned corp. I bet you can’t.
Also, I think you are confused over what a PG really is. In many if not most cases, personal credit will be checked whether there’s a PG or not.
I think you’ve been suckered by people in the biz of selling seasoned corporations, or perhaps the con-artist deadbeats from “cb”.
“I am in the credit repair business myself”
Does that mean you are a registered CRO or are you just cleaning up your own trashed credit? You do know it is very illegal to represent yourself as “credit repair” if you’re not a CRO?
February 15th, 2007 at 7:53 am
From the Holy Blogger Bible.
Bloggerdamus Chapter 7, Verse 9 thru 11
He who bloggeth, knowest thine blog will bringest haters…
He who trolleth, knowest thine troll will bringest haters…
He who hateth the haters, shall surely bringeth more haters
February 15th, 2007 at 7:54 am
Casey, how much of that $250 do you have left?
February 15th, 2007 at 8:09 am
Hey you,
When you are ready and have made the big-time, I’ll consider letting you in vest in my hedge fund.
Cheers,
V
February 15th, 2007 at 8:44 am
@BobC:
The Dalai Lama would not be a “hater”. That’s not his style. I’m not a follower of the Buddha and even I know that.
He would probably be very disappointed in Casey, and remind him that the pursuit of money is a false goal, and that all of our actions have a cost, whether in this lifetime or the next.
February 15th, 2007 at 9:00 am
“82. Dman
February 15th, 2007 at 4:16 am @22
No those of us who are “prisoners in our cubes” hate people like Casey who lie and cheat their way through life because it is the rest of us that have to clean the mess up.”
Agreed. And invariably, it is OUR money at stake. I think that is a concept that eludes many individuals like Casey. They assume mortgage lenders, banks, etc. are all nameless corporations and stiffing them for their dollars is somehow “ok”. But Casey needs to understand how the derivatives market functions. Those loans that Casey took (and is going to reneg on) are leveraged against money held in one bank or another. OUR MONEY CASEY. Individuals such as myself who are the “loosers” of society because we work for a living and contribute something tangible to the world.
And for the record, my company has offices, not cubes.
February 15th, 2007 at 9:10 am
#64 Mark - You’re kidding about K looking for a job at wellsfargo.com, right? I’m inclined to think that banks won’t hire someone who burned them for thousands last month.
So K, all the 250 was blown on magic beans already without a penny going to a creditor? I’ve asked this before and you’ve avoided it: If you were truly interested in paying back your creditors, why didn’t you make any attempt to keep any of the properies up? Even if the house is foreclosed, if it’s worth 10 ro 20 grand more at auction due to your sweat equity, don’t you feel a moral obligation to do that.
You’re supposedly a Christian, so ask yourself WWJD?
February 15th, 2007 at 9:30 am
that the foreclosure didn’t actually take place? It’s nice to assume the best (or the best of bad situations) but you should know by now it doesn’t get you very far.
Also, if you manage to Short Sell the NM house I’m assuming you’d walk away with nothing since it’s roughly $100K plus under water… At that point are you planning to refund the $250 “Good Faith Money” you got for your redemption rights? If there’s no foreclosure then there’s no redemption rights for you to sell. Being the honest and Christain person you claim to be, I would think refunding that money would be automatic.
What are your thoughts?
February 15th, 2007 at 10:02 am
Casey, regardless of people feel you should or shouldn’t spend your money, regardless of right or wrong, I have to say, you have a good sense of humor. Thanks for the smile today!
February 15th, 2007 at 10:15 am
Casey, I’m cool with your Jamba Juice habit. With all that fiber at least you’re ensuring the “liquidity crisis” remains confined to your properties and doesn’t spread to your rear end.
February 15th, 2007 at 10:26 am
Jamba Jammy Jam Jam…
So just wait around to see all the properties get foreclosed. Those banks are slow to foreclose on Casey. They are like Casey waiting for miracle that some how they get paid in full if they’d waited a little longer.
In the meantime, Casey cannot bk and can’t find a job. Because by having a job, he would have to have a payment plan. No job, then all debts are forgiven.
By keep saying he want to pay back every dirty penny on this website, Casey want to establish an alybi when it comes to defend himself on court. He would say he did not intensionally defraud banks, he just made some bad business decisions.
So don’t worry, Casey haven’t lost any money yet, it’s just the poor banks got killed by lending money to Casey.
It’s all good.
Sweeettt Jamba juice!
February 15th, 2007 at 10:31 am
http://www.realtor.org/rmodail.....2007021405
#83 qwerty jim…persistent is one thing Casey ain’t. Well maybe persistently making bad decisions regardless of the advice he gets otherwise. Or persistent in the pursuit of Wheatgrass shots. Or persistent in the use of the sweet word sweet. Or persistent in cracking us up but certainly not persistent in working. Or persistent in opening mail. Or persistent in doing jack to improve his homes. Or persistent in doing anything to pay things back other than give the idea lip service.
Absolutely optimistic.
I am back on the Casey must be a scammer/con-man side othings once again…
Casey,
Have you given an real thought to marketing t-shirts, action figures, reverse monopoly, bumperstickers etc? I’d consider. I’m also in on the vasectomy fund! How do we confirm its been done though?
February 15th, 2007 at 10:33 am
It never ceases to amaze me how so many of the posters here can fixate on minutiae (All this discussion over $250?? I spent that last night on champagne…who cares), while completely ignoring the big picture of Casey’s predicament. Who really gives a crap if he buys one Jamba Juice, or 1000? In the grand scheme of his financial collapse, its not going to make one iota of difference.
February 15th, 2007 at 10:46 am
Casey,
There is a difference between a CPA and a Lawyer.
You ask the CPA: If I move my money around like this, can you keep track of it for me and make sure I pay my raxes correctly?
You ask you Lawyer:If I move money around like this, is it legal and will I have to go to jail as a result?
Okay, with your corporate line of credit you have asked the CPA if he can keep track of the money. Yes, he can.
you haven’t asked the lawyer the legality of that action. I am guessing (I am not a lawyer and don’t play one on TV) that he is going to tell you that that action is not advisable since it mixes personal and corporate accounting. That is a no-no (I believe the technical term is Fraud or Embezzlement depending upon how the money is moved).
See comment #89 for the details on the law. Since you are talking to your lawyer about the advisibility of this, ask him what the penalties are for violating this particular law. Since you are talking many thousands of dollars, it will be a felony.
February 15th, 2007 at 10:59 am
Negative 2.2 million of it.
February 15th, 2007 at 11:18 am
No, no, the title should read: “Snow DELAYS foreclosure…”
I used to think it was impossible for someone to be as stubborn, naive and duplicitious without something mentally or physically wrong with them.
But you’ve proven me wrong! I think you actually believe the bs coming from your mouth.
Congratulations.
February 15th, 2007 at 11:27 am
Casey,
What’s going on with those s***** d-bags from NLL?
Lou
February 15th, 2007 at 12:10 pm
@ #97:
http://www.shapiroattorneys.co.....Report.pdf
I posted this link earlier. I now see that the Rio Rancho property has been dropped from the document. It was last updated at 5:46 yesterday evening.
I don’t *know* if that means that the sale actually went through - but properties are generally removed from this listing once sold.
YMMV.
February 15th, 2007 at 12:24 pm
You know, reading your blog is like reading a complete comedy of errors where the protagonist keeps doing really dumb things, over and over, and never correcting the mistake.
It’s kindof unbelievable … it’s like you never get it together. How about getting some sort of income? Or your full time job is taking care of your mess and living off of credit? Then you make a big deal about $250 while you’re bleeding hundreds upon hundreds of thousands?
Bottom line is just wondering how many other so-called aspiring ‘real estate investors’ are in this same boat.
February 15th, 2007 at 12:39 pm
Casey,
Do I have a money makin’ idea for you! Go down to Jamba Juice and see if you can talk them into giving you a couple hundred of those big white cups for free, or at least at their cost. Now get a black sharpie marker and start signing away. I would love to have an authentic Casey Serin autographed Jamba Juice cup. Make sure you put lots of sappy inspirational glurge on them. You could even personalize them….”Bob, keep it sweet and real! Your pal Casey” or “Fred, follow your dreams and you’ll never regret it, Sincerely Casey”.
You’ll have to figure out how much it will cost to package and mail these. I MIGHT go as high as two bucks, which includes postage, but I want a pristine first edition cup with an original personalized message, packaged in a sturdy cardboard box full of styrofoam shipping peanuts and a letter of authenticity. I will kick in an extra 75 cents if you can get homeless dude to sign the back (and don’t try and fake his signature, I’ll be able to tell).
These cups have the potential to be huge collectors items, kind of like all the Enron junk on ebay. They will really go up in value if you end up being the fall guy (like Ken Lay) for mortgage fraud and end up on 60 minutes doing an interview in a jumpsuit. tic-tic-tic-tic-tic….
The only real big sticking point I see to this sweet deal is having Jamba Juice go along with it. They might get wind of this and get nasty, legal wise, you know, “trademarked name” or some such nonsense. You could just try it, what are they gonna do? Sue you? I’m no lawyer here, but I believe once you own something with a trademark name on it (like a Nike shirt) that shirt is YOURS and you can sell it to whoever you want. So, worst case, you may end up just digging through their dumpsters and trash cans for empty “JJ” cups. Hey, on the other hand they might love the idea. Free advertising for them. Maybe they’ll make a special commemorative Casey Serin cup. You could be to Jamba Juice what that tub of goo Jared Fogel is to Subway. It’s win/win baby!!!
February 15th, 2007 at 1:04 pm
Hi Casey. I wouldn’t bother going back and deleting old posts that may incriminate you. Even if you shut down this entire blog, your posts have been archived in several different locations.
February 15th, 2007 at 1:22 pm
It’s obvious you love yourself too much Casey…In an unmanly kind of way!
Who in the hell takes a picture in Jamba Juice anyways?
Did you actually ask the cashier to do it for you with the glasses, cellphone and all?
“Can you please take my picture since I bought a $6 nasty drink with a shot of wheatgrass…cause you owe me you know!”. Snap!
“I look so pretty in these lights; I hope that you got my nail polish in there too, because you know how much that means to us metrosexuals! Toots!”
And what’s with the backpack? It’s not like you go to school or work or anything productive…so why you faking it? Is the the unopened mail that you will get around to when you feel the pressure to actually get something done?
It’s obvious you love yourself TOO much!
February 15th, 2007 at 1:31 pm
C’mon now, Casey,
A Jamba Juice run after you get a check in the mail?; after you suppose to use it to pay back every last cent you stole?
You sound like some major scam involving other people…keep buying and selling homes to one another, and splitting the profits. But you also decided to be the fall guy and screw your credit…but as long as you have thousands socked away who cares anyhow! Maybe that explains the $160K in credit card loans that you won’t account for now!
This isn’t the first time..after all you were trying to swindle your high school buddy for $10K at 24% payback!!!
I can see it now…
“Zoinks, Scraggy! It’s Mr. Casey, the Christian metrosexual!”
“And I would have gotten away with it if it wasn’t for you meddling kids!”
The Ghost machine strikes again!
February 15th, 2007 at 1:38 pm
that much snow is unheardof? one last chance casey, will you use it?
February 15th, 2007 at 2:08 pm
California has a law that companies MUST redeem gift cards for the cash equivalent with no fees. If anyone needed this law it would be you!
February 15th, 2007 at 2:12 pm
“I’D GIVE MY LEFT NUT TO GET OUT OF DEBT”
and now you can help me. Make a donation. When the balance hits $100k, I’ll get a vasectomy.
That my Casey, is a money making idea.
Jimmy D.
February 15th, 2007 at 2:48 pm
Re: #75. Did anyone look at his website? If not, take a look, and tell me that doesn’t sound like Casey! Or like something Casey would sign up for, if he had decent credit. “We’ll pay you money to ‘rent’ your credit cards to our clients with sh*tty credit!” They assure us on their website that even though we dunderheads with the good credit add their clients with bad credit AS AUTHORIZED USERS OF OUR CREDIT CARDS, they have systems in place to make sure we get paid, plus #75’s company will pay us a fee on top of that. I’m speechless, but have to admire the audacity of it.
February 15th, 2007 at 2:49 pm
Breaking story, even the lying Realtors admit that the housing market is imploding:
http://money.cnn.com/2007/02/1.....tm?cnn=yes
And predictably, the Realtors forecast that the “worst is over”. I say this is predictable because they are always forecasting this. I wonder what 2007Q1 is going to hold. Probably no good news. We will know in three short months!
February 15th, 2007 at 3:00 pm
@94. Sprezzatura
“The Dalai Lama would not be a “hater”. That’s not his style. I’m not a follower of the Buddha and even I know that.”
The Dalai Lama is not a hater now, but then he’s never met Casey. If he ever comes to really know him, he’ll make an exception in his case.
I’ll say it again, the guy has a way of drawing out spite and wrath in people like no one I’ve ever met.
February 15th, 2007 at 3:16 pm
Casey is not a moron, he just plays one on an internet blog.
What is strange is how Casey can’t seem to get anything right, can’t open his mail, can’t negotiate a Deed in Lieu on time, can’t get his properties fixed correctly, can’t use any common sense when it comes to signing contract, and can’t get his properties liquidated. Its all good, because according to Casey, he is failing forward.
What Casey can seem to do, and very well I might add, is to successfully set up 8 simultaneous loans on properties spread out across different states and with different lenders on most. Not only was he able to get the loans, but they were for 100% financing on most, with huge sums of illegal cash back at closing. The timing was very well executed in that the loans were spaced so close together that the other loans weren’t showing up when the subsequent lenders ran checks. Also there were no primary residences showing up on the checks, which is certainly needed when you claim primary residence on eight differernt properties.
Are we really to believe that Giligan engineered and built the boat that took them all on that fateful three hour tour, yet he managed to sabatoge every susequent island rescue. Of course not, which is why there is no reference to any competant qualities which Giligan held before (and after) being shipwrecked on the island.
With that in mind, how then does our Giligan manage to fail forward into 8 loans where most of us would have a hard time qualifying for even one loan.
hhmmmmmm..
February 15th, 2007 at 3:18 pm
I have a job and I’m not facing foreclosure on my mortgage. But I hate working for the man just to pay the man. Casey seems to have it all figured out. Casey…Have you considered running for President of the USA?
February 15th, 2007 at 3:28 pm
What’s with the picture of snow ? We have all seen snow. Show us something we haven’t seen, for example, a picture of you doing a hard days work.
February 15th, 2007 at 3:31 pm
Oh, and by “work”, I didn’t mean a picture of you bouncing on a blue ball, wearing a stupid hat and pretending to open mail.
I mean REAL work. Work for which you get paid so that you can contribute to your household and pay back some of the the dirty pennies you owe.
February 15th, 2007 at 3:44 pm
“#64 Mark - You’re kidding about K looking for a job at wellsfargo.com, right? I’m inclined to think that banks won’t hire someone who burned them for thousands last month.”
Perhaps he shouldn’t apply at Wells Fargo if he had serious credit issues with them (I don’t remember if that was one of his creditors or not). In any case, a lot of these banks securitize this debt into mortgage bonds and sell it off to hedge funds. Thus, they aren’t going to be as annoyed at Casey as you’d think.
If you can make a bank money and they’re pretty sure you’re not a scam artist, it’s tough not to get a job offer. It’s tough to turn a profit as a financial institution if you hold grudges. Many of the electricity traders at Enron are now making eight figures at various Wall Street I-Banks. If an Enron trader can get a job, so can Casey if he’s a somewhat competent programmer with some financial background.
February 15th, 2007 at 3:50 pm
Serin, you magnificent dope, you’ve somehow done it again!! Your “maker” must surely be on your side if he makes it snow down in New Mexico on the day of your foreclosure. I’m speechless…
Good luck with the shell corporation…
February 15th, 2007 at 3:56 pm
Casey.
Do you worry that someone might become so loatheful of you that you wind up assasinated?
February 15th, 2007 at 3:58 pm
Congratulations Casey, you are a true Don Quixote of housing. Keep chasing those housing windmills and make sure you give Sancho a shot of wheatgrass.
February 15th, 2007 at 4:15 pm
Casey! To make more money, one thing you haven’t considered is being a model. You could get paid $150 or more per shoot for catalog ads and print media. Check out craigslist or the Sacramento phone book for some model agencies and potential jobs. Forget about doing it full time, just get paid once or twice a month and use the extra money to keep living. Good luck with everything.
February 15th, 2007 at 4:29 pm
Ah, young love….
Ruined credit — the gift that just keeps on giving.
Have you pulled G’s credit rating lately? If you have, have you showed it to her?
February 15th, 2007 at 4:30 pm
Foreclosures rip neighborhoods:
http://tinyurl.com/yoyu4c
February 15th, 2007 at 4:47 pm
Hey Casey, I’m pulling for you big time. You’re a bit of an underdog and I like to watch. Better than some comic books.
Seriously bro, I wish you much success cause you got more heart than I and many of the commenters that chew you up.
Later
February 15th, 2007 at 8:07 pm
Reminder: Casey is 5-8! LOL!!!
Napoleon complex much, foreigner ??
February 15th, 2007 at 10:34 pm
You’re lucky you didn’t buy a house in Edmonton, Canada. A snow day like that wouldn’t stop a 6 year old form walking to school up here.
February 15th, 2007 at 10:49 pm
I read
February 15th, 2007 at 11:12 pm
@89. father_JACK: Thanks for the info on code 5236 about giving loans to yourself from corporation. It has been mentioned before on this blog and I will be checking with a corporate attorney to see how this applies to me and if there is any other way to accomplish the same thing and do it completely above board.
February 16th, 2007 at 1:09 am
I will be checking with a corporate attorney to see how this applies to me and if there is any other way to accomplish the same thing and do it completely above board.
There isn’t. Forget about it - you’re wasting (yet more of) your time.
Even if it was legal (which it absolutely categorically isn’t, as spelt out in some detail on another blog that you pretend doesn’t exist but which we all know you read avidly), how would it help? It just means taking out more massive loans to finance your existing massive loans.
And since you certainly wouldn’t retain limited liability given what you propose to do with the corporation’s funds, you’d be just as much personally liable for those debts as you would for all your others.
Like I said, a waste of time. Even thinking about it is a waste of time.
February 16th, 2007 at 10:03 am
Here is a website that discusses this topic briefly. Bear in mind that in the case of Wade Cook his corporation had the money to loan (from their profits). They diverted their profits from their corp. to the trust, which thy created soley for the purpose of borrowing from it. They avoided taxation by claimimng those profits as donations to charity (the charitable trust they created). In other words 100% tax fraud. In other words they didn’t need a loan they wanted to avoid paying taxes on their profits.
Where do you plan to get the money from to re-lend to yourself (rhetorical)? You are near bankruptcy.
For your own sake use common sense and focus on thinking through concepts and ideas that come into your head before you put yourself in harm’s way in the future.
If you have any true self-esteem you would not want to do anything knowingly to make your life harder than it is right now.
You don’t need a guru to tell you that mortgages are used to buy real estate and how many thousands of kinds of mortgages and real estate there are. You are certainly intelligent enough to understand:”buy low sell high”. When you get that concept focused in your busy brain and stick to it you will begin to see profit the same as your local grocer, furniture store, car dealer and any other business man.
February 17th, 2007 at 4:04 am
@112. Idea Man. . .
Great idea!
I’ll take one. Where do I send the $2???
Just sign mine “All the best to you, Dick”
Thanks!
Dick
February 18th, 2007 at 11:21 pm
Hey Casey I think you should pull one last scam. Your obviously a nice looking guy and a conman, so here it goes. Get a fake rolex that looks like its worth 50k, rent a ferrari or a Bentley for a week and go out and party in Hollywood every night, hook up with some rich actress like Paris Hilton or the Olsen Twins. Marry them and once they find out your a loser they will divorce you, you can take for a couple mil and pay off all your debts. Best peice of advice you gottn yet huh?
February 18th, 2007 at 11:47 pm
sad
March 15th, 2007 at 9:59 am
hey nice one. Do visit www.preenroller.com/abhi