December 27th, 2006 3:52 pm
Wells Fargo Stole $1000 From Me
… or that’s how it feels at least.
I woke up this morning later than planned but it’s OK because I woke up motivated for once ready to take on life and start organizing/reassessing my mess.
Then I login to my Wells Fargo personal checking account and see a debit of $1,099 pending. I don’t recognize the description so I call to see what is going on.
I find out that because my WF credit line is 83 days past due they made an “offset” from my personal account to catchup the credit line.
“You are allowed to do that?” I asked. They said yes according to the terms of the loan that I signed.
“But I need that money to live on! My landlord is going cash the check today and it will bounce now. Can’t we reverse the offset or appeal it somehow??” I asked. The rep checked with the supervisor and said they cannot reverse it.
That’s just great! I knew I should have closed the account to prevent autodrafts and stuff like this from draining the little money we had.
I know I don’t have much ground to complain since I owe WF over $65K $83,702.01 but can’t I have a little control over my own account? I need to pay rent and buy groceries before I can make loan payments.
I am very frustrated. Going down to the branch right now to close my account and take out any cash I have left. I am not going to let WF or anyone to just take out money as they please.
308 Comments
December 27th, 2006 at 4:02 pm
hey casey, no problem. I’m sure your adsense revenue should cover it.
December 27th, 2006 at 4:05 pm
how dare they steal that money!!!! they can’t do that. it’s illegal !!!!
these financial institutions are making tons of money already. they don’t need to take the little bit of seed money you have left. besides, they’ll ask the govt to bail them out in the future.
Casey, this really pisses me off. they can’t legally do this without proper notice.
December 27th, 2006 at 4:06 pm
1099
This is too coincidentally ironic not to comment on.
But you probably are now at the the point where all transactions need to be in cash, or paid with money orders bought with cash. Bank accounts will be subject to seizures and freezes.
I don’t wish this on anyone, but this is what happens when debt levels reach monstrous levels.
–Tim
December 27th, 2006 at 4:07 pm
Casey,
Do you realize you may not be able to open another account at a different bank because of CHEX systems?
December 27th, 2006 at 4:07 pm
Perhaps this is your payback. You basically stole money and now your dirty deed as boomeranged. Casey, you have plenty of money, you shouldn’t worry about this at all.
December 27th, 2006 at 4:09 pm
ummm casey. I think you will find that they may not let you close the account before settling the 65k you owe. I think you signed a loan agreement with them. Since they took over a grand to make up for back payments…if you attempt to close they may just apply your balance to what you owe them since they won’t be able to get it otherwise.
At any rate i doubt you can close the account. The condition of getting the loan from them was dependent on your checking account. At least it works that way at most places.
You had no business doing what you did b/c you don’t even know the basics of personal finance. You’re clueless!
December 27th, 2006 at 4:10 pm
just a side note thinking aloud.
Casey got into the IT at it’s peak.
Casey got into RE at it’s peak.
hmmmm
ok everybody, let’s all short Jamba Juice’s stock. it;s bound to crash now that Casey is buying it.
December 27th, 2006 at 4:13 pm
What “Stole”???
Casey you stole money from the bank $65K, and we only get $1K??
You stole our money!
December 27th, 2006 at 4:13 pm
LOL!!!!
You should write for sitcoms.
BTW, did you delete a blog post?
December 27th, 2006 at 4:14 pm
Dah
It’s called “sweeping.”
Which is why the sharp debtors don’t
keep deposits @ the same institution
they are in arrears with.
If you had filed for bankruptcy they might
have been prevented from doing this.
Besides, Casey, how many thousands of
dollars have you stolen from your creditors
and will never pay back?
Sure, they were as dumb as a rock for extending
you credit, and certainly deserve the loss, but
you still took the money, agreed to pay it
back, and have not kept your end of the
bargain.
I can hear the people at Wells Fargo,
“Casey stole $XXXXX from us !!”
Goes around
Comes around
December 27th, 2006 at 4:14 pm
Tough break.
This is probably a sign from God Casey. The walls seem to really be closing in on you. Get this bankruptcy thing underway so you can start 07 with a clean slate.
The way you are living isn’t a way to live.
December 27th, 2006 at 4:16 pm
tightening eh there Casey? Wait until you have absolutely no control over any of your finances. That should be happening oh in a month or so at most. You’re being squeezed. squeezed like the turd that you are!!
)
reap the whirlwind…it’s gonna be one heck of a tornado bud.
please, PLEASE keep blogging even when you are indicted, foreclosed on the rest of your properties and file BK.
December 27th, 2006 at 4:17 pm
The comment level on this will be over NINE THOUSAND.
December 27th, 2006 at 4:17 pm
HAHAHAHAHAHAHAHA!!!!! SUCKA!!!!! Well there is 109,900 dirty pennies less you don’t have to worry about paying back. Good to see that someone is getting paid from Casey the Leech. I wonder if your friend that loaned you $3000 really thinks that he’s gonna get his money back from you. HAHAHAHAHAHAHA!!!! SUCKA!!!! Come on and get him on this blog. I would like to know what he thinks about your situation.
December 27th, 2006 at 4:21 pm
I am not going to let WF or anyone to just take out money as they please.
But you are Casey. Hello? The debts are real. All of this is just the beginning. Being in debt means you lose control of “your” money. You thought the $1000 was yours, heck you were only 83 days in arrears.
Get used to it.
December 27th, 2006 at 4:27 pm
Hello? Wells Fargo isn’t “stealing” your money, they’re calling in their loan because you haven’t made the payments on your credit line. And yes, it’s all there in the loan documents.
Hey, it’s just business. I think WF stinks for many reasons, which is why I don’t bank with them anymore.
What you “feel” has diddly squat to do with reality.
They’re not going to give back “your” money. You’re insane.
I feel really, really sorry for you because this is just the beginning of a long and drawn out demise. I’d take that Border’s gift card and buy the following Nolo Press books:
“How to file for Divorce in California”
and
“The New Bankruptcy.”
www.nolo.com
December 27th, 2006 at 4:29 pm
Ah, just when I was about to give up on you, the comedy has returned! Keep ‘em coming kiddo, this post is a classic, right up there with your bank statement one.
December 27th, 2006 at 4:29 pm
hey everyone digg this story http://digg.com/offbeat_news/C.....ro_to_Some
December 27th, 2006 at 4:31 pm
Casey,
All your money in the bank will be freeze soon….
Take all money out and put into my account, you’ll be save..
Yes, I’ll save it for you in case ur in jail
December 27th, 2006 at 4:31 pm
Someone here told you months ago that you should open a new checking account at another bank……………maybe you should start following some of the advice you receive here.
Do I feel sorry for you ? Um, no. Not one little bit !
December 27th, 2006 at 4:36 pm
Before going to WF I stopped by here across the street at a Starbucks to get on the Hotspot. I just finished logging into to WF and downloading all the statements so that entering them into the accounting software will be easier. Too bad they only let me download the last 90 days of records. I guess I will have to dig up those paper statements and do a lot of manual data entry to complete the year..
Now I just got done downloading (I’m glad my laptop actually booted this time, my hard drive is about to crash and only works sometimes).
I’m about to go to WF and close my account, but before I do I figure why not post a screen shot…
…give me a sec.
December 27th, 2006 at 4:37 pm
Yes, Casey,
Put a screen shot of you in jail…
December 27th, 2006 at 4:38 pm
” triple T
December 27th, 2006 at 4:10 pm
just a side note thinking aloud.
Casey got into the IT at it’s peak.
Casey got into RE at it’s peak.”
You are 100% wright about this, Casey clearly just jumps into whatevers hot at the time. 1st IT and web stuff, 2nd RE, now blogging. The next big thing Casey will bw there
December 27th, 2006 at 4:38 pm
That’s just outrageous!! Imagine, Wells Fargo expecting you to repay your loan? What were they thinking? And when your rent check bounces, I bet there will be some overdraft fine also. Those rat b*st*rds!
I don’t suppose you’d want to share with us how much you spent on that RE Course you took last week? What with tuition, room, meals, and transportation I’m thinking it was easily $2,000. That money might sure come in handy now.
Okay, maybe you can somehow make lemonade out of this lemon. Maybe this will be the wakeup call that just about everyone who has been reading your blog has been hoping you’d finally have. Maybe you’ll start unloading your properties at a loss to stop the hemorrhaging. Maybe you’ll stop talking about seeing lawyers about declaring bankruptcy and HIRE one to actually FILE for bankruptcy for you. Maybe you’ll go out and get SOME kind of job just to get some money coming in for stuff like food, rent, gasoline, etc…
Those of us who come off as “haters” are mostly just incredibly frustrated at your unwillingness to face reality and DO something about it.
December 27th, 2006 at 4:39 pm
So you have frittered away $65,000 of their money and are upset that they have recovered $1,099 of it.
Sadly, you will probably find that Bankruptcy will actually resolve most of your problems straight away and the rest within 7 years or so. I am sad about this because you have so obviously not learned a single (worthwhile) lesson from this experience.
Just in case that is because you were not aware of those lessons, here are a few of them (in no particular order);
1. The point of retiring at 65 or so is to give you time to earn enough to allow you to live comfortably in retirement. The only way for most people to retire younger is for them to inherit from their parents. Most people would prefer to delay this as long as possible. It is basic math… how much are your annual living costs ? How long will it take you to obtain that amount of money ? That’s when you can retire.
2. Exchanging Time for Money is the most practical way for most people to obtain money. It’s easier and better paid than digging the money out of the ground (farming or mining) and few people have the financial resources to allow them to genuinely invest capital (which is what you claim to be trying to do). A few people get rich by inventing something wonderful, but they are very few and far between.
3. If your mentors were actually capable of doing what they claim, they would have retired and not be writing books, running seminars or promoting amazing wealth building opportunities. If it were as easy as they claim, everyone would be rich.
4. There is a word in the German language that has no real translation in English… Schadenfreude. That is the reason for the popularity of this blog.
5. See a doctor. You have a mental disease comparable to Compulsive Gambling (I blew through $30K in a year before I got help and I recognize the symptoms). The doctor may be able to prescribe something to help you. Even if they cannot, their testimony may help in the fraud trial. You should attend at least a few GA meetings and see if they help you understand yourself.
6. You have no follow-through. You start with something and then a shiny new idea comes into sight and you are drawn to it magnetically until the next new thing glitters in your peripheral vision. You are not unusual in that respect, but you seem to think that it is not a problem. It is. The best way to achieve anything is to start on it and work on it and finish it. As Mao said, “A journey of a 1,000 miles starts with a single step”, but he kinda expected the second step to be broadly in the same direction as the first one.
7. What goes up has to come down. In general, over any extended period of time property prices, stock prices, gold prices all rise along with inflation. The only thing that changes this is if dramatically more or less people want that item than in the past. The stock market has exceeded inflation because more people have retirement accounts invested in the stock market than in the past. They will drop for a prolonged period in the next 20 years as baby boomers retire and sell Stocks in favor of Bonds. Property prices in wonderful locations will always rise simply because of the limited space available, but normal houses will increase for a period and then fall as the neighborhood slumps and people move to the next burb. You do not understand the basic economics of the situation and think that you can “fix and flip” with no skills, no resources and no capital. A rising market will raise all the boats, but a decent entrepreneur would be able to make a profit in a down market also because they would be looking for the small, reliable wins rather than the big, spectacular ones that you crave.
December 27th, 2006 at 4:39 pm
How dare Wells Fargo take money that was owed them?
The nerve of them. I would take a toy gun along with you when you visit branch, to ensure that they show you a modicum of respect befitting someone of your stature.
December 27th, 2006 at 4:42 pm
We don;t use bank, we’re the bank, haaaa
A guru.
December 27th, 2006 at 4:45 pm
Casey,
pls change your name to “Robber Serin”
It’s much more like you
December 27th, 2006 at 4:45 pm
“I am not going to let WF or anyone to just take out money as they please.”
Man, if this post doesn’t generate 350+ posts, nothing will.
““You are allowed to do that?” I asked. They said yes according to the terms of the loan that I signed.”
I know you have never read a book or picked up a dictionary but maybe you should read what you’re signing.
Protect that stockpile of cash you’re sitting on and keep the great comments coming my man!
Have I told you today that I think you’re retarded?
Love ya, mean it.
December 27th, 2006 at 4:46 pm
It’s 4:36 pm and you’re going to upload some graphics before you go to the bank to close your account. What time do banks close on Wednesdays in Sacramento?
December 27th, 2006 at 4:47 pm
I have never posted before but read daily. As one of the families hurt by people like you, who make over $95000 and may still never afford a house, all I can say IS……………HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!
December 27th, 2006 at 4:47 pm
You really need to stop blogging. You are totally delusional and high on all the comments coming to your site. It’s the only thing you have going and sadly it’s not what you need going b/c it’s keeping you from seeing reality as you live in this online fantasy world. When you goto jail you will suffer extreme withdraw not to mention a sore mouth and very sore bunghole.
December 27th, 2006 at 4:51 pm
Hey TJH,
You have got to be kidding, right? Are you really that slow on the draw huckleberry? Crasey Nires - Casey Serin. The site is a joke intended to lure morons like you who don’t already spend enough time humiliating Casey, no matter how entertaining that may be. It absolutely boggles the mind how many dupes like you thought that site was the real thing.
And you think Casey is dumb . . .
December 27th, 2006 at 4:52 pm
Good luck Casey. Please keep us informed of what transpired down at your local branch of Wells Fargo.
And who are you paying rent to anyway? Hell, you’ve got a few thousand square feet of living space in Sacramento you could live in for free.
December 27th, 2006 at 4:53 pm
lol……
December 27th, 2006 at 5:00 pm
I’ll get the usual flak from the “haters” about how I am stating the obvious, but:
“I just finished logging into to WF and downloading all the statements so that entering them into the accounting software will be easier. Too bad they only let me download the last 90 days of records. I guess I will have to dig up those paper statements and do a lot of manual data entry to complete the year..”
You need to start with the Big Picture, the Rough Draft, before worrying about getting absolutely detailed monthly statements from Wells Fargo or anyone else.
After all, you know from a bunch of bills and statements:
– what you paid for each of your properties
(Hint: if you don’t already have a completely separate folder, a la Pendaflex or the equivalent, for each one, make them right now. Then put statements, bills, property tax items, etc. into these folders. Stick Post-It notes to the inner cover any time you think of something related to the property…the cost, maintenance charges, etc. Even if these are redundant, you can factor them out later.)
– what your monthly payments are (already in the summary on your blog…if the numbers need correcting, do so)
– major monthly expenses, estimated
– from there, the other rows and columns in a spreadsheet can be done in a “first pass” way
Thinking you need detailed Wells Fargo statements going back more than 90 days tells me that you’re focussing on the wrong things. These detailed statements may be needed in a detailed audit, but not in a “Big Picture” snapshot of where you are.
Remember, we have a pretty darned good idea of where you are just from the stated loan amounts, the likely current asking price of these properties, the past due amounts, and your stated credit card debt. To first order (a technical term meaning “rough estimate,” more or less), you need to get yourself this snapshot that we seem to have just by adding things up mentally. I don’t doubt that we are off by some tens of thousands of dollars, that we are missing details of your hotel and restaurant bills, but the “bottom line” (a term from balance sheets, actually) is that your debts are as several of us have stated, and not getting any better. This is what you need to have a one-page summary of, to show your lawyer and anyone else who may be trying to help you.
–Tim from Monterey Bay Area
December 27th, 2006 at 5:28 pm
First the Google money, now the credit line….I almost feel sorry for you.
December 27th, 2006 at 5:28 pm
good one…
December 27th, 2006 at 5:33 pm
and while you are there…turn yourself in
December 27th, 2006 at 5:35 pm
Casey, you’ve hit a new low.
One, you should have known Wells-Fargo would do this in your situation. This is common practice for all banks. Once again you failed to grasp the basic fundamentals of doing business.
Secondly, it’s ridiculous for you to cry theft. In the end I’m sure you’ll end up stealing many times more from them in the form of defaulted accounts.
Lastly, get used to these things happening. With any luck your creditors and tax collectors will be garnishing your accounts and wages for many years to come.
December 27th, 2006 at 5:35 pm
Uh oh, could this be the first drop of sweet reality before the whole thing starts pouring down?
December 27th, 2006 at 5:37 pm
Casey it looks like you have competition
http://foreclosureboy18.blogsp.....7438083161
December 27th, 2006 at 5:38 pm
Sorry guys, the laptop crashed and I didn’t have time to post screen shots. I didn’t want the bank to close on me.
I just walked out of WF. Success! Checking and savings closed. Cash in hand.
Now I am at another bank waiting to be seen by a banker to open an account. I don’t have any credit lines here so I should be OK.
December 27th, 2006 at 5:38 pm
re: “Casey, this really pisses me off. they can’t legally do this without proper notice.”
You and Casey need to read the fine print. It’s all there and it’s all legal. You were given notice when you opened the account.
December 27th, 2006 at 5:40 pm
But, but, but what about the cashcall draft? Are you sure your checking account is really closed?
December 27th, 2006 at 5:45 pm
re: “I don’t have any credit lines here so I should be OK.”
Most banks nowadays run a credit check even for checking, savings and mm accounts. In addition, almost all of them will run your info through Chex or Tele-Chek. If you get another account, consider yourself lucky.
December 27th, 2006 at 6:02 pm
This story is spinning out of control as Casey’s finances have already and his focus.
I am having some bazaar sense of fun reading this stuff but there is a person who is behind this and one who will be suffering for a long time to come. I’m not sure what it’s called when someone revels in the suffering of someone else…does anyone here have a name for it…
Casey…none of what you do now will really matter since there is nothing you can do do prevent what is about to happen. Smart to move any cash you have out of the banks…of course they’ll go after it. What were you thinking. But short of trivial actions the only thing that will happen is exactly what this website in named after…foreclosure. Maybe it’s best to foreclose on all property (not something you’ll be doing but will be done for you) and then go BK…other than that, what this has really become is a story about someone with a loaded gun who didn’t know it was pointed at his own head and pulled the trigger…maybe you did know it was loaded…a little Russian Roulette, perhaps?
All kidding aside, I do feel for you. Don’t like to see anyone suffer…or do I?
December 27th, 2006 at 6:04 pm
Casey, Forget putting your money in banks. I’m currently rereading “Papillion” and would suggest using a ‘plan’ instead of a bank. From the book, here’s the definition of ‘plan’…
“A metal cylinder for holding money which the convict carries in his lower intestine to safeguard it from frisking or theft. Probably from ‘plan’ as in ‘plan d’evasion,’ meaning plan of escape…”
December 27th, 2006 at 6:04 pm
Casey,
Hang in there brother… How about adding a link to your site where people can donate money to you to help you pay your bills. I for one would be happy to send some money your way. Your blog is very entertaining! I’m sure some people here would be happy to send you a few bucks for coffee or web hosting.
Noel
–
December 27th, 2006 at 6:08 pm
What money? What are you talking about? Savings? Huh? 83 days in arrears and you have a savings account? Please get help, the ground approaches and then this entertaining blog will go away….
December 27th, 2006 at 6:09 pm
Casey,
You mentioned that you are more motivated to take action. What is your plan moving forward? Do you have any leads? You need to come up with a feasible plan and execute. Otherwise, you should consider starting over and declaring bankruptcy.
Regards,
FT
http://www.MillionDollarJourney.com
December 27th, 2006 at 6:13 pm
* Sharp as a blunt knife: the word is schadenfreude.
December 27th, 2006 at 6:18 pm
Casey, it’s “catch up,” not “catchup.” Every time you write “catchup” I think of that red stuff made from tomatoes and vinegar and sugar.
December 27th, 2006 at 6:18 pm
Noel, there already is a link for people to send Casey money. Look for the “tip jar”.
December 27th, 2006 at 6:25 pm
“Before going to WF I stopped by here across the street at a Starbucks to get on the Hotspot.”
While you were at Starbucks surfing the web, I was at work. Please get an honest, straightforward job, Casey. It doesn’t matter what it is at this point.
December 27th, 2006 at 6:27 pm
Home Depot is hiring!
December 27th, 2006 at 6:31 pm
You’re lucky they only took out a grand.
Imagine if you had $5k in there and were just about to make a Sweet Deal and they decided to take that.
December 27th, 2006 at 6:33 pm
Ok, I just spent 3 days catching up with this site and spent an unbelivable amount of time on it. I still can’t figure out if its real or not. But if it is, Casey has to be the singularly worst business-minded person I’ve ever heard of. How do you immediately blow money on a car when you come into money like that. I’m mean thats just the first thing that comes to mind. I’m completely speechless. I just bought my first house. A starter for $145 and I’m just looking at it as a big savings account. I’m not expecting to make any money quickly. I just get to live for free (I will eventually get most of my money back hopefully). This is just unbelievable; there is no way. He has to be just inciting with some of his posts. Anyway, found the link on msn and I’m hooked now. I’m gonna finish it one way or another.
December 27th, 2006 at 6:42 pm
* Noel - note the Tip Jar on main page. If you want to p**s away your money, that’s where you can do it.
December 27th, 2006 at 6:47 pm
Casey - exactly why are you opening up another account? It is nice of you to keep your money in a place that makes it easier for your lenders and courts to attach/freeze.
But, of course, the fact that people have advised you to keep your cash in hand means you’ll do the exact opposite. And it means that we can look forward to another “where’s my money?!” post from you in the near future.
Thanks for making another bad decision so that we’ll have some drama to look forward to!
December 27th, 2006 at 6:49 pm
Let’s see,
1. Your landlord is your sister-in-law, IIRC. So, what’s the worry?
2. You have an empty house on Burdett Way you could live in. So, why don’t you?
December 27th, 2006 at 6:51 pm
If you had filed for BK awhile ago, the bankruptcy court would have place a ’stay’ on collection activity - which would have stopped WF at least temporarily.
You’re beyond hope. You get tons of good advice here, but seem determined to self-destruct.
December 27th, 2006 at 6:52 pm
It’s 7pm in CA now - did you get an account?
(If so, why - oh why?)
December 27th, 2006 at 6:57 pm
Does anyone want to make $53,000?
Here is what this blog is all about. This is not our ideal deal (does that count as a pun?), but it has a high enough internal rate of return.
The problem with it is that it has a very low cash flow (but with $53,000 in equity, it’s almost like - who cares).
This property is an example of what Casey should NOT do when first starting out because it doesn’t cash flow very positively. It’s probably more for intermediate investors.
Remember, it’s all about the cash flow. Not the capital gains.
retirein6years.gcproperties1.com
December 27th, 2006 at 7:15 pm
“Now I am at another bank waiting to be seen by a banker to open an account. I don’t have any credit lines here so I should be OK.
”
This might conflict with your statement that you WANT TO PAY EVERYONE BACK.
Meet the real Casey Serin: Casey can take but God forbid any fianancial instituion attempt to recover their monies.
I think you should issue a new statement that would accurately reflect your true intentions:
“I want to pay everyone back so long as I, Casey Serin, do not have to work for it, or exhaust any money out of my pocket.”
December 27th, 2006 at 7:16 pm
“Hang in there brother… How about adding a link to your site where people can donate money to you to help you pay your bills. I for one would be happy to send some money your way. ”
There’s already one of those obnoxious “Tip Jars” on the front page. Feel free to donate.
–Tim from Monterey
December 27th, 2006 at 7:17 pm
*hugs*
This is definitely a new low. Don’t take any more breaks, get your s*** together now.
December 27th, 2006 at 7:18 pm
Casey -
You seem to regard money loaned to you as abstract and not-quite-real, but when it’s the other way around you have an unwarranted sense of entitlement.
Frankly, you’re lucky that your creditors have let you get away with your financial sheninagans as long as they have, you’re not qualified in any way to criticize WF in this case.
December 27th, 2006 at 7:21 pm
Obivously the easiest way is to walk into your local branch with a gun and ask for it back. Might as well end your lazy life of crime in glory.
December 27th, 2006 at 7:26 pm
The end is near.
Bad news sits in piles of unopened mail near Casey’s bedstand whilst he sleeps late, willingly oblivious…
Casey - for the sake of your loyal audience, please keep posting as long as you can.
December 27th, 2006 at 7:27 pm
Yeah right, I am not buying this.
What happened with the $1099? They kept it or gave it back? And how is it that you are sitting in a bank at 5:30pm waiting to speak with someone about opening an account?
I’m not stupid enough to believe this whole thing is a lie, because most of us have seen the truth (online public records, etc.). But I really think sometimes you just exagerate to get more people to tune in.
Whatever the case, you deserve what happens. I really enjoyed the perp watch last week when you went ‘missing’. I truly hope it goes down like that, with unconfirmed ‘frog walks’ on the news and people monitoring every Sacramento area news source.
December 27th, 2006 at 7:30 pm
Schadenfreude is a malicious satisfaction obtained from the misfortunes of others.
December 27th, 2006 at 7:33 pm
“I need to pay rent and buy groceries…”
That is exactly why people get on their knees and thank God in gratitude when they can find a 9 to 5 job. Especially immigrants.
December 27th, 2006 at 7:46 pm
Last time I bankrupted ($80K credit card runup, before the new laws), my “bank” was a fireproof lockbox. After the BR, I dribbled part of that cash back into my bank accounts over 12 months and spent the rest for daily expenses. Actually, I’m still spending it - and I have fairly good credit again! FICO 750, and a pocketfull of high-balance cards if BR should again prove worthwhile.
You must learn to protect yourself from attached accounts if you are lucky enough to avoid prosecution. Hide that cash for now! And for heaven’s sake, file for bankruptcy if you can, as soon as possible. I want to see you get out of this. I enjoy stories in which the bad guy wins - such as Altman’s THE PLAYER.
December 27th, 2006 at 7:58 pm
You wanna be an expert on what happens when it all falls apart? Well you’re gonna be. And here it is. Yes, if you want to “battle” and postpone your inevitable bankrupcy, doing further damage to everyone involved, then you’d better put all your cash in your freezer and get used to living off the books. WAKE UP AND DECLARE BANKRUPCY. FAILURE HAPPENS AND DENYING IT CAUSES MORE HARM.
December 27th, 2006 at 7:59 pm
Where is Ogg the Caveman?
December 27th, 2006 at 8:02 pm
I think you should reward yourself and Mrs. Casey with a Macaroni Grill dinner b/c WF only took $1,090 instead of accelerating the loan and filing suit against you for the full $83k balance plus court costs.
BTW, have you ever been dumpster diving?
December 27th, 2006 at 8:22 pm
This was mentioned before several times — CASHCALL will issue debits to the closed WF DDA and the sh#t will then hit the fan. You must inform CC the acct is closed — but you won’t, of course. As I predicted before, this is the one that brings the Sheriff to your door. Good luck with that……
December 27th, 2006 at 8:35 pm
How hard is it to spend $100 on a notebook hard-drive, save your files on a USB stick or CD/DVD-R, install the drive, install OS and apps, restore files?
You are backing up your files aren’t you? Although, since you don’t keep records, do you have much that needs to be backed up? (Email could still be on ISP server, blog online, and photos on Flickr.)
December 27th, 2006 at 8:38 pm
I’m not donating one dirty penny to this swindler. He needs to get his lazy a** out of bed in the morning and find a friggen job.
December 27th, 2006 at 8:44 pm
You’re shocked that WF can use you checking acct to backup a late/non-payment on another account?
Banks do that ALL THE TIME and even advertise it as a service - “we’ll transfer your money from savings to checking to cover an overdraft; that way you don’t bounce a check.”
You know all the RE lingo from your scam seminars, and can talk a good BS-ing talk for an hour during an interview, but you have no real world experience or common sense.
And, no - I’m not a “hater”. I love my 20-something children, but have used similar blunt words in the past to protect them from themselves.
Where are your parents and in-laws voices in all of this? Surely they know? Have you asked? Have they tried? Do you ignore them like us? Have they also given up on you?
December 27th, 2006 at 9:01 pm
Casey - you just HAVE TO figure out how upside down you are financially. The $65K to $83K WF increase in a matter of minutes/hours proves to me you don’t have a clue.
Tim has given you good advise - for once in your life, follow it!
Once of my favorite sayings in presenting a summary / briefing paper is “one side of one piece of paper”. I think Tim is saying the same thing in his own words.
It is absolutely unimportant at this point to get the cents correctly entered in a $100 transaction that happened 3 months ago. You can spends days and days working hard and giving yourself the illusion of value-added activity and progress by doing this, but it’s just another way to escape reality. As I think Tim said, get to the nearest $10K or so - are you upside down $400K? 450? 500?
I suspect you’ll exceed $500K - sounds like NM may contribute up to $150K by itself, $150K in personal and lines of credit - you’re already at $300K before adding in the other properties, 1099s and tax liabilities.
I’m obviously getting something therapeutic from writing all these words. I honestly don’t know what it is, but I DO NOT believe that I have ANY illusion that you will listen and be helped.
I hope you will, but don’t believe at this point in your emotional development you are capable.
December 27th, 2006 at 9:12 pm
Hey - I see on WF’s blog their latest post says
“Casey Serin Stole $83K From Us”
December 27th, 2006 at 10:36 pm
Wow, things are just getting worse for you. Makes me glad I am to lazy to make investments.
December 27th, 2006 at 10:43 pm
Schadenfreude - a German word meaning “pleasure taken from someone else’s misfortune.”
http://en.wikipedia.org/wiki/Schadenfreude
December 27th, 2006 at 10:59 pm
Stole from you? You’ve got to be kidding me! You are one to talk after swindling banks out of $2.2 Million.
December 27th, 2006 at 11:01 pm
Sharp as a blunt knife :
“I’m not sure what it’s called when someone revels in the suffering of someone else…does anyone here have a name for it…”
I think someone mentioned earlier, the word is: Schadenfreude
http://dictionary.reference.co.....adenfreude
December 27th, 2006 at 11:18 pm
This post is just mind-blowing.
First off, you’re lucky they didn’t take every last “dirty penny” you had on their books.
Second, are you really telling us you had just written a check to your “landlord” (a family member, right?) or was that just something you said to the bank to try and gain sympathy? Because not only would it be odd to pay someone rent on the 26th or 27th of the month, but I just don’t believe you intend on “wasting” your money on rent when you can put it toward sweet deals and seminars.
I notice you didn’t mention any frantic calls to the “landlord” asking them to hold off depositing the alleged check, nor did you transfer any money out of the savings account you now admit to having to cover the alleged check, so I’m going to assume there never was a check. No rent paid yet again, despite the fact you had more than $1,100 in the bank.
And you used the hotspot at Starbucks to try and download your bank statements? Why? Don’t you open the statements they send you in the mail? And if your Starbucks are like the ones near me, they don’t offer free WiFi. You’re paying to download something you got in the mail free. You either had to pay $5 or so for a one-time use or you have an account you’re paying something like $20-30/mo for.
Either way, that is wasteful. You must learn to live frugally. I can afford $20-$30/mo for WiFi but I choose not to because I know it’s a luxury and right now I’d rather save my money. If you are paying for that, you should cancel it right now, and if you must use WiFi, only go to the free ones.
Also cancel your credit reporting subscription (you mentioned once before) and anything you don’t need — that’s NEED — to survive. Gone is cable TV, cell phone, etc. You either use the cheapest landline there is, a prepaid phone, or you just start writing letters or practicing telepathy.
And lose the credit cards. Shred them. Cancel overdraft protection (unless it deducts from a savings account). From now on you either use cash or a debit card.
I’ve been broke before and got by on about $5/week. I went to the bagel shop and bought a bag of 5 or 6 day-old bagels for $1.50. I bought a half-pound or so of thinly sliced turkey at the deli. I bought a tomato. That made me a sandwich a day, and I survived (bagels are quite filling).
You are in serious denial. Snap out of it.
December 27th, 2006 at 11:24 pm
Dude, that corporate credit thing is not going to work because the leader of the company (you) has the worst credit in the world. So many people have told you this, but you still don’t listen.
December 27th, 2006 at 11:28 pm
@mrobvious: “You seem to regard money loaned to you as abstract and not-quite-real, but when it’s the other way around you have an unwarranted sense of entitlement.”
I’ve said it several times already, and I’m sure I’ll say it several times again before this is all over: this is how someone with Narcissistic Personality Disorder (NPD) operates. In their world, the only things that are “real” are those which have a direct and immediate bearing on the afflicted’s fragile self-image - and “real” only to the degree that it can’t be bent or manipulated into an ego-pleasing shape. They are more than just self-absorbed. They simply have no concept of any reality outside of their own skulls.
Someone with NPD is not someone you want to be around. Other people are stage props to these guys. They lie. They manipulate. Nearly sociopathic, they possess no sense of empathy whatsoever - zero. They constantly position themselves as either a guru or a victim, so long as they remain the center of attention. They use and destroy people shamelessly, without thinking even once about it. They blame everyone else for their own failures. And, as you say here about Casey, they see a massive reality difference between the pain they inflict and the pain they receive. It’s not real until it’s happening to them - and then, it’s the end of the world.
Someone with NPD has all the classic symptoms of a chronic alcoholic or a drughead, only instead of substance addiction, it’s self-addiction. You can’t trust a word they say, because they literally will say or do anything to feed the monkey. Venture near at your own risk.
Don’t believe me? Watch it roll from this point forward. It’s been the Casey MO from day one.
December 27th, 2006 at 11:34 pm
Maybe hedge your bets for recovery? If someone bets on you actually making it back at least they will get a 200 to 1 return. Contact a hedge fund manager… or maybe ask someone who got a $60 million bonus at Goldman Sachs to give a little charitable contribution.
You are like Martha S****** vs. Ken Lay… submitted to shame for being public about a little $ 2 million, while those greedy bastards in hedge funds and investment bankers get money out of sweatshops and gutting the country’s production base.
December 27th, 2006 at 11:40 pm
Seriously, I’m totally curious - how do you burn through this much cash? The “small” loans you list here, aside from the “large” one you haven’t posted about, add up to $10,000. And if I’m not mistaken, that’s… gone.
What in the world did you spend $10,000 on in like, a month? Two? You’re not even paying your bills anymore. What happened to the money?
Someone (I think Tim) was asking in the other thread how you’d managed to just spend what appears to be somewhere between $250,000 and $500,000 in a year and… seriously, Casey, where is the cash going? How do you burn through money this fast? I’m completely serious and completely curious.
I could understand if you were paying the mortgages, or had large bills you were paying, but you’re not. Where did you spend the small loans of $10,000 that you’ve gotten in the past 4-6 weeks? That’s about $2,000 a week. What the heck are you spending it on?!
December 27th, 2006 at 11:43 pm
Sorry guys, I lived in a communist country for 18 years and I can recognize a deception when I see one. This guy and his blog are just a figment of someone’s imagination. It is old truth that the bigger the lie more people are ready to believe it. Frankly I can’t believe anyone buys any of this!!!???
December 28th, 2006 at 12:02 am
How to Positive Cash Flowing when facing foreclose
I finally managed to have a $750 positive cash flow a month once I stopped making these silly Margate payments and having the tenant handing me all the money, foreclose is not that terrible.
Plus being $37,000 maxd out in credit card debt is all right, whatever, I got to the point where ,I don’t fell much about ,,, But I was able to negation my minimum monthly payment to a $1 a month for each card which comes up to be $8 per month, and im gone go for that corporate credit thing… Casey, I say -What would you do if you know you could not Fail,,,, Chris from Chicago
December 28th, 2006 at 1:16 am
After I finish organizing the books for the year of 2006 I will know exactly where all the money went. I have a general idea but I want to get to the facts. (Yes Tim, I still plan to put together a rough “birds-eye” view assessment first which shouldn’t take as much time.)
As for the check to my “Ms. Landlord” that I told the bank about - I was not lying. I really did write a check yesterday and gave it to her. What I had to do today is as soon as I found out that a grand just disappeared from my account is send a text message to her and tell her not to deposit it. I told her I will pay her what I can with cash tonight. And I did.
And no I’m not going to go live in one of my houses that are about to get foreclosed on. What, you want me to spend money/time moving over there, then spending more money/time moving out a month later when it sells or the bank takes it? Moving back-n-forth is not as easy as it seems.
December 28th, 2006 at 1:22 am
“Casey-What would you do if you know you could not Fail ?”
I am already doing it. I already know I can’t fail. What people see as “failure” is really a stepping stone to success… but only if I actually learn from it and turn in into something positive. “Failing Forward” type of a thing. Gotta take them risks. And yes sometimes it’s better to take smart risks. Unfortunately I’ve taken some dumb risks this year. But I didn’t know they were dumb until I took the risks.
It’s all good!
December 28th, 2006 at 1:26 am
Okay, now I am convinced that you are just making stuff up to get hits. That’s the only logical explantion. No one is this stupid.
You know what will generate 300+ posts, so you leave out huge details like the name of the ‘college’ and where/how you spend your money, yet you take the time to mention the little things that will tick people off ($5 drinks, ’sweet deals’, etc.).
And I am thoroughly convinced that you have no intention at all of paying back even a single dirty penny. As some one else said, even if you got a check for $2+ million to bring you back to zero you would still manage to screw something up and end up in worse shape than before.
If what you write is true, then these are the marks of a desperate man. When all this comes crashing down next year I wouldn’t be surprised if you take your own life. Sad.
December 28th, 2006 at 2:14 am
Casey, realistically, how long do you think you have before your landlord forces you out? Better start getting ready for your next school of hard knocks lesson; it’s coming.
December 28th, 2006 at 2:16 am
I’ve visited this site on and off for about 3 weeks, and with this latest posting from the alleged Mr Serin, I’ve decided to settle upon two probables:
1. Serin is mentally handicapped or autistic, yet for some reason is walking around undiagnosed. If he is some sort of Slavic immigrant, he could have escaped being classified as “retarded” or “autistic” early. The American public and private school systems tend to catch nearly all the retards before they reach the age of majority. Slavic nations may not be so thorough. Hence, banks and so on might be unwittingly allowing an unidentified retard to sign legal documents.
2. Serin is scamming us all with carefully crafted stories. He could be doing this as some university project. We’re just part of his project or experiment.
I figure a clean 50% chance of either. I think that it’s particularly telling that no matter what people say, Serin keeps beating the same drum as if nothing substantive was ever said by the posters. Literally, I’m thinking that you could post a valid warning to him (example: “Casey, my name is Special Agent B.; I work in your local FBI office, and they’re coming to arrest you tomorrow morning!”) yet he’ll still blissfully post about his laptop problems, hitherto unmentioned loan deals, and Starbucks visits. He may as well just be talking about buying his underwear at K-Mart.
Like I said, he’s either mentally handicapped or he’s writing a lot of fiction.
December 28th, 2006 at 2:58 am
“Unfortunately I’ve taken some dumb risks this year. But I didn’t know they were dumb until I took the risks.”
Classic Casey.
Did it never occur to you that if you sat down BEFORE taking the risks and worked out the likely outcomes based on the available figures, their dumbness might have been obvious from the get-go?
What’s truly tragic about this is that even when you announce in advance what you’re about to do - this “corporate credit thing”, for instance - and EVERY SINGLE PERSON who demonstrates any actual knowledge of the process says “No, don’t do it, it’s a really stupid idea, and it won’t work because (insert umpteen paragraphs of extremely detailed and evidence-backed reasoning)”, you still go ahead and do it.
And then it crashes and burns, as everyone predicted, and you come back here and say “Waaah! Why didn’t anyone warn me?”
And then we laugh. Sorry for the callousness and all, but there really is no other rational response to this.
December 28th, 2006 at 3:06 am
Casey
Keith at HP here. I’ve never offered you advice but now it’s time.
FILE FOR BANKRUPTCY - AND DO IT NOW!
You cannot dig yourself out of this hole. It’s almost 2007 - get on with your life. The longer you wait, the worse it will be. With 100% certainty you will have to file one day, might as well get it over with.
BK is the easy way out, and your whole situation is a fraud and a mess. But go ahead and file, get ready for some jail time, offer to turn states evidence against the people who helped you defraud the banks, and move on. Better now than later. Clean up the mess, then cash in on your fame with that book and speaking tour.
Good luck out there kid.
Keith
December 28th, 2006 at 3:36 am
LOL…you write all these “sweet” motivational comments just to milk more comments from us “haters” right?
C’mon with all the new age mumbo jumbo. You are basically George W Bush’s long-lost cousin EXCEPT you don’t have a rich daddy to bail you out
December 28th, 2006 at 3:45 am
hey casey
i agree with you - i lost a hell of a lot of money this year myself! not quite in your stakes but still around 40k of my own cash (and a house)
i had my credit cards cancelled and defaults against my name -was told i would be foreclosed on after a tenant trashed a house a left it un-inhabitable (nasty cow)
aaah but its all good now - i just lurve waiting tables but you gotta do what you gotta do hon
here is a little story about “the don”
By 1990, the effects of recession left Trump unable to meet loan payments. Trump financed the construction of his third casino, the $1 billion Taj Mahal, primarily with high-interest junk bonds. That put him at a disadvantage with competitors who used more of their own money to finance their projects, industry experts have said. Things were so bleak for Trump at this time that in the August 21, 1990 edition of the Jersey Record, columnist Mike Kelly wrote “If we still had debtors’ prisons, Trump would be in the dungeon.” Kelly added that “Donald Trump is a Third World Nation.” Although he shored up his businesses with additional loans and postponed interest payments, by 1991 increasing debt brought Trump to business bankruptcy and the brink of personal bankruptcy. Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court. The Taj Mahal re-emerged from bankruptcy on Oct 5, 1991, with Trump ceding 50% ownership in the casino to the original bondholders in exchange for lowered interest rates on the debt and more time to pay it off. [4]
On Nov 2, 1992, the Trump Plaza Hotel was forced to file a prepackaged Chapter 11 Bankruptcy protection plan after being unable to make its debt payments. Under the plan, Trump agreed to give up a 49 percent stake in the luxury hotel to Citibank and five other lenders. In return Trump would receive more favorable terms on the remaining $550+ million owed to the lenders and retain his position as chief executive, though he would not be paid and would not have a role in day-to-day operations.
By 1994, Trump had eliminated a large portion of his $900 million personal debt and reduced significantly his nearly $3.5 billion in business debt. While he was forced to relinquish the Trump Shuttle (which he had bought in 1989), he managed to retain Trump Tower in New York City and control of his three casinos in Atlantic City. Chase Manhattan Bank, which lent Trump the money to buy the West Side yards, his biggest Manhattan parcel, forced the sale of a parcel to Asian developers. According to former members of the Trump Organization, Trump did not retain any ownership of the site’s real estate - the owners merely promised to give him about 30 percent of the profits once the site was completely developed or sold. Until that time, the owners wanted to keep Trump on to do what he did best: build things. They gave him a modest construction fee and a management fee to oversee the development. The new owners also allowed him to put his name on the buildings that eventually rose on the yards because his well-known moniker allowed them to charge a premium for their condos.
In 1995, he combined his casino holdings into the publicly held Trump Hotels & Casino Resorts. Wall Street drove its stock above $35 in 1996, but by 1998 it had fallen into single digits as the company remained profitless and struggled to pay just the interest on its nearly $2 billion in debt. Under such financial pressure, the properties were unable to make the improvements necessary for keeping up with their flashier competitors.
Problems loomed for Trump’s casino resorts. In a May 28, 2004, Wall Street Journal article, Trump said the specter of bankruptcy bothered him “from a psychological standpoint,” but added, “it really wouldn’t matter that much.” A number of his bondholders disagreed. In the same article, Meyer Marvald, a Florida retiree who said he owned about $44,000 of the bonds, claimed “[Trump] has the Sword of Damocles hanging over our heads.” On October 21, 2004, Trump Hotels & Casino Resorts announced a restructuring of its debt. The plan called for Trump’s individual ownership to be reduced from 56 percent to 27 percent, with bondholders receiving stock in exchange for surrendering part of the debt. Since then, Trump Hotels has been forced to seek voluntary bankruptcy protection to stay afloat. After the company applied for Chapter 11 Protection in November, 2004, Trump relinquished his CEO position but retained a role as Chairman of the Board. In May, 2005 [8] the company re-emerged from bankruptcy as Trump Entertainment Resorts Holdings. [9]
December 28th, 2006 at 4:34 am
“Only made $500 from consulting for Chris this month”
Come on. Did you only work one day/week?
You are not falling forward. You are standing behind yourself and pushing yourself right into the ground.
So many people work and have a business on the side. How is it that you can manage neither?
You have to give us some reason not to want you to fail. Try working full time for starters. You need the structure and rigidity of working for someone else. Otherwise you get fired.
December 28th, 2006 at 4:49 am
“…I’m at my parents’ house getting some food…”
and blogging.
Words fail me
December 28th, 2006 at 4:53 am
Casey, you are delusional, “gotta take those risks, it’s all good”.
I know it’s a waste of effort to type this, since you never take advice, but put some ads on your blog. Maybe you can feed yourself.
December 28th, 2006 at 5:10 am
The only risks one should take are smart risks…calculated risks…not throwing darts at the dart board in the dark.
There is no hope here…
Schadenfreude is what it’s called…thanks
Casey, there is no success here…none. Actually, you’ve been successful at letting the world know exactly who you are, which is a dilussional individual that bought the dream of easy money and let it take your freedom in the process.
You may have taught people that all this seminar stuff is designed to take your money and nothing more.
Yes you are a major success at failure…and comedy.
December 28th, 2006 at 5:26 am
‘I am already doing it. I already know I can’t fail. What people see as “failure” is really a stepping stone to success… but only if I actually learn from it and turn in into something positive. “Failing Forward” type of a thing. Gotta take them risks. And yes sometimes it’s better to take smart risks. Unfortunately I’ve taken some dumb risks this year. But I didn’t know they were dumb until I took the risks. ”
I DONT THINK CASEY IS WRITING THIS ANYMORE. HIS WRITING STYLE HAS CHANGED MARKEDLY IN THIS POST. CASEY WHAT IS GOING ON HERE? IS THIS SITE ALL JUST SOME SORT OF FROMT FOR THE IMMIGRINT MAFIA?
December 28th, 2006 at 5:37 am
casey, moving is easy and doesnt cost money. rent a truck van. thats it. I recall last time you hired folks to help you. this is your problem. you think you dont have to work for anything. your attempted flipping….you hired everything done. putting flowers down etc you could have done(you hired this done you said too). it requires no skills.
you are the laziest POS I have ever heard about. YOU WILL NEVER AMOUNT TO MUCH WITH YOUR drive(lack of it bigtime).
stupid idea BTW to open another checking account. the folks you owe money can go after any assets you may have. My brother had a similar issue. He went to an all cash basis because of it. you should as well. of course your creditors are going to come after you furiously as they see that you are a scumbag liar.
December 28th, 2006 at 5:50 am
“I just spent 3 days catching up with this site and spent an unbelivable amount of time on it. I still can’t figure out if its real or not. ”
It is not real - but you guys sure are biting on this. NO ONE is this incompetent …NO ONE.
December 28th, 2006 at 6:17 am
“sorry for any spelling mistakes, I’m at my parents’ house getting some food and they don’t have a google toolbar that lets me do a quick spell check)”
Spell check = Dictionary
Casey = Retard
Crasey Nires = Serin spelled backwards.
Enough of “gotta take risks” crap. I want to hear about all of your continued failures. The rest of that “positive thinking” stuff is just boring and will never happen (for you).
Love ya, mean it
December 28th, 2006 at 6:18 am
Seriously, what is the point of opening a $100 checking account? Another day wasted.
I’m starting to wonder if Casey has a high-priced drug habit that he is financing with his loans. Where else could the money have gone? Or maybe he is an actual gambling addict and he is literally gambling his money away.
A clue is the dark eye circles in the latest photo despite the recent “Late Riser” habit. Perhaps his “business meetings” that last until 2 a.m. are really online gambling jags.
Casey, you need ____________ Anonymous (fill in the blank).
December 28th, 2006 at 6:42 am
What’s the story on the Utah house and the missing $70k?
December 28th, 2006 at 7:00 am
“I am already doing it. I already know I can’t fail. What people see as “failure” is really a stepping stone to success…”
You might possibly be the most delusional person to ever walk this earth. You do realize that there is no coming back from the mess you’re in now, right? Do you really think that you can keep robbing Peter to pay Paul while not paying John is going to last? Seriously, you are going to lose all of your houses, what little credit you have left, and will probably end up in prison getting a Greyhound bus parked in your a$$ each night.
Please get this through your head - the risks you took were so retarded that not even Chris Burke would consider them as viable. Seriously, where do you think you’re going to go from here? The real estate game is over with and there is no way in hell that you’ll ever make a dime from it. Did you ever stop to think that most of the gurus you paid to see don’t actually own deal in real estate anymore? There’s obviously a reason.
You really are delusional. I hope you enjoy getting your colon smashed in prison.
December 28th, 2006 at 7:08 am
Casey said: “And no I’m not going to go live in one of my houses that are about to get foreclosed on. What, you want me to spend money/time moving over there, then spending more money/time moving out a month later when it sells or the bank takes it? Moving back-n-forth is not as easy as it seems. ”
You’ve not been listening to people who say living in a house in CA significantly lengthens the f/c process - letting you keep it longer, and maybe saving one house out of your holdings.
And, no, I don’t want you to spend time/money to move — I really don’t care what you do.
Although you have nothing but time, and could borrow a pickup truck. I’ll bet I’ve moved a LOT more in my lifetime than you have - and moving (presumably a relatively small amount of stuff) at your age is no big deal, unless you’re lazy (which you are).
You have an excuse for EVERYTHING!
December 28th, 2006 at 7:09 am
Certainly nothing wrong with failing, so long as you can afford to make those failues and recover from them. But being as deep in the hole as you are you don’t have the luxury anymore to continue slipping further down and calling it a “success in disguise”.
December 28th, 2006 at 7:16 am
Look genius, … the reason they are tellling you to move into one of your houses is because when you declare bankruptcy, they can’t take that particular house away from you. You’ll have a place to live. With your credit so bad, you will never find another apartment again.
December 28th, 2006 at 7:30 am
Does anyone understand why Chris would actually pay Casey to consult. On what basis has Casey proven himself to be a viable consultant worthy of being paid. This is something I just don’t understand. This is no different then Isiah Thomas being hired as the GM of the Knicks. He was a proven loser in Toranto and then bankrupted the CBA only to be offered GM of the Knicks afterwards.
Somebody please make sense of this to me.
Casey, you need to start cutting down your expenese and move in with family until you can get yourself back on your feet. The money you will save by doing this you should pay off your friends and family first because you owe so much to the lenders who gives a crap if you pay them $1,000 at this point. Help get your family and friends out of the debacle you brought them into.
December 28th, 2006 at 7:40 am
Answer my question, please.
What have you done in your lifetime that YOU consider to be “hard work”?
December 28th, 2006 at 7:48 am
Casey,
How many months has it been since you stop making payments on the mortgages? I am curious, because I would of thought the banks would of foreclosed by now?
So how long does it take for a foreclosure? (average time)
SR
December 28th, 2006 at 7:53 am
So WF did the old “all your money belong to us” scheme? Well boo hoo. You had it coming!
I love this script, this keeps getting better and better.
December 28th, 2006 at 7:54 am
“’Casey-What would you do if you know you could not Fail ?’
I am already doing it. I already know I can’t fail…..”
Are you really that stupid? Can idiocy be a valid criminal defense? If so, you’ve got it made.
December 28th, 2006 at 7:55 am
Casey is a real-life Cosmo Kramer
December 28th, 2006 at 8:04 am
“And no I’m not going to go live in one of my houses that are about to get foreclosed on. What, you want me to spend money/time moving over there, then spending more money/time moving out a month later when it sells or the bank takes it? Moving back-n-forth is not as easy as it seems.”
The reason everyone is telling you to move into one of your Sacramento homes is that homes are “protected” in the event of a bankruptcy. Unfortunately that won’t help you very much.
According to California law, certain secured loans are protected from bankruptcy (like a house or a car). But to protect these you must “reaffirm” the loan which bring it’s payments current (probably from refinancing). However a married couple in California can only protect up to $75,000 in home equity (the rest they have to extract in the refinancing and use to settle debts).
In other words, living in a Sacramento home before you declare bankrupcty would be a great idea if you had equity in it. You could save that equity from being lost by the foreclosures on your other homes (and the credit card companies).
Why everyone keeps bringing this up is because many notable real estate gurus have had their house of cards collapse under them and have filed for bankruptcy from the safety of their $2 million dollar homes (mostly paid for by the loans taken for other properties). Florida, by the way, doesn’t cap the amount of equity you can save during bankruptcy (which is why so many gurus live there).
Since you appear to be underwater on all of your properties, the best thing you could do is move back in with either your parents or your in-laws and stop paying rent. File for bankruptcy and start putting your lives back together. Your credit is already ruined, there’s nothing left to save.
Of course, if you actually did so you would end this tragic drama that has kept me enthralled for the past several months.
December 28th, 2006 at 8:07 am
There went the money you needed for a bankruptcy attorney. As was mentioned before, you are unlikely to find one that will really be able to help you for less than around $5 grand. Anyone who charges less than that is probably just going to be helping you fill out the paperwork to get your case started. You need a whole lot more than just that.
December 28th, 2006 at 8:11 am
GO TO BED! WHY WERE YOU UP AT 1:22AM? HOW WILL YOU EVER GET AT 5:%%AM? GO TO BED!
NEXT GET A JOB! Better do it before you’re unemployable because of your bad credit. Many employers are not hiring people who have been irresponsible with their credit. GET A JOB IN HAND NOW! STAY WITH IT!
H
December 28th, 2006 at 8:30 am
scrap the denial already
You have failed, it’s not ‘all good,’ now deal with it!!!
It’s OK that you screwed up, you made bad decisions and you are f*cked. Admit to yourself that nothing you’ve tried since you got into this mess has worked. NOTHING.
Making bad decisions is normal, natural, human. But seriously, this is enough. Continuing to make bad decisions, the same bad decisions, like this corporate credit nonsense, is inhuman. Computers get locked in infinite loops, unable to change course, wasps and bugs have programmed responses to things they can’t deviate from, and you’re acting a hell of a lot more like them than a human being.
You can begin to recover from this if you can admit your failures and take a different course. If you can’t do that, well, you could probably get a job with the Bush administration.
December 28th, 2006 at 8:31 am
Bet you’re regretting all those Jamba Juice purchases *now* huh? >_
December 28th, 2006 at 8:34 am
Oh my God…
You cannot *possibly* be this obtuse. This addictive, deluded behaviour is almost impossible to believe as real.
ENOUGH WITH THE GOD DAMNED ‘GURU’ CREATED BUZZ WORDS! Failing forward… WHAT A CROCK! Your world is starting to crumble, and you’re spouting crappy dogma?
Christ on a Crutch!
Ring Ring– Hello? This is REALITY CALLING… is Casey there?
December 28th, 2006 at 8:43 am
Casey,
You owe WFB a lot of money. I’m amazed you can even open any accounts with anyone. If you don’t file BK — banks/bill collectors will simply forclose on ALL your assets.
What’s to say WFB couldn’t get get a judgement against you for non-payment and seize whatever they can get their hands on? What recourse would you have? No bankruptcy protection, for sure.
December 28th, 2006 at 8:49 am
Ouch, that DOES sound frustrating, hope everything turns out alright my friend.
Regards.
http://allfinancials.blogspot.com
December 28th, 2006 at 8:54 am
I”m expecting 400 comments here, too bad you got killed by google on the adsense.
See the writing on the wall, going corporate won’t work. Your wasting your time and money. You fail to go the sensible route in filing for BK. By this time you would have had a book deal in place if you had the foresight of filing around October or even September.
3 things to do come 2007
1. File BK
2. Get a job
3. Live frugally
All of this can be done in 1 month, at least 2 of them anyway. Its amazing how you wasted 4 months of great financial advice. Its beyond comprehension!
I for one may not earn much, but I finally paid off Bank of America’s stupid $2300 and I have gotten the save/pay in cash mentality. I live in a house with my parents who are paying a mortgage payment of $2,645 (the rent covers whole thing and its 30yr fixed). With my low rent and the money saved I’ll do some investing, but not in real estate. I don’t think that’s too bad for someone who’s in the rat race.
Grow up and get your act together.
December 28th, 2006 at 8:55 am
G’day mates!
Ozzie Tim here.
Fair suck of the sav! I’ll give you the drum, the cook’s fixin to bolt. and while you’re cryin in your beer, the hoon from the 36% loan is going to lob in on you for the quid. Some of the ‘haters think you’re a no-hoper, me, I’m beginning to think you’re an Ocker.
I just don’t get your mental state. One day you’re grinning like a shot fox and the next you’re cactus! Don’t you see any fartehr than the end of yo