February 17th, 2007 12:07 pm
Casey Serin Satire - Pictures and Song
I am always one to acknowledge and encourage genuine creativity and sweet photoshop skills… even at my own expense (within reason). So I started a collection of Casey Serin Satire pictures in my Flickr account. These pictures have been found across the internet and various fan/hater sites. Additional contributions and higher resolution of the same ones are welcome. If you are the author of any of these, let me know, and I will give you credit.
Rescue from Debtor’s Island
by Vague Guru
Won’t Work for Food
by Vague Guru
What Me Worry?
by Vague Guru
The Fugitive
by Vague Guru
$2.2 Million in Debt T-shirt
Conjuring Magic Deals
by Vague Guru
Cashback Burglar
by Vague Guru
Cashback Burglar Behind Bars
by Vague Guru
Casey Trump
by Vague Guru
Casey Action Figure
Bird Dogging With My Mailman
by Vague Guru
Financial Planning Flowchart
by ??
(click to enlarge)
“Hey Casey” song
via creepyoldman / Stop! Slammatime
If the player doesn’t work, right click here and “Save As”
…
Here are a few more that came in recently…
Jamba Juice Makes Me Looser
By “D” of All Things Cool
Jamba Juice… Sweet
By “D” of All Things Cool.
Casey Tombstone
240 Comments
February 17th, 2007 at 12:08 pm
Some of those are hilarious preferably the wont work for anything…
February 17th, 2007 at 12:26 pm
I love a great sense of humor. Don’t visit any of the other fan/hater sites so glad you posted them here for all to enjoy. (My favorites are “won’t work for food” and “conjuring sweet deals”)
February 17th, 2007 at 1:16 pm
Just found a “Hey Casey” song and added it to the main post above. I must say that is some FUNNY stuff. Maybe author can do a song of the Hater’s Paradise lyrics contributed earlier. I think there was some other song too but I can’t find that comment.
February 17th, 2007 at 1:18 pm
Flowchart still my fav, but birddogging close second.
Casey, aren’t you worried Richdad Nagasaki won’t sue you for a bunch of dirty pennies?
February 17th, 2007 at 1:24 pm
Oh there is the other song lyrics - Vanilla Ice spoof.
Gotta love some of this “hater” humor. It’s not particularly constructive but if done within reason I enjoy it and so I let it through.
The ability to laugh at myself gets me through the day.
February 17th, 2007 at 1:28 pm
Hey Casey,
What’s happening in Utah?
Are you getting calls from Cashcall?
February 17th, 2007 at 1:37 pm
Hey Casey,
These photos are hilarious. I wish I knew how to use PhotoShop like that. Keep on posting these. Also, it’s nice to see how you’re back to posting on the events of your houses and what you’re doing about them.
I sincerely wish we met earlier. I think you would have had a vastly different real estate foreclosure experience at no cost (i.e. no guru seminars). In fact, we even rebate 20% of our buyer’s commission back to you when you do a deal with us (up to $10,000).
Don’t give up on the Real Estate business. I know you have it in you but just need a little guidance. NO ONE should charge you for this!
I think this is the property you should have purchased last year:
http://retirein6years.gcproper.....stuff.aspx
February 17th, 2007 at 1:39 pm
It’s too bad some of the fun “hater” characters are still boycotting this blog. I miss some of those guys. That’s OK, that will make room for new ones to come.
By the way… as you can see my traffic was not affected much. However, it’s hard to tell really with all the inbound links and media exposure that happen from time to time. It seem though, that the “hater” crowd is small (but very vocal). Many of those characters is really one person posting under different names. I guess if I cared more I would check the IP and figure out how many total “haters” there are.
I like to keep this blog organic but within reason. Some of those guys think I’m withholding information or lying about my past.
The only thing I’ve done was to respect certain people’s wishes and exclude certain names/companies/stories on this website. Unfortunately that makes people think that I’m hiding something. Oh well. Can’t please everybody.
I have not lied about anything on this blog. The whole goal one this blog has been to honestly tell the truth in order to create an example of what NOT to do. There has been some mis-understandings though and people automaticaly assume that I’m lying.
If you think am lying about something, I challenge you to bring it up.
Like I said, can’t please everybody. I now understand the feelings of politicians or any other public figures who are highly criticized.
February 17th, 2007 at 1:41 pm
@Casey
Also Dec 12 2006 by yours truly:
Wiped out ‘n Nerdy:
They see me trollin
They hatin
A’trollin tryin to pay back every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
My clickthrough so proud
I’m flippin
They hopin that I pay back every dirty penny
Tryin to pay every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
The haters think they can see me eatin beans
I’m SWEET; ain’t no ramen noodles for me
When you see me ride by they can see the jetta glean
Run mine own credit check, turns up on my laptop screen
Sign with a new chick, she, like, f@cked me up
Next to the felonolla, I’m look like a major assholla
Turn a no deal into a win win
Yneone you ain’t know, I’m crazy like STC kitty in a coma
Just tryin to get another loan ain’t tryin to have no babies
Flip clean so I RK with the ladies
Laws of trolling you know they hate me
Moderation turned all the way up to the maximum
I can speak for some wannabes tryin to jack for some
But we packin bags that we have and um will have a uzbecki locked up in the maximum
Security cell, I’m grippin ankle
Bubba loud and slippin slow
Twist and twistin like you don’t wanna know
Reacharound from behind ,can’t say more cuz casey edits yo
Plane touch down, gotta find solution
DVDs change flippers : must be producing
This is the Play-N-Skillz when we out and bruisin
Got cash back in every city except Houston but still I ain’t loosin
They see me trollin
They hatin
A’trollin tryin to pay back every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
Tryin to pay every penny dirty
February 17th, 2007 at 1:49 pm
@6. From the Sidelines:
Ok ok, you’ve been persistent, here is a quick update:
Utah… nothing new… I still need to call and finish trying to get to the bottom of where the missing check went. They are giving me a lot of hassle and at this point I have to send them a copy of a check and jump through some more hoops and then perhaps we can get to the bottom of it but there is no guarantee. Since the payments are still being made by the “wrapee” I don’t think the lender is going to foreclose. I just need to make the time and call them up so I can prevent late fees and whut not. Makes me think, I need to hire an admin assistant or something’…
CashCall… oh they’re definitely after me now. Phone calls and emails almost daily. I will keep track of their collection efforts and probably post something about that in the near future. I’m thinking I will try talking to them and see if we can use a little reason. We’ll see..
February 17th, 2007 at 2:00 pm
#9. T.White… thanks for another parody song… funny stuff! Maybe you can put that to some music and send me an MP3?
#7. Phillip… hey man thanks for your persistence and encouragement. I have a desire to do some deals with you in the future… I should back into the swings of things soon. 2007 is the come back year.
I’m thinking 100+ unit apartment buildings (5-10 million and up) or other commercial / income property. Those deals are more juicy. Single family is good too because there are more of them but the spreads are small. However, if I can do those in packs (6 pack?) then that might be a way to go.
By the way, let me know if you need a big commercial or hard money loan. I have some sweet connection for that stuff now. From ten million upto 2 billion loan size, upto 70% Loan-to-Future-Value, can do international deals, private money for developments, fast turn-around, that kind of thing…
February 17th, 2007 at 2:16 pm
“I’m thinking 100+ unit apartment buildings (5-10 million and up) or other commercial / income property. Those deals are more juicy. Single family is good too because there are more of them but the spreads are small. However, if I can do those in packs (6 pack?) then that might be a way to go.
By the way, let me know if you need a big commercial or hard money loan. I have some sweet connection for that
stuff now. From ten million upto 2 billion loan size, upto 70% Loan-to-Future-Value, can do international deals, private money for developments, fast turn-around, that kind of thing… ”
You’re simply pathetic.
International = Russian mafia ?
2 billion loan size ? You can’t even get out of the 2 million mess.
100+ unit building ?
The only 6-pack you can manage is probably Budweiser (you know, the kegger hidden behind the blue ball desk).
Congrats to the flowchart author. So true. The guy did not need any personality test to define you in one page.
BTW, I wonder how much time you lost again collecting all these photos on internet. You’re so egotic.
February 17th, 2007 at 2:18 pm
You have connections to a lender for loans up to $2 billion?? Hook me up, I’m interested in buying the country of Tajikistan — 2005 GDP was estimated at 1.8 billion.
You are dense.
February 17th, 2007 at 2:21 pm
10. Casey Serin
I just need to make the time and call them up so I can prevent late fees and whut not. Makes me think, I need to hire an admin assistant or something’…
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
But then you’d have to call the newspaper or put job listings of Craigslist and Monster, and that takes time. Better procrastinate on that and focus on the 20%.
Stupe.
February 17th, 2007 at 2:28 pm
Does anyone here honestly think that Casey has a connection of loans “from ten million up to 2 billion”?
Just thought I’d ask.
February 17th, 2007 at 2:35 pm
Well, I had some student loans to pay off, and I was thinking of starting a tutoring business, so I thought to myself, why not borrow TWO BILLION DOLLARS?
So I went over to Chase and talked to a very friendly loan officer, who assured me that this would be no trouble at all. Interest rates were low, the repayment plan reasonable.
Of course, I had to buy a few wheelbarrows to carry all the money out, but hey, with TWO BILLION DOLLARS, a few extra bucks for a wheelbarrow was small potatoes.
Let me tell you, it really changed my life. My student loans are paid, and the marble halls of my tutoring business have done a lot to attract customers!
…ebeh.
Any chance these people you’re planning to borrow bazillions of dollars from are based in, oh say, Nigeria? It’s a wild guess, I know, but I have a way for these things. Blessed, you might say. And aren’t you supposed to have those ads down by now? Or is that another of those things you’ve been ‘too busy’ to do?
February 17th, 2007 at 2:43 pm
You still haven’t called to track down that Utah payment?
Yea sure Casey, I would use someone like you for a 10 million dollar loan, you can’t even clar up one disputed payment, why would ANYBODY trust you with anything more than a jamba juice card.
Why don’t you concentrate on paying back every dirty penny before you make big deals,,oh wait, this was just a trolling for responses post.
February 17th, 2007 at 2:48 pm
Cashcall doesn’t see reason… they want their money. You borrowed money, now you have to pay for it.
They are waiting for you to default so they can really start bending you over. Cashcall does not accept partial monthly payments, they count that as a loan default.
Hint: Cashcall does not have your best interests at heart. They have their best interests at heart. Their interests at this point is to get their money back from you.
Hint: If you talk to Cashcall. Ask what the current interest rate on your loan is. It just may be above 24%, like double that.
If you need better advice, why don’t you reprint the fine print of your cashcall loan here so everyone can advise you on any more problems that you may encounter with Cashcall.
I would have expected that when Wells Fargo cleaned out your saving account to cover your outstanding payments that would have been a hint for you to get moving on your unsecured debt. Guess not.
February 17th, 2007 at 2:57 pm
Admin assisstant: That will last until the first pay day. Administrative assistants run 10/hr-15/hr. Plus you have to fill out all of the W-2 paper work as an employer as well. Can you afford $200-$400/week for an assistant (plus bennies). Also you have to maintain the paperwork and payments to the IRS so at the end of the year you and your assistant don’t get mauled by the IRS for tax evasion.
ALSO: Are you saying that you are so busy (working 60-80 hours per week) that you need someone else to help read your mail, return phone calls and type letters so you can take care of other business? I am incredulous at the very least.
February 17th, 2007 at 3:01 pm
Holy sweet baby jesus those are funny.
My favorite is the one where you look like the hamburglar, holding bags of stolen money.
A+ work
February 17th, 2007 at 3:07 pm
Casey’s problem in a nutshell:
“I still need to call and finish trying to get to the bottom of where the missing check went. ”
Always future action. Casey, start thinking about action as “i did” or “im doing” rather than “i am going to do”.
Seriously.
February 17th, 2007 at 3:11 pm
Under the circumstances, you have maintained a remarkably positive demeanor and sense of humor.
Real estate is a really stressful business and probably not the best career path for you.
For example, you obviously have a talent for blogging and attracting a devoted audience.
Useful, constructive activity appears to be a challenge for you at times
Casey, could you please take this personality test and report the results to us http://electricpulp.com/guykawasaki/arse/
Kawasaki isn’t Kiyosaki, but he might be a better contact for you to make…
Everyone is rooting for you at heart even though we get frustrated.
Don’t loose your vision:)
February 17th, 2007 at 3:12 pm
From CashCall to 2B!?!
February 17th, 2007 at 3:14 pm
“By the way, let me know if you need a big commercial or hard money loan. I have some sweet connection for that stuff now. From ten million upto 2 billion loan size, upto 70% Loan-to-Future-Value, can do international deals, private money for developments, fast turn-around, that kind of thing… ”
One of your blog readers is playing with your head, dude.
February 17th, 2007 at 3:18 pm
Here’s one of your dad at a soup kitchen.
February 17th, 2007 at 3:22 pm
Hey Casey,
Here is what is going to happen to you over the next year, your comeback year. Not much. You will still have massive amounts of debt, you’ll live hand to mouth at you in laws, and you will not be able to save.
If you use investors money for your apartment bld and you lose money for your investors - then you will be faced with fraud and jail,
Loads O Money
February 17th, 2007 at 3:35 pm
You seem to have quite the following!
FT
http://www.milliondollarjourney.com
February 17th, 2007 at 3:38 pm
Casey,
While you are clowning around, April 15th is just around the corner. I hope you know that you will have to file a tax return in both New Mexico and Utah. Yes, regardless of all your losses on your other properties, those states will want their state income taxes.
February 17th, 2007 at 3:44 pm
Kid:
“By the way, let me know if you need a big commercial or hard money loan. I have some sweet connection for that stuff now. From ten million upto 2 billion loan size, up to 70% Loan-to-Future-Value, can do international deals, private money for developments, fast turn-around, that kind of thing…”
70% Loan -to -Future Value, huh?
That “future value” bit hasn’t been your strong suit, little hobbit.
If your Uzbeki Drug Lord friends are willing to underwrite you a 2 billion dollar loan, then why not start buying Jamba Juice franchises and slamming ‘em into airports and malls?
You’d be “Mr. Jamba Juice”!
And your backers could alter the menu so that in addition to wheatgrass, a customer could get a shot of heroin in their banana/strawberry smoothie.
February 17th, 2007 at 3:46 pm
Makes me think, I need to hire an admin assistant or something’…
Employees expect regular paychecks that do not bounce. They also expect that their tax withholdings will be properly managed and paid so that they don’t get in trouble with the IRS come tax time. Do you honestly think you can provide that to any person that you hire?
.
.
.
I didn’t think so.
February 17th, 2007 at 3:49 pm
You have connections to a lender for loans up to $2 billion?? Hook me up, I’m interested in buying the country of Tajikistan — 2005 GDP was estimated at 1.8 billion.
Oh Benoit, c’mon. Don’t you know you have to pay at least 4 times GDP to buy a country? But if you get the right appraiser, you might be able to get 100% financing and still get $1 billion cash back.
February 17th, 2007 at 3:52 pm
I agree with Cote. You never DO tell the truth, you’re desperate to capitalize on something, anything, and you deny credit to Vague Guru who made pretty much all the pictures.
And now you’ve stooped yet again to trolling in hopes of proving this blog has actual traffic.
February 17th, 2007 at 3:54 pm
I have a great connection for a hard money lender too. Its called “google” -hard money lender- and up will pop many people that are willing to lend you huge amounts of money at 14% and 4 points upfront.
Wow Casey, you and your connections really impress me, you really are priviledged to have such great opportunities, what a wheeler-dealer you are.
February 17th, 2007 at 4:07 pm
The pictures you have put up ridicule you. Do you understand that?
Putting them up is NOT evidence that you are a big-picture guy, with the ability to rise above criticism and even weather some good-natured fun at his own expense. That you apparently think so is further evidence–not that such is needed–of your mental dislocation.
Hey, it’s all good!
Scheissbrain.
February 17th, 2007 at 4:07 pm
Tell us Casey
Did YOU cash the checks that the Utah buyer made on that property ?
Tell us the truth
February 17th, 2007 at 4:16 pm
In a sense Casey, you lie by omission.
Since you claim to only tell the truth on this blog, please truthfully ANSWER the following questions.
1) How much money did you receive in cash back, FOR EACH you properties. List each property and the amount received for each.
2) How much of your credit card and unsecured credit went into each of your houses. List each house and list the amount you spent on each using unsecured credit.
3) List where the other unsecured money went to.
Your vague answers and your continued claim that you are unorganized in not truthful answering. You have had plenty of time to get organized and figure out where the money went. Tell us if you are truthful. You claim you went to a CPA, then you should have these answers.
We all want to know exactly where the money went. If you are honest and have nothing to hide then you will tell us.
February 17th, 2007 at 4:23 pm
Hilarious pics Casey.
You asked about who did them.
Didn’t you get them off Rob Cote’s blog at […] when you visited? Those and more are all lined up with the creators names.
Maybe you two should trade links. His hits are waaaay up.
Cheers.
February 17th, 2007 at 4:24 pm
@ Casey “If you are the author of any of these, let me know, and I will give you credit.”
Well since you asked, I did all of the new photoshops. The other three (Cashflow Diagram, the Shirt and the Action Figure) were done by others, all the rest are mine.
Of course why am I telling this to you Casey, you know where they came from because you hang out in the “Hater” forum where I posted them.
For the record, when I posted them, I said anyone could use them for whatever reasons, and I meant it. So I don’t really care that you posted them here.
The only reason I bring this up is because later in the thread you said you never lie and challenge anyone to prove it.
Well there’s your proof. I have the original PSD files and the links are in the old threads over at the Hater forum.
BTW: You didn’t post the “Meeting with my CPA” one, which I thought was the funniest one of the bunch.
February 17th, 2007 at 4:43 pm
Hey man, I would love to give you credit for those files, I didn’t know it was you. Just let me know what username/name/link to put up. Is “Vague Guru” Ok? Also please do send me the PSDs. Gotta do my due diligence, you know. Also send me anything else you have.
Sorry, I didn’t know it was you. I actually don’t have the time to look for this stuff and I rarely visit the hater sites. The images were actually emailed to me by a friend who rounded them up for me. He didn’t tell me where he found it.
February 17th, 2007 at 4:47 pm
#39. J. Whittimer Lightning…. As soon as I put my expenses together for 2006 I will disclose the stuff you’re asking. My CPA is waiting on me to get all the figures so I better get it done soon. I may actually need to get some help because I don’t have a lot of time to organize such a huge mess. That’s one of the things I’m working on this weekend.
If I don’t get it done in the next couple of weeks be sure to remind me. Thanks.
February 17th, 2007 at 4:51 pm
#40. Bemused Guy… if Robert agrees to respect the people involved with me and use certain moderation rules then I might consider doing link exchange, etc. Man, we can even do some joint venture stuff, why not? If we can put together a win-win deal I’m open to anything.
Otherwise, I will continue to censor the URLs ‘cuz some of that stuff is way too much. (I’m actually getting ready to do a massive search-n-replace on his URL in my WordPress DB so that there will be no more Google juice for him). I’m not asking people to like me. Just to be reasonable and respect my wishes to protect my family/friends.
February 17th, 2007 at 4:52 pm
Tell ya what, if you post the Tax Man one, I send you one of the PSD files (your choice) as proof that I did them. Here’s the link to the Tax Man one:
http://img176.imageshack.us/img176/5869/cpaka7.jpg
February 17th, 2007 at 4:53 pm
RE: Short sales. You said that as part of the process one must provide the bank with 2 years of W-2s. Do you have 2 years worth to provide them? Since you admit you lied on the incomes section for the orginal loan apps do you think there will be repercussions when you prepare the short sale docs ?
Or is there another sort of “innovative statement” you will be proiding them?
February 17th, 2007 at 4:56 pm
Hey Vague… that one is kinda borderline… probably a bit too fruity for this blog. Trying to keep this thing somewhat family safe.
February 17th, 2007 at 5:09 pm
don’t miss the one where you’re serving Jamba Juice. That’s my favorite, actually.
February 17th, 2007 at 5:30 pm
And on top of that, I’m still trying to find a way to pay all these loans back or as much of it as I can. Getting a 15/hr job is not the answer. How are you gonna catchup all those past due balances. Lenders don’t let you make partial minimum payments. Well, I’ll correct that, they DO but that’s not going to stop the collection process. And me paying a few dollars toward the debt is not going to make any difference. I should save that money for living expenses and seed capital for making big deals to help me REALLY pay off those loans. Take a look at my spreadsheet and give me a plan. That’s right, it ain’t as easy as people think.
February 17th, 2007 at 5:32 pm
I will call you out on a lie. You have yet to respond to this one so here it is…You mentioned earlier on your blog that you tithe regularly. Prove it. Please?
Another duplicate challange for you:
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 17th, 2007 at 5:39 pm
#52. Voice of Truth… show me where I said I tithe REGULARLY. I put TITHE on my spreadsheet for a PROPOSED budget for 2007. I want to honor God with my money, however because of all the crazy financial times lately I haven’t been very stable with it. Having said that, we DID contribute to church and other charitable organization last year. Not sure how much. That’s what I’m going to find out as I do the 2006 expenses in the next couple of weeks. And yes I DID remember getting a statement from one of those organizations so when I sort my files/receipts I will be able to find it and maybe I can show it to you.
February 17th, 2007 at 5:39 pm
Tell us Casey
Did YOU cash the checks that the Utah buyer made on that property ?
Tell us the truth
You haven’t answered this question yet
February 17th, 2007 at 5:41 pm
I got to admit that song is actually Really fun to listen to LOL. Well where most would feel a building tension about all the media coverage and internet coverage and making it to wikipedia you’re still doing ok. I really hope you can find someone who wants the property.
Good job on letting everything roll down your back like water to a duck. You are willing to post what I’d want burned.
vQ
February 17th, 2007 at 5:42 pm
Since you are on a role moderating & educating, how about answering #46?
February 17th, 2007 at 5:42 pm
Casey says:
“Open moderation doesn’t work if you have a bunch of haters who just want to see you go down in flames and get jailed”
Don’t you think you will go to prison anyway ? Open moderation or not ?
February 17th, 2007 at 5:48 pm
I know you’re still here Casey. Answer my questions. Truthfully.
February 17th, 2007 at 5:56 pm
#46. Bemused Guy… I have been sending all the banks my real tax returns for 2004 and 2005 straight from my accountant. I didn’t modify anything.
#38. WTF!!!… I never see the checks from Utah buyers. They go to an escrow account with Central Bank of Utah and the escrow agent sends a check to my bank. This creates a paper trail and keeps everybody accountable/happy.
February 17th, 2007 at 5:58 pm
“All I wanted to do was make an honest buck in real estate.”
WHY do you keep saying this? The second you lied on those loan apps you stopped being “honest”
February 17th, 2007 at 6:01 pm
By the way, let me know if you need a big commercial or hard money loan. I have some sweet connection for that stuff now. From ten million upto 2 billion loan size, upto 70% Loan-to-Future-Value, can do international deals, private money for developments, fast turn-around, that kind of thing…
who in their RIGHT MIND would want one of your SWEET connections for a loan??!!??
February 17th, 2007 at 6:06 pm
Casey says:
“I never see the checks from Utah buyers. They go to an escrow account with Central Bank of Utah and the escrow agent sends a check to my bank. This creates a paper trail and keeps everybody accountable/happy.”
The documention for the “wrap” showed Casey Serin as the beneficiary. You stated in an earlier post that the checks HAVEN’T been going to your bank. Where are those payments Casey ?
February 17th, 2007 at 6:06 pm
Why don’t you think you should go to prison Casey ?
February 17th, 2007 at 6:08 pm
#60. Julian… do you own a home? What kind of loan did you use? Did you state your income?
You guys don’t realize it huh… almost everybody is buying homes in hot markets like CA as stated income loans and guess what kind of income they are stating… they are OVERSTATING because banks let you do that (they are happy since they charges you a higher rate). With the crazy prices that’s the only way to buy homes. Wrong or not, that’s the game and everybody up the chain is aware of it. So is it technically mortgage fraud? According to Jerome Mayne, yes. Why is it so easy to do? Why are the banks looking the other way? Good question. Lets hear somebody answer this one.
In fact… how about a poll…
HOW MANY people here used stated income loans to buy their house? How many were 100% truthful on their application?
If you have the balls (or ovaries) to admit it, speak up.
February 17th, 2007 at 6:09 pm
I did not use a stated income loan to purchase my home.
February 17th, 2007 at 6:12 pm
#62. WTF!!! … Go back and re-read the info. I already said that there were 2 missing payments because I forgot to tell the escrow company that my loan was sold. The escrow company was sending payment to the old bank. When I finally opened my mail and realized this I got to the bottom of it. The old lender claims they forwarded all the payment to new bank. But the escrow agent said they cashed two of the checks and has proof. Then as I tried to look into it more I find out there is now only one missing payment because I’m only 1 month behind. So this whole thing is pretty confusing. And yes its my fault for not opening mail and staying on top of who my lender is. No lies here.
February 17th, 2007 at 6:12 pm
I bought my home with a standard 30 year mortgage. Fixed interest rate. If you have to lie and use exotic mortgages to buy a home, you really need to keep renting because YOU CAN’T AFFORD.
February 17th, 2007 at 6:15 pm
#67. Greg… I do agree that exotic mortgages probably shouldn’t be used to average home buyers. It’s too easy to get into trouble. Exotic mortgages are for experienced investors who know what they’re doing. I’m an example of an investor who was NOT experienced and rushed in to take advantage of these loans. Well you know how the story went after that…
February 17th, 2007 at 6:19 pm
So Casey, if the escrow company now knows who the new bank is, why is there still one payment missing?
It is my impression that you deliberately make things sound confusing in an effort to conceal information.
February 17th, 2007 at 6:25 pm
Casey
I think you should stop referring to yourself as an investor. I think a more appropriate word would be divestor.
February 17th, 2007 at 6:25 pm
… because the escrow company is not going to do the dirty work of calling my lender and try to figure this stuff out… that’s not their duty. They just forward payments. I have to still find out how to track down the missing payment or work something out.
February 17th, 2007 at 6:26 pm
Well, since everyone is here, I’ll chime in. I paid cash for my house. That’s right, cash. As in what you don’t have. $650,000 dead presidents. If you have to lie, you can’t afford it. Not bad eh?
February 17th, 2007 at 6:28 pm
Casey, I’ve got a sweet deal for you.
I’m offering my assistance as an admin assistant free of charge to help with the missing Utah wrap money.
I feel badly for the family who deserve better than what you’ve been giving them. They paid good money and now it’s gone and you haven’t gone out of your way to find it. Shame on you.
You have my work email and phone number as we’ve shared a few emails in our day so contact me early Tuesday morning with the pertinent details and I’ll take care of it.
This is a sincere offer. I am not pulling your chain. I feel for that family. Consider this my “good deed” for the month of February. I’d certainly want someone to do this for me if I were in their situation.
If you truly have not cashed the check and spent the money yourself, you will take me up on this offer.
Also, I must mention that the reason many people went over to Robert’s site was not solely to “hate” on you. Many of us enjoyed each other’s online company and wanted to enjoy our freedom of speech without censorship. We were also tired of waiting 12-48 for moderation here. Just so you know.
February 17th, 2007 at 6:29 pm
@ Casey #70
Is the escrow company currently forwarding payments to the correct mortage company ? Are you SURE that none of the payments were sent to you ?
February 17th, 2007 at 6:31 pm
Oh you forgot to answer this question.
Why don’t you think you should go to prison Casey ?
Be thruthful Casey.
February 17th, 2007 at 6:45 pm
I did not use a stated income loan on my home or the house I purchased in Myrtle Beach this month.
February 17th, 2007 at 6:46 pm
So let me get this straight, because EVERYBODY is doing it why should you get called on the carpet for it right? Well scooter, millions of people smoke pot but that doesn’t keep tensof thousands, if not more, of people from going to jail and out of the courts. Johnny Law needs an example and who better than some egotistical little smeghead who just loves putting his smarmy little face out for all to see. The tired excuse of “everyone else is doing it so it must be okay” pretty much plays out by the time you hit high school. And are you honestly gonna say that EVERYONE was lying about owner occupancy? There’s a really easy rule in life that I guess you never learned, if it doesn’t feel right it might be better not to do it.
February 17th, 2007 at 6:47 pm
WTF!!… because prison is too harsh a punishment. I didn’t have criminal intent to defraud anybody. I used “liar loans” naively thinkings “It’s all good”. Leverage is a beautiful thing but not so good when mis-used. I misused it and being broke and dealing with financial stress is bad enough punishment. How would YOU feel in my shoes?
February 17th, 2007 at 6:53 pm
I did not lie on my application for my home.
Neither did my fiancee for hers.
You lied. Regardless of your intention, under a court of law it will not matter. Intention will only, possibly, affect the sentencing or punishment, it will not affect a verdict of guilty or innocent,
February 17th, 2007 at 6:54 pm
@ Casey #76 I call BS
I am NOT in your shoes and I will NEVER be in your shoes.
However, if I had committed fraud like YOU DID, I would expect to serve some prison time and I would expect that I would be made to pay every DIRTY penny back to the people/institutions that I defrauded.
February 17th, 2007 at 6:54 pm
@ 76. Casey Serin
February 17th, 2007 at 6:47 pm
“WTF!!… because prison is too harsh a punishment. ”
Unfortunately, you are not the one who gets to decide whether or not prison is too harsh a punishment, Casey.
Are you aware that after several petty theft arrests, people are sent to prison? Imagine being an unemployed father stealing food to feed your kids and you keep getting busted. Eventually, you go to prison. This is the way our criminal justice system works.
In a similar way, you fraudulently obtained 8 (possibly more) liar loans with the intent to make a quick buck. The bottom line is that you committed a crime. Surely you realize this?
Criminal intent only mildly enters the equation during the sentencing phase.
February 17th, 2007 at 6:54 pm
Let’s see, I live in the Sacramento area. I saved money from my job for 18 months by cutting expenses, not a lot, but enough to save. I’ve purchased two homes in the last 4 years.
I’ve obtained loans using full docs. No stated income. A 3/1 loan on the first house and a 7/1 loan on the second house.
February 17th, 2007 at 6:56 pm
Answer this
How many of those homes did you say you were going to live in?
Secondly, would YOU lend to someone with a credit score as low as yours, who is 2.2 million in debt, and has no cashflow? No business I know of would
February 17th, 2007 at 6:57 pm
You haven’t answered
@ Casey #70
Is the escrow company currently forwarding payments to the correct mortage company ? Are you SURE that none of the payments were sent to you ?
February 17th, 2007 at 7:01 pm
CS- “I even kept paying on this loans much longer then I should have (by borrowing more to pay existing properties).”
Hillarious. You just don’t get it. I guess you should get a medal or something for paying on your loans with more borrowed money.
You don’t even see this as real money. Had you actually earned the money that you were “investing” I assure you that you would have behaved much differently.
CS- “I’m learning my lessons. Do you see me taking out any more liar loans?”
I think we all agree that the sole reason you are not taking out these loans anymore is because they are no longer available to you. You didn’t stop using them because you discovered you were breaking the law, you stopped when the lenders called BS and refused to give you more money (which it would appear you were aware would happen due to the rapidity of your transactions). At that point, you simply stopped paying on any of your obligations.
Please tell us specifically which lessons you are learning. I fail to see any evidence of your expanded knowledge, particularly when you seem intent on exploring “Corporate Credit” and 100 unit apartment complexes in your current financial situation.
February 17th, 2007 at 7:19 pm
Casey,
Since we’re having a little hater reunion here tonight,
1. I stated my income accurately on my mortgage app.
2. Thanks for answering my questions
6. From the Sidelines
February 17th, 2007 at 1:28 pm Hey Casey,
What’s happening in Utah?
Are you getting calls from Cashcall?
February 17th, 2007 at 7:23 pm
I just hate the fact the morgages companies who honest people try to make a living at are getting screwed because of what you did. You don’t know but maybe someone lost a job or the morgage companies take a large hit because of your recklessness.
I hope that a good bk on your record will limit your loan getting ability because it really hurts honest working people.
I have 4 duplexs in sac and make 250k a year- I put 20% down on each place between 97-2002. I stopped buying because I would need to start putting down ridiculous amounts of money to break even on a rental property.
I am interested in bigger apt. buildings as well- I hope what you are looking for is not in sac because they are so over priced-
out of state looks good.
Sacramento will stabalize in 5 years or so and apt. investing will be logical again - till then it will be poor margins and negative equity- especially for you since you have no down payment to put in.
Unless you have a good idea to get in without money- if you do could you enlighten me- I know you know some tricks.
February 17th, 2007 at 7:30 pm
Casey, anyone with a basic understanding of addition and subtraction would NEVER end up in your shoes. Your lack of arithmetic aptitude is what got you into this mess in the first place. You’ve never been able to figure out where the $30K went. It’s like the missing dollar paradigm. Then you simply kept trying to dig your way out of the hole.
Do you deserve sympathy? No. If you weren’t 1) greedy, 2) shortsighted, and 3) unmeticulous, you never would have gotten into this mess.
February 17th, 2007 at 7:42 pm
Hey Casey, I bought my home with a stated income home after putting 30% down. But I’m allowed to do that, since I’m in sales and my income does vary month to month or year to year. Oh yeah, I also put 20% down on an investment property and stated that it would be non owner occupied, thus incurring a higher interest rate. Incredibly enough, my loan officer wouldn’t allow me to say it was going to be owner occupied. She had no desire to put her a** on the line for a commission.
Regarding the posted pixs above, they’re great. And I’ve already seen them on another website. While I cannot tell you would actually put them together, I do know it was not you. I also know that you should not be copying and posting things that are not yours, without first getting the correct authorization. Yes, I know that everybody does it. That doesn’t make it right. Why can’t you and the rest of your generation understand that everything is NOT free to use/copy as you like?
February 17th, 2007 at 7:47 pm
Hey Casey,
You really have to stop being naive. Why do you keep saying you want to pay back those loans ? How on earth are you going to pay back those loans ?
Do you really think the FBI will allow you to purchase a 100 unit apartment building ?
Did you read the Wall Street Journal last week ( Thurs or Wed ) about a Florida Real Estate investor. He’s in jail now!!
It’s pretty obvious to me what you need to do. You have to draw a line under all that debt and somehow get it discharged - ie. probably bankruptcy.
Have you asked somebody what difference do additional foreclosures make on your credit report if you already have one ?
You seem intent on doing a short sale instead of foreclosure. How does this benefit you ?
When Donald Trump was in debt in the early 90’s do you think he gave a hoot about paying the banks back ?
By the way - this is a great market for real estate investors…..there are so many foreclosures here in Dallas. The Banks are selling them off so cheap !!
Casey - tell me the formula for NOI ? ( I want to see if your a real estate investor or not. You keep telling me you are - if you are, what is the formula for NOI ? )
Loads O Money
February 17th, 2007 at 7:51 pm
@Casey 64
I bought my house with completely accurate income information. Completely. 30 year fixed. So much for your silly challenge.
@ Casey elsewhere
You deserve to do prison time. You defrauded the banks. It’s typical of this society, though, that you try to place the blame on them, for not policing things adequately during the boom times.
It’s not all good, sweet thang.
February 17th, 2007 at 7:57 pm
Robert Cote is full of himself and really needs to
Extract his head from his a–. All those haters don’t know
S–t either. Casey, you are a much larger person than those
Childish haters. Those haters think what you did with
Other peoples money was wrong. But, they just jealous
More power to you.
February 17th, 2007 at 7:57 pm
I think you are confusing the word HATE for CONTEMPT.
Casey, make NO mistake…YOU ARE A CRIMINAL. Speeding is not a felony. The comparison is not even a logical one.
Not ONLY did you take LIAR LOANS 8 TIMES, but you got cash back at most deals. Did the BANK know about this cash back, Mr. Honesty? AND you did not occupy ANY of your homes, even though you took loans designed for owners who RESIDE in their homes. AND you told every bank that you were going to reside in your homes. The reason the banks charge more for homes that are, as you say “investment” property, is because of the higher risk of loss. AND you timed the applications so you could do several loans at the same time. Your innocent routine makes me sick. You are not 12, Casey. You KNEW the way you took these loans were WRONG in SO MANY WAYS. Your “liar loans” were just an appetizer. You served up a main course and dessert to complete your crime. You deserve to be punished. You will not “get it” until you are. And that is really sad.
I do not hate you at all, Casey. I am proud to live in a country that welcomes people like you and your family. I am pissed off because my husband and I jumped through HOOPS to get our home on a fixed 30-year mortgage, and we did not lie about ANYTHING on our loan. I have daughters in college that are having to incur debt to get an education because of people like YOU who abuse, twist, and turn the rules. YOUR DEFAULTS MAKE IT HARD ON THE ORDINARY PERSON WHO WANTS TO SIMPLY PURCHASE A HOME TO LIVE IN. I work hard for my family, and you sit around and make excuses why you cannot make one or two phone calls, take naps, and practically DARE ANYONE to call you on it. That is what makes me angry at you. (Notice I did not say HATE)
You can call it anything you want. At 24, your excuses will not help you in court. YOU decided to give out all this information about yourself. Your family is affected by what YOU do, Casey. YOU put yourself out here. Crying about the “haters” really makes you look stupid. And I do not think you are stupid, Casey. I think you make bad decisions on an hourly basis. I also think you are VERY LAZY. Laziness is a habit, Casey. You need to work on that.
If my son-in-law lived in my house, I GUARANTEE you he would not be sleeping until Noon and napping. (Be hard to sleep with my FOOT up his a** ) This is not HATE…it is TRUTH!!!!!
I think the biggest lies you tell are to yourself, son.
Think about that.
February 17th, 2007 at 8:02 pm
Funny…Tinsel was my security word…
What a hilarious series of photos…
Not going to change the fact that you’ll have bad credit and debt for a long time…but hey life goes on after prison.
Gotta say, you’ll looking kinda cute.
Frank in San Francisco…that’s a clue!
February 17th, 2007 at 8:05 pm
Have you totally lost your mind? You need to go back and reread some of your own posts, Casey. You’re contradicting yourself.
February 17th, 2007 at 8:10 pm
>because prison is too harsh a punishment.
So Casey, what do you think is an appropriate punishment for felony fraud that results in hundreds of thousands of dollars in losses to numerous banks
February 17th, 2007 at 8:12 pm
#48. Robert…
“The old woman who is sent to a nursing home because she cannot afford the taxes in the house down the street from one of your purchases. The other old woman who cuts her heart medicine pill in half because her Countrywide dividend was suspended due to non-performing loans. The local school district that cancels the low cost lunch program beause of state cuts due to surprising property tax delinquencies. ”
Not to be one to defend Casey’s actions, but you seem to have some deep anger about the world that you’re taking out on Casey. Do you actually know a senior citizen who’s invested in Countrywide and had to reduce her medicine intake, or is this an imaginary situation from your head that you are blaming Casey for?
At the MOST, there’ll be a $2 million bad debt (most likely 10-30% of that) from Casey. There are 300 million people in the US, so that works out to be less than a penny a person. The Iraq war is going to cost thousands of dollars a person - perhaps you should go rail against George W. Bush about that instead. Trust me, he’s costing you a lot more money than Casey ever will.
People are telling Casey to go see a mental professional… with this kind of deep rooted anger maybe you should do so as well.
February 17th, 2007 at 8:17 pm
“All I wanted to do was make an honest buck in real estate.”
What do you consider a “dishonest buck” then, Casey? Seems to me what you’ve been doing has been pretty dishonest…
February 17th, 2007 at 8:18 pm
Casey post #51 — ‘I’m still trying to find a way to pay all these loans back or as much of it as I can. Getting a 15/hr job is not the answer. How are you gonna catchup all those past due balances. Lenders don’t let you make partial minimum payments. Well, I’ll correct that, they DO but that’s not going to stop the collection process. And me paying a few dollars toward the debt is not going to make any difference. I should save that money for living expenses and seed capital for making big deals to help me REALLY pay off those loans. Take a look at my spreadsheet and give me a plan. That’s right, it ain’t as easy as people think. ‘
I don’t think I’ve seen anyone say that it would be easy Casey. Many have said it would be very difficult. You’re right in thinking that getting a $15 hour job is not the answer. But it is a start. And when you write about saving money for seed capital, I am left to wonder what else is up your sleeve.
I’m also lost in trying to figure out how you or anyone else, could F*CK over so many different companies and people to the tune of $2 million+ and still be able to continue on as if nothing has happened and believe there’s no need to pay anyone back anything. Everyone that is due money from you should be applying liens to anything and everything of yours that they can. That includes your tip jar with paypal, any income from sponsered links and anything and everything else that could be of value. Hell, maybe one of these companies will get pissed off at you and figure out how to shut down this blog and any future attempts at blogging.
February 17th, 2007 at 8:32 pm
Quite frankly Casey i did take a stated income loan and was honest - thats why ive had no problems with it
February 17th, 2007 at 8:52 pm
“Exotic mortgages are for experienced investors who know what they’re doing.”
When exotic mortgages appear in the marketplace experienced investors run for the exits. When lenders won’t any longer give exotic mortgages to anybody, experienced investors see it as a sign it may be safe to get back in the water.
Casey, what is your IQ, and what did you score on your math SAT? You do need a certain level of inteligence to make money in RE.
February 17th, 2007 at 8:56 pm
So your punishment for stealing all the money (cash back at closing undisclosed to the lender) is the horror of being broke and stressed? Wow, what an easy justice system you think you deserve.
I purchased my home for cash also, no mortgage, no lies.
Fraud is fraud, you did it knowingly, there ABSOLUTELY was intent to mislead the lender into making a loan he would not do were all the facts known to him. You absolutely do deserve prison time.
February 17th, 2007 at 8:57 pm
“they are OVERSTATING because banks let you do that (they are happy since they charges you a higher rate)”
Which is why the mother of all housing crashes has begun…
February 17th, 2007 at 9:07 pm
http://voiceofsandiego.org/art.....osures.txt
Check out that chart. Its totally unreal. If that incline were a mountain, it would be Everest. And the worst part is - you are not even at base camp yet.
February 17th, 2007 at 9:08 pm
All I wanted to do was make an honest buck in real estate. No criminal intent at all.
An honest buck?
Even setting aside the “liar loans,” which you claim EVERYONE was doing (and by the way, just because they were doing “stated income loans” doesn’t mean they were all actually lying on them)….
On all those mortgage applications, wasnt’ there a spot where you said “I intend to live in this house as my first or primary residence” (words to that effect), and that it was the ONLY mortgage you were currently applying for?
You LIED about your intent for the houses, you LIED about how much money you were trying to borrow, you timed all your loans so that the credit checks wouldn’t pick each other up….
What kind of “honest buck” did you think you’d make, doing all that? Even if you thought lying about income was okay, why was the rest of it okay?
And where did all that “honest” money go? Trips to Hawaii? More real estate courses? Wasn’t the cash back supposed to get turned back into improvements on the houses and carrying the mortgages — not trips to Hawaii and expensive real estate seminars. Spending it on personal luxuries rather than on the business you purport to be building was one of the most dishonest things of all.
“Honest buck?”
You have no honor, Mr. Serin. No honor at all.
February 17th, 2007 at 9:14 pm
Keep it up!
You’re an inspiration for many.
February 17th, 2007 at 9:19 pm
76. Casey Serin
February 17th, 2007 at 6:47 pm WTF!!… because prison is too harsh a punishment. I didn’t have criminal intent to defraud anybody. I used “liar loans” naively thinkings “It’s all good”. Leverage is a beautiful thing but not so good when mis-used. I misused it and being broke and dealing with financial stress is bad enough punishment. How would YOU feel in my shoes?
No Sunshine,
You are broke and dealing with financial stress because you are to lazy to get a job.
Anyone whom you have done lending business with is going broke and dealing with financial stress because they lent to a young man that knowingly lied on mortgage application by lying about his income, lying about his intent to live in the homes, and lying about the number of loans he was taking out concurrently. OH and he did this, not just once like he claims all the other homebuyers out there have done, but eight times. Thats 24 lies with the INTENT to defraud money from his lenders. My goodness, I almost forgot, he also lied about illegal cashback at closing and went through a third party to conceal the illegal cashback at closing.
I am glad you feel as though you paid back more on the mortgages than you felt you needed to. Please provide us with the name of the attorney friend that told you this was alright.
Last point Giligan, what you and this blog really needs is an intern, like Kramer had on Seinfeld. (Kramerica Inc.-Caseyland USA Inc.)
Your intern can open your mail, make your calls, organize your receipts and go get your Jamba Juice. Its the way to go, Sam Luccia(sp) and the Mengalo(sp) brothers on Flip that House have interns and they don’t even have to pay them.
By Wednesday/Thursday, we’d like to see some pics of you conducting the interview of your new intern.
February 17th, 2007 at 10:13 pm
Casey, the idea that “real investors know how to use exotic loans correctly” is a misnomer. Speaking of which, it is because of people like you that you can kiss 100% financed and stated income loan programs goodbye. Thanks a lot for ruining it for everyone.
February 17th, 2007 at 10:15 pm
Casey,
On Commet 50
The law does not take ‘intent’ into your actions. Two very good examples:
(1) If you siphon money out of a company, play the ponies and win and then put then money back (pocketing the winnings) you still committed Embezzlement.
(2) If you steal from a bank and give it to an orphanage, you still stole.
The law does not allow you to benefit from the proceeds of illegal activities. The catch here is this: The fine print on the back of your loans state that you are aware of the legal ramifications and responsibilities you entered into with those loans. Also the loan contract stated what disclosures you should have made during the application process. Since you admitted that you had to move fast to get all 8 mortgages approved before the banks started catching wind of the other mortgages you were applying for says you had some idea that the banks were at least going to decline your loans (At the least) if they found out you were going for 8 simultaneous loans.
You will also notice that the State and Feds are slowly but surely reeling in the people that commited mortgage fraud, both on the side of the bank and the people who took out the loans. State Attorney Generals love hauling in white collar crime because the mob likes seeing conceited office execs and scam artists get their own personnel perp walk.
February 17th, 2007 at 10:41 pm
Too funny. Gilligan was funny enough then it just kept going.
February 17th, 2007 at 10:54 pm
“I didn’t have criminal intent to defraud anybody.”
Yes, you did. A lie is a lie is a lie. Simply using a liar loan means you had the intent to defraud. That is, in and of itself, fraudulent.
“Everybody’s doing it” isn’t a defense. It sure doesn’t work when you get pulled over for speeding.
“With the crazy prices that’s the only way to buy homes.”
If lying is the only way YOU can buy a home, then you can’t afford one in that area and shouldn’t have tried to buy one — much less five or six, or whatever it was.
“Wrong or not, that’s the game and everybody up the chain is aware of it.”
The fact that a lot of other people are also liars who are defrauding financial institutions is no defense and no excuse.
It’s all wrong. Wrong, wrong, wrong. You had the intent. You knew what you were doing.
You just hoped you’d get away with it. You’re one of those people who thinks it isn’t a crime unless you get caught.
Sociopath.
February 17th, 2007 at 11:05 pm
“WTF!!… because prison is too harsh a punishment. I didn’t have criminal intent to defraud anybody. I used “liar loans” naively thinkings “It’s all good”. Leverage is a beautiful thing but not so good when mis-used. I misused it and being broke and dealing with financial stress is bad enough punishment. How would YOU feel in my shoes? ”
Casey, please read my following words:
You might feel that prison is too harsh of a punishment, but the law and potential prosecutors do not care how you feel. If you lied on a loan application you broke the law. It’s fraud. If you fill out a credit card application and exaggerate your earnings, that is fraud as well.
You not only committed fraud once, but many, many times.
Potential prosecutors are not going to care if you have had “tough time” and were under a lot of “financial stress”. They will be interested in a case with a lot of publically available evidence that is easy to solve and close.
You used liar’s loans because “everyone was doing it”. That doesn’t make it acceptable. Everybody goes faster than 65, but guess who gets the ticket? You. What would a cop say to an excuse that says “everyone is doing it?”. He would tell you that you were exceeding the speed limit regardless of what everyone else was doing.
Whether or not anybody investigates you will be due to probability. You have avoided filing bankruptcy for this long because *you know* that it opens doors for a criminal investigation. You’ve known this for a long time. If you were honest with your loan applications, a guy like you would have filed for bankruptcy months ago. The avoidance of bankruptcy due to a supposed belief in a financial resurrection and protecting credit ratings is a rationalization.
February 17th, 2007 at 11:31 pm
I was doing things that were inline with what all the other real estate investors are/were doing. Nobody around me thought it was a big deal. Even my real estate lawyer friend didn’t think this was a big deal. It’s like prirating CDs or speeding on the freeway.
Did your real estate lawyer friend happen to give you this advice in the course of advising you how to set up your…err…investment strategy? Maybe you can nail him for malpractice to the tune of $2.2 million. Then you can pay back every dirty penny to the lenders. Of course his malpractice insurer is out the $$, but that’s what he was paying the premiums for.
BTW, Larchmont is getting sold at the courthouse steps on 2/26 @ 9:30:00 AM; Muncy is set for its foreclosure sale on 2/26 @ 12:00:00 PM. Looks like you can get a twofer in that day and still be back home in time to make some more connections.
February 17th, 2007 at 11:41 pm
Casey,
You full of s*** !
The justification of doing the thing you do has no validity…and don’t compare it to being on the highway because I don’t need $250k to drive on the freeway and tickets don’t cost that much.
When you told lenders that you would occupy all your houses, your lied! Straight up lied with the intention of never setting your feet on the properties! Hell, you have a hard time making it to Modesto while living in Sac!
You lied 8 times! 8 times! Some Christian you are! Easy money got the best of you and we have to pay for it! Not you, but the hard working people who invest in the banks!
February 17th, 2007 at 11:44 pm
Dude, ignorance of the law doesn’t make you immune to it!
And as someone who frequents Cote’s unmoderated blog, I must say that the swirling hell you envision through lack of moderation has yet to happen over there. But people do swear over there, it’s true. Gotta protect all those 8-year-olds that are surfing the net to read about mortgage fraud. Can’t have their education on short sales ruined by seeing the f-word.
As for the futility of paying back your loans with a job, you’re quite right, you won’t be repaying your loan of TWO BILLION DOLLARS while working a regular 9 to 5. So the solution if you can’t pay back ALL the money is to repay NONE of the money? Just DROP the whole matter entirely? Bear in mind that you don’t owe a gigantic lump sum, you owe a bunch of little sums. Each and every one of those lenders is going to see a different scenario. Rather than seeing a man who owes countless people an unpayable amount of money, Cashcall sees a man who owes them ten thousand dollars. (plus interest. Lots of interest) Point is, you could pay them back. You could make $30,000 a year and put food on your table and pay back Cashcall their entire balance. you could pay them back. The fact that you’d have to do this 30 times over for it to actually work doesn’t matter to these people. In each lender’s mind, you could do the work needed to repay them.
Dang, at least pay someone. Don’t screw everyone. And you wonder why people think you should go to prison…
February 17th, 2007 at 11:49 pm
Casey,
I too have an ethical problem with your continued use of the phrase “honest buck.” You weren’t honest from the moment you inflated your income.
Also, correct me if I’m wrong, but didn’t you finance all of the loans as owner-occupied, when in fact you occupied none of them?
You mentioned speeding and pirating CD’s and how few people think that’s illegal. WTF? To make a statement like that further proves your naiveity. Your REAL excuse here is that everybody else is doing it, and YOU shouldn’t be doing it.
Finally, you asked why if the liar loans practice was so bad, why banks let people get away with it. Because they were making money, duh. But now it’s time to pay the piper — banks are already noticing an increase in foreclosures on their subprime paper. The subprimes are foreclosing because they can’t unload their property at a profit any more. IMHO, the whole thing was a house of cards, a ponzi scheme. There isn’t any new money to pump into the ball game, so the house of cards is falling.
February 18th, 2007 at 12:04 am
casey, just because other people are doing the wrong thing, it doesn’t make it okay for you to do it. it’s still the wrong thing.
you have absolutely no sense of morality or of reaping and sowing.
stop claiming to be a christian and stop talking about God. you’re not. the very things that come out of your mouth is the complete opposite of what is written in the Bible.
grow up and take responsibility of your actions. you deserve to go to prison. you’re a menace to society. it’s way better for the rest of us when you’re off the streets… and without access to any money.
February 18th, 2007 at 12:17 am
How to die a little inside:
1) Read Tennessee Williams’ The Glass Menagerie
2) Replace every instance of ‘a gentleman caller’ with ‘a sweet deal.’
3) Read boy wonder’s “I’m gonna buy an apartment complex!!!’ posts.
Casey… seriously. Read this play, and pay close attention to Amanda Wingfield, the faded Southern Belle that waits for her imaginary gentleman caller. She’s you.
Read Death of a Salesman and look at Willy Loman’s final scene, driving off to his doom in search of that last big, hopeless sale. He’s you.
These sad, pathetic people were totally incapable of change after their big dream failed. They couldn’t reconcile the reality of their loss with the perfection of their dream.
You’re living their lives right now, and these people are exaggerated caricatures! Your inability to feel remorse, to change, to even recognize your failure for what it is makes you pitiable more than anything else.
February 18th, 2007 at 12:37 am
Casey,
Robert’s post hits the nail on the head. You have harmed our society greatly. What makes things worse is you don’t acknowledge the harm you have done, instead you keep saying things like “it’s all good”. Our society functions only because the majority of people act honestly and ethically. When the majority stop doing this, then our society becomes nothing more than a banana republic. When everyone steals, lies, and cheats, then the foundation of the nation cracks and all hell breaks loose.
I think you would gain a lot of respect if you have a post listing out the harm you have done to the various people in our society starting with your friends and family, then to the other various groups of people such as taxpayers, neighbors next to your forclosed homes, people who have investments or savings in banks, people who can’t afford to buy homes due to the high prices because of your speculation, people who will be paying higher interest rates due to the losses on your fraudulent loans, people who can’t get loans due to the higher credit restrictions because of your fraudulent loans, people who recently bought homes and are now underwater, etc, etc, etc.
I don’t think you can acknowledge the harm you have done, because that requires you to have ethics and morals. Somehow, for some reason, you never developed the foundation for these, and now society is paying the price. If you truly have ethics and morals, you won’t need to prove it by talking about God, tithing, church, and being a good Christian. The things that prove it are not talk, but actions. Your actions, and actions alone speak to whether you are truly an ethical and moral being.
chopper
February 18th, 2007 at 12:53 am
I’m just like you. I have no job and borrow money for a living.
I wonder how long it will last.
However, it kind of sucks because banks are now denying me and they are on to my plan.
Don’t want to go to work because I’m lazy. Going to keep applying for more loans though and see if someone gives me one. I’m anti-job as well.
Just kidding. Casey, I make $15,000 per month from my job. If I thought like you I’d be broke and homeless.
February 18th, 2007 at 1:09 am
Our Hero writes (and I use the term loosely — or perhaps that should be “losely”):
[P]rison is too harsh a punishment. I didn’t have criminal intent to defraud anybody.
I’m not sure what makes “criminal intent to defraud” different from “intent to defraud” but by your own admission it is clear that you intentionally misrepresented yourself and outrighted lied — that is, fradulently reported — your income on multiple mortgage applications.
You also outright lied about your intent to occupy the properties.
You misrepresented the amount of equity you would have in the properties when you took cash back from the sellers.
Casey Serin, you have done something deceitful at every single step of the way in your supposed career as a “real estate investor” and in hindsight you now try to justify it as something that “everyone” is/was doing. No, not everyone — just a few hucksters like yourself. The only thing that exceeds your complete lack of ethical behavior is your own stupidity, and in combination these two things have put you in the situation you’re in.
Now you seem to think that you ought to be able to work out (sweet) deals with your lenders to forgive some of the money you owe them because you were “inexperienced” and “new at making (sweet) deals”. Well, what if instead of looking at hundreds of thousands in losses you had made a couple hundred grand in profits? Would you decide to give those back to the lenders/sellers/buyers because you had, after all, used dishonesty as a key ingredient to earn the money?
[D]ealing with financial stress is bad enough punishment.
No, it’s not. For a while I thought you were just an obnoxious kid with too big a mouth and too small a brain. I disliked you from the first time I heard about you, but I did think that perhaps you would in due time learn your lesson and that you didn’t deserve to be punished. Now, after having watched you go six months — HALF A YEAR — without doing a single redeeming thing, without taking a single step that has amounted to ANYTHING — I am fully convinced that you’re just a clueless con artist who deserves jail time.
How would YOU feel in my shoes?
Thank God I don’t have to worry about that.
February 18th, 2007 at 1:22 am
Casey,
Why don’t you post the other picture of photoshop “The Apprentice” spoof with you, RK & G? That one is really funny as well?
-Big Cheese.
February 18th, 2007 at 2:48 am
Casey, comparing yourself to the average Joe in California who has to exaggerate his income to buy his family a home is an artful bit of sophistry, but it won’t fly.
You weren’t just exaggerating your income; you invented an income when you had none. You weren’t buying a home to live in; you were speculating on multiple properties, living in none, and lying to your lenders as to the purpose of the loan. And you did this simultaneously on multiple properties in multiple states so that lenders would not see existing loans on your credit record.
You did not stretch the truth a little to make ends meet; you shattered the truth. And you did it in a premeditated and knowing manner. You are not the innocent victim here; you are the perpetrator. You committed fraud and you know it.
It’s nice that your site traffic is unaffected, but as posters to Robert’s site have noticed, you are getting a lot of visits from law enforcement agencies and lenders. Does this not concern you at all?
As for your fantasies of buying apartment buildings: give it up already. You are indulging yourself in a belief that you still can be a successful investor, that you can still dig yourself out of the hole if you just find the right sweet deal.
The reality is: you’re played out. You cannot double down again. You have no assets left; you have no credit left; you have no credibility left. Your track record of finding good deals has been disastrous. You lack organization. You procrastinate. You get distracted. You ignore reality in favor of fantasy.
It was asked before, but again: why would anyone lend to you? You have shown no capability to repay any of your debts. Why would anyone invest in you? You have shown no capability to generate any return; you have lost money hand over fist. So again, what do you bring to the table?
Oh, right: connections. Well, that hasn’t worked out so well for you either, has it? You’ve blown every relationship that’s magically fallen into your lap. Local Rich Dad? History. (We haven’t heard from Dustin in a while either, have we?) East Coast Mentor? You blew it. Kiyosaki laughed at you. No Limits Ladies tried to take you. The “university” found you so toxic that they forbade you to name them. Your unprofessional behaviour had Amy drop you like a stone. The trial sponsorship from Duane LeGate didn’t work out. (Why? He said the deal-killer would be if you lied to him. Did you lie to him?) Chris has faded out of the scene. (Is he still paying you? What’s his connection to the “university”?) Hell, even Nigel Swaby, who has long been sympathetic and supportive of you, has run out of patience.
Good things are not coming. There are no opportunities left. Oh, I’m sure you get a lot of email. But this is the vultures circling. Because one thing you have proved for sure: you’re the ideal mark. You are highly impulsive and highly suggestible. You will follow any fad: personality analysis, wheatgrass, fasting, veganism-with-the-occasional-burger; you will pay through the nose to follow any guru; you will happily sign legally-binding documents without even reading them, let alone having an attorney read them. They all saw you coming. They took you. And they have taken everything you have. You’re played out.
So maybe it’s time you listened to the haters. Maybe it’s time you realized: real estate is not for you. You’re no good at it. You tried; you failed. Give it up.
February 18th, 2007 at 5:39