April 13th, 2007 4:16 am
Short Sale, After Foreclosure, Book, GSPG, Etc.
Man… last couple of days I’ve been jumping all over place… book, no book, partial book, crazy ideas, comeback stories, getting swayed by different people… I’m being too impulsive again!
I think I need to come back down to reality and give you some updates:
My last facing foreclosure property in Modesto, CA:
Short sale approved by first lender. Waiting on second to approve. Buyer is ready to close once we get approval. I hope it gets approved and closes quick…
Sacramento-area homes after foreclosure:
Larchmont property that I lost to foreclosure is now bank-owed and was put back on the market for $199K. Amazing! They could have taken a short sale at $220K AND I was willing to sign a $50K note on top of that! Oh well, their loss.
Burdett property that I lost to foreclosure is back on the market for $236,900. Again, they should have taken the $240,000 short sale offer. Yeah, with the seller concessions the offer was more like $200,000. But hey, if you’re the bank, wouldn’t you rather take $200K rather than take your chances on a declining market? I don’t understand it.
Mr. Banker. Short sale, GOOD. Taking property back, BAD. Oh well, just give it a little time. Lenders will be giving houses away soon. Get your credit lines ready to buy at the bottom!
Timing the Real Estate Market: 
Speaking of bubbles. I was at Sacramento Real Estate Investors Associations tonight (Thursday) and I saw Robert Campbell the author of Timing the Real Estate Market. It was the second time I saw him speak. Last time was back in summer of 2005. Everything he predicted is coming true.
He actually recognized me from all the media and bubble blogs. That was kind of cool. Robert happens to be a fan of the HousingPanic blog. I told him that blog was pretty much what put me on the map. We talked about how I’m the “poster boy” for everything he talks about in his book.
I suggested he make a video and post it on YouTube or something. Robert’s system for predicting the direction of the RE market is awesome and he is a very dynamic speaker. The timing is right for people to actually accept his message (though it’s a little too late). I think he is seriously under-utilizing his marketing potential.
Letsee, what other open loops are there… oh yeah…
Called the old lender, new lender and escrow company servicing the payments. Explained everything again. It appears that the title company or the agents screwed up at the creation of the wrap. The loan was one payment behind from the close of escrow. Meaning, there was not enough money brought to the table to completely catchup my underlying mortgage.
The title company also screwed up because the note says the loan is now due because the 6 month balloon was up in February. However, the purchase contract states we have a one year balloon. That’s why I suspect they also screwed up on getting the correct pay-off amount from the lender.
I’m kind of tired of trying to strengthen this deal out. Can’t I just ignore it? What can one missing payment do? The buyers have the property back on the market and stand to make a pretty penny. Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost. Or I guess I can try to argue with the title company about it and see if they are truly the ones to blame. If I have to.
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?
My Book:
I think the “It’s Official” post created some unnecessary speculation and was misleading. I don’t actually have a book deal from a publisher, yet. I am talking to a well-known publisher via a book agent and they seem very interested in doing something with me, including doing an advance of some kind. Too early to tell though.
At the same time, I’m talking to a group that specializes in internet marketing, ebooks, info-products and self-published books. The team is in place to do something and I have some sources of funding for upfront expenses. We’re still talking though.
With that post, I just wanted to officially announce that I want to do a book of some kind. Then I got worked up by some of you haters trying to shoot down my credibility of writing a book. Hence the last post about doing a comeback story.
Yes a crazy comeback story where I miraculously pay off my debt would be very cool and a big blessing. But at the same time I need to be realistic. Monetizing the blog by helping people with foreclosure is probably a better long-term strategy for getting back to financial solvency. Writing some kind of a book or coming out with some info products to help people in foreclosure is a very good idea. I have a lot of lessons to share regardless of how many foreclosures I avoided.
Maybe I can still do some crazy unrelated comeback idea at the same time. As an entrepreneur you gotta “throw mud at the wall” sometimes to find what sticks, right? The power of intention and law of attraction is an amazing thing.
As always, stuff is up in the air. Sorry for all the confusion. I tend to think out-loud. If you haven’t noticed by now.
Oh and…
GSPG stock:
Hey guys, some of you enjoyed my sense of humor with my April Fool’s post where I bought 1.3 Million Shares of GoldSpring (GSPG) stock. Some of you didn’t. Some of you are dying to know.
What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.
Keep your eyes on GSPG and MYNG and gold/silver in general. Man, I wish I had some cash right now.
141 Comments
April 12th, 2007 at 4:42 pm
I went to bed late as usual watching nightline, and that how I heard about you. Although they did not broadcast your story I was intrigued enough to call the station and get some info to do a web search. I must say amid all the stuff you are facing I am very impressed. Perseverance rises above all stuff. I’ve been trying to get into the real estate investing game for years but fear of the unknown put me in the back seat–and I was honest with my lack work history. Another thing, it takes money to put up a website and pay for it. You have a few sites, people are sending money…do you think you could put up a website for me. I have products I want to sell in order to raise capital for my RE investing. I can’t compete with ebay’s insertion fees. Well you asked, so why not me. I hope to hear from you. Thanks
April 13th, 2007 at 4:27 am
You write well, so good luck with the book. You might want to play a bit on the irony of you offering financial advice - no disrespect, but it should be good for a chuckle.
April 13th, 2007 at 4:34 am
Here’s a good investing question Casey. You think that GSPG and MYNG would be great buys right now. Why?
Seriously! Maybe you could build a little credibility by explaining how you came to that comclusions.
Many people (myself included, unfortunately) think that you simply overhear things, or read a newsletter or recieve a bit of spam, and think that you’ve found the next great thing, without doing the smallest bit of research. Prove us wrong and show us the figures that make you believe these penny-stocks will gain value.
April 13th, 2007 at 4:50 am
Basically, here is what I got on GSPG:
They are an operational mining company that was trading at over a dollar at one time. Then they were in litigation for the last 2 years which brought their price down to 1/3 of a penny. Two weeks ago the case was settled. Now we’re about to get a report on their financials. When people see that this company is still strong the price should steadily start climbing back up to where it was before and surpass it since gold is trading higher now.
MYNG is another good pick and should have some good news coming out soon. They are getting ready to launch their operations in Bolivia and they have The Washington Group backing them. Enough said.
By the way, if these stocks don’t perform the way I describe don’t be hatin’ on me. I’m just giving you my two cent’s worth. (In the case of MYNG, literally)
April 13th, 2007 at 5:15 am
1. You’re trolling us now. Baiting the haters in an effort to keep the post count up.
2. Whoever wrote this blog post was certainly NOT Casey. It’s a ghostwriter…
April 13th, 2007 at 5:19 am
I bought some physical silver a couple years ago at about $7.40 an ounce. I could sell it all right now and make about an 85% return on it. I’m not going to, however, because the US dollar has a lot of falling to do from years of Greenspan and Bernanke inflating the US money supply. When hyperinflation hits, the inflation-proof currencies (gold and silver) are going to retain their value relative to the dollar (meaning that they could be worth thousands or millions of dollars…remember the wheelbarrow load of Deutsch Marks to buy a loaf of bread in post-war Germany? Same deal). However, buying penny stocks of companies that are failing in this huge precious metals bull market is not what I would consider wise investing in the PM market. Which makes sense because it is the route that you would pursue if you hadn’t failed so miserably in the real estate market.
I’m not going to bite at the copius amounts of hater-bait you laced this post with except to say this…everything about that Utah payment is 100% your responsibility until the loan that you took out is paid off and closed out.
April 13th, 2007 at 5:21 am
Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation) there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. I have learned a deep respect for one of Goethe’s couplets:
Whatever you can do, or dream you can, begin it.
Boldness has genius, power, and magic in it. ”
– W.H. Murray, The Scottish Himalayan Expedition
April 13th, 2007 at 5:26 am
#6. Yours Mind and Hours… that’s a good quote and great advice! My problem is I begin stuff but don’t always follow through. The lack of commitment is something I need to work on for sure. I’m glad I’ve stuck to my marriage for this long. Perhaps that will teach me to commit in other areas.
April 13th, 2007 at 5:28 am
Casey,
if you begin stuff but dont follow through, what makes you think anything you do youre going to succeed in. you HAVE to follow through
Early Riser? Trash? If you cant get those things right, why do you think you can make 2million in a year? or something redonkulous like that.
Just silly
April 13th, 2007 at 5:29 am
I’m selling all gold and converting to cash. Casey gave me the willys and now I’m bettin gold tanks and dollar soars up now. Thanks Casey. Everything you touch goes to crap so I wont be near anything your suggesting.
April 13th, 2007 at 5:51 am
Maybe you should look into Global Tel Wireless. I heard a rumor that they are looking to revolutionize the wireless industry. You could research it on fool.com (I think the website is truly appropriate).
Bill
April 13th, 2007 at 6:10 am
“What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.”
Short-term (under 5 years) needs:
High-yield savings accounts. Currently earning a hair over 5%, fully guaranteed.
Long-term (over 5 years) needs:
No-load mutual funds with low expense ratios, mostly from Vanguard. I don’t actively trade them back and forth, and none of them speculate in precious metals, oil, or real estate. While this is probably too terribly boring for you, I’ve gotten excellent returns over the years using this strategy, with much less risk than investing in one or a few pieces of real estate.
I’ll address your concerns in order:
“…wisely…” - I don’t listen to gurus and only invest with money that I’ve saved, not money that I’ve borrowed.
“…with the dollar going down…” - I own international and emerging markets mutual funds–these make an excellent hedge against a falling dollar, without having to directly speculate in currency. In the long run, the dollar will eventually go up again. I don’t predict when that will be or otherwise attempt to time the market.
“…the real estate crashing…”
I don’t own any real estate right now. I will probably buy a house in the next year or so. I have enough for at least a 20% down payment in my short-term savings. Thankfully, I live in rural flyover country, in an area which was largely unaffected by the real estate bubble. Even if I didn’t, it wouldn’t greatly affect my decision to buy a house for personal use, but it would be more difficult to come up with a 20% down payment.
“…and the war about to break out…”
You lost me on that one. What war? War is good for the economy (bad for world peace and bad for the people fighting in it, but we’re talking about investments, not humanitarianism).
April 13th, 2007 at 6:16 am
Casey,
I am facing foreclosure. Can you help ? Where do I go for help ?
Let me know if your coming on that ship Casey. When you see it in the news don’t say I didn’t warn you!!
Loads o Money
April 13th, 2007 at 6:17 am
“I’m kind of tired of trying to strengthen this deal out.”
Tell us what you did to sort this out, when and how much time you spent on it then.
“Can’t I just ignore it? ”
Why not? Seems normal practice in your “business”.
April 13th, 2007 at 6:20 am
Pure trolling. Telling Mr. Banker what to do? Asking ‘Can’t I just ignore it?’.
That’s why I’m here and you are there. You are a looser and you will always be a looser.
April 13th, 2007 at 6:24 am
Casey, I know you will not even consider what I have to say, but I want to say it regardless: stay away from penny stocks. I have 8 year of active trading experience starting in 1999, work in the industry as a Fixed Income Analyst and have a professional credential (CFA). You are currently a stage 1 investor, and remind me of myself when I started out: you read something somewhere about a stock or commodity, it makes sense to you and so you’re ready to invest. Grave mistake! Don’t EVER let a “story” convince you to do an investment. There is always two sides to ANY “story”. If you don’t do your due diligence to find out the other side it does not mean that it does not exist. If you start doing stock investments like this you’ll be toast with 100 % certainty.
Dude, get away from these stupid get rich quick schemes. I know you think you need to get rich quick because of the mess you’re in, but you’re just making it worse! Forget all these forecasts of gold and silver and commodity price movements, no matter how many PhDs repeat them on TV. Take it from me: nobody, I repeat, NOBODY has a clue how the financial markets really work. Not even I. Thatswhy you have to hedge your bets as much as possible because no matter how much research you do, anything can blow up in your face anytime for either known or unknown reasons. Your penny stocks cannot be hedged, so don’t throw away your money on a very, very naive bet.
April 13th, 2007 at 6:25 am
“”Man, I wish I had some cash right now.”"
If you had some cash you would just blow it anyway. Casey, you are talkimg high finance and the stock market like you have a formal education in that field.
Get real, go back to school and major in accounting and finance.
April 13th, 2007 at 6:38 am
Hey Casey,
“Larchmont property that I lost to foreclosure is now bank-owed”??
Talk about your Freudian slips!
April 13th, 2007 at 6:47 am
LOL your subpenny stocks are probably facing foreclosure as well. You obviously know nothing about daytrading and choosing subpenny stocks is no wonder from you. You hope finding a tenbagger… Avoid penny stocks which are favored by stock spammers.
Try investing in a RE collection company, it’s probably gonna be worth it this year !!!
ASW : loose (for sure dude !)
April 13th, 2007 at 6:48 am
I like the quote “I’m not the detail guy”.
You’re not a detail guy?
Then what better business for you to be in than real estate, bank loans, second-bank loans, contracts, and all this paper with all these numbers. Ha ha ha. Honestly, if you are not a details guy, you will never be a “mogul” (ASW).
April 13th, 2007 at 6:49 am
“Monetizing the blog by helping people with foreclosure is probably a better long-term strategy for getting back to financial solvency. Writing some kind of a book or coming out with some info products to help people in foreclosure is a very good idea.”
I happen to have (1) recently published a book by one of the largest U.S. publishers (John Wiley & Sons) and (2) have a very popular blog which has advertising on it.
Let me assure you, neither of these things can provide the cash to save you. The advance on the book was $15,000, and the blog throws off maybe $150 per month.
So don’t expect a book or a blog to be your financial saviors.
April 13th, 2007 at 6:54 am
“I was willing to sign a $50,000 note.”
Uh, what are you talking about? You DID sign a note. Just because in your delusional little world you can disregard contracts at will doesn’t mean it works that way here.
You owe Countrywide fifty grand, Serin. Pay up.
April 13th, 2007 at 7:07 am
You are coasting along here.
You censored my comments!
April 13th, 2007 at 7:07 am
Nice writing, Nigel.
April 13th, 2007 at 7:10 am
You crack me up Casey!
April 13th, 2007 at 7:13 am
Wow. Now Casey’s a goldbug. Now I know gold has reached it’s peak, and will soon come down. Thanks, Casey. I can always learn something new from you.
Instead of investing in gold, stocks, and other things you have no aptitude for…. you should keep investing in the Casey brand. Write that book. Keep doing more interviews. Keep trying to turn your infamy into something you can sell.
April 13th, 2007 at 7:14 am
HI CASEY!
Remember when you said that you get a bunch of e-mails from people facing foreclosure? Since you are such a humanitarian and have helped out many…
CAN YOU PLEASE POST A SUMMARY OF JUST THREE PEOPLE WHO HAVE E-MAILED OR CALLED YOU FOR HELP?
Thanks Case!
April 13th, 2007 at 7:17 am
@VOICE OF TRUTH… posting emails for people facing foreclosure and how I’ve helped them is a good idea. I will start asking for permission from every new request that comes in. This way I can start brining the “helping” part of my story to the blog. That can benefit others and you can also help provide some tips for these people. Good idea
April 13th, 2007 at 7:17 am
Sure Mr Campbell did not recognize you by the man purse ???
So it sounds like you are going to stiff the folks in Utah too? “oh they will make lots of money”. Man I never have seen ANYONE rationize like you. You are causing carnage to everything you touch. Surprised you didn’t think to charge them a birddogging fee for finding such a sweet property for them.
The government ought to send you to Iran as a secret weapon. Give you 2 million dollar line of credit and watch you destroy their economy in days similiar to the movie “Spies like us”.
Casey, you truely are a piece of work..
April 13th, 2007 at 7:30 am
Hey Casey
I’m glad to hear that you are taking the time to do the book correct. It is so true that people love a great comeback story. Now when it comes to the wrap situation don’t give up. Keep hammering away at it until the problem is correct. Eventually it will all work out, but make sure to stay on top of it.
April 13th, 2007 at 7:32 am
“This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?”
That’s the right attitude for being a successful entrepreneur!
April 13th, 2007 at 7:40 am
“…I don’t actually have a book deal from a publisher, yet. I am talking to a well-known publisher via a book agent …”
You have nothing.
No book deal.
No money.
No income.
No “plan”
(Dreams/ wishes/ delusions are not “plans”)
April 13th, 2007 at 7:41 am
Casey,
You understand this is a down market but i’m not sure you understand how long bear markets last. Look at different industry index charts and you will see that over a full cycle a bear market always lasts at least 1/2 the time that the previous bull market lasted. That means that the 20 year bull market we have seen in real estate will produce at least 10 years of bear market activity. So don’t expect to make much $ flipping houses or investing in that sector. Time to move on.
Derek
April 13th, 2007 at 7:52 am
“Monetizing the blog by helping people with foreclosure is probably a better long-term strategy for getting back to financial solvency.”
Mr. Serin!!! I think I told you to do this about 2 months ago.
Monetize Your Site is highly recommended. Since it’s steady money in your pocket every month paid by a flat rate from advertisers, no worry about click fraud! Plus, you get $100 worth of free ads using that link. Thank me later Mr. Serin.
AdBrite also runs on a similar concept.
April 13th, 2007 at 8:11 am
The Secret and laws of attractions - you have attracted so much negativity that you will surely get what you do not want. Bankrupt, broke, going nowhere, divorce - these are things that have become the focus of energy on this blog. Those are the things you will reap.
You have a positive attitude for yourself - or you seem to - but I’m concerned that is all part of your manic depression and the mood swings. You should see a doctor. All this gambling with your money and yours & G’s lives is a symptom of that depression.
ASW: whatdebt.
Your debt, Casey.
April 13th, 2007 at 8:19 am
Dude, you’re the detail guy too, even if you don’t like it. Get that wrap sorted out, as if it’s not taken care of, and they put a lien on the house, the new owners are likely to get a little surly, and the last thing you need is litigation.
You need to be honest with the new owners, and get everything sorted out in an honest and straightforward manner, as ignoring it won’t make anything go away.
April 13th, 2007 at 8:19 am
[blockquote]There is no pleasing you. You think everything I do is a scam. You’re quick to judge and you don’t know even the half of it!
Have you been in my shoes? Are you a business owner, or investor or entrepreneur? What qualifies you to give me advice? Why should I listen to your negativity?
Yes, perhaps I have not been very good about explaining things or I have given you partial information. I need to get better at that. But still, why do you have to jump to conclusions? Don’t you see that I’m naked here and trying to make something out of my situation…
What do I have to do to get support around here?[/blockquote]
So now you’re going for the laughs. Good for you. You might as well provide some entertainment value for the oxygen you’re consuming.
We think you’re foolish, yet we “don’t know the half of it”? What does that tell you? Everything you do IS an attempt at a scam. What do you call buying eight houses at once without a job or any income?
To begin with, you’re NOT “a business owner, investor or entrepreneur”. You’re a stupid kid with entitlement issues who’s too stupid to know how stupid he is, yet somehow has avoided being put in a group home (probably because you found someone to sponge off of before she knew you better).
As for why you should listen to us, it’s precisely because we’re NOT in your shoes. Most six-year-olds know it’s wrong to lie and steal. Most ten-year-olds know that if you borrow money and don’t have a job or money to repay it, they come and take your stuff.
Trying to “get support” (what the hell does THAT mean?) from strangers on the internet is so completely irrelevant to your situation that I wonder if you’ve set up this whole site strictly to prove your insanity at the trial.
You drank the Kool-Aid. You believed the liars who said you can get rich without effort as long as you BELIEVE (and give them money). You refused to open your mail and handle the problem; in fact, your creation of the problem in the FIRST place is why you’re not getting the sympathy you crave.
A normal, impulsive kid might buy a house to live in, be unable to make the payments, and get foreclosed upon.
Who gets loans for eight houses at once? People who are ALREADY billionaires and can make the payments. Or lunatics who think the world owes them a living, and that if they think happy thoughts and clap if they believe in fairies they’ll wake up from the nightmare and be in a mansion.
Admit that you have manic episodes, go to the doctor and start taking the medication you so desperately need. That MIGHT help with the insanity plea when you go to trial.
Admit that you did something WRONG. And that it’s ALL YOUR OWN FAULT. And that you’re not going to DO THAT ANYMORE, and that YOU HAVE LEARNED THAT YOU CANNOT GET SOMETHING FOR NOTHING and are willing to do the WORK like everyone else on the planet.
Admit that you were STUPID to think that you had it all figured out, and to think that you were smarter than all those people who said “Don’t buy eight houses at once without a job, Casey.”
You show no remorse and no desire to learn the real lesson here, which is that you DON’T KNOW ANYTHING and should do something DIFFERENT. THAT is why we come to vent our spleens on you.
Idiot.
April 13th, 2007 at 8:22 am
Hey Casey,
I saw this little fable somewhere in the last few days (maybe even here) but I am going to repeat it because it fits your situation perfectly:
—————–
A man is caught in a terrible storm and the flood waters were rising quickly. A neighbor down the street drives by with a 4×4 and offers help.
“No thanks, my God will save me!”
The flood waters rise some more. The water is now up to his neck when a boat passes by. The man on the boat offers help.
“No thanks, my God will save me!”
The waters continue to rise. The man is force to climb on his roof to escape the waters. A helicopter flies over and the pilot offers to save him.
“No thanks, my God will save me!”
The waters rise even more and the man eventually drowns. He goes to the pearly gates and asks God, “Why didn’t you try to save me?”
God says “I did. I sent you a 4×4, a boat and a helicopter….”
————————–
Think about it, Casey.
Take care,
Roberto
April 13th, 2007 at 8:27 am
Uah payment. The reason the balloon is due is because you are 6 months late on the payment. You cannot completely ignore the Utah payment, but you can get the buyers to talk to the lender.
THIS NEEDS TO BE DONE. The late paymennt has generated overdue fees and interest that they will not be happy about. Unless you can come up with the payment and the penalties, they are going to have to absorb them. That is a fact of life. They will also have credibility in dealing with the bank that you do not have.
If they do not talk to the bank, the bank will foreclose and they will not even hear about the foreclosure until the new owners show up. If this happens, there is not a jury in the land that will hold them responsible for what they do to you.
April 13th, 2007 at 8:28 am
[blockquote]I’m kind of tired of trying to strengthen (sic: I assume you mean “straighten”) this deal out. Can’t I just ignore it? What can one missing payment do? The buyers have the property back on the market and stand to make a pretty penny. Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost. Or I guess I can try to argue with the title company about it and see if they are truly the ones to blame. If I have to.
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?[/blockquote]
You’re absolutely right. Why, indeed, should we “have” to do work we’re not suited for?
I’m not the “laundry” woman, I’m the “let’s have fun and play on the swings” woman. I’m not the “cook supper” woman, I’m the “fend for yourself, there are crackers in the cupboard” woman. I’m not the “help with homework” woman, I’m the “let’s think happy thoughts and make that grade come up by magic” woman.
Idiot.
April 13th, 2007 at 8:29 am
I have a lot of lessons to share regardless of how many foreclosures I avoided.
>
When?
>
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?
>
God isn’t in the details.
>
What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.
>
High yielding savings account, bonds, foriegn investments, no-load market mutual funds.
>
Keep your eyes on GSPG and MYNG and gold/silver in general. Man, I wish I had some cash right now.
>
Penny stocks are scams, both companies have negative assets, banks and hedge funds won’t touch them with a ten foot pole.
April 13th, 2007 at 8:30 am
P.S. You need to allow real time moderation. No one will actually defend you, but the various factions of haters will have a great time debunking each others theories.
April 13th, 2007 at 8:50 am
Casey,
“You really need some help. A regular psychiatrist couldn’t even help you. You need to go to, like, Vienna or something. You know what I mean? You need to get involved at the university level, like where Freud studied, and have all those people looking at you and checking up on you. That’s the kind of help you need. Not the once-a-week for eighty bucks, no. You need a team. A team of psychiatrists working around the clock, thinking about you, having conferences, observing you like the way they did with the elephant man. That’s what I’m talking about, because that’s the only way you’re going to get better.”
quoted from seinfeld.
April 13th, 2007 at 8:58 am
39. lurker
Uah payment. The reason the balloon is due is because you are 6 months late on the payment. You cannot completely ignore the Utah payment, but you can get the buyers to talk to the lender.
Everyone seems to be concerned about a payment, that’s what — maybe $4,000 including late fees?
Seems odd to me considering that -all- of the payments you didn’t make on mortgages and credit lines in the past 6 months are well more than $100,000. (Note: That’s not total debt, just the total of all the payments you didn’t make)
So here’s what you do. Call the Utah owners and tell them you want them to sue you. Be persistent. You can even offer them money to sue you as I’m sure the haters will contribute to this cause.
But because the amount is under $5,000, you insist that the Utah owners sue you in small claims court — AND that both of you agree to have the case “settled here … in our forum … The People’s Court.”
Actually, I’d go for Judge Judy as she’s more likely to give you the a** kicking the haters perceive you deserve. Make sure you say something stupid so Bert can chime in.
Can you imagine the publicity? Judgement will certainly be for the plaintiff, but you can keep your media/PR plan in gear.
The Utah buyers get their payment cleared up. You get at least several blog posts worth of material. I’d say that’s a “sweet deal.”
April 13th, 2007 at 9:04 am
Details,
If the details are wrong something will fail. If you are unwilling to do the detailed work you at least have to understand it so that you can check that it was all covered.
If all you want to do is wave your hands and have someone do all the work. Think that this person who does all the work could quite capably do it without you waving your hands. You have to add something to the picture to make it work and to make this person want to work with you.
Right now it looks like you are spending cash and people are working with you because they get a share of the cash. Think about it, all these agents get the cash on the transaction, they do not care about completion or final results. The final results land on you. You are not using these people to get things done. They are using you to get your cash and for you to be the fall guy.
If you are fine with paying people to work and do the details it can work. But you have to understand and manage the relationship, you have to make sure the details are covered to the point nothing goes wrong after the agent is done.
April 13th, 2007 at 9:14 am
#37 Cara:
BRAVO!
Now YOU, I believe, could write a book!
SN
April 13th, 2007 at 9:16 am
Wow. A glimmer of change. The slightest perceptible acknowledgement of reality. Keep at it Casey, you ALMOST wrote a couple of pages without talking about the next “sweet deal” thats going to save you!
But then you said
“This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?”
And it was lost. Back to old Casey, the one unwilling to do anything once it gets difficult. Detail guys make money. Ever see Office Space? “But I talk to the customer!!”
Then you get to GSPG..
“What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.”
And you went beyond the Lazy Casey, back to the Lying and Scamming Casey. The GSPG issue is whether you ripped off a bunch of your readers, your potential source of income should Lazy Casey go away and you get around to making money on this blog. The way you avoid the question makes it seem even more likely you bought the stock.
If you can hold on to the Casey at the top of the post (you know, admitting reality exists and has to be dealt with) you might come through this. The Casey at the bottom of the post should rot in prison. Your choice.
April 13th, 2007 at 9:18 am
#16 is your best advice today.
April 13th, 2007 at 9:24 am
“What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.”
Oh don’t worry about me, Casey. I’m quitting my job, buying houses I’ve never seen like an idiot, lying on every form I have to fill out, running my credit cards to the max, and not opening my mail. Sweet, awesome, win-win, it’s all good, etc.
What is more important is what are YOU doing to pay back the money you owe. This site is about YOU, remember?
April 13th, 2007 at 9:34 am
-
“Reorganizing can be a wonderful method for creating the illusion of progress while producing confusion, inefficiency, and demoralization.”
April 13th, 2007 at 9:37 am
Casey,
I totally believe you can pay down your debts eventually.
Unfortunately, eventually for you means when your 40.
April 13th, 2007 at 10:01 am
i’m sure your book will be “sweet”
April 13th, 2007 at 10:06 am
So now we get to watch a failed real estate investor fail at public stock investment.
April 13th, 2007 at 10:07 am
Dear Mr. Serin,
We can begin work on your book as soon as we have received your first payment. While we certainly appreciate the impressive talent you have shown us, company policy requires us to ask for a small advance payment.
Yours in Success,
Robert Foxworthy,
Managing Editor
Vantage Press, Inc.
April 13th, 2007 at 10:08 am
“It was the second time I saw him speak. Last time was back in summer of 2005.”
So did you ignore his advice back then, or was his advice the cause of your 37 foreclosures?
April 13th, 2007 at 10:11 am
You want to write a book. How is that official? That’s not even anything new.
How are you defining hate?? I read through most of the comments and I honestly don’t see much hate. I really, really don’t. If someone says you don’t have the credibility to write a book, that’s not hate. That’s someone’s judgment, someone’s opinion — you know, the stuff you ask for. Just because you don’t agree with it doesn’t make it hate!
What if the publisher comes back and says the same thing. Are they hating? They make judgments based on their experience as professionals. We’re making judgments based on our experience as book consumers.
If we’re buying a book, especially on a critical subject like personal finance or our home, credibility of the author is paramount, whether you want to face that or not.
I could see you being interviewed for a book on foreclosure, maybe writing a chapter or two (”Don’t let this happen to you”), but nothing more than a co-author, a foreword or introduction writer. And that would dilute your cut (if any!) even more.
What you do have credibility to write is a memoir, as I mentioned before. You have a unique story (thank god). But you can’t just toss grenades. You’d have to explain all those details you hide from us. And after the fallout from James Frey, it would all have to be true. No fudging. People check the details now.
And of course that opens you up to prosecution even more. Are you willing to write the followup in prison?
I’ve been called a hater. Please point out what in this post constitutes hate.
April 13th, 2007 at 10:21 am
Casey,
Stay the course, get this book thing going. You have that line of credit use it to push your book. If these publishers need some money up front from you give them all you can it shows you’re committed to this thing. Don’t file for bankruptcy if you do the web site falls along with your only real capital which is PR. Take your time on this book thing it’s important that it succeeds so don’t rush it, if it is between making a deadline and perfection shoot for perfection. Put off this foreclosure website stuff until you get your book published, the book will prop up the website and you can charge more to link from it.
Keep living the dream
-Roger
April 13th, 2007 at 10:25 am
casey,
a book deal will not bail you out, if for no other reason than this: it’s excruciatingly clear you haven’t learned a darn thing from your recent experience.
oh, it’s clear you *think* you have–but your “intentions” are really the same–make a ton of money as easily and quickly as possible, preying on the misfortune of others and pushing ethical and moral boundaries as far as possible.
you speak of “intention” and “law of attraction”. fine–say aloud your intentions as much as you want, but the consequences will, eventually, have to be dealt with. guaranteed.
April 13th, 2007 at 10:40 am
“I’m not the detail guy”
but everyone else who has or had a contract with you had a “detail guy” check it or write it.
I bet judges are “detail” guys, all the ones I’ve come across are.
I don’t know how balloon payments are written into mortgages there, but is it possible to bring forward the balloon payment date in the event of missing payments or does the balloon plus missed payments, interest, penalties all become due at the one date ? Anyone help me on understanding that please?
April 13th, 2007 at 10:47 am
Casey,
Came across this interesting pc of info relative to graphing the real estate market historically all the way back to 1890.
I think all of us can look at this and realize that history will undoubtedly repeat itself and trends last only for only a short
time period. Link is: http://generationrisk.blogs.mo...../#comments
Also if you are really going to do something in real estate moving forward you need to learn to actually improve or fix houses by yourself. I have never seen a post by yourself stating that you have the actual capability to fix things in a home. As an owner of 3 properties I can tell you that this is
one of the undocumented keys to successful real estate investing. If you have to hire someone to do all of the dirty work alll of the time you will end up costing yourself hundreds if not thousands of dollars in extra expenses that you could have saved by doing things on your own. Houses
do not go up in value just by sitting there they must be worked on or improved in order to be attractive to a potential buyer. Maybe you should document on your properties the actual improvements you made to each as you attempted to flip (err… dump) your properties.
Your site and commentary are entertaining and I wish you luck moving forward.
April 13th, 2007 at 10:47 am
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?
If you’re not a detail guy, then you’re in for a whole world of pain if you try to write a book - an activity that is all about detail. Brain-numbing, will-to-live-sapping detail, usually with scary deadlines attached.
That’s if you do it properly with a reputable outfit. Of course, you could always vanity-publish, but that means it’ll be a racing certainty that the end result will be poorly written, carelessly edited, abysmally structured and almost totally useless for anything other than contributing yet more to your debt pile.
Trust me on this, Casey - unless you strike it lucky with an instant bestseller (and the odds against are overwhelming), writing books is not the way to your fortune. Even talented writers struggle to earn much above the national average.
April 13th, 2007 at 10:55 am
@ 38. It’s All Good [in previous “give me love” thread] said:
… I hope you read this and are in a mental / emotional state to understand it before you go to sleep tonight. If not, I fear Caseyworld resets every night - tomorrow you be off another issue.
Wow - did you ever call that right! He’s bouncing around like a pinball (or, his ghostwriter is).
April 13th, 2007 at 10:55 am
Casey - I think I’m about done here. It’s getting sad watching your desperate trashings.
April 13th, 2007 at 10:55 am
“I’m not the detail guy, I’m the ideas and connections guy, remember?”
You need to learn to do everything for yourself. Then if you ever get successful at anything, at that time you can delegate tasks. Ignoring the details is one of your core problems.
Frankly, your ideas have been horrible and produced bad results. Your connections haven’t really done anything except waste everyones time.
April 13th, 2007 at 11:01 am
I saw a really insightful comment, actually on one of the “hater” sites! — Instead of writing a book on foreclosure advice (where you arguably have little credibility since you only have 1 slightly-botched wrap and 0 successful short sales) — why don’t you write the book: “What the Gurus Don’t Tell You”? It could be to the Real Estate Investing World what the “Missing Manual” series is in the PC/Mac world. Get into how things can easily snowball, the seductive adrenaline rush of “doing deals”, how over-stating income is ILLEGAL and the dangers of cash back at close (Did the gurus ever give time to this “bad news”/how to do a reality in realty check?). You could provide specific, solid numbers on why out-of-state fix-n-flips are so bad (you’re tabulating these expenses now anyway), also, why people should form corporations, how to identify quality gurus vs over-priced hucksters, etc (in general terms, without naming names if you choose not to).
You probably think a book on foreclosure will be especially timely in the next year or two… but after the bulk of foreclosures work their way through the system, it’s what comes after that - another wave of real estate speculators coming in since they think market has “bottomed out” - those are the people you can help. It would be a story of “look what happened to me, don’t let it happen to you”. You have instant credibility with this. It’s similar to what Jerome Mayne has done without the convicted criminal stigma.
April 13th, 2007 at 11:06 am
So you still have not resolved the Utah payment problem. It won’t go away by ignoring it and the amount owed will continue to grow. Yes, call the people in Utah and keep them informed of your perfidy.
As a self employed entrepreneur ( I am asking the community for forgiveness in using those terms) you not only need to be the detail person but the trash to the curb person, the delivery boy person, the follow up person, the opening the mail person, the paying the bills person, the going to the bank person etc. etc. etc.
Get it?
probably not.
April 13th, 2007 at 11:08 am
Just read the link from “I see debt people” :
http://debtorsanonymous.org/help/signs.htm
You meet 11 out of 12 of those criteria in full or in part. The only one you don’t meet is #11 - YET !
Please get help before you make it a full set. Are these people near you? http://www.centralcoastda.org/
April 13th, 2007 at 11:27 am
“I’m not the detail guy, I’m the ideas and connections guy, remember?”
Brilliant! Hilarity like this is the reason I come here.
April 13th, 2007 at 11:27 am
Would whoever’s moderating and ghost writing this blog for Casey now please explain to him the difference between “celebrity” and “notoriety”.
April 13th, 2007 at 11:31 am
Now this is something I know about: publishing. You will not become rich by writing a book, and any money you see will be much further down the road.
After subtracting the cost of manufacturing the book and because of the low profit margins on selling a single copy, there is just not a lot of money here. And just because a book has a lot of placement in bookstores doesn’t mean anything: bookstores return unsold books to the publisher all the time for their money back. There’s an old saying: no one every went into publishing to become rich.
Concentrate on a steady income. A job.
April 13th, 2007 at 11:32 am
Hey, Casey, you can self-publish through lulu.com without any upfront money except the cost of the publishing itself. A 200 page book would cost approximately 9 dollars.
Even better, you can get your mom to xerox it for you at the school for free.
Please do publish something. I would love to see what an uneducated immigrant like you comes up with.
April 13th, 2007 at 11:47 am
It occurs to me that once the the foreclosures are all done, you should rename your site
iamfacingemployment.com
Because that is really the issue you are butting against.
April 13th, 2007 at 11:51 am
OK, I’m officially a hater now, which means I’ll be leaving the site soon. Here’s what did it for me:
“My problem is I begin stuff but don’t always follow through. The lack of commitment is something I need to work on for sure.”
AFTER SAYING:
“This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?”
What value will you EVER provide ANYBODY with this attitude? Think hard, and you may realize this is why your net worth is negative, not positive.
April 13th, 2007 at 12:00 pm
Casey,
I am just at the point where I want to see you do something, anything, to get this mess behind you! Write the book, do the self-help site (???), but like Nikey says “JUST DO IT!” Stop talking about it!!! You are definitely a person who likes to spin his wheels so PICK A DIRECTION, and GO!!!! and for goodness sakes, dont stop! Not even for a shiny object on the side of the road! Go CASEY GO!!!!!!!!!
April 13th, 2007 at 12:39 pm
So are you now into stocks?
http://www.icantsellmyhouse.blogspot.com/
April 13th, 2007 at 12:40 pm
Penny Stocks:
Penny stocks are so cheap for a reason. Yes, sometimes they go up but more often than not, they go down. If you’re serious about investing in the stock market, read and *UNDERSTAND* the guys and gals over at the Motley Fool ( www.fool.com ). I’ve made some good money listening to them.
Real Estate/Financial Market:
Echoing what #16 (Market Guy) said, *NOBODY* knows what’s going to happen in a financial market. NOBODY! Don’t give much credibility to someone who says they *do* know what’s going to happen.
Religion/Bible/Etc.
Casey, you got into this mess by being greedy. You thought you could make a killing flipping houses 8 at a time. You were greedy. And, isn’t Greed one of the Seven Deadly Sins? Oh, yeah, and Sloth. Interesting…..
April 13th, 2007 at 12:52 pm
I have written letters several times to serendipity; trying time and time again to help the boy. Yet as the old saying goes: You can’t polish dog crap! So I guess with that in mind I should put my shovel down and leave the Lazy Liar to his own devices. I just can’t help but wondering where serendipity will end up in the future?
Look down there in the water its a filthy emaciated TROLL in the mucky, green slim, sess pool, riverbed fisherman, Penguin from Batman returns, squawky voice with mutated penguin flanges, in search of a drop of discarded Jamba Juice and Starclucks, wearing nothing but his own feces and a manpurse (murse), dreadlocked rats nest hair, foaming at the mouth and mumbling something about sweet bird-dog deals during the millennium living of off have dead six month old fish chum as he baths in the local Storm drain.
Well let me spare you from asking. YES that’s Casey Serin.
April 13th, 2007 at 12:59 pm
Casey where have you been?, Why haven’t you gone to my seminars lately? I haven’t been able to pay my yacht payments cause of you!!! Now you have me upset, Casey please gather $25k and hire me for a private seminar, it will be only me and you!! I will teach you the works this time, and you can buy houses again in no time. This time we will do it under your corp, economy is bad? Who cares? We are playing with the banks money(and innocent tax payers who are the investors) not ours. We can do this again casey.
April 13th, 2007 at 1:00 pm
So NOW you have finally opened your eyes to the nature of the real estate bubble and the declining dollar??
Sheesh kid, you are about 3 years behind everyone else.
April 13th, 2007 at 1:05 pm
Casey:
Let’s hope the second TD holder just gived up and you make the short sale (maybe you can offer him a Jamba Juice so he get’s at least something). How about keeping the property tabs updated so we can see what the bank lost on each home (actual loss + payments you didn’t make).
April 13th, 2007 at 1:20 pm
Casey,
When I read above…….
“I’m glad I’ve stuck to my marriage for this long. Perhaps that will teach me to commit in other areas.”
It reminded me of a conversation I had the other day with a friend.
We were discussing the younger folks of today, and society in general.
This was after we read in the paper about local person we knew of, who did something stupid and criminal……….basically threw there life away for lack of common sense.
or at least, this was my take.
My friend however had a different take.
He said, “Good sense, is no longer common”, and frankly, he makes a good point.
Marriage, even with the declining rate of success in the U.S. (divorces is going up all the time), Marriage, is still supposed to be for life.
The thing is, people like you, and others, appear to think things like this as disposable.
“Ah, well, if it doesn’t work out, we can get a divorce, and I get a ‘do-over’”.
I’ll admit, I’ve been divorced, not by choice.
However, I come from family/parents, who have now been married for 50 years…….and I’m 15 into my last and final marriage.
Why?
Because marriage is for life…..not something to committ to, in order to say “Hey look at me, I made a committment and kept it”.
when I said “I do”, I meant it from the beginning. Both times…….it does however take two, but I digress.
Perhaps you should dissect the thought that lead to that comment, and realize, it shows your overall big picture……..and perhaps why you have failed.
Book deal?
Alright, you’ll make 5 figures, maybe a low 6.
Big deal?
whatcha gonna do with that?
Pay it all to your defaulted upon creditors?
or
Attempt another sweet deal?
It would be easier, to use common sense, er, good sense, even if you have to barrow that.
So, handle the now, every day expenses, learn that a committment means something the minute you make it.
Committment is not something you try, or attempt.
You have certainly become the poster boy for more than a few things with this blog, none of which are good.
I say shut down the blog, sit on the domain, it will sell it you want, or just park it.
and get to work on things that pay…………you are boring us now, and this blog is not paying you, therefore its wasting time.
I’ll not be returning,
Jim
April 13th, 2007 at 1:22 pm
Hi Guys!
You’ll note I was an early riser™ today! I have decided to place my focus on what I have had success with and to ignore the parts of my enterprise sulutions model™ that have had sub-optimal modalities™ In a nutshell I want to channel my successes into a lser-like focus and disregard the rest.
I had a nice meeting with Amy™ the Realtor® this morning. I wanted to patch thing up because she was kindof upset about me putting her photo on the website awhile™ back. It seems some of you haters™ were sending her inappropriate comments. That’s not cool. I only want sweetness™.
Amy said that although property values are down about one-third of one percent and sales volume is about 5/8ths of a oercent behind last year, the continued low interest rate environment still makes now the right time to by™.
We had a deep and philosohical discussion about real estate and life in general. She was saddened to hear about my foreclosures and a little iffed that I didn’t use her for the short sales. She said she had writen me several letters of solicitaion, but I had igneored them.
I tried to explain to her that after I read 101 ways to get organized, and after I started following the suggestions, that I had all of my mail categorized. I told her that I scheduled April 1 as the day to begin opening™ it, but because there was so much (nearly 4 months worth), I hadn’t found a time to start. I left out the part about Cashcall, because I wanted her to think I still had enough juice™ to swing a deal™.
When the meeting was over it was all good™ until she asked why I was driving a Jetta instead of my BMW. She accepted my explanation that it was in the shop getting some sweet™ 22’s™ and spinners. Because of the particular type of wheel I had specified they were on backorder and I was using G’s™ sister’s car. It was all good™.
I feel confdent that she will bird dog™ some sweet deals™ for me. Especially when I told her I was upping my finder fee to $75 ($100 for an apartment).
The book deal™ seems kind of iffy right now. I had no idea that it would take that much time to write (my goal is still to generate passive income™ and not just be passive). To get to 250 or so pages could take a week or longer. That is a really big commitment and I wouldn’t want to let anyone down™.
The corporate credit thing looks promising, but there are so many documets involed. It seems like the most efficient use of my time is to just find the places to sign, sign my signature and get them off my desk. G’s sister has offered to put them in envelopes and said if I had any money in my tip jar™ I could use that to buy postage.
What do you think?
The real reason for my interest in penny stocks is due to their huge growth potential. Look at it this way, if I buy Exxon-Mobil at $77.44 and it goes up $1, that is a return of a little over 1%. But if I buy GSPG at $0.0043 and it goes up $1, look at the huge proft! That would be win-win™. I would make back $1.3 million and me able to pay back the dirty pennies™.
I have spent alot™ of time studying the stock pages (well in excess of 45 minutes yesterday alone), and each and every day there are countless stocks that go up $1 or even more. I see no valid reason why GSPC won’t be one of them soon.
The Utah payment™ is very tiresome. I have expended much energy looking for it and I really don’t feel like looking much longer. I mean, what the big deal with 1 payment? I mean the bank is going toget™, what, 360 of them. Why not just 359 and quit bothering me. I don’t yet have a special investigator of my team™ of highly qualified™ professionals yet™. Darnell™ said he know of some people so he would ask around for me.
So here is the question for you about the book. What length should it be, what topic and should I include pictures?
April 13th, 2007 at 1:27 pm
From Casey:
“@VOICE OF TRUTH… posting emails for people facing foreclosure and how I’ve helped them is a good idea. I will start asking for permission from every new request that comes in.”
Hi Casey- Is there a reason why you can’t post three examples of people in foreclosure that you have helped and just leave out the names and places? It will still be annonymous Boy wonder! Come on Case! You need to stand up for yourself and show the good people of this blog how much you have helped others!
April 13th, 2007 at 1:35 pm
I’m not the detail guy, I’m the ideas and connections
guy, remember?
And that is why you fail.
Ideas are easy, implementation is hard. I get ideas all the time, the ones that I spend the time to work on are the ones that make me money. The others are just day dreams.
Remember the old quote: “Success is 10% inspiration and 90% perspiration”? Let’s map that to your comment… you get ideas (10% of the way there!), but can’t be bothered with the details (90%!!!). You’ll never get anywhere just day dreaming, people don’t pay for that.
You’ve had a number of possibilities that you’ve let slip by. How many times have you commented about turning the blog into a money maker? Any how many of those ideas have you actually followed up on?
And ya wonder why the money isn’t flowing in?
Well, some day you’ll look back and be able to understand.
April 13th, 2007 at 1:42 pm
CS wrote:
> I’m kind of tired of trying to strengthen this deal out. Can’t
> I just ignore it? What can one missing payment do? The
> buyers have the property back on the market and stand to
> make a pretty penny. Maybe I should just call them and
> explain what’s going on and see if they would be willing to
> eat the cost. Or I guess I can try to argue with the title
> company about it and see if they are truly the ones to
> blame. If I have to.
I thought you want to do things legally, ethically and morally? Do you understand what’s ethically and morally correct? By ignoring this issue, you have betrayed your Utah purchaser. Betrayal is not ethical and not moral. I thought you were a child of immigrant? Why don’t you go ask your parents how difficult they had it when you guys moved here first? Ask your parents, how tired they were when they have to get a job so they can put food on the table for you and your family? You could had limited the damage if you had handled this earlier, but you doodled for many months. If you decide not to do things ethicall/morally now (just like how you renegaded on paying back every dirty penny), then do go on ignoring this issue. But you will bring on more haterz.
Also, please don’t use terms like “eat the cost”. That is not a very professional language. You want to be treated with respect? Use more professional language as RK mentioned in his book. Use terms such as “assist with the payment”.
> This doesn’t seem like a good use of my time or the right > task for me. I’m not the detail guy, I’m the ideas and
> connections guy, remember?
This is laughable. This has nothing to do with detail nor idea nor vision. It’s about the right and wrong thing to do. Again, if you wish to cause headache for the owner, by all means, ignore this Utah problems. However, do never ever whine if people question you integrity again. Without taking care of this, you have no moral, no integrity, no ethics. And that wouldn’t be the worst of it. You have connections? then pull some connections and resolve this at once.
April 13th, 2007 at 1:48 pm
this blog is getting boring. every post is an attempt to generate comments. the more ridiculous casey is, the more comments he’ll receive. i’m outta here!
April 13th, 2007 at 1:53 pm
@Josh Houghton
Your English is as poor as Casey’s. Are you an immigrant too?
asw: blueball
April 13th, 2007 at 1:54 pm
Don’t you think it is about time that you sought some professional psychological help?
April 13th, 2007 at 1:56 pm
Your “Book”:
You have a “book agent”?? It usually takes a lot of work to get an agent in the literary business. One wonders if your “book agent” sees some way to scam you out of money… Have you asked this “book agent” for a list of clients?
You say, “I have some sources of funding for upfront expenses”. In writing a legitimate book that has a chance of making you some money, YOU WON’T NEED TO HAVE “FUNDING” FOR YOUR “UPFRONT EXPSENSES”! *YOU* shouldn’t have to pay ANYTHING! to get a book published by a legitimate publisher!
When will you *STOP* being so dammed naive about the world of business? There is NO SUCH THING as a quick and easy million!! (Well, aside from the lottery and hitting various jackpots on slot machines….)
Why do I even bother?????
April 13th, 2007 at 2:18 pm
Wow, KC is a stock guru now.
LOL little boy…you will believe anything won’t you? Invest in penny junk stocks and you can make a fortune!
What spam mail crud did you get your inside info on these junk stocks from?
OMG, you redifne the word loser.
April 13th, 2007 at 2:27 pm
Casey, about that Utah situation. I think you are in more trouble than you understand here. It’s much bigger than a simple issue of a single missing payment for a few thousand bucks. The real problem is that the balloon payment is two months late and you just found out about it. The purchase contract is meaningless now, get it? They didn’t screw anything up, you did!
So, the buyer put down $40k and another $70k in improvements and made the payments for the past six months. Are they aware that the balloon is two months past due? Of course not!
So what do you think the bank is thinking right now? If I were the bank I couldn’t *wait* to foreclose on that property. And you can bet that this is exactly what they are going to do. Now that would be a sweet deal™ for the bank.
But it wouldn’t be such a sweet deal for the buyer that put in well over $100k in the project. They’d be out everything that they put into it. And who do you think the buyer would be holding personally responsible, ehh, Casey?? Oh, and by personally responsible, I mean “physically” responsible, if you know what I mean.. And when the buyer contacts you about the matter the LAST thing you should tell them would be that you had decided to write a book about helping people avoid foreclosure. That’d be a bad idea..
So, you might want to put some serious effort into this one. It’s not like your other foreclosures where you walked away with pockets full of cash and good intentions™ to make the payments. Those were simple compared to this one.
Seriously, Casey, this one could get ugly if you don’t fix it ASAP.
April 13th, 2007 at 2:41 pm
i posted this at 4:40 pm central time.
April 13th, 2007 at 3:03 pm
looks like your on your way,
let me know when you need that domain transferred.
maybe i can just redirect traffic to you
April 13th, 2007 at 3:23 pm
Hey Casey - you read that book “Getting things Done”
I bought it also on your recommendation, but I havent got round to reading it yet. Any recommendations on how I can get off my lazy a** and read the book.
I really appreciate your advice Casey and understand where you’re coming from
Loads O Money
April 13th, 2007 at 3:34 pm
DC Economist:
While advances are advances against royalties, they are normally not repayable. In effect, the publisher is gambling that the book will earn out the advance. Even if it doesn’t earn out, all it really means is that the publisher has paid the author a larger share of the book’s revenue as royalty.
Disclaimer: I haven’t sold a book, but I have done a ton of research on this topic.
April 13th, 2007 at 3:36 pm
Casey, you do know that people are paid to promote penny stocks in e-mail, faxes, web sites, blogs, forums, etc…
You did know that right? And people who are paid (money, stock, jamba juice gift cards, etc..) must disclose that they are being paid. Not that everyone does disclose, but then some people lie on loans and stuff like that too.
April 13th, 2007 at 3:51 pm
ASW flipper
chimpCasey sez:
“I’m kind of tired of trying to strengthen this deal out. Can’t I just ignore it? What can one missing payment do?”
me: LOL
“The buyers have the property back on the market and stand to make a pretty penny. Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost. ”
me: ROFL
“This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?”
me: Bouncing off the ceiling like Dick Van D*** in Mary Poppins
chimpCasey - maybe you can be the first author to write a book on a PDA while sitting on the toilet? One more idea for your creative publicity stunt file.
April 13th, 2007 at 3:59 pm
Casey didn’t lie about the penny stock. He did indeed buy it, and just admitted it when he avoided answering the question. Don’t any of you readers GET IT? Geez!
Thanks for answering the questions though. When you step up to the plate, you get more respect. I still think you should negotiate an advance on a book, plus allow a good year in the contract to complete the book. The potential for a loss is far less than the stock you bought.
Today on Jeopardy, one of the questions was, ‘what’s the name of the ad that people place on web sites across the top fo the page?’ Answer: banner ad. Ironic!
April 13th, 2007 at 4:20 pm
THERE IS NO BOOK DEAL
April 13th, 2007 at 4:23 pm
THERE IS NO BOOK DEAL
Dear Reader,
As you read this, you are probably coming home from a hard day at work, or maybe taking a quick break from your busy day for a dose of entertainment….
Remeber that the lad does NOTHING. He produces NOTHING.
THERE IS NO BOOK DEAL. Just talk between Casey and people trying to con him.
All he does is sit there and write his blog…
And dream about 100-unit apartment buildings, with no money down, positive cash flow, and 100% financing….
April 13th, 2007 at 5:03 pm
Update! Update! Update!
I was at a local bookstore today to see if they had a copy of “1001 simple mistake novice real estate investors make and how to avoid them” when a group of small children came in. In an instant, the idea center™ of my brain kicked into high gear.
I can now say with great ambiguity that I will be writing a children’s story bokk on how to become a successful real estate investor.
With my background in real estate investing success™ and child development it was a no-brainer (now now you haters™). Plus it will have the added bonus of only having to be about 20 pages and maybe 500 words or so. I can’t wait to fly this kite™ past my publisher!
Someone on my team™ of highly educated™ successful™ professionals™ that a hot book could easily fetch a high 6-figure advanse™ or higher. With that I will be able to satisfy my cash call™ obligations and begin to repay every dirty penny™. I am going to surprise G™ with a romantic evening at Macaroni Grill™.
I was blessed with finding a homeless man with a shopping cart FULL of aluminum cans asleep. At $0.95 a pound, we can even hase desert™ after! It’s all good™.
The moderating might be alittle™ slow after about 9:30 tonight if thing look like they might go my way (if you know what I mean…)
Thank you to all og you and your incredible enregy and powerful aura’s for kkeping me focused at the macro high-energy™ can-do level™. I think Monday I should organize a time to schedule a meeting to get with my powerful team and brain storm the next exciting steps.
Nowledge is power!
April 13th, 2007 at 5:19 pm
Hey Casey,
I just picked up today’s mail. Guess what, a coupon for a free “All Fruit” Jamba Juice! Sweet! Give me your address and I’ll mail it to you. It’s all good.
“What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.”
A Jamba Juice franchise!
Thanks for the GSPG tip. I may decide to research it some more…with a view to possibly shorting it.
April 13th, 2007 at 5:27 pm
Please describe your corporation in detail. In what state did you incorporate? Who is on the board of directors? Are you the sole shareholder? Did you use money loaned to the corporation to pay off the $4500 personal debt you incurred to buy the corporation in the first place? If so, do you intend to personally repay the corporation?
April 13th, 2007 at 5:35 pm
“Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost.”
Very telling of you, Casey. Very telling.
No doubt you will hear these words again. Eat the cost is the new $30 is nothing.
That’s the kind of thing a grifter says. Do you think that the buyer of the UT property is going to make any profit on the deal? Think again, pal.
April 13th, 2007 at 5:35 pm
Mark this day, people. The precious metal bull market is over. Casey is a better indicator for market timing than anything on the market. When Casey says ’sell’, you ‘buy’. When Casey says ‘buy’, ’sell’.
Casey, you got into the housing bull market at the very end - like the exact worse possible moment.
And NOW you’re “discovering” the gold mining stocks and other ant-dollar sentiments. Dude, where were you 3-4 years ago when gold was ~ $300? Even your daddy Robert Kawasaki was pumping Gold/Silver back then.
Mark it, 8 dude. I’m selling all my metal stocks. Thanks, Casey.
April 13th, 2007 at 5:52 pm
Casey,
Forget about the Utah stuff, you did your best just move on to your book. Risks are apart of the game and the buyer knows that, truth is they are the worst of your problems. Given they are out of state in Utah means they will have even greater difficulty in doing anything. This book thing that’s going to be your golden ticket, once you get that rocket in the air you can fix your debts and it will all be good. This is a tough situation with the Utah place and you did your best that is all they can expect from you. Tell the buyers “Hey, the bank is being a jerk can you just pay them what they ask? This is a Win-Win for you and the bank so they will make it work for you.”
Keep living the Dream,
Roger
April 13th, 2007 at 6:01 pm
@ Timeline guy™
Your™ off your game today
It’s a “corporate credit thingy™”
Are you ghost righting™ for the real Timeline guy? By™ the way, if you google “Timeline guy,” you are #2. Sweet™
April 13th, 2007 at 6:13 pm
Is Casey the 1st person in history to commit crimes and confess to the public before he was prosecuted? I know people have a guilty consious about somethings and go confess to the cops but Casey is confessing to the entire world!!! And worst is he is in denial he commited anytype of fraud. Casey you durak go ask any lawyer, you forged legal documents, that alone= jail time. Do yourself a favor remove every single thing that could possibly criminally indict you, because if you ever do get prosecuted(and theres a huge chance you will), all the Da has to do is google Casey Serin and see you admitting everything on this blog. Then its a slam dunk case, there will be no pleadeals you durak.
April 13th, 2007 at 6:20 pm
**ATTENTION** **ATTENTION** **ATTENTION**
Casey has been scammed again, this time by a vanity publisher that you pay to publish a book.
It’s not a real publisher. It’s a VANITY PRESS THAT IS A SCAM.
April 13th, 2007 at 6:26 pm
Hey Casey -
Did you see Sponge Bob Square Pants this morning. He was being a Bikini Bottom flipper ! Would you believe it Casey !
You were on the episode - you were sat in Crab’s cafe - eating a crabby patty. It was great. I recorded it - I can put it into MPEG if you want - let me know,
Loads O Money
April 13th, 2007 at 6:33 pm
http://biz.yahoo.com/e/070412/gspg.ob8-k.html
“Stan Hirschman, Christopher Aguilar and Rex Outzen have resigned as a member of the Registrant’s Board of Directors, effective as of March 23, 2007. The Company received notification of their resignations within the last week. To the knowledge of the executive officers of the Registrant, this resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.”
Is this the good news about GSPG?
April 13th, 2007 at 6:48 pm
Casey said: “man, I wish I had some cash right now.”
Casey, I wish you had some integrity right now.
April 13th, 2007 at 7:06 pm
You screw 6-12 lenders out of money, and feel that is OK? You have no morals. Short sale good? Repo bad? I sense you had no intention of paying back the lenders in the first place.
A lot of us rode the last down market to the bottom and back, houses were upside down, yet we fulfilled our commitments to the loan agreement we signed.
I’m out…I can no longer read your trash.
God will be your judge!
April 13th, 2007 at 7:06 pm
Casey,
Take a look here to see why you can’t ignore this Utah payment deal. Well, you could, but there’s no sense getting a judgment for ignoring details is there?
Point of clarification for the readers. The balloon payment Casey is referring to is not something going against him, it’s going against his buyers. Wrap around contracts typically have a balloon clause because the seller doesn’t want to be on the hook for a mortgage for a very long time. In this instance, the contract called for a one year term before the buyers sold or refinanced, but the contract was drawn up incorrectly. This should be easy to fix Casey if you call the title company.
Finally, Casey’s buyers have lowered their price on the home, so maybe the missing payment isn’t that big of a deal to them. Anybody want to buy a newly remodelled home once owned by Casey Serin?
April 13th, 2007 at 7:10 pm
See more of what Free Money Finance has to say about the Bible and investing:
http://www.freemoneyfinance.co.....nvest.html
The greater the potential return, the greater the risk. (Proverbs 27:12) This is a fact of economic life. If someone has a “no risk” investment that generates 25% each year, stay away from him. Either he’s deranged or lying.
Diversify your investments. (Ecclesiastes 11:2) Diversification is essential to long-term stability. If one investment goes down, another you have can offset it by going up. In short, this is just another way of saying “don’t put all of your eggs in one basket”.
Be sure you understand the investment you are considering. (Proverbs 24:3-4) You are God’s steward, and you need to understand how it will be used. If you don’t understand, then don’t invest.
Don’t risk money you can’t afford to lose. (Ecclesiastes 5:13-14) If losing the money your are investing would cause financial ruin, family stress, or any other major problem, then do not invest it in a risky place. A safe investment such as federal government bonds would be more appropriate in this case.
Don’t make a quick decision — take time to think and pray. (Psalm 37:7) Stop and consider what you are doing. Once again, you are God’s steward, and you need to handle His money appropriately.
April 13th, 2007 at 7:41 pm
@60: That roller coaster simulation was a very good find, and the chart at the end stupefying. It will be interesting to see what happens to the ride a year or two hence.
Here is another article about the sub-prime debacle, I wonder if being from Uzbek qualifies Casey as a minority.
http://tinyurl.com/3cghs8
@Casey: ever consider nested comments?
April 13th, 2007 at 8:53 pm
Oh, and incidentally, won’t the prinkblitz ladies have first dibs on the proceeds from your book considering you signed away rights to your story? You think if your book sells for some half way decent profit, they won’t attempt to use that “contract” you signed?
And sorry Casey, but just because you say “no deal” in bold letters on the internet, that does not in itself invalidate the contract. That is for a judge to decide. Who knows; might be the same judge at your criminal trial.
April 13th, 2007 at 9:08 pm
Casey:
There is only one difference between you and the W-2ers.
The W-2ers get paid to blog all day, and you don’t.
Get with the program……
April 13th, 2007 at 9:42 pm
Hey guys, some of you enjoyed my sense of humor with my April Fool’s post where I bought 1.3 Million Shares of GoldSpring (GSPG) stock. Some of you didn’t. Some of you are dying to know.
I love the coy way you just dance around the subject of whether you bought it or not. Lemme give you a hint, though. The BK judge is gonna want a yes or no answer, and will not be amused by anything else. So, let’s try a quick practice round. Sit up straight, take a deep breath and give us a one word answer. Did you buy 1.3 million shares of GSPG stock?
April 13th, 2007 at 9:51 pm
Listen Casey,
Don’t listen to those who tell you not to write a book until you pay back all your debt. It’s your story and you have a right to tell it however and whenever you choose. Sure all those who’re afraid to even take a chance at their dream of wealth have a great deal to say about what and how you should conduct your life. In real life every story does not have the neat, equitable ending that fiction does. Just because you made some missteps in your quest for riches does not mean that you did not amass a wealth of knowledge about the labyrinthic world of real estate. Trust me, for every person telling you not to write your book until they are satisfied that you’ve completd your “penance” there are twice as many people who’d love to know just a fraction of all you’ve learned from your mistakes. Write your book, make your money and ignore anyone who criticizes the gamble you took. Chances are these haters and naysayers never had the courage to go after their dreams and are slaving away at an unfulfilling, uncertain “9-5″ making some other chance taker like yourself rich. Learn from your mistakes, improve your techniques and keep on stepping. Good luck, Casey!
April 13th, 2007 at 10:32 pm
Casey,
Going to be an interesting day for you tomorrow, NightLine viewers aren’t the cows that watch Ms. Orman.
When things get interesting, you can always be counted on to shoot yourself in the foot.
The shark has been jumped, you’ve attracted the attention of people who might have to answer questions about your totally brain-dead activities, what’s left?
It’s not going to be a book, or a resource site, it’s going to be people asking questions about where all the money went. You have detailed records, right?
April 14th, 2007 at 4:16 am
better, it could be worse, but it is what it is and I’m satisfied with it. The last thing Internet attackers do is make the argument that without them, their opponent would be nothing. In this instance, web traffic takes center stage. The haterz say Casey Serin’s site would be nothing without them. I’ve seen Casey’s numbers and I don’t believe for a second that’s true. Casey gets more traffic from search engines than EN does from all sources. Casey has 1300 plus inbound links from other sites on the web. Casey
April 14th, 2007 at 6:52 am
From a previous post:
“Check out this article and you may or may not agree, but it’s completely accurate from what I have found. http://www.nustarthomes.com/neverbankrupcy.htm The thing is, you are already facing your penalty for not paying your debts.”
That link suggests just not paying creditors, not very Christian really. It also suggest possibly fraudulently disputing credit records to get them removed. There are pseudo legal businesses that offer that where I am and the general advice is don’t use them, as they will want fees off you and can’t guarantee success in removing the credit references. One other thing about selling debts, I don’t know how true it is, but there are stories about debt collectors selling debt for less and less amounts to less and less scrupulous debt collectors. After the debt has changed hands several times you may find that “Big Bubba” has sold it to some crack-head who has been told he can legally collect $100 off you. If it gets that far, CashCall will look like the Salvation Army.
April 14th, 2007 at 6:45 pm
You say you want to help folks facing foreclosure? How? You were foreclosed four times. If you could not stop foreclosure on your own behalf, what would make anybody believe you can stop it for them?
You are asking about potential partners? Who would want to partner with you?
April 14th, 2007 at 10:52 pm
Hi,
I hope you will respond to my comment. I heard your story just today on TV.
I would like to ask you about CA properties. How good the economy is in those areas you bought houses? If nobody wants to buy at the auction may be it’s really bad location. Just a thought: why you didn’t buy foreclosed houses really below market value?; when you find out you can’t sell for profit or loss why you didn’t try to rent and hold till market gets better? (do you know how much rent you can get in those areas?)I believe Real Estate is long term investment unless you will buy way below market value in a good location. What is the reason you would like to get a partner?
Good luck.
April 15th, 2007 at 2:30 am
think the “It’s Official” post created some unnecessary speculation and was misleading. I don’t actually have a book deal from a publisher, yet. I am talking to a well-known publisher via a book agent and they seem very interested in doing something with me, including doing an advance of some kind. Too early to tell though.
The only proble with this cunning plan is that writing a book is a long, hard slog. Somehow — I wonder why? — I think you’d get bored half-way through….
April 15th, 2007 at 8:16 am
Larchmont property that I lost to foreclosure is now bank-owed and was put back on the market for $199K. Amazing! They could have taken a short sale at $220K AND I was willing to sign a $50K note on top of that! Oh well, their loss.
You might have a good equitable defense to a deficiency action. Keep your records!
And Walter - What consideration did Casey receive for that note?
April 15th, 2007 at 6:34 pm
It was a 6 month balloon (sic). The escrow company let me know that and they said they will continue collecting payments but they just want me to be aware of it. I was always puzzled why he blamed the title company until he made a post about this subject today – That’s why I suspect they also screwed up on getting the correct pay-off amount from the lender. In this situation, an incorrect payoff would make sense. Casey also pointed out the term of the wrap around is different than that stated in the
April 16th, 2007 at 8:03 am
“I went to bed late as usual watching nightline, and that how I heard about you. Although they did not broadcast your story I was intrigued enough to call the station and get some info to do a web search. I must say amid all the stuff you are facing I am very impressed. Perseverance rises above all stuff. I’ve been trying to get into the real estate investing game for years but fear of the unknown put me in the back seat–and I was honest with my lack work history. Another thing, it takes money to put up a website and pay for it. You have a few sites, people are sending money…do you think you could put up a website for me. I have products I want to sell in order to raise capital for my RE investing. I can’t compete with ebay’s insertion fees. Well you asked, so why not me. I hope to hear from you. Thanks”
Lol.
April 17th, 2007 at 3:15 pm
Casey said:
“Monetizing the blog by helping people with foreclosure is probably a better long-term strategy for getting back to financial solvency.”
Sounds like a really BAD business plan: after all, those people don’t HAVE any money (uh, they’re facing foreclosure). Ever heard the expression, “you can’t squeeze money from a turnip”? These people are getting squeeezed dry by the banks, and you think YOU can get anything more out of them, aside from selling magic beans?
Besides, these debtors would be able to get FREE advice from consumer debt relief services (with individuals dispensing financial advice needing to be licensed, in most states).
I’m assuming you’re thinking of selling leads to “investors” looking for good ’short sales’ prospects, but aside from that, I think you’re firing blanks….
April 18th, 2007 at 5:48 am
This is freaking amazing …
You found a guru who you will have to pay (Robert Campbell) who is a reader of housing panic ??? woweee … you ahve found a way to pay money for what is avaialble to everyone free … housingpanic.com, thehousingbubbleblog.com, OC flip track + 1000 more are all free, and have been around 2 years … but of course you wouldn’t know that.
Cool.
Cow_tipping.
April 19th, 2007 at 8:06 pm
After reading most of you blog I have concluded this- You have a better chance at flipping 7 more houses than you do at writing a book that would teach anyone anything they don’t already know.
BUY MORE PENNY STOCKS!!!!1!1
April 24th, 2007 at 5:32 am
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