December 3rd, 2006   12:51 pm

Pressure is Increasing and Marriage

(Note, I deleted the duplicate post and unfortunately some of the comments were lost, I also updated this post to explain the situation further. And yes, I broke my own rule and posted on a Sunday. I need to work on my discipline. )

We had to borrow 4K to pay basic bills including my wife’s minimum credit card payments which jumped from 1,000 to 2,500 because of late fees and going over credit limit.

The thought of relief via bankruptcy has been on my mind lately. However, she will not let me ruin her credit. I promised her at the beginning that no matter what happens I will save her credit. That was the only way she would let me use her credit cards for real estate deals. She is right. I must keep my promises.

She asked me if I have a plan. The base salary with Chris is not enough. She is saying that almost three years of marriage on a financial roller-coaster is getting old.

[ Added for clarity: My entrepreneur adventures are putting a big strain on our relationship. Even though she has been very supportive through all of this, everybody has a limit.

You see, I unintentionally gave her the impression that I was successful when we were dating (I still had some money left from from my first condo flip).

Later, right before the wedding, she found out that I was really “broke as a joke”. I even bought the ring on a credit card and went into debt for the marriage expenses. She came into the relationship with no debt and excellent credit expecting stability and married into a financial storm without really knowing it.

She also expected for me to pay for college so she can finish her 4-year degree. Her parents were paying for it before but stopped as soon as she got married. I told her not to worry about it. I have it under control.

I’ve set some high expectations. No wonder she is feeling disappointed. I owe it to her to make it right. ]

So, I told her that I am not sure if I have a plan (that didn’t go over well.) There are several possibilities but nothing solid yet. I can make some commission but that hasn’t happened yet. I can do some wholesaling but that hasn’t happened yet either. I can look for a higher paying job (using my web design / programming background) but that’s not going to pay the CC minimums either unless we wipe out the debt via bankruptcy.

She is starting a job in January helping prepare people’s taxes but it doesn’t pay much since she has no education. It’s more to build experience.

I must make serious money quickly somehow. That should probably be more of a priority to me right now than trying to sell houses.

I feel like I am in a slow pressure cooker and the temperature is increasing.

259 Comments

  • Clearly you need some “sweet deals” to bail you out. I would recommend you take a week off to meditate and listen to guru tapes, for the purpose of attracting success.

  • 2. standallamazed
    December 3rd, 2006 at 1:13 pm

    Am I confused? Are you trying to make $100-$1000 per hour or are you borrowing $100-$1000 an hour.

    Also, what is the occupation of the people that have loaned you the last $7000 which you have borrowed for personal expenses. Are they “suckers” with a J.O.B.?

    Why are you only borrowing $7000, thats not even going to make a dent in all that you owe. Oh nevermind, that $7000 is for your day to day living expenses, which is what most people have been saying you need a real job for. Our suggestions were always met with, ” a full time job won’t do anything to solve this problem or put a dent in what I owe.”

    Get over to those houses and at least clean up the paint-spray dust….

  • Her credit is already ruined, she has a foreclosure on her record, maxed out credit cards and late payments on them.

    Oh, and her asking if you had a plan, that was her way of saying “Convince me that I shouldn’t leave you”

    In watching the train wreck from afar, I forget that you are hurting another person so deeply and directly. I really hope for her own good she can find the courage to leave you.

  • If she’s showing over the limit and you’re late on payments, then her credit is already damaged.

    Just 1 30 day late on a decent credit report can tank FICO scores. Maxed out tradelines affect the scoring quite a bit too. And over the limits will be seen on manual reviews for years to come.

    Months ago before your credit reports starting looking like trash you could have at least rolled those balances into 0% to below prime APR balance transfers for a year or longer. That would have at least slowed the bleeding and saved you monthly maintenance costs. It’s too late for that now though.

    You need to develop a concrete plan based on current reality. Your plans always seem to be based on wishful thinking and highly unlikely developments. This is the reason your situation is just getting worse.

    I think both of you are living in strong denial.

  • 5. serious_doubts
    December 3rd, 2006 at 1:21 pm

    Troll alert

  • 6. Time to Get Real
    December 3rd, 2006 at 1:23 pm

    Borrowed from whom?

    $2,500 minimum payment - wow. You need about $50K/yr in pre-tax income to service that.

    “will not let me ruin her credit” - way too late, it’s already been ruined by foreclosure.

    “She asked me if I have a plan for getting us into some stability… I told her that I am not sure.” - I’m absolutely sure you don’t have such a plan.

    “serious money quickly” - using what skills?

  • “She will not let me ruin her credit though. I promised her at the beginning that no matter what happens I will not let that happen.”

    HEADS UP MRS CASEY - YOUR CREDIT IS ALREADY RUINED

  • PLEASE
    PLEASE
    PLEASE
    ANSWER THE QUESTIONS PEOPLE ARE ASKING YOU.

    WE ALL THINK YOU’RE INCAPABLE OF TRUTHFUL GROWTH.

    PLEASE PROVE OTHERWISE.

  • Casey, who the hell lent you another 4k? Where do they stand the hierarchy of your many creditors when it comes to getting paid?

  • Casey,

    Stop focusing on what “hasn’t” or “won’t” happen. Stop thinking about what you “probably” will do or “should” do. Stop dwelling on commissions you haven’t made yet or wholesale deals that have not been (and probably will never be) completed. What is there that you can do right here, right now, that will allow you to move at least one step closer to getting out of your current situation?

    As far as borrowing money…man, you need to get yourself on a beans and rice diet. Tighten your belt and throw every last penny you have at getting yourself back on track. No more Jamba Juice; no more purchasing things with credit cards and no more seminars or “guru” books. Oh, yeah…there’s not going to be a Christmas in the Serin home this year, either.

    The journey of a thousand miles begins with a single step. So far, I haven’t seen you take that first step. You’re continually going backward.

  • The consensus here, and many of the people who have posted are actually experts in their field, is that you have already ruined her credit. With California being a community property state and her having signed on that one foreclosed house, her credit is already in the dump. I see that you have not yet poster her credit report. I would suggest that you do not. But I certainly suggest you pull it to see where it is at this point. I suspect her report is going to play catch-up soon and become very similar to yours.

    Assuming that I am right on all of this, a bankruptcy is not going to hurt her that much. Not paying her credit card bills is not going to hurt her that much. Paying those balances is killing you. You are not going to be able to keep up with minimum payments of 2,500 a month, even with a decent job. Your prospects of getting a well paying job in the near future don’t seem that great either. I doubt you are going to make any money in real estate at any level anytime soon either. People with far greater experience and skill sets are having trouble now.

    Haven’t you realised yet that your only option is bankruptcy? I would pull her credit report and have a serious discussion with her concerning bankruptcy. Your attitude of “I must keep my promises.” is swell. But you have signed up for a promise that is impossible for you to keep and it is going to be broken one way or the other.

  • YOU ARE A TROLL…boring boring boring….

  • 13. $2,500 a month CC payments needed
    December 3rd, 2006 at 1:53 pm

    Casey, I hoped you enjoyed the ride. Looks like the piper is asking to get paid.

  • Oh, whatever!

  • 15. Your wife's new boyfriend
    December 3rd, 2006 at 1:57 pm

    Ruin her credit?… She’s already toast, jackass.

    If you think this “financial rollercoaster” is getting old for you; imagine how she must feel. At least you get attention, which you apparently need to carry on. She doesn’t get anything but a lazy, gay guy hanging around the house all day spouting off about sweet deals that never materialize.

    You are the worse provider possible. You are a drain, a mooch, and a leach.

    And yes, moron, she does read this. So do her parents and so do her friends. Please don’t lie to yourself. They have seen the divorce attorney as well. In fact, the divorce attorney has read your blog as well.

  • Another post with no staged photo. What good is getting up at 6am if you can’t spend 3 hours staging a photo?

  • thought you mentioned you once did computer programing/web design. You should really get into that again. The pay is great these days while the thought of making real money in real estate is done for atleast 5-7 years. (I’ve been doing both since 1990)

  • BK or check out opportunities in Nevada’s Brothel industry.

    It’s been a fun ride Casey, but you’re about cooked.

  • Looks like waking up early two days in a row has at least allowed you to realize how screwed you are. Hmmm…actually, no. You still don’t seem to recognize how screwed you are.

    You should declare bankruptcy, then join the military.

  • I don’t know if I should feel sorry for you or not.

  • Clearly you haven’t told her yet that you’ve already ruined her credit and she can never get a job at a reputable accounting firm. Is this because you are afraid? Don’t believe it is true? Procrastinating? Thinking that a miracle can unruin credit? Maybe you know it is true and are selfishly delaying until the last. The pressure was back in September. What you feel now is rapture of the deep. You are so far underwater that anything that would take you to the surface before running out of air would explode your lungs. This comes of hanging onto a fistful of boat anchors for the last three months.

  • 22. Time to Get Real
    December 3rd, 2006 at 3:39 pm

    “I must make serious money quickly somehow. That should probably be more important than trying to sell houses at this point.”

    You still just don’t get it - you’re still in denial.

    You don’t have the skills nor backlog of qualified opportunities to make serious money - especially quickly.

    But, I’d agree that making whatever money you can should take priority over trying to market your POS houses in December and January.

  • 23. Sputnik_the_Cat
    December 3rd, 2006 at 3:43 pm

    Aaaaaack!

    Ya know, this reminds me of the time I was stuck up that big tree…the one in the backyard of this house where two pit bulls live.

    Thhhhppttt!

    That didn’t turn out well. This won’t either…

    S_t_C

  • “She will not let me ruin her credit though. I promised her at the beginning that no matter what happens I will not let that happen. That was the only way she would let me use her credit for real estate deals. She is right. I must keep my promises”.

    ITS TOO LATE FOR THAT CASEY

    “She asked me if I have a plan for getting us into some stability. The base salary with Chris doesn’t cut it. Almost three years of marriage on a financial rollercoaster is getting old. I told her that I am not sure”

    THE BASE SALARY WITH CHRIS IS BETTER THAN NOTHING. YOU HAVE HAD MONTHS TO FORMULATE A “PLAN” AND A LOT OF GOOD SUGGESTIONS FROM PEOPLE RESPONDING TO YOUR BLOG. WHY DON’T YOU HAVE A PLAN AFTER ALL THIS TIME ?

    “There are severals possabilities but nothing solid yet. I can make some commission but that hasn’t happened yet. I can do some wholesaling but that hasn’t happened yet either”

    YOU HAVE TO MAKE THINGS HAPPEN, THEY DON’T JUST “HAPPEN” ON THEIR OWN. WHAT HAVE YOU DONE TO MAKE IT HAPPEN CASEY ?

    “She is starting a job in January but it doesn’t pay much since she has no education. That will help but it`s not enough”

    AT LEAST SHE IS WILLING TO WORK WHICH IS MORE THAN I CAN SAY FOR YOU.

    “I must make serious money quickly somehow. That should probably be more important than trying to sell houses at this point”

    AHEM, YOU NEED TO MAKE SELLING THE HOUSES THAT YOU ALREADY BOUGHT A PRIORITY. SERIOUSLY.

    “I feel like I am in a slow pressure cooker and the temperature is increasing”

    WELL BOO-HOO, I GUESS SO. STOP BEING SO WHINEY. NITWIT.

  • First!

  • Casey:

    Here is a plan to solve your problems.

    Step 1 - Speak to a bankruptcy attorney. You need to see what is discharged in bankruptcy.

    Step 2 - Assuming Step 1 is favorable, file bankruptcy

    Step 3 - Get a job or 2 or 3. You use the word “workaholic” to describe yourself. Workaholics do not attempt to work nine to five. You need to buckle down and build up some capital. You can work a job or two and have plenty of time for your blog.

    Step 4 - Live below your means.

    Stop 5 - Repeat steps 3 and four for several years until you have some capital and stability.

    Bill

  • 27. BoominInBoise
    December 3rd, 2006 at 5:13 pm

    GET. A. FREAKIN’. JOB.

    Seriously Casey, do you actually read any of these posts? Think about it. Every time you turn around you need large buckets of money. You’ve tried the get-rich-quick-scam route, and it didn’t work. I feel for you. I tried several of them when I was young too. They don’t work. If they did, wouldn’t everyone be doing them?

    No offense Casey, but you’re not smarter than everyone else, just somewhat more gullible.

    Get a job, get some money coming in, and get rid of the houses.

  • 28. Time to Get Real
    December 3rd, 2006 at 5:27 pm

    Casey - although writing your “about” in the 1st person is an improvement, there is still a significant mistake in the 1st sentence. You say:

    “I’m a 24 yr old real estate investor”.

    Incorrect - you did not invest your own money in these properties.

    You’re a “speculator”. And, you used others’ (banks’) money in your speculation.

  • 29. Wishful Thinker
    December 3rd, 2006 at 5:43 pm

    You’re a knucklehead.

    What a hoot!

  • dude

    3 months ago you were advised get a job,
    file for bankruptcy, mail in the underwater ones,

    you were advised that to wait would just make
    things worse and that your marriage was on the line.

    You need a web design job, you need to file BK,
    and if you are lucky you won’t be indicted and divorced

  • When Spring comes you can flip all the homes at a big profit. It is all the Bibble bloggers that are keeping prices down.

  • 32. Bibbity John Bobbity
    December 3rd, 2006 at 5:47 pm

    Casey, where did you borrow the $4K from? Is this from a personal friend? Family member? Are you subject to interest on it as well? Robbing Peter to pay Paul is only getting you in deeper and deeper. Did you quit your new day job? How on earth do you anticipate “getting rich quick” to pay down this debt? It isn’t possible, my friend. December will probably be a dead month for an home sales. You’re going to have MORE $$$ due in just a few weeks. I hope you can see the big picture here…..it ISN’T getting any better. Good luck.

  • Well I think you need to get on over to Jamba Juice and get a wheat grass shot with an orange banana juice chaser and think about your plan of action.

  • I will repeat like others: GET A JOB, NO, GET MULTIPLE JOBS LIKE ALL OF US.

  • “I feel like I am in a slow pressure cooker and the temperature is increasing”

    You just NOW figuring that out?? Welcome to the world YOU created.

  • 36. Don't lie to the wifey
    December 3rd, 2006 at 6:12 pm

    Tell her the truth. You don’t have a plan. You’ve already ruined her credit. You’re going to BK and you know it. She’s going to BK along with you. The rollercoaster she’s been on for the last three years is about to turn into one of those free-fall simulation rides.

    Forget about making serious money. Unless you’ve got blackmail worthy dirt on the likes of Donald Trump, then there’s no way you’re going to get enough serious money to get you out of your hole. Also don’t piddle around with the “severals possabilities.” What should be important is mitigating the damage that’s being done to your post-bankruptcy future.

    On a positive note, thanks for not making another troll post.

  • I followed one of the links on your site:

    Recently, Casey Serin , a 24 year old young man, here in Sacramento who went to one of these “get rich seminars” is finding that the piper must be paid. He is learning a very valuable lesson…if it’s sounds too good to be true, it is. Casey finds himself in foreclosure. Casey thought he could turn property quickly and make a killing. Not so simple as he found out. Investors /sellers whose goal is to make money regardless of the law are committing fraud for profit. Casey Serin of Sacramento fits into this scenario.

    http://www.sacramentorealestat.....al-estate/

  • 38. christiangustafson
    December 3rd, 2006 at 6:16 pm

    Hang in there, Casey! Don’t let the haters get you down!

    You are the exemplar of a new way of living — pure raw flipper investment and living for sweet deals. The industrial and service economies are remnants of a dusty past; you alone dare to take us into a bold future of speculative personal finance. The haters are those of us who play it safe, put in our 40-50 hours in the cube farm, chip in to 401K, buy a few lame E*Trade CDs.

    Marx dreamed that a working man could wake up, do his daily labor, read some philosophy, and maybe go fishing toward he close of the day. How quaint. You’ve done him so much better.

    Future Americans will never want to make something, or do something, no, they’ll hedge an index or two, buy some options, flip an asset, and relax with a Jamba Juice. You may be destroyed in the end, Casey, but it’s the pioneers who take the damned arrows. You show us what we can be, the full potential of modern economic man.

    Full speed ahead! 2007 is your year, sir!

  • If you have been doing everything you can to “save” her credit why are there late and overlimit fees? This indicates her credit is already trashed by late pays and over-utilization. You guys have already let her credit go to hell. I am not a big fan of bankruptcy and there are different Pros and Cons to consider, but often someone’s credit can recover faster from a BK than trying to salvage credit that is already trashed ( probably for 7 years just from the current negatives).

  • I’m sorry to say but I think you’ve dug yourself into a hole and the longer you are delusional and see that the problem isn’t going to be solve itself… the worse it will get. Perhaps you should consider bankruptcy because one way or enough I think her credit will be ruined.

  • I can’t wait to see how many comments you have after you open the floodgates.

  • It was a slow pressure cooker months ago. The water has already boiled and there is nothing left, you just don’t know it yet.

  • If the pressure is risin’, then the heat is on, and that means that the market is a prime real estate sandwich waiting to be eaten. Smells like thanksgiving dinner, baby!

    Make sure you’re subscribed to the Flipper Nation Podcast, ’cause we’re going to be eating prime real estate sandwiches all over the place. The main course may be done, but there are lots of scraps for late-comers. Episode #2 comes out on Tuesday!

    Flipping is instinctual, and I have the instincts.

    – Richie

  • Is this why you can’t declare BK? Because she would be included in the BK?

    Who did you borrow $4k from? Friend/family or a professional lender?

  • >> I promised her at the beginning that no matter what happens I will save her credit.

    Son, your ego is writing checks your body can’t cash . . .

  • well casey if you know a way to make serious cash that is legal let me know.in fact 250 million other americans that make less than 50k a year would like to know also.

  • Hey Casey,

    Stay positive, dude. Stay focused on your goals and continue to do everything in your power to fulfill your dreams to sell those homes! The lesson you learn now are going to be with you for a life time. We’re rooting for you over at Mindpetals.com (http://mindpetals.com).

    We are also young entrepreneurs such as yourself. So if you even need a boost of confidence, please stop by our network.

    Keep on moving!

  • Long ago, a storm was heading for the city of Quin’lat. Everyone took protection within the walls except one man who remained outside. Kahless went to him and asked what he was doing. “I am not afraid,” the man said. “I will not hide my face behind stone and mortar. I will stand before the wind and make it respect me.” Kahless honored his choice and went back inside. The next day, the storm came, and the man was killed, as the wind does not respect a fool. (TNG: “Rightful Heir”)

  • 49. thoughtidseenitall
    December 3rd, 2006 at 7:16 pm

    Who lent you $4,000?

  • Artful move, Casey: Last month, $3,000 borrowed, $1,000 repaid. This month, $4,000 borrowed, $2,500 given to paying off interest on loans. Upshot: after two months, $6000 more owed. You will be back to being a $2 million debtor before too long.

  • Take the 4 grand, open up an account with a discount broker, put the 4 grand in SLV, put a trailing stop loss of 5% on the trade. You may be able to make some fast money, may go to 150 or 160 soon. Here is the thing, you can always sell a stock, because there is a market specialist who is required by law to buy your stock, that is the difference between the stock market and real estate, no one has to buy your overpriced debt/crap boxes, they are unwanted, not needed tax ridden junk. Just my humble opinion.

    Read an article yesterday about houses in Pittsburgh selling for $10.00-$100.00, yes homes can go to 0, they are the most unsafe, unwise investments ever.

  • Curious…how did you get the extra 4 g’s?

  • Entrepeneur? That’s pretty damn rich. Unlike you. If stupid was an easily harnessed alternate energy source, you’d be able to power half of Manhattan.

  • As time goes on I am really having a hard time buying all this. It’s like these posts are worded just right to make everyone continuously come back for more.

    But anyways I’ll play along. Unless you get really lucky in something you aren’t going to be able to pull out of this. You should just declare bankruptcy and accept the credit damage. You’re still young, there is time to repair your credit. But this constant borrowing money to pay your current bills isn’t doing you any favors whatsoever. Heck I’m amazed people still lend you money. It should be obvious to them that they will never see it again.

  • “She also expected for me to pay for college so she can finish her 4-year degree. Her parents were paying for it before but stopped as soon as she got married. I told her not to worry about it. I have it under control.”

    …the hell? It sounds like, in addition to starting off your marriage with a load of debt, you also married a women with a huge entitlement complex. And you have no spine. Congratulations! What an awesome combination.

  • Society makes men feel pressured to want to give women the best financial impression possible, intentional or not, that they are financially successful. But this is really driven by women (generally) in the first place. I personally do not blame women because from an “evolutionary” point of view all they are the ones that have to have kids. Having money means that you can afford to give them the best for the best chance of success (but not over due it or else it will have the opposite effect I see this in West Los Angeles personally.

    Do I give women the impression that I’m rich? Yea. Unintentionally…
    I drive a Range Rover and I always wear a nice suit and tie when I’m working etc (not on my down time). I think perhaps this make some think I’m “successful” but I try to make it clear I’m not rich but I have potential. I don’t think I’m lying. Not at all. Everything is geared towards clients for business purposes. They can think what they want. I’m trying my best. Being an Entrepreneur is hell and the scariest part is you have a 90% chance of failing. Then you’re back on the same level as your neighbor who works 9-5 for a “paycheck” that has never taken a chance in his or her life. Just like that loser who called in when Casey was on the Forsaken Craft show. Uh oh I think I got off on a rant what was I talking about again?

  • How do you unintentionally tell someone you’re successful?

  • Well, I have to hand it to you, Casey. It’s an innovative solution and I’m mildly surprised that most of your readers still don’t get it.

    I don’t think you’ll make enough, though. I doubt if you can even maintain existing traffic, but you should be able to produce a finale spike that surpasses the all-time peak. I estimate you can might make it last two months.

    So…. at $2k per month for Dec, Jan, Feb.
    And figure $5K for Mar, Apr.

    And you may be able to milk a couple more months after the finale.

    So, you’re still looking at… what… perhaps $25K total.

  • There are some “SWEET DEALS” here Casey

    http://www.tenderloin.net/Clet.....state.html

  • Save the marriage and health. Declare bankruptcy and start a clean slate. Get a stable a job and buy a house to live on this time and then build an empire from there.

  • Why is everyone acting like a 24 yr can have cognitive thoughts? Not possible. Why does everyone kick you when you are down Casey? Why do people bother posting when they have nothing to say but mean things.

    He screwed up sure, but he is still a kid. He was scammed by the RE professionals. He didn’t know how to do a flip. Bk is rampant across the country. In some counties, as much as 2500 houses are in default. Lenders hungry to do a deal, turned a blind eye to the red flags during the boom. Maybe he doesn’t want to do Bk until all the houses are foreclosed? BK will stop foreclosure of the houses and prolong the agony.
    I think Casey is numb with shock on a daily basis and unable to make any kind of decisions. Remember what it was like to be 24? Very few 24 yr olds have the capacity to think things through and have little concept of the consequences of their actions even when they are deep into it.

    It doesn’t matter what anyone says or how upset you get with him. He cannot get out of this mess when people are kicking him down. This is no picnic. Casey must feel horrible. His whole world is crumbling regardless of the way it has come down. Where is your compassion?

    I know, you think that lecturing will help. NOT. The people on this blog are shocked that this is publicized. It is that 24 year old thing again. The medical field says it is not until a person is 28 that they can really foresee the consequences of their actions because their brain is not completely formed.

    If everyone gave a dollar to Casey, he might feel well enough to think straight. Of course, if the bloggers here stopped arguing, the site would fade.

    It’s Christmas. We’ve all lectured, yelled and puked on this blog. So, let’s just be supportive instead of kicking someone when they are down.

    And by the way, those houses you bought Casey looked decent to me and I have rehabbed a ton of houses
    successfully. But the mean people keep calling your houses ugly names.

  • @Casey: Stop paying those CC bills (and all your other bills except utilites) and start hoarding cash. Maybe get a safe deposit box or buy travelers checks for the theft/loss safety. Prepaid debit cards are ok but have high fees. In other words, think “cash only” from now on, until after the BK.

  • You’re both pathetic. You for lying to her before and during your marriage. Her for putting up with it and believing your lies even after she knows you’re a liar.

    You deserve each other and the steam train that’s about to flatten you.

    You’ll never change - you’ll be chasing one ‘get rich quick, no need to work hard’ scam/con after another for the rest of your life.

    You disgust me.

  • Her parents were paying for college before you got married. You’ve been married almost 3 years.

    So, she should be almost out of college, right? And her 3+ years of college should have given her reasonable financial skills, right?

    So, she should have acting as your CFO, right? How could she possibly not have known what was happening, that it was wrong, and that it would have disasterous consequences?

    This story doesn’t sound right. What am I missing?

  • you need to read about dave ramsey. He was in better shape, but also lost it all. He did manage to learn the lesson, though; www.daveramsey.com. He now teaches others this lesson, for free, on the radio.

    i wonder how many classes you will take before learning the lesson?

  • By the way, a woman will stay with a man until they feel they can jump on another train that is going in a better direction.
    Right now it kills her that your train doesn’t know where it is going.

    Also, woman NEED certainty. Right now you are not giving it to her at all.

  • I’m beginning to wonder if these latest escapades are made up… How can one person screw up time and time again? It’s like Casey knows what buttons to push on us to get floods of replies coming in…

  • 68. Phillip Kaplan
    December 3rd, 2006 at 9:49 pm

    Dear Mrs. Serin,

    I know you’ve already made your decision to leave this loser, but you must be asking yourself “which branch to I grab onto while I let loose of this one?”

    I am that man, Mrs. Serin. I am a multimillionaire, with a very successful internet business, with a house on both coasts, a real job and a running automobile. I currently reside in San Francisco. I am a real man. Are you ready for a REAL man? Give me a buzz.

  • There sure are some really mean spirited people posting here. Talk about kicking a man while he is down. This is my first comment here, actually on any blog. Yea it is his fault where he is at, but come on, they poor guys marriage is on the rocks. Thats tough.

  • 70. Soil Erosion in my undies
    December 3rd, 2006 at 10:06 pm

    T- the maccaroni grill?
    R- real estate retard.
    O- overzelous chowderhead.
    L- liar liar pants on fire!
    L- lend me a dollar so I can by guru books and wheatgrass.

  • Original post: The Pressure is Increasing by at Google Blog Search: foreclosure and credit Blog tag: Foreclosure and credit Technorati tag: Foreclosure and credit

  • Casey, I can’t take it anymore. I’ll buy all of your properties.

    Just kidding!

    Hey, you got allot a hits on this one. See, I told you - we need drama - not all that Tim number crunching common sense mubo jumbo stuff. We’re way way beyond that.

    Are you going to do the Vegas thing now? Oh man I hope so. I can’t wait!!

  • re: “24 is still a kid”

    Maybe you were and Casey is but there are many people out there 24 and younger that are fully responsible and mature adults. Many of them have kids, homes, businesses, etc.

    If a person isn’t an adult by 18, their parents didn’t teach them well enough.

  • 74. She Made Me Do It!
    December 3rd, 2006 at 11:35 pm

    Of course she stuck around despite his lies. Just look at this boy. He’s incredibly handsome with magnetic eyes. I’d let him lie to me for a while too. Just yummy. But it don’t pay the bills. Obviously!

    I wonder how many keep coming back because Casey is beautiful. I know that’s one main reason I keep coming back.

    Casey lie to me all you want, just do me!

  • 75. wealthyboomer
    December 3rd, 2006 at 11:37 pm

    Bankruptcy could be interesting for the people who bought your homes under a wrap-around. Many lenders have a policy of calling in the mortgage on Bankruptcy. Suddenly those people could be finding themselves homeless and out all that money they have been paying.

  • Casey,

    One thing you are successful is that you have attracted lots of public attention to this blog.

    Like reality TV, people like to see people screw up. Sorry, but it is true.

    Try to learn from how the network TV makes millions of dollars from airing those reality TV shows…?

    Advertising money!

    Start seeking potential companies (mortgage brokers, foreclosure consultants, or even companies out of the RE field) to pay serious money advertising on your blog space.

    With web traffic like your blog, you can possibility make thousands of dollars each month on this, may be even more.

    Frankly, lots of people are hooked to visit your website, to see how your story unfolds. It is a proven website that attracts traffic, and is a key to sell advertising for serious money.

    Sad but true, the more your screw up, the more people would want to visit your blog, and the more money you can ask for advertising on your blog.

    P.S. Also consider selling the publising right of your story. Yours could be a classic story of the big 2006 Real Estate / Mortgage Bubble down the history. If you do it right, it will get you out of this whole financial mess. Not easy, but possible.

    Best luck,
    - Alex.

  • 77. Anomalous Blowhard
    December 3rd, 2006 at 11:45 pm

    Frank, I can’t belive you’re giving such terrible advice.

    Smith & Wesson doesn’t make a .50.

  • I can help. Just give me those addresses and my ATF friends and I will take care of those properties for you!

  • the Treasury is unlikely to be able to repay that money. The sell signal is still on over at Jason’s.Michelle Malkin on Bypassing Internet Censors. And Michelle has a video up on Hot Air about Britney Spears. Ahem.Over at I am Facing Foreclosure, the pressure mounts on Casey Serin.Can 600 Economists All be Wrong? From Greg Mankiw on raising the minimum wage.

  • 80. Sac Realtor's Mama
    December 4th, 2006 at 12:59 am

    Honey, you forgot to take your ritalin again this morning. You know what the doctor told you about posting on the interweb without taking your medicine.

  • Damn. It’s amazing. Nobody gets it yet.

    Casey, you’re lucky. You’ve got a boatload of self-involved readers that couldn’t find the door out of a burning theater. :)

    Awesome.

  • Can somebody who knows something about foreclosure educate me a little on how it works in the US. Say, Casey owes the bank $400,000 and has one of his houses foreclosed. If the bank only gets $300,000 for the house do they still come after Casey for the remaining 100 grand?

  • By the way, even though I may not have time to respond, I still read every single comment when I moderate and thanks again for your feedback and in some cases constructive criticism/advice.

    If you have some questions related to mortgage fraud feel free to call in on Wed night to the live podcast with Jerome.

  • “I’m not going to try to answer any of your other questions right now”

    OF COURSE YOU AREN’T GOING TO ANSWER, YOU NEVER DO. YOU DON’T WISH TO FACE REALITY AND ANSWERING THE QUESTIONS TRUTHFULLY WOULD COMPEL YOU TO DO THAT.

    “You might think this whole thing is silly but I challenge YOU to get up early at exactly the same time every single day (weekends too!) for 30 days. It ain’t as easy as it look”

    I HAVE BEEN DOING THIS FOR THE LAST 28 YEARS. IT AIN’T AS HARD AS YOU THINK IT IS.

  • answer this

    WHEN ARE YOU AND MRS CASEY GOING TO ADMIT THAT HER CREDIT IS RUINED TOO ?

  • “… she will not let me ruin her credit.” Bwahaha! Thanks Casey, I needed a laugh. Oh, BTW, congratulations, you made the list.

    http://buzzsms.blogspot.com/

    signed, Buzz Saw

  • 87. Wait a Minute
    December 4th, 2006 at 7:30 am

    “I’m not going to try to answer any of your other questions right now… maybe in future posts or in a video or something… sorry guys, I can’t spend too much time on this blog or it will take over my life (it already is starting too). ”

    “If you have some questions related to mortgage fraud feel free to call in on Wed night to the live podcast with Jerome. ”

    I like you running away like a little girl. I’m going to call in every 5 seconds and ask you why you are a fraud. Of COURSE you won’t answer any REAL questions, becuase you and this blog are scams.

  • 88. She Made Me Do It!
    December 4th, 2006 at 7:43 am

    Richer or poorer? Well you shot right past poorer a few times over.

    As for her sticking by your side, as I said with your eyes, I’d hang too but my dear you lied and lied big time. You did not simply try to impress, you lied like a rug and she went for it since you’re sooooooo cute! Besides she decided to take a chance, since she knew you were full of it. She was enthralled by your sex appeal. And that’s her fault. Total willing accomplice.

    There a tremendous eroticism that’s not being discussed here.

  • Casey,

    The world is full of people who are more than willing to kick you when you’re down, it’s human nature, but at this point it isn’t what will get you out of where you are.

    I’m curious; where is Mr. Rich Dad Poor Dad’s advice to you. I haven’t read it on your site, could I have missed it? If he were REALLY a legitimate business man, he could easily tell you what you need to do to get out of where you are now wouldn’t he?

    You don’t learn to be a millionaire from the likes of someone who wrote a book, learn it from those who actually are legitimately working millionaires. I don’t doubt that whoever it is that wrote the ‘rich dad poor dad’ book is a millionaire (now), after the sales of his book, but —- his strategies may be good in black and white, but reality is far, far different as I’m sure you can attest.

    If anything, your experience will save countless others from the same, given they do some research before taking the entire hook, line and sinker of such books. ( I’m not entirely sure of all the books you’ve read, just commenting on the one from your photos. )
    I can tell you one way to become a millionaire, you do it slowly and methodically by working, saving and investing. Some are lucky enough to make it overnight, or so it would seem, but the rest of us plod along, slowly letting the monies add up before starting to paying us back. Dime upon dime in time will make you rich. Books are just books written with the hopes some poor soul will buy them to make the writer rich. Become a critical reader.

    Having said that, blah, blah, blah…. I think your best bet is to take out bankruptcy. Sorry, I don’t think you wanted to hear that, but it’s the best advice I can give you at this point in the game.

    Cut bait, get out of where you are, go to work and climb out of the Fica score you’re in. You’ll do fine if you follow this advice. You’re young enough to get back on your feet, just quit reading the garbage and learn from people who actually walk the walk. ( REAL, real-estate investors. )

    I’ll keep reading your blog, I want to see if Mr. What’s his Bucket will respond to your situation, that would be a real comedy as far as I’m concerned.

    Good Luck

  • Anomalous Blowhard, S&W sells several revolvers chambered for a .500 S&W that’s .50″ in diameter. The only problem is that they all cost well over $1000.

  • NO MODERATION…YOU MUST BE TAKING A NAP. GETTING UP EARLY ALSO MEANS STAYING AWAKE.

    JESUS MAN…GET IT TOGETHER.

  • Casey, the mere fact that you think that getting up early every single day is HARD shows just how out of touch with reality you are. Most of us do it as a matter of course.

  • Is this thing on?

  • No moderation?

  • Can somebody who knows something about foreclosure educate me a little on how it works in the US. Say, Casey owes the bank $400,000 and has one of his houses foreclosed. If the bank only gets $300,000 for the house do they still come after Casey for the remaining 100 grand?

    Like a lot of things in the US, it depends on the state. Each has its own specific quirks.

    But if “do they” you mean “can they,” the answer is usually yes.

    It also depends what you mean by “come after.” As anyone who’s ever sued anyone and won has often discovered, getting a judgement may be easy, but getting paid is either hard or takes a long, long time.

    And in the US, you don’t really “have one of your houses foreclosed.” That’s something the lender does.

  • Casey, you and your blog are fakes, but they are fun.

    Nobody can be this stupid. You have a gift for pulling honest people’s hatred out of them at full force.

    Folks, take it easy - this whole thing is a fake. It is fun reading I must say :-)

  • A marriage started on a lie is probably not fated to last very long. However, I cannot feel very sorry for the Mrs. if she put all of her hopes and expectations on your success in order to further her own. Not commendable. Remora-like in my eyes.

    It also looks like you’re developing a depression from the sound of it; your tone, your finding it difficult to face the morning… Your obvious ‘ostrich-like’ behaviour. Newflash, Casey… It’s not going to blow over… and getting down about it will make it worse. It will further spiral you out of control if you don’t get a handle on it.

    Get help. Get medication. Get going and do something instead of sitting on your ball and whining about it.

  • 98. Anomalous Blowhard
    December 4th, 2006 at 9:39 am

    Billy Jack, it sounds like you’ve accomplished quite a bit in life, no doubt by setting goals and achieving them. I suggest that your next goal should be to find, and disengage, your caps lock key. If you can do well enough to retire at 50 on a high school education, you can no doubt do this one simple thing.

  • “You see, I unintentionally gave her the impression that I was successful when we were dating (I still had some money left from from my first condo flip). ”

    “She also expected for me to pay for college so she can finish her 4-year degree. Her parents were paying for it before but stopped as soon as she got married. I told her not to worry about it. I have it under control.”

    WELL, YOU LIED TO HER IN THE BEGINNING AND YOU ARE LYING TO HER NOW.

    IT SEEMS TO ME SHE LIKED THE FACT YOU WERE SUCCESSFUL & RICH. WHEN SHE FOUND OUT THAT WASN’T THE CASE, YOU FED HER A LINE OF BULL & SHE ATE IT! SO, YOU BOTH SEEM TO DESERVE EACH OTHER. YOU LIKE TO LIE AND SHE IS CONTENT WITH BEING LIED TO. GOOD LUCK, YOU WILL NEED IT!

  • 100. Marriage Historian
    December 4th, 2006 at 9:49 am

    “What about ‘for richer or poorer’.”

    How many men over the centuries have asked that same question? Usually it’s while they’re scanning the ‘apartments for rent’ section in the cave painting/newspaper/craigs list and sitting in their oxcart/carriage/VW Jetta surrounded by whatever possessions their significant other threw out the window. Men have been pondering the fallacy of that statement ever since Grog Serin got thrown out of his cave back in the Jurassic.

    (Grog is staring at his collection of blue loincloths and sweet blue exercise rocks strewn across the cave entrance. Near him is parked his recently aquired used stone wheel with sweet stone rim. Black smoke rises from the wheel and a trickle of oil can be seen running away from it. Also, the wheel is square.)

    Grog: Unga bunga! Calm down, She-Grog. Why She-Grog so angry? Did She-Grog fail test again at Neanderthal Community College?

    She-Grog: Grog ruin She-Grog’s credit! Now She-Grog not can get sweet job counting pebbles! She-Grog hate Grog!

    Grog: No worry, She-Grog. Grog have everything under control. First, Grog take nap. Then Grog work on cavelog for a few hours. Next, Grog go on 12 hour Jamba berry fast. Grog MAY even go 24 hour. Then Grog flip a few caves and make serious pebble. She-Grog, call She-Grog-Daddy and ask borrow 4000 more pebble.

    She-Grog: Unga Bunga! She-Grog-Daddy say no more pebble for you! She-Grog call divorce shaman because Grog is looser!

    Grog: Unga Bunga? But She-Grog-baby, what about for richer for poorer?

    (A sweet blue exercise rock flies out of the cave entrance and hits Grog in the head. Behind him, unbeknownst to Grog, a giant tyrannosaurus rex with Neanderthal Bank of Pangaea written on it is sniffing Grog and licking its lips.)

  • 101. Sputnik the Cat
    December 4th, 2006 at 9:51 am

    Yawn…

    I used to have no doubt that Casey was for real…but even I am starting to wonder. How can anyone be this DENSE?!?

    I know cats smarter than you!

    aaaaaaaaaaaaaaaaaaaaackkkk!!!!

    S_t_C

  • Casey, it’s hard to continue to suspend belief when money just ‘appears’ to you when you need it. Remember when you needed a plane ticket from Arizona, and you just happened to have the exact amount in your wallet? If you’re going to tell a convincing narrative, you need to tell the audience where the magic $4,000 came from. That’s - like - the most important component of the whole story. Where is your money coming from? You can’t just leave the audience with these open-ended variables.

  • Further Reading Recommendations for Casey:

    “Lockup Love”
    How to develop lasting, fulfilling, satisfying sexual relationships with your cellmates.

    “They Really Do Care!”
    A guide to formulating excuses and explanations that are strong enough to sway the most hard-assed prosecutors and juries.

    “R.U. Anidgit’s Guide to Self Help Guides”
    How to best use the self-help guide as an illusion of forward-movement.

    “Healthy Holes”
    A collection of recipes for smoothies and juices that will prepare any colon for hard use by felons.

  • Why am I not suprised that smooth-talking, big-ego Casey let his fiance believe (and led her to believe) that he was a big shot who would take care of her financially?

  • 105. Chris Johnson
    December 4th, 2006 at 10:45 am

    Wow, I didn’t realize I should be patting myself on the back for getting up every day at 6 a.m. I’m such an overachiever! And the amazing wake-up time seems to be working for Casey, too–I’m still in awe of his detailed, flawless plan for December. How can he fail now, unless he hits the snooze button?

  • Dear Anomalous Blowhard,

    I was yelling at poor Casey the whole time.

    Sorry if I offended you.

    BJ

  • Casey - I miss your misuse of the word ‘organic’. Please start using it again.

  • 108. Robert Coté
    December 4th, 2006 at 10:55 am

    WTF asked some questions in the last thread;
    It may make YOU feel better offering this turd advice, but isn’t it apparent by now he is beyond help?

    Yep. I stop in for entertainment value. Usually while doing real work like formatting a RAID or some such. Casey is great for people like me. No, not the validation that I was right to sell at the top Jun ‘05- Apr ‘06. Not some wierd joy in the misery of others; schadenfreude in the borrowed German, epicaricacy in the lesser known English equivalent. “Casey” is great because I disposed of my long term real estate investments in a market he and his ilk created. I will buy back three times as many in the rubble about to be created. N.B. I will NOT be buying anything tainted by Cassey or his ilk. Toxic product. I will be buying the simple products brought down in the general reversion and likely overshoot.

    My question to you Robert is, when will the proverbial crap hit the fan with this looser? when will there be a knock on his door by the federalies?

    Tough question. I’m thinking it could go on personally for Casey as long as Jun ‘07 as he cannot not file an ‘06 1040A or extension. The AG or DA will not file criminal charges as they lack willing victims at this point. I’m more thinking Big Nose and Bubba will be “asking” for some of the recently borrowed cash back along with the 23% per week interest payments long before then.

    Of course this blogdrama that we are all reading is only part true. A personal tragedy is overdue. An ill parent? Emergency marriage repair? Doesn’t matter. Whatever it is we will be sidetracked for a few posts and then the original crisis will be ignored in subsequent posts. Then there’s the “Where’s Casey?” period. Probably X-MAS (not Christmas as what he is doing is wholly unChristian). “The Return” post holidays will include apologies for abscence and “A New Hope” (Episode IV).

  • I earlier posted that most of the comments are mean spirited, but I can see now that many people were offended by your “wake up at 5:55am” thing. And they are right, welcome to life. I guess what keeps people coming to this blog is the fact that Casey is out of tough with the reality that life is tought. So if you want to keep the traffic on the site, I suggest you never face reality.

  • re: “I haven’t been doing a great job because I am being too entrepreneurial.”

    You’re still having a tough time with reality Casey. You’re trying to minimize your actions with statements like that.

    Instead of saying you didn’t do a great job, which implies you had some success, just not “great”, why not tell it like it is?

    You did a horrible job. You turned your life and finanaces into a tragic mess. You did nothing but blow through 200k+ in a year and destroy your credit. You made novice mistakes at every turn. There is nothing entreprenurial about any of your actions. Reality is you got suckered by tv-gurus and scammed out of tens of thousands of dollars. Reality is you bought the top and are left holding the bag. Reality is you were just pretending to be a high-roller on the banks tab, who you’ll end up stiffing.

  • Casey,s newest drama will be “Revenge of the Stiff”.

  • Casey, I am willing to take care of the “Gurus” for you free of charge.

  • Ahh, you moderated out my money estimtes for the site income. :)

    I’m fairly close, then?

    So, in its current form, the site isn’t going to save you by pulling in an extra $25K or so. We can look forward to even more bizarre behavior and “sudden house saves”? :)

  • 114. Chris Johnson
    December 4th, 2006 at 11:13 am

    Yep, I’m back..I’ve got an addiction to this blog just like so many here, including Casey. Oh well. The post about seeing a financial advisor made me think of what pre-BK clients are supposed to do–talk with a credit counselor, like at Consumer Credit Counseling Service. I’d be interested to see what advice they’d have for Casey, and I think such advice would make a great post. And perhaps offer some amusement. (Don’t worry, Casey, you don’t have to actually follow their advice, and those dunderheads won’t be smart enough to factor in the cash flow from your future “sweet deals.” Still, to hear some advice from experienced professionals might open your eyes a bit, and again, would make for some good reading here.)

  • 115. Bubba_Di_Tutti_Bubbas
    December 4th, 2006 at 11:25 am

    Yes, the caps lock.

  • 116. Time Will Tell (fake)
    December 4th, 2006 at 11:28 am

    “I must make serious money quickly somehow. That should probably be more important than trying to sell houses at this point.”

    Those words have been uttered just before many a bank robbery.

  • “Casey” is great because I disposed of my long term real estate investments in a market he and his ilk created. I will buy back three times as many in the rubble about to be created.

    Robert:

    Maybe if you pay cash.

    But if you’re expecting financing under the scenario you’ve outlined, I think you’re in for a rude awakening.

  • 118. Time Will Tell (fake)
    December 4th, 2006 at 11:36 am

    It just takes a couple of months for the end game to play out.

    Eggzackly correct and a great analogy.

    Casey has only two pawns and his king left. The creditors have rooks, bishops, knights and queens. Pawns are marching across the board. Anyone with a sense of the game would resign.

    C’mon, Casey. This is a game you can’t win. Tip over the king.

  • 119. Anomalous Blowhard
    December 4th, 2006 at 11:42 am

    “Near him is parked his recently aquired used stone wheel with sweet stone rim. Black smoke rises from the wheel and a trickle of oil can be seen running away from it. Also, the wheel is square.”

    Classic. I lol’d.

  • Quit editing out the truth and face the facts man. That is the ONLY way you’re gonna get out of this. Either as a free man or in prison. One way or another, you need to face up to it. Oh, and get a real job.

  • 121. Time Will Tell (fake)
    December 4th, 2006 at 11:54 am

    When Spring comes you can flip all the homes at a big profit. It is all the Bibble bloggers that are keeping prices down.

    HAHAHAHAHA……Affordability in CA got so bad that the CAR had to change the metrics to make the measure look better. Flippers and 2nd home buyers (just like young Casey) made up 1/3 of the market and now are gone. Sub-prime lenders lent money with no regard to the ability to repay. Home builders built like there was no tomorrow and created a massive inventory glut. On and on and on…..

    If you are not a troll, you are an idiot, and more blind and in denial than Cssey. I’m now sorry that I wasted my time replying to you.

  • “You might think this whole thing is silly but I challenge YOU to get up early at exactly the same time every single day (weekends too!) for 30 days. It ain’t as easy as it look.”

    What’s so difficult about it? I have a job and two kids. I’ve been getting them up, changed and fed at the same time every morning for nearly four years. If something needs to be done, you just do it: you don’t whine about how difficult it is, or treat yourself to a luxury that you can’t afford just for achieving something that should be routine.

    Incidentally, does anyone think that if some lunatic wrote Casey a $2 million check - or, better, a check for EXACTLY the amount that he owes, returning him to a nice round zero - he’d go and blow it on some mad scheme and end up twice as deep in the hole as he already is?

    Funnily enough, something similar happened to Nick Leeson at Barings Bank: he actually did end up briefly in the black after months (if not years) of hiding his losses from his bosses. Unfortunately, he didn’t stop trading, as he realised that although he’d got back to square one, everyone else thought he was making gigantic profits, and he had to keep that illusion going.

    Barings Bank eventually collapsed with debts of over $1 billion - entirely run up by Nick Leeson. And at the time, he wasn’t much older than Casey. In fact, he may have been Casey’s age when he started.

  • Original post: The Pressure is Increasing by at Google Blog Search: foreclosure houses

  • 124. Robert Coté
    December 4th, 2006 at 12:26 pm

    Free Advice comments about my;:I will buy back three times as many in the rubble about to be created.

    with his; Robert:

    Maybe if you pay cash.

    But if you’re expecting financing under the scenario you’ve outlined, I think you’re in for a rude awakening.

    Only part cash, cash flow will still be an operative consideration. In the post Casey Era I expect 30-40% down for anything less than single residence owner/occupant transactions. I do. however, expect that at 30-40% down there will be no end of lenders willing to deal if only to take properties off their books. I’m an Anti-Serin. I have done pretty much the opposite of Casey so it is reasonable to expect the same in the future. In thre future godd credit will have value seeing as in the current era it makes little difference for but one example.

  • Robert Cote: “A personal tragedy is overdue. An ill parent? Emergency marriage repair? Doesn’t matter. Whatever it is we will be sidetracked for a few posts and then the original crisis will be ignored in subsequent posts. Then there’s the “Where’s Casey?” period. Probably X-MAS”

    Oh I would be willing to stake real money that you’ll turn out to be absolutely right.

  • How can we learn if Casey doesn’t answer the questions?

  • @me - this is $25k per month?

  • Khyber
    December 4th, 2006 at 3:25 am

    “Can somebody who knows something about foreclosure educate me a little on how it works in the US. Say, Casey owes the bank $400,000 and has one of his houses foreclosed. If the bank only gets $300,000 for the house do they still come after Casey for the remaining 100 grand?”

    My understanding is that by law, the mortgage company is required to either sue him for the difference. If they write the debt off, then they have to send him a 1099, as though he was a contractor that they had paid. At that point, the IRS treats the money as taxable income.

  • Casey,

    It’s time for a come to Jesus meeting both figuratively and spiritually. Here is your 5-part plan that will get your life turned around:

    1) You need to get on your knees with Mrs. Casey and repent of your crimes and beg God for mercy. Go find a church home.

    2) File a Chapter 7 now before your creditors start filing lawsuits against you. Forget about the houses- 1 foreclosure or 5, who cares? Let them go. Quit paying on the cards. Forget about it. Start paying CASH for your living expenses. Have a criminal attorney on retainer

    3) Get another job in the evening and on Saturday working at FedEx or UPS loading boxes to build cash. Since it is Christmas they will be hiring and paying you well. The Mrs. Needs to find something also

    4) Live as cheap as possible such as in a trailer or in someone’s basement until you are in a position to pay cash for a dive somewhere

    5) Swear off debt forever

    You may be a complete loser now but if you follow the above plan you will eventually turn your life around and maybe save your marriage.

  • “However, she will not let me ruin her credit. I promised her at the beginning that no matter what happens I will save her credit. That was the only way she would let me use her credit cards for real estate deals. She is right. I must keep my promises. ”

    This has got to be the dumbest thing Casey has posted this side of a Jamba Juice reward. After weeks and weeks of people telling him her credit is toast, he posts something regarding saving it. The only reason is to make people react negatively.

    Casey, why do you post crap like this knowing it is so stupid?

  • 131. TO BE YOUNG AND STUPID AGAIN
    December 4th, 2006 at 2:30 pm

    no thanks….

  • Oh Gawd. This is so so sad for her. Words cannot express, right now. I feel terrible for that girl.

  • You should hire an agent to take you on and get on the wave of foreclosure fears out in the media. You could easily get yourself back above water with news specials and interviews.

  • Sell the houses to marijuana grow-op people. They need places to grow their crop undisturbed. They will be happy to take-over your payments. It’s a small cost to them for doing business. Plus, they also help the economy by providing something for people who want it! At least they are providing themselves with a lucrative income.

  • […] Housing collapse unintended consequence #345 - the divorce rate in the US is about to explode. Watch what happens to Casey Serin. […]

  • Folks,

    This blog is real in the sense that it is Casey, however, the drama you see in setup to attract traffic for Ca$ey to cash in.

    Expect much more fake Drama like this one in the near future because hits to this website are dying out.

    Let’s help Ca$ey with some Titles for next week:

    - I am Facing Divorce
    - I need money faster
    - I am Facing Bubba on my knees
    - I need money now
    - I turn Gay
    - I need more money
    - I swindled my parent’s in-law
    - Give me your money

  • 137. Hi...I'm Dolph DeRoos
    December 4th, 2006 at 3:20 pm

    Wow Casey. Did you not buy one of my tapes! I made money at 17! Why couldn’t you? Oh yes, I made money flipping because I didn’t take extra cash on the loan. I plowed every cent back into my other properties.

    You are the worst student, but buy my tape anyway!

    http://www.yourlifepro.com/doderogrrees.html

    You hurt shysters….errrrr….legitimate flippers like us!

  • He posts crap like this because he knows that all of his readers will keep coming back again and again, regardless of how sophomoric his posts become.

    I tip my hat to you Casey — you’re a marketing genius. This has got to be one of the more elaborate hoaxes in recent memory.

    (Note: if Casey is actually this naive, I fear for future generations. His peers will be running the world in 20 years)

  • 139. Georgia Girl
    December 4th, 2006 at 3:55 pm

    “I promised her at the beginning that no matter what happens I will save her credit. That was the only way she would let me use her credit cards for real estate deals. She is right. I must keep my promises”

    If you aquired any of your debt while you were married. You have already broken that promise. Your creditors can go after her income(or future income) for your debts.

  • You’re an idiot! To bad you screwed your life up so much. She’s gonna leave you and rightfully so. Duh jackass

  • Casey,
    How long until you go down the road Julian Wells did?

  • swamp:: Don’t worry - there have been and always will be total idiots in any generation. There are plenty of smart 24 year-olds in the world.

    Georgia Girl:: Most of his debt has been generated during the marriage.

  • Casey - here’s a more appropriate “About” for your site:

    Casey Serin: I’m a 24 yr old con man and wannabe real estate speculator from Sacramento CA. … I spent a lot of my time and a lot of your money (wonder why your credit card rates are high?) on get rich quick schemes. I confused overpaying for POS houses and getting cash back at closing with making money, so I just kept doing it. I’m now in a world of hurt, but am too good to work hard to fix it, and am currently waiting for the RE fairy to magically fix things for me. Comments appreciated (but intelligent ones will be ignored)!

  • 144. Mortgage Banker
    December 4th, 2006 at 4:40 pm

    I am starting to get a little skeptical of this “story” as well,its looking more and more like one of those “reality” shows.

    I would at least start trying to line up advertisers for this blog considering all of these cockamamee (sp?) tales you have come up with to generate all this traffic.But hey you never know,4 Grand might come falling out of the sky again and you might be able to scrape by another month.

  • Casey, amigo, listen to me. Don’t listen to these haters. You met Rich Dad! People want you. You should buy more houses and get cash out of the deals. I don’t know so much about real estate, but you’ve read a lot of books and seminars which makes you smarter than most of the people here. Who cares about the debt, pick yourself up and go buy more. Everyone knows the best, quickest way to make money is in real estate!!!! You have skin in the game, remember?

  • 146. Coyote Investor
    December 4th, 2006 at 5:09 pm

    Casey,
    No more posts from me until you systematically start answering people’s questions.

  • Here’s the question on all of our minds - are those 14″ or 15″ rimz on your sweet ride? Also, do you bump Chamillionaire when cruising the mean streets of Sacramento?

  • I’m with Mr. Cote, I think this is an alaborate ruse, along the lines of the loneygirl, and many of the other internet memes that draw people like moths to the eerie blue light of the bug zapper.

    If it’s all a fiction, I applaud the author, for creating an almost iconic persona who represents the true face of the last few years of greed, frenzy, and lack of common sense.

    Nobody could be this much of a fraud, this much of a liar, and ultimately, this much of a pure coward. The blue ball, the psuedo-clumsy videos, the “unintentional” advertising for the willing participants in the ruse, it’s all perfect. Just sloppy enough to avoid the stink of the pros, and just cagey enough to draw the ire - and revisits - of the audience.

    What’s next, Casey tells us he’s embarking on a 30 day plan, to brush his teeth EVERY day? Because it’s so HARD?

    C’mon.

    It can’t be real. Nobody can be this much of a coward.

    I’ll continue to read this blog for entertainment, but I don’t believe a word of it.

  • 149. Time Will Tell (fake)
    December 4th, 2006 at 9:26 pm

    You have skin in the game, remember?

    That’s rich, that’s great! Skin in the game…you kill me. Casey has his whole hide in the game.

  • John S: Yes, he showed us his bank account statements and Cash Call was on it.

    Bad idea for anybody with a brain. They charge something like 90% interest if you pay only the minimum payment over the life of the note (8 years/5600 loan).

  • 151. Fake, I think not
    December 4th, 2006 at 9:56 pm

    What sort of fool would actually buy a property (in Dallas no less) if this were a scam?
    http://www.dallascad.org/AcctD.....2898000000
    There’s the property record for the Dallas house. Either Casey is the hacker of the week, or he bought at least one of the houses.

    I don’t think I’m going too far out on a limb to predict that this isn’t going to end well.

  • I’m getting tired of seeing the same foreclosure adsense ads on these blog entries. I’ve visited all the sponsors and it’s getting to be old…

    Casey, can you write about something else so we get a new variety of ads from different advertisers on these pages?

  • Casey, results are from action and so far you not really taken action. I should suggest you get more advestisement to this website to help with your financial situation.

    Maybe also do some freelance jobs as a programer for side jobs. Also you can get some $$.

    I really pulling for you and hope you make it out okay.

    - Max

  • 154. JonesOhJones
    December 5th, 2006 at 3:29 am

    Interesting question no-one has taken up—

    Is it useful to drag things out another year? Not in terms of borrowing more, that would be unethical, but in terms of waiting until the very last moment to file BK.

    Serin needs to coast through BK without his fraud attracting attention (as if). If he waits another year, maybe another 10,000 flippers will be in the BK court with him, maybe he is less likely to be noticed. The prosecutors and courts have limited resources, of course.

  • […] Original post by Casey Serin […]

  • I cannot imagine the pressure you are under right now. Financial pressure and marital pressure are a bad combination. It will be interesting to see how long you can withstand it…

  • “There’s the property record for the Dallas house. Either Casey is the hacker of the week, or he bought at least one of the houses.”

    Casey is not lying about this. What he is not telling you is that he is dramatizing all of this to pull in add money, to get people to visit his.

    Yes, Casey committed Fraud and is now Spinning the story to make money. The sad part here is that he is raping people’s good faith, thus, why you see some original posters getting so frustrated and “angry”.

  • One more week til Jeffrey Skilling reports for Prison Time for the next 24 years. Jeffrery is due to report in on the 12th of this month.

    Casey and others, you have to hand it to the folks who came up with this amazing system called slow torture. Jeffrey is currently at his home (confined) until the 12th at which time he then has to report to Prison.

    Imagine how tempting, how frustrating it must be for Jeffrey as the count down nears. Should he make a run for it? Should he stage an elaborate death to get away with it? A zillion thoughts must be racing through Jeff’s mind at full speed to no avail.

    Casey, what’s on your mind when you think about the Fraud you committed and all those people who did not get a lone because your’s went through? What about how you artificially inflated property tax for those neighborhoods?

  • Billy Jack,

    I am interested in your success story. Can you give more details in how you did it? I am learning a lot from this blog in “not what to do” and “what to do”.

  • I’ll be kind with this comment.

    Seems to me that you are trying to get from Point A to C without going through B.

    What I’m saying is that everyone has to pay their dues. You don’t go from working in the mail room to CEO in one fell swoop.

    All you are seeing is C, you need to focus on and achieve B.

  • never refinance your loan to buy a non-appreciative asset like a car, holiday or house renovation. I don’t think it is even a good idea to restructure your debt (credit cards, personal loans)using your mortgage. Here is one way not to manage your financial affairs. Disclaimer: This is just my opinion, seek professional advice before making any financial decisions.

  • I really don’t think you need to challenge most of these people to be early risers, since most people do rise early every day to go to their JOBS.

  • As the pressure builds, you might want to keep out of Jamba Juice - potential E Coli contamination!
    http://www.dailynews.com/ci_4783451

    Stick to Starbucks, my good man.

  • 164. Leet Inspector
    December 6th, 2006 at 11:00 am

    Seringas,
    It’s pwned. Never p0wned (unless you’re Strong Bad). I’m afraid I’m going to have to revoke your leet speak license.

  • @You are ok:

    I remember what it was like to be 24. At 24, I had been supporting myself and a shiftless, job-avoiding boyfriend for 3 years. And 28? At 28, I put 10% down on a house that I will have paid off in 18 more months when I am 43.

    24-year-olds who still think and act like children is what you end up with when you let toddlers decide when they’re ready to be weaned and potty-trained. They just never really grow up.

  • You don’t owe it to her. What you do owe is somewhere over a million dollars (I’m not counting, and neither are you by the sound of it).

    If she seriously expected you to support her through University, she is, at best naive and irresponsible. I hope she leaves you for her own sake, but like attracts like.

    However, you are what you do, and you’re a self-confessed liar. An honest man may not get far in this world, but he also won’t get into this situation.

  • Here’s the MOST BASIC, MOST STUPID suggestion (to those still looking to marry): in a marriage, AT LEAST ONE person should have good credit.

  •  after my brother mentioned it to me. At first I thought it was a scam with how much attention the writer of the blog showed in his posts and site.  Even though I know I shouldn’t be reading about a train wreck, but on his latest post http://www.iamfacingforeclosur.....ent-11331, one comment from a Bill Jack caught my eye.   Billy Jack CASEY, I GET UP @ 4:00AM EVERDAY, TAKE A SHOWER AND GET DRESSED, DRIVE 45 MILES ONE WAY THROUGH THE WORST TRAFFIC ON EARTH, WORK MY A** OFF UNTIL FRIDAY, HUNT/FISH/SPEND TIME WITH MY

  • Marriage Historian: ROTFL
    Miguel: Any idea what Leeson’s up to now?

  • Casey’s blog would cheer me up

  • 171. Just Gots To Buy More Houses
    February 15th, 2007 at 11:54 am

    Quit wasting time selling, you much buy, buy, buy!! Become a buying fool. You must be able to borrow a few thousand more. Borrow, borrow, borrow so you can buy, buy, buy!!!

  • Billy Jack,

    I am interested in your success story. Can you give more details in how you did it? I am learning a lot from this blog in “not what to do” and “what to do”.