March 16th, 2007 12:38 pm
Facing Foreclosure Live Call Wednesday March 21st
I am hosting a live call / interactive podcast to update everybody on my story and answer questions. If you are facing foreclosure yourself feel free to call-in and I’ll see if I can help you with any advice or tips.
Date: Wednesday March 21st
Time: 6PM Pacific (9PM Eastern).
Phone Number: (724) 444-7444
Talkcast ID: 8714
To participate/listen LIVE on the PHONE: create a TalkShoe.com account first to get your PIN and then call in during the call time. You will NOT be able to call-in without your pin!
To listen-only LIVE on your COMPUTER: Click the button below during the call time and click the listen link:
If you miss the call: The call will be archived and be available for downloading in MP3 format on TalkShoe. iPodders - you can subscribe to my Facing Foreclosure channel via iTunes and have all the episodes automatically downloaded to your iPod. Search for “Casey Serin” in your iTunes software to find it.
What specific topics do you want to hear about?
Leave me some questions and ideas in the comments.
Also… if you haven’t already, check out the the previous interactive call on mortgage fraud that I hosted with Jerome Mayne (there is a transcript too). After the call we had a Q and A time with some interesting questions from the readers.
132 Comments
March 16th, 2007 at 12:43 pm
Great idea, Casey!
Spend time doing things nobody cares about instead of fixing your financial problems. You do realize your calls will consists of your haters asking when you will get a job, right?
March 16th, 2007 at 12:44 pm
Is it really a “live call” if no one calls? Why not just say it is a podcast where you talk about stuff you don’t understand.
March 16th, 2007 at 12:45 pm
While I MIGHT be interested, I wouldn’t pay the long distance fees, and I also wouldn’t want to do anything beyond just visiting your site. I’m afraid there would be some scam involved and that you get paid some money for each person that calls in.
March 16th, 2007 at 12:46 pm
Boxers or briefs? What are your turn-ons and turn-offs? What is your sign? When did you start carrying a murse?
March 16th, 2007 at 12:59 pm
Wow! Your head’s still in the sand, but maybe you feel that some kind of motion must be forward motion. I’m curious (though not curious enough to listen) to see what kind of help on foreclosure you would offer, other than ignoring your example and instead being proactive.
And re: the college education debate, I hope by now you see that you don’t have to insult a college education to point out that it maaaaaaaaay not be necessary to succeed. Maybe the reason everyone was so insulted was because they read it like I did: “People who go to college can’t think for themselves and become successful because college will make you a wage slave.” Someday you’ll learn that premise isn’t true. It’d also be a lot more believable coming from someone whose life and actions proved it to be true.
My own feelings are that the education is helpful, and preferable, but is neither necessary for, or a guarantee of, success. That would apply to your guru “education” too.
March 16th, 2007 at 1:02 pm
Regarding college, you are partially right. Education is NOT a cure for stupidity. Here is a PhD who is in the same dire straights you are. He was able to negotiate a SWEET short sale but he gets to pay taxes on the $60,000 that your buddies at Countrywide lost. Its all good!
Fri Mar 16, 2007 9:26 AM EDT
(Pic)- A house is seen for sale in this undated file photo. The subprime mortgage meltdown is hitting more than people living on the financial edge (Enlarge Pic). REUTERS/ Files
LOS ANGELES (Reuters) - Unlike many borrowers who took out subprime loans, Andy Sobel had good credit, a decent job and modest savings, but he needed to stretch to buy a home in the white-hot San Diego housing market in 2004.
Three years later, Sobel has lost his home and his savings, and he faces a big tax bill as a consequence of a failed subprime mortgage held by Countrywide Financial Corp. he says he should never have been written.
“You never think that this could happen to you. You feel like an idiot,” said Sobel, 48, who has a doctorate in education. “You fall down and they stab you.”
The subprime mortgage meltdown is hitting more than people living on the financial edge.
Thanks to the frenzy of a market seeking to invest in the high-interest loans, incentives for brokers to encourage the sale of those loans and a housing market booming beyond the reach of many, many people with good credit were sucked in, consumer advocates say.
“Once Wall Street entered the marketplace of housing … the typical mainstream lending community was not prepared for those types of loans, the volume and the greed it would create,” said Lori Gay, president and chief executive of Los Angeles Neighborhood Housing Services.
Gay said she has begun meeting with lenders, at their request, to try to stave off what could be “the biggest foreclosure bloodbath that we’ve ever had.”
“We are seeing every age group, every single income level now, people with similar problems, and I haven’t seen that in my career,” she added.
BLOODBATH
Sobel, who works for a nonprofit community group, said that when he found it difficult to qualify for a loan big enough for a slice of property in San Diego, his independent broker pushed him to take out a popular adjustable mortgage with a two-year low fixed rate, known as a “2-28,” as well as a second mortgage to buy a $240,000 condominium.
He knew payments on the loan, originated by Express Capital Lending and bought by Countrywide, the largest subprime lender, could rise, but was told he could refinance. Countrywide did not initially comment on the case.
The introductory rate was affordable, but Sobel began to worry as interest rate hikes, falling home prices and a glut of condo conversions hit the San Diego market.
“I started to look to refinance. I called my first and second (mortgage lenders) and said, ‘I’m going to be in trouble, what can you do for me?’” he said.
Countrywide’s refinance offer was more than he could afford, he said. His broker advised him to take out a negative amortization loan that would add $300 each month to his principal and “ride it out for a few years” until the market recovered.
“I said, ‘Are you crazy?’ I started really worrying,” he said. Sobel is not alone.
Gabe del Rio, homeownership director at Community Housing Works in San Diego, worked with Sobel and said borrowers with good credit like his often got in over their heads when brokers pushed them toward “stated income” mortgages that had looser guidelines for proving income.
IN OVER THEIR HEADS
“Anyone who had a higher FICO (credit) score … was moved into a stated loan product in which they then qualified for (a higher) purchase price, putting them in above their head,” del Rio said.
Delia Dee, a municipal analyst, said she refinanced her home with Countrywide to withdraw $200,000 to help her father buy a home of his own in a process she found suspicious.
“My (income and tax) information was wrongly represented on the (application) but I asked and asked and they said, ‘This is okay because of your good credit,’” Dee said.
Then, unexpectedly to her, the payment nearly doubled in the second month of the mortgage. She has since negotiated terms to prepay and will refinance — again.
“I would rather get out of it and not have to deal with Countrywide,” she said.
Just over a fifth of all mortgages in California are subprime, according to First American LoanPerformance, a data and analytics unit of First American Corp.
Some 10 percent of Florida mortgages are subprime and 6 percent of those in New York, it said.
The nonprofit Center for Responsible Lending predicted the subprime failure rate would reach 22.8 percent in Santa Ana, Anaheim and Irvine, 22 percent in Los Angeles and Long Beach, and 25.2 percent in Bakersfield.
As for Sobel, the banks began foreclosure proceedings in December. Both lenders have agreed to allow Sobel to sell the condo at a loss of $60,000 — on which he has to pay taxes.
March 16th, 2007 at 1:02 pm
what’s in it for you?
March 16th, 2007 at 1:07 pm
Hmmmm….so you are trying to turn “guru” on us? You don’t become an expert until your problem is behind you. At this point, your troubles are just beginng.
I am sure your creditors will have this number on speed dial. And we all though Dave Del Dotto was the dumbest real estate guy ever?
BTW, you may want to check www.johntreed.com and look what prison sentences were handed down to your mentors for mortage fraud and tax evasion…..
ASW= awesome
March 16th, 2007 at 1:11 pm
I will call in and ask you this question.
How do you pay daily expenses?
http://www.icantsellmyhouse.blogspot.com/
March 16th, 2007 at 1:25 pm
And IAFF continues to circle the drain…
It was fun while it lasted but this just proves what a f*cktard you really are.
How about trying to make some money? Don’t want a job…fine, try to get a consulting gig, temp, turn a few tricks…
Have you updated your financials lately?
Have you found the missing payment?
You act like a hero & advocate for those in trouble but you are essentially the cause of their trouble by running up prices and then bailing on you obligations and driving down values with your multiple foreclosures.
Why haven’t they arrested you yet?
ASW: Sweet
[It just ain’t so.]
March 16th, 2007 at 1:35 pm
How many pairs of sunglasses do you have?
How many times a day do you take a picture of yourself?
How often do you stare into the mirror?
March 16th, 2007 at 1:42 pm
You will wear your reputation in cyberspace like a long and heavy chain around your waist for the rest of your life. 40 years from now people will see what has been documented about you… every humiliating, embarrassing word and picture. Your good name is damaged probably beyond repair. How can you endure what you’ve done to yourself and your family? Is the attention worth the price?
March 16th, 2007 at 1:51 pm
Another day, another distraction.
What have you accomplished today to improve your situation?
March 16th, 2007 at 1:51 pm
Are you going to admit to mortgage fraud this time around?
LOL
“awesome”
March 16th, 2007 at 1:52 pm
Casey, YOU NEED TO GO TO COLLEGE AND GET A DEGREE! THIS THING OF YOURS IS NOT WORKING! TIME TO TRY ANOTHER PATH IN LIFE! MY anti-spam word was… LOOSE! How Ironic!
March 16th, 2007 at 1:56 pm
Casey -
You -DO- realize that nobody wants your advice don’t you? People come here for entertainment, that’s it. We’re here to watch the avalance bury you and see what humorous posts you make as it happens.
You are trying to set yourself up as a speaker / adviser… it’s not going to work. People do not want advice from a failure, failing is easy. People want advice from someone who is a success. Should you ever manage to succeed at something, you -MAY- be able to work as a motivational speaker, but even that is not certain. 100% guarantee you won’t be a successful speaker if all you’ve ever done is fail.
Find a way to profit off of the entertainment value you provide - that is the one thing you have going for you.
March 16th, 2007 at 2:06 pm
Are you trying to get unsuspecting people to call in asking for advice so you and your friends can try to take advantage of them?
March 16th, 2007 at 2:15 pm
I hope CashCall calls into the show, demanding their money.
March 16th, 2007 at 2:19 pm
@ 4. Yawn = ahahaha! Murse! That is my favorite.
Seriously though, Casey, it sounds like a waste of time. What more are you going to say? How many more times can you dance around the issues?
You might start by answering the job questions. Or what you do all day long (instead of working a 9-5 job). Opening mail does not count. I open mail at my job too - and that takes approximately 5 minutes, especially if I am not paying the bills. Which we all know you aren’t. Plus we also know you procrastinate (by your own admission) so you aren’t opening mail every day.
So what did you do today? Start there. Or hey, just work. That’s good too.
March 16th, 2007 at 2:27 pm
@Number 7
Attention, baby. That’s what’s in it for him. Exposure, attention, negative or positive, it’s what he thrives on.
March 16th, 2007 at 2:33 pm
The momentum of the comments section alone has made this blog a self-perpetuating force. Casey could write in just once a day saying he scratched his a** , and that would yield about 200 fresh comments.
I think there’s probably a marketing opportunity for someone to throw a huge IAFF convention near Casey’s house so we can all get together and know each other in person. Then we can form a parade to Casey’s doorstep at around 11 that night, sounding off airhorns the entire way.
March 16th, 2007 at 2:38 pm
Uh Oh….
I took some of your advise™ and had a real life W-2 job interview in the software field today.
I think I failed because one of the questions was “what would happen if we Googled your name?”
March 16th, 2007 at 3:02 pm
hey, the “haters” at Exurban Nation are planning on “prank” calling your webcast. fyi.
March 16th, 2007 at 3:06 pm
I forgot to ask–will I receive college level credit for attending the call-in program?
March 16th, 2007 at 3:09 pm
Advice?????? Delusion…
March 16th, 2007 at 3:11 pm
Why should I bother with the long distance charges to talk to an ignoramus who ridicules people with education, scorns those who work for a living, and hates those who offer sage advice for dealing with your problems? I got interested in your blog wondering how you were going to dig yourself out of this incredible hole into which you have put yourself, what that might mean for thousands of other homeowners now facing foreclosures themselves. But now it’s clear to me now that you have no possibilities of avoiding foreclosures, have not a single new idea, and aren’t particularly interested in the suggestions of well-meaning people who have offered help. Now, you just parade yourself in your scarves and your murse, and schedule podcasts. You are as pitiful a picture as the trailer park lowlifes battling over Anna Nicole’s corpse, grasping for some limelight and attention. Face the facts, kid: In two weeks time, your story ends when the last of your properties is auctioned off in the courthouse steps. It’s your story _ not you _ that generated the interest.
March 16th, 2007 at 3:14 pm
Tibetan Monk have question:
How will Casey pay back his debt?
Since Casey will ignore question, ask again:
How will Casey pay back his debt?
March 16th, 2007 at 3:19 pm
The comments are better than anything you ever write.
March 16th, 2007 at 4:07 pm
CASEY,
DO YOU DARE TO POST THIS COMMENT??
===
YOU GOT TOO MUCH TIME ONLINE, GO TO WORK~~~~
YOU SURE ARE WASTING TIME TO HOST THE TALK~~~
WHAT A WASTE~~~
March 16th, 2007 at 4:11 pm
Is this how you’re kicking off your last week of home quasi-ownership?
Live call in on the 21st.
The last foreclosures on the 28th.
Come April 1, what then?
March 16th, 2007 at 4:22 pm
Apparently, it’s possible for Casey to get paid for hosting the webcast - see “How can I make money with TalkShoe?” at .
March 16th, 2007 at 4:28 pm
What do YOU plan to reveal on your “live” call ?
It looks to me that on april Fools Day, you go up in a puff of smoke.
Buh-Bye
March 16th, 2007 at 4:32 pm
Hey Casey,
Here’s some advice man.
I really think you are underestimating the FBI. I think this is the quiet before the storm….
With all this sub prime stuff going on, there’s a lot of unhappy people.
Are any of your lenders New Century ? There’s an investor in New Century who’s really p****d off.
Casey - tell me what makes you any different from the many people I meet. They tell me they want to be real estate investors and want to buy houses etc… But when I send them houses, meaning they actually need to come take a look with me…well then I dont hear anything. They like the idea of RE investing, but not of spending Saturday afternoon driving round houess ? They typically have something going on.
Can you give us your dairy each day ?
You’re hiding stuff Casey. You dont need to hide all that media stuff you’re doing…..
Loads O Money
March 16th, 2007 at 4:33 pm
Hey Casey - I got an idea !
Why dont you place a bet on yourself at your local bookies office, that you go to Jail.
Then if you do, you’ll have money from the bookies to pay off your debt,
Sweet,
Loads O Money
March 16th, 2007 at 4:38 pm
I am so there, Case!
March 16th, 2007 at 4:40 pm
Hey Casey!
I just forwarded all the information about your call-in to Cash Call.
This should be f-ing funny. Nice try, a-hat. Guess you’re going to cancel it now!
March 16th, 2007 at 4:42 pm
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March 16th, 2007 at 4:45 pm
dare to post this? casey..
THIS BLOG WILL DISAPPEAR AFTER ALL CASEY’S HOUSES GONE.
NO MORE DUMB BLOG
SWEET~~~
March 16th, 2007 at 4:48 pm
@27. LOL
Casey, I didn’t finish my college degree until I was 33 years old. I thought I didn’t need it. The thing about a degree is this: You really need that ‘piece of paper’ to get respect in the world. The friend who told me this (prior to my completing the degree) was absolutely right!
You see, every time you apply for a job (which you’ll eventually have to do), you get the respect, and the $$$ you deserve. Every time you’re asked about your life, when people find out you perservered at something, they’ll RESPECT you more, and MORE things will come your way.
I am so grateful I finished my degree. That ‘piece of paper’ has seriously impacted my life.
Perfect example: had you gone to college and learned to discipline yourself, you probably would’ve rented out your homes and avoided foreclosure. You probably would’ve gotten off your butt and mowed the lawns, took out ads and done much more than just hired a realtor.
Sorry, but you REEK of laziness, and anyone who gets totally psyched over a $250 fee from a would-be, post-foreclosure buyer is NOT skilled to be an entrepreneur.
March 16th, 2007 at 4:50 pm
You asked Jerome Mayne - an expert in the kind of scams you’ve pulled - for advice on what you should do. He told you, very clearly: drive yourself down to the local FBI office with all your documents, and turn yourself in.
Why haven’t you done it? You continually ask for advice from people but have yet to follow A SINGLE ONE.
You’re the primate version a hamster in a wheel. If only you could make money from that trick.
March 16th, 2007 at 4:56 pm
By the way, on the subject of college, it’s just as well you didn’t and never will attend one. No one as retarded as you will make it through a real college. You’re right about one thing: college is not for everyone.
March 16th, 2007 at 5:13 pm
Hey everyone -
So you know, not only is it a long distance call… but as a “host” Casey gets paid for his hosting his call and the number of listeners.
Its not much $$ — enough for a sweet jamba juice or wheat grass shot.
March 16th, 2007 at 5:19 pm
How can I make money with TalkShoe?
• Hosts earn money for the first 10 episodes they create, and based upon the number of times your Talkcasts are listened to, downloaded, or podcasted.
March 16th, 2007 at 5:46 pm
#30. i can do it.com
March 16th, 2007 at 3:19 pm
The comments are better than anything you ever write.
This is a true statement. Nobody cares any longer about you. The other two homes will be foreclosed on March 28th. Obviously nobody cares, including you.
If you don’t want to be treated like a joke then don’t behave like one.
March 16th, 2007 at 6:09 pm
when will you start working on a short sale on your
new mexico property?
March 16th, 2007 at 6:23 pm
CALLING THE POSTERS OF THE PAST
Well, judging by the tone of the comments so far, this should be a most entertaining live phone chat.
If any of you hilarious bloggers from the distant past of January, December, November, are out there, we would dearly love to have you call in. I am thinking of great posters such as:
Homey Da Clown (and what was that post about a d.a.?)
Darnell Da Realtor
Yneone (Casey’s lone supporter, on many a day)
Tim from Monterey Bay (did he give up in disgust?)
Ozzie Tim
Ethical Realtor
Miguel
Stephanie
And so on. Please call in, or post, it could be like Old Home Week. And Timeline Guy, please pay a visit.
March 16th, 2007 at 6:35 pm
Overview
There are two ways to make money using TalkShoe: 1) By becoming a host or 2) By referring a host . You can earn even more by being a host and referring others!
Hosts can easily create their own Talkcasts. The more episodes you create, the more you earn. Why? Every time someone listens to, subscribes to, or downloads your recorded podcast, you earn money. When you refer a host, you get a bonus of 25% of whatever that host earns in the next 12 months. TalkShoe will cut you a check every month or pay you via PayPal - your choice.
Get started by clicking “Apply Now”.
Getting Paid
When you host Talkcast episodes, you are paid $5.00 for each of your first ten recorded episodes (to help you get started). You also earn up to $4.00 per 100 listeners (live participants and downloads), depending on the length of your episodes and the number of ads inserted by TalkShoe. Every hour, TalkShoe updates your earnings as a host, as well as your earnings for your referred hosts; you can see the reports online. Once you accrue $5 or more, you receive a monthly payment from TalkShoe.
The above is from talkshoe’s website.
Antispam word: cashback.
March 16th, 2007 at 7:25 pm
I must thank everyone at this blog for the enormous entertainment value provided here. I haven’t laughed this hard…ever.
March 16th, 2007 at 7:31 pm
# 21 hahah!!!!
March 16th, 2007 at 7:43 pm
Funny,my anti-spam word is “cashback” which is what Casey should be giving his creditors. And it is what I would demand if I had to pay to read this mess!
Why would I call in to talk to a real estate devestor? I say “devestor” because after all the forclosures, you will have been “DEVESTED” of all houses. An INVESTOR has houses & money. I don’t need to know what not to do because I wouldn’t have done the stupid things you did….because I have a brain….which I use. If I need real estate help, I will ask someone who is SUCCESSFUL!
Casey really thinks he is an investor with business partners.
I can’t take this much more of this.
March 16th, 2007 at 7:58 pm
Nigel: Any word on what kind of a prank they’re planning?
March 16th, 2007 at 8:17 pm
Homey Da Clown
Darnell Da Realtor
Yneone (Casey’s lone supporter, on many a day)
Tim from Monterey Bay (did he give up in disgust?)
Ozzie Tim
Ethical Realtor
Miguel
Stephanie
WHERE ARE YOU? YOU ARE SURELY MISSED! PLEASE COME BACK AND SPREAD YOUR BELLY-LAUGHING HUMOR.
March 16th, 2007 at 9:01 pm
Whoops Casey has forgotten this website was originally about facing foreclosure and “helping” people. Now it’s All About Me ™. Yawn… just another boring nobody talking about his favorite color.
Tell us the good stuff about Cashcall harassment, debt accumulation, failed sales… I wanna feel good about myself not learn about Casey’s View On Life ™. Casey the only thing interesting about you is your train wreck story - not YOU. Keep to the facts, like any good writer keep yourself out of it.
March 16th, 2007 at 9:13 pm
$5 per episode + $4 per 100 people listening, Casey?
You sure are going to a lot of effort to make less than $10.
I mean, if you had a part-time job at Jamba Juice you’d make that much in an hour or two and be able to drink wheatgrass shots whenever you wanted.
March 16th, 2007 at 9:14 pm
casey,
how do you have time for all this? shouldn’t you be using your time in more productive manners? after all, this isn’t exactly helping you pay back every dirty penny is it?
March 16th, 2007 at 9:26 pm
Casey,
You really need to get a grip.
It’s one thing to post your misguided adventures, but when you ask people to call in for advice, it’s a totally different picture.
Presenting the concept that you could, in fact, provide reasonable foreclosure advice moves you into a totally different realm.
AGs don’t care much about one-shot deals, if you move yourself into the “danger to society” category, it’ll be quite a different picture. I tend to think that’s where you are going, and I think it’s likely you’ll ignore this.
WTF, it’s over in two weeks anyway.
March 16th, 2007 at 10:35 pm
CASEY, DO YOU DARE TO POST THIS??
===
REASONS TO COME TO THIS BLOG,
1. NOTHING TO DO BUT TO MAKE FUN OF CASEY => 85%
2. LENDERS READ THIS BLOG => 20%
3. FBI READ THIS BLOG => 10%
4. HACKERS ON THIS BLOG => 25%
5. EDUCATION => 2%
6. IQ TEST => 30%
7. HELP CASEY => 95%
8. CASEY IGNORES ALL HELP => 200%
9. OLD FRIENDS OF CASEY => 30%
===
LET’S PRETEND TO BE LENDERS OR CASEY’S GIRLFRIENDS AND CALL THE TALK SHOW AND DEMAND CASEY TO PAY BACK PAYMENT => 200%
ASK CASEY TO PAY BACK MONEY ON THE TALK SHOW AND RECORD IT FOR EVIDENCE =>500%
===
HAVE FUN
SO SWEET~~~`
March 16th, 2007 at 11:18 pm
Forgot to ask…..since the Utah trip was a ’success,’ what are your plans with your money partner?
March 17th, 2007 at 12:46 am
i spoke to a mortgage lender, a broker, and an attorney
stated loans are ok
cash back at closing is ok, as long as it’s on a personal contract with the seller and buyer. not the closing contract.
when you buy a primary house, after 6 months you can rent it
casey wont get in trouble for cashback, or for having a stated loan.
he is only going to get in trouble for taking out 8 loans before each one could get on his credit report, so each lender thought he was only going to have 1 loan
and for lying about living in them,
then he has to worry about cashcall, taxes, declaring bankrupt, and getting a full time job
March 17th, 2007 at 12:50 am
casey if you just got a full time job you could pay back cashcall, all ur credit card debt, thennnn you can quit and make money doing something “sweet”
when you go to court, the prosecuter will say casey chose not to get a job when you could have, so you did not do everything you could. you could have had a job back in sept. thats 6 months. you would have 30,000 right now to pay back cashcall
March 17th, 2007 at 12:52 am
casey answer this…….
how much money have you made on your paypal tip jar so far?
March 17th, 2007 at 12:59 am
caseys mistakes
quiting his job when he had $30,000 in debt
buying a house with no money for the monthly payments
took all of the 30,000 cashback to pay all his debt, when he could have kept the 30,000 for the monthly payments and make small payments on his debt
bought somone one elses house at the same time he sold his house….ur suppose to sell ur house to make money, not buy another house in a real bad neighborhood
paying too much to help the buyer for his house
renting his house without doing a back ground check, then being nice to them and giving them money to leave
then buying 7 more houses and in different states
March 17th, 2007 at 1:00 am
even though you took out a 100% loan for your first house, if that was the only house u bought, and kept the 30,000 cashback and only used it for monthly payments, you would have been bale to keep the house for a year if you wanted to.
March 17th, 2007 at 5:31 am
I just want to give everyone a heads up on Casey’s “call in question and answer show”. I attended the first one with co-star Jerome Maynes. I lost an hour of my life that night.
DO NOT WASTE YOUR TIME OR MONEY
Casey will NOT answer your questions
Casey does not have any sound advice to give you
You will come away knowing what you already know (Casey is a looser)
March 17th, 2007 at 5:59 am
If anyone really cares about tracking what it’s REALLY like to face a personal financial crisis head-on you should really check out my3442debt.com. A 20-something who believed he could make easy money and kept digging himself deeper and deeper in debt now has woken up and is trying to HONESTLY resolve his situation.
A much more compelling read than another blog I know of.
March 17th, 2007 at 6:46 am
I’M A BIG FAN ($10 FROM KMART) OF CASEY.
I SEND THE JAMBA JUICE GIFT CARD TO YOU.
DID YOU RECEIVE IT?? IT’S FOR YOUR HARD WORK
(NO WORK).
BE SURE TO SAY “THANK YOU” ON THIS BLOG SO I WILL CONTINUE TO SEND YOU THE GIFT CARDS.
SWEET~~~~
March 17th, 2007 at 9:20 am
I’d like to hear what’s the future with IAMFF once the houses are all foreclosed on.
Also, have you considered contacting Jamba Juice for a spokesman position - like the “Dell Guy” or Jared from Subway? Could be a nice side income right there.
March 17th, 2007 at 9:35 am
# 69 - Guy Next Door:
“…the government is at least taking a position on the side of honest homeowners. That gives you a chance.”
Where do you get that Casey is an honest homeowner?
March 17th, 2007 at 10:34 am
Hi Casey!
Let’s make something clear - I only come here now because the comments are so hilarious. I tip my hat to timelineguy in particular. You should change the little caption at the top right of this train wreck from ‘Getting Saved’ to ‘Getting Owned’.
I would not dream of phoneing in to a scam that would result in a pitiful little chancer like you getting a dirty penny.
Ever get the feeling this situation is getting away from you?
Antispam=success. As if you will ever taste it, unless we are talking the multi-protein shot in the jailhouse shower variety.
March 17th, 2007 at 12:23 pm
Still here looking. What a spectacle!
The guy Next Door…excellent post.
Y.
March 17th, 2007 at 12:42 pm
Casey:
Like you I also ran into some trouble and I am facing foreclosure on two homes myself. I really want to make sure that I screw this up and much as humanly possible, so are you sure that you are going to be answering questions about foreclosure on your webcast, because I really need your advice( advise).
March 17th, 2007 at 12:58 pm
Casey-
I have been a reader of your blog since the profile on USA today. I am very late to the game. I think you need to understand the difference between “failing at something” and being a “failure”.
My sister started a restaurant business around the same time you started your real estate speculation. She worked her behind off putting in 60 hour weeks. All of her hard work and her business failed. She is not however a “failure”. She works her behind off at a 40 hour a week job-one that in no way compensates adequately for her skills and edjucation. She does this, so that she can pay back the loans she took to start her business-and so that she can save money for her next business venture. She failed at her business-but she is not a failure. I respect her for trying to do something-even if she did not succeed.
You are a failure. You have not simply failed at a task. You do not use your skills and edjucation to contribute to society in general or to pay back the loans you took. You offer pithy excuses. You rationalize the money you ill spend on “rewards” like Jamba Juice and Macaroni Grill. You repeatedly do not learn from your mistakes. I do not respect you-and from the tone of the “haters” on the site-they do not respect you as well.
Casey-respect yourself so that your “haters” my one day learn respect for you. Get a job. Learn a work ethic. Don’t try to scam what little audience you have left with this conference call business. Where is your dignity?
March 17th, 2007 at 2:36 pm
Boy, I got up at 4:30 Eastern today, to clean the snow off my car and warm it up to get to work. We had about 8-10 inches of snow last night, so I got up a little early to be sure I made it to work.
You see, if my employer knows he can count on me arriving on-time, ready able and willing to work, that’s half the battle.
I worked 48 hours this week, so I grossed 2,600.00. That is just the taxable, there’s another 975.00 in annuity, pension, and emergency funds, as well as excellent health insurance.
I own two SF rentals, which will add to my comfort level when I retire in 5 years, but the J-O-B I have has made all this possible.
Maybe I’m not as smart as you, I never went to any college. (But I’m smart enough to know when to keep my mouth shut). For instance, here’s a little story: An Ironworker was attaching a beam on a high rise building in NYC, and he looked up and saw a beautiful woman waving to him. She had a piece of paper in her hand. The Ironworker had a little difficulty seeing the note, as he was freezing and even the snot was frozen to his face. He walked across the beam and looked at the paper, on which was written: “It’s 71 degrees in here”. He found some scrap paper and spit a nice lunger on the glass, and stuck up his note. It said: “It’s 72.00 an hour out here”.
Get a job, you little scroat.
March 17th, 2007 at 3:44 pm
I see you’re editing posts out again. A little revisionist history? F*** you. You are a liar and a thief. What would the church think if they found out your “tithe” was stolen funds. You arrogant little prick. Go f*** yourself.
You won’t post this. Too “negative.”
ASW: sweet
March 17th, 2007 at 4:00 pm
http://www.nytimes.com/2007/03.....eymagazine
You may need to register (for free) to read this.
March 17th, 2007 at 5:13 pm
@82:
Thanks for the link post. I’m starting to understand how Casey got into this mess. He may have had (or at least he thought he had) the entrepreneurial spirit, but his lack of education allowed for him to succumb to the likes of guys like Whitney.
Casey, consider buying the book “Reminiscinces of a Stock Operator”. In that book, he goes over the lesson that you have to time the acquisition of various asset classes with the overall conditions of the market. This is a difficult skill to obtain and takes YEARS to perfect and in fact requires that people endure failure. Russ Whitney can sell you over-priced techniques; however, he can’t sell you the ability to understand market timing.
Had you taken your risk and shorted Case-Schiller index futures for RE instead of buying real estate, you could have converted your cash back into more capital to float your properties. The move to pick up the Dallas house is what did you in. You need to understand market dynamics.
March 17th, 2007 at 6:32 pm
casey did you try to buy 8 houses to get cashback from all of them?
March 17th, 2007 at 6:35 pm
Casey–
I think college is good for a lot of things, but one of the reasons it was good for me is that it kept me out of trouble, and kept me from making really dumb mistakes. In a lot of ways, I think it is a holding tank for people who need to grow up.
And my friend, I’m not a hater, but you need to grow up a little. If you had been in college these past few years, you wouldn’t be $2 million in debt.
I know you think success is around the corner, and I know you think you know what you’re doing, and I generally think you are probably truly a nice guy, but I also think you’ve screwed up your life irrevocably.
Based on your current actions, it will be years before anyone will trust you with anything again.
Rose
March 17th, 2007 at 6:38 pm
casey you do have a way to pay cashcall and some of ur debt……besides getting a job…
sell your car. you dont have a job, so why do you need a car?
if not ur creditors, or the government will take you car.
and the government is not going to play with you. they will get their taxes you owe them. and you will go to jail for mortgage fraud.
March 17th, 2007 at 6:42 pm
creditors- team of attorneys, and professional debt collection accounts that wrok full time 8 hours a day
government- f.b.i. motrgage fraud investigating, taxes that are delinquent
mortgage lenders- team of attorneys and laweyrs that will collect delnquent accounts
casey- no attorney, no professional legal team, no full time work fighting his problems,
casey is NOT trying to get a full time job, and is NOT trying to sell his car so he is NOT DOING EVERYTHING HE CAN.
YOU WILL BE SENTENCED ON MORTGAGE FRUAD, BACK TAXES, UNCOLLECTIED AND DELIQUENT ACCOUNTS.
March 17th, 2007 at 6:44 pm
caseys biggest mistake
bad money management
anti spam word “loose”……exactly! the website agrees
March 17th, 2007 at 6:44 pm
Casey to my understanding you received about $200k cashback between the 8 propertys. Care to tell us where this money went?
March 17th, 2007 at 6:52 pm
Casey,
You are hosting a call in “show” on real estate. But you have failed at real estate. So who would want to ask you for your “advise” again? I’m sorry but it just doenst make any sense to me. Only other people who are facing the same woes would benifiit.
March 17th, 2007 at 7:00 pm
“…I am hosting a live call / interactive podcast to update everybody on my story and answer questions….”
You certainly did not keep your creditors so informed.
Wouldn’t even open the mail from them.
You have a real problem with setting priorities
antispam “itsallgood” (how stupid is that?)
March 17th, 2007 at 8:06 pm
@#81
Well you just showed your intelligence didnt you. Id rather have five Caseys doing nothing on my team than one foul mouthed jerk like you. Male or female it makes no difference, your intelligence shows through, or lack of it.
No more posts please. If Casey edits your filth … I recommend he just ban you all together. Filth has no place in this discussion.
Do us all a favor … dont post any more.
March 18th, 2007 at 5:38 am
I think college is good for a lot of things, but one of the reasons it was good for me is that it kept me out of trouble, and kept me from making really dumb mistakes.
Rose, you went to the wrong college.
Haha, just kidding! I loved college, and I would recommend it to anyone. Not just for the education, but the entire experience. Nothing like living in a dorm with 500+ freshman who are all on their own for the first time!
Good times.
March 18th, 2007 at 7:14 am
If I were you I would convert this website’s content to porn. You already have tons of traffic. Also, I suspect there will be, in the coming months, plenty of out of work young women, with expensive ARM and Lexus payments. Lots of hot chicks in Cali got in to the RE game.
March 18th, 2007 at 7:43 am
Casey,
Check your super lotto ticket. Someone from Sacramento won the $72M jackpot.
March 18th, 2007 at 7:51 am
@92
I think you must lead a very stressed life, you ned to calm down.
Are you bi-polar ?
Are you a meth addict ? Perhaps you need an intervention?
Loads O Money
March 18th, 2007 at 7:57 am
Hey Casey - you need to provide more regular updates to your blog.
Nothing much is happening - and there is no real estate stuff going on.
What did you do on St. Patricks day Casey ?
I finished off my taxes and then running around houses doing stuff. What a hassle hey Casey while everybody else is enjoying St. Paddy’s day….I am having to deal with lying, thieving tenants…..
Well my payback will be in about 10 years, when I will be on the beach, sipping Pina Colada looking at the sea….
Hey Casey - can you tell me how you pay an accountant to do your taxes…….? I need to know….
What real estate stuff did you do yesterday Casey ?
Loads O Money
March 18th, 2007 at 9:36 am
@82
Thanks for the link. . .
Funny, I bought Russ Whitney and Carleton Sheets courses on e-Bay for between $5 and $40 each (plus shipping). Mostly they seemed to be worth what I paid. . .
March 18th, 2007 at 10:28 am
Casey,
I like the “My Properties” history sidebar.
It’s like listing the schools that you never graduated, just bouncing around making you look educated and successful.
By the way, I knew one guy who was in college for 9 years…with no breaks!!! It amazed me.
March 18th, 2007 at 10:34 am
ASW = millions (as in millions in debt)
Happy Sunday Casey !!!
Did you go to church today? Did you tithe with CashCall’s money? Give us all the details!
March 18th, 2007 at 10:49 am
Hey Casey,
Good thing you went to those real estate seminars. Here’s a sample question I’ll throw at you during this call in;
What is consumption space?
A. A space for a restaurant
B. Residentail rental space
C. An apartment that uses a lot of electricity
OR
What is production space?
A. A whorehouse
B. Professional Rental Space
C. Artificial insemination room
Bone up on these and maybe you can talk with the real investors that went to college…I’m not a hater, but when I was in college I was in programming like yourself, but when I made the move to real estate buzz words like cashflow only lasted through the first 5 minutes of conversation. After that everybody brushed me off as a newbie. I went to barnes and noble and bought several used text books on commercial and residentail property and then a book on construction. After reading these I was really in the game.
The only useful hint I ever recieved from a guru was from Donald Trump. It went along the lines of usually the lowest bid in a construction deal is just some guy who knows he’ll get to rape you on charges later on for changes or unforseen difficulties. He just submits the lowest bid to get the job. I’ve seen this firsthand many times when a friend of mine took a 1500 bid to replace 24 windows that turned into 4000 (2,000 over the highest and most reputable bid). Go Trump.
March 18th, 2007 at 11:11 am
Casey,
It’s Sunday evening.
I just did my taxes.
I have no debts whatsoever, just savings.
I am a W2 programmer and I look forward to going to work tomorrow.
Life is good.
You need to stop wasting your time with this blog; I sincerely hope you are you familiar with the concept of schadenfreude.
March 18th, 2007 at 11:23 am
We’re still waiting to hear on the Rio Rancho property.
I see it’s still listed on the MLS today for $399,900.
I thought a short sale had been done?
Is it going to go to auction on March 28th as originally scheduled?
**
Antispam word: “cashback”
March 18th, 2007 at 11:24 am
Snowflake-
Why would I help put one dirty penny in your pocket by “attending” this call-in/circle jerk?
You’ve made enough money off me by selling my e-mail and web addresses. No mas.
Anyone who listens to your advice should be advised to do as George Costanza did on that Seinfeld episode when he did the opposite of whatever his first impulse was in any given situation, and ended up getting a job with the NY Yankees.
March 18th, 2007 at 11:28 am
NOW you teel the world what you do for st. patty’s day you chee. what you drink to solve your dept you moep. I now how slim act, so now is time for some Halo.
March 18th, 2007 at 11:48 am
Casey, I’ve never even heard of “GURUS” or “MENTORS” unless the scamy salesman on TV are so called “gurus”
I also read 82’s link
http://www.nytimes.com/2007/03.....eymagazine
Even all these “GURUS” worked VERY HARD.
You didn’t.
Oh well…
I would say something, but I think it’s too late for you.
March 18th, 2007 at 11:54 am
Shouldn’t we all be supportive of Casey, since he has humble roots, and has indicated that he wants to right his wrongs? He just took money from greedy reckless institutions determined to squander the capital of the military industrial complex. Why do people want to pull him down further into the water? People forgave Jimmy Swaggart, and Casey has never pointed an accusing finger at anyone, not even meat producers or handgun manufacturers. Look at how far Casey has come from Tashkent. Is this the American way? What is it with you people?
<I>Insert flame here.</I>
March 18th, 2007 at 12:07 pm
Casey, just the thing for you:
http://www.dailynews.com/news/ci_5457641
Land giveaway in Alaska. Better hurry because you need to be there by 9am Monday.
ASW: letsdoit
March 18th, 2007 at 5:06 pm
Good luck Casey.
. M>ake the comeback though for the ending, ok? thanks.
I’m pulling for you big time. If anything, you’ll always have a great story to tell
Just curious, to anyone who knows, what’s the percentage of millionaires in the world population?
bye
March 18th, 2007 at 6:02 pm
=> 108 Lost Cause Shouldn’t we all be supportive of Casey, since he has humble roots, and has indicated that he wants to right his wrongs? … Casey has never pointed an accusing finger at anyone, not even meat producers or handgun manufacturers. …
Buddy, you’re obviously a newbie.
Casey has indicated by his written posted words that he wants to right his wrongs, but has not at all indicated that by his actions. Quite the opposite…
“meat producers” … “handgun manufacturers”… - WTF!?!?!? I want some of what you’re smokin’!
March 18th, 2007 at 7:22 pm
Casey,
Just wanted to chime in and tell you that I’ve learned a lot from your blog. I’m not invested in real estate, and I think you’ve been a disaster as an investor. However, I have learned more about real estate investing, how parts of the real estate and lending businesses work etc ..stuff I’m interested in, but didn’t take time to think about before seeing your blog (I saw your first in Bob Shallit’s column.).
Anyhow, despite what the ‘haters’ say, the blog is doing its job for a lot of people. I get what you’re doing here, even if it frustrates others.
Good luck
Allen
March 18th, 2007 at 8:23 pm
Oooooooooooh a live call ……cool, This blog is getting more and more interactive everyday. I thought a movie would be cool but maybe you could put out a Casey computer game!
Sweet.
March 18th, 2007 at 9:22 pm
Can you please add the following anti-spam words to make them more relevant as your story progresses?
Prison
Divorce
Garnished
Homeless
Indictment
Failedbookdealwithnigel
Plea Deal
Conspiracy
Fraud
1099
Repossesion
Felonious
I think those words would make posters feel as if they were contributing more and enhance the organic experience of this blog- Thanks
March 18th, 2007 at 9:48 pm
God, Casey, you are so owned. This is not funny anymore. Good luck doing hard time.
March 19th, 2007 at 12:43 am
: Snowflake- Why would I help put one dirty penny in your pocket by “attending” this call-in/circle jerk?… Rio Rancho Friend: We’re still waiting to hear on the Rio Rancho property. I see it’s still listed on the MLS today… Anthony: Casey, It’s Sunday evening. I just did my taxes. I have no debts whatsoever, just savings. I am a W2…
March 19th, 2007 at 5:50 am
Loads O Money …..
,,!,, …. enough said.
March 19th, 2007 at 6:10 am
Why don’t you do a call in about how to avoid work?
Your Friend
Cotton Swaby
Award Winning Commenter
March 19th, 2007 at 12:00 pm
Gee Casey I think your new guru is Jerome Mayne, mortgage fraud felon. I’m guessing you want to be a public speaker because hey if Alan Greenspan and Jerome can do it why not you, right?
I mean besides the fact that as a speaker you are BORING to listen to? Your conversation with Jerome took over THIRTEEN MINUTES of you babbling on about your ’situation’ before Jerome ever said a single word. For the love of Pete you could have shut the h*ll up and played ‘Stairway To Heaven’ (the 13 minute extended remix version) and then just let Jerome talk and your listeners would have been better off. But I digress…
The deal with emulating Jerome is that you are gonna have to go to jail first. Do not pass go, do not collect $200 (especially not from CashCall). You are going to have to serve some time, make financial restitution to the people and institutions you ripped off and make your peace with whatever spiritual guides you purport to follow.
In short you are going to have to pay your dues Casey and get some d*mned credibility.
Greenspan can get $100K+ for speaking because he ran the Federal Reserve (the fact that he encouraged a lot of loose inflationary monetary policy that made Jerome’s and your little scams possible not withstanding).
Jerome knows of what he speaks because he did his jail time and made some attempts at amends and has some expertise to offer having worked as a mortgage loan officer (who presumably knows the difference between acting lawfully and acting fraudulently).
Your ‘expertise’ is *nil* unless ducking reality while running up CashCall bills, chugging wheatgrass shots at Jamba Juice and otherwise being foolish at the expense of others (including the family renting the Utah house and possibly some of your relatives).
In short fuggedaboutit. Keep dreaming and bouncing on that big blue ball of yours Casey. I sure as h*ll won’t be listening (and reading Jerome’s site http://www.maynefelon.com/ instead)
Ironically the anti-spam word = juice = something of which Casey has ZERO. No cred here folks…move along, nothing worthwhile here.
March 19th, 2007 at 6:29 pm
I’m looking forward to your teleseminar. I believe you can learn something from anyone’s experience in the real estate business. Even though you admittedly have made some errors and perhaps irreconcilable mistakes Casey, I think for a young person to have the drive you do in the real estate business is something to be admired.
I’m not going to judge your behavior and you will face whatever awaits you for your past misjudgements. But based on the change in attitude I’ve noticed lately: your willingness to share information and help others, I think you will be ok. You have many years in front of you to get better or to get worse. But I’m wishing the best for you.
As you can see from the downward spiral of the mortgage brokering businesses there were many in the business who did not use sound business practices. There are many realtors, inspectors, mortgage lenders and others who are at fault for what we see today in the rise of foreclosures.
For a long time some real estate related professionals were just plain greedy and would use any means necessary to make a sale even if it was not in the best interest of their client. But individual buyers are equally the blame for what we see today; many knew they were buying more than they could afford but their need to impress their family and friends overrided their common sense.
Of course some disasters such as loosing employment and a negative economy are beyond our control; but for those who once were on the path as you once were–getting rich quick–they have learned that this strategy doesn’t work as touted by many of the real estate gurus.
I think we all have to look at the “greed” factor in our lives and realize that there are consequences for our behaviors which in the end can affect our relatives, friends, family and communities.
I commend anyone with the character to do a painful although beneficial examination of themselves and strive for personal growth and share what their triumphs and mistakes with others.
March 19th, 2007 at 9:57 pm
@110. Ernie W
A little more than one tenth of one percent are millionaires.
About half of the world lives on less than two bucks a day.
In other word cassey’s little itty bitty mistake is the equivalent of taking care of over three thousand people for over a year.
Think about that next time you want to cheer lead some scammer.
March 20th, 2007 at 2:08 am
rank blogs. He’s in the number 10 position on google under the term foreclosure. Despite the controversy which surrounds his foreclosure lifestyle, a visit to his web blog and participation in tele-events is one you can’t afford to miss. Read more here…
March 20th, 2007 at 7:32 am
Looking forward to it.
March 20th, 2007 at 12:23 pm
Casey
We are ready to interview you to be the voice of our latest Muppet, Jamba Monster. Your voice is perfect.
Please contact us as soon as possible.
Regards,
Jim Henson
March 21st, 2007 at 6:00 pm
Okay - manpons is the funniest new buzzword for Casey ever! Can we get that into Wikipedia for him?
March 21st, 2007 at 7:04 pm
The lady at the end started to swear and said he hung up on me. No he did not hang up on you but you dominated the call with your boring self effacing motherly advice which no one asked for. Gee Lady you messed up the show.
March 22nd, 2007 at 4:36 pm
Casey,
i google “foreclosure” and i couldn’t find you on the list anymore,
are you quiiting?? or google ignore you now???
“lazy” is a perfect word for your Anti-spam word, pls add it~~
March 22nd, 2007 at 4:40 pm
GOOD NEWS,
A GAME COMPANY WILL RELEASE THE “CASEY GAME” AT THE END OF THIS YEAR (AFTER CASEY GOES TO PRISON) SO NO ROYALTY TO HIM.. SWEET~~~~
LET’S HELP THE GAME COMPANY TO DESIGN THE GAME.
ITEMS TO COLLECT IN THE GAME.
1. JAMBA JUICE
2. PURSE
3. MANPONS
4. LIPSTICKS
ETC…
IT’LL BE A GREAT GAME…
STAY TUNE….
March 23rd, 2007 at 6:48 am
Thoughts from Casey’s talk the other night:
- He is really a pretty slick talker for a 24-year old. All BS, but it flows pretty well for one so young. Good future as a con man, once he finds the right target market.
- He lies so much and so easily. Not convincingly for the discerning ear, but a large % of the populace aren’t very discerning.
- I think his target market is something like driveway paving for the elderly, or selling fake watches out of the trunk of the Jetta.