December 21, 2006

UPDATE: Casey Serin not in jail (yet), just hiding out as his life unravels


Poor kid, it's all falling apart now. Maybe jail would be an improvement? But where are the Feds? Just too busy to care about mortgage fraud I guess..

Anyone want to guess the over/under for when Casey does get the big knock on the door? My guess: April 2007. I guess the banks have to file a complaint first?

My advice for Casey: file bankruptcy, turn yourself in, go States Evidence, write your bestseller book, and live the American Dream - Ring Up Massive Debt and Don't Pay It Back!

Here's his update:

Avoiding Stress = More Stress

I’ve been a little out of it last couple of days.

After coming back home to Sacramento on Monday I was feeling very overwhelmed by the “reality” that was/is waiting for me:…

* still facing foreclosure on 4 houses…
* well over $150K of unsecured debt…
* decision to file bankruptcy or not to file bankruptcy
* uncertain job situation… utah mortgage issues
* lack of discipline and lack of progress on December goals
* being too distracted to do any more real estate deals…
* serious marriage issues…
* oh and on top of all that my laptop died!

So I kind of hid from the world for a couple of days. No cell phone, no email, no blogging, no comments.

17 comments:

Anonymous said...

He needs an intervention.

Anonymous said...

life will be the intervention

Anonymous said...

Life must suck for all flippers caught with their shorts down after people wised up

Anonymous said...

As Red would say: dumba$$

Anonymous said...

I want to see a graph of casey's debt over time, would be amusing.

Seriously though, what is this going to say to the next generation if all casey gets from this is a few hours community service and a hug from oprah.

All you guys talk like he is already on death row, but I have a feeling he will get very little

chris g said...

I agree....it seems like the people who are getting jail time for what I think are pretty serious mortgage fraud offenses are getting maybe 18 months in the clinker? I can't imagine Casey getting more than 3 months because:

1) He has demonstrated that he wants to "make things right" and "come clean", even though some people don't buy it.

2) He is not hiding at all! Not trying to run away from the problem.

3) Even though you don't have to make money to commit fraud, Casey may very well end up losing a ton of money. It's like he fined himself without intervention.

Mozo Maz said...

Maybe Casey is on the verge of "Acceptance" stage. There is no way out. His ship is gonna hit the rocks.

stardust said...

The online marketplace for people-to-people lending...

Who can borrow?
Any adult US resident can create a listing for a loan on Prosper. After passing identity and fraud checks, borrowers can request unsecured loans from $1,000 to $25,000 at rates they select.

http://www.prosper.com/

Patch Tuesday said...

No cell phone, no email, no blogging, no comments?

Sounds a lot like jail, Casey should get used to living like that...

Anonymous said...

Love how Casey seems a bent out of shape that he has to take time out from his "trip" to deal with the mess that he has created.
How do you owe so many people money and they you have the nerve to take a trip???

Robert Coté said...

When he jumped off the cliff he could see forever and thought he was flying. Then the cliff was just a blurr. Now the ground is coming into sharp focus. If you saw anything on his blog I suggest you grab it and archive as it may not be up much longer. Homey and Sputnick are gems.

Anonymous said...

He needs an intervention. I feel for the kid, but I'm STILL SEEING people trying to get rich on Phoenix real estate (SFR's for that matter).

Brutal, just brutal.

Anonymous said...

HOMEY SAYZ TOO FUNNY,

" Casey Serin
December 21st, 2006 at 11:32 am

Man this really sucks… Google banned me from AdSense, probably for click fraud on the part of my blog readers… I found out late last night after I moderated all the comments.

This morning I did wake up ontime and got up but then looked back at the cozy bed (and wife sleeping soundly) and thought about all the problems and collapsed back into bed for another couple of hours. That only brings temporary relief and more stress when I wake up. Man am I starting to have a hard time getting anything done"


Casey gots some issues fo sho.

Add to da list ADSENSE fraud.


BWAHAHAHAHA

Love,

Homey

Lost Cause said...

He needs de-programming. I hope he can handle the fact that he has been a sucker for so long. Sad to thnk that I have cousins in Phoenix that are probably big time bag- holders. I faced forclosure, and becoming debt free was the best thing that ever happened to me. I hope Casey gets to spend most of his time on the phone with collection agents. He already is cozy with crooks.

Anonymous said...

* serious marriage issues...

Does this mean no more credit cards?

Casey definitely needs to get a St. Joseph Home Selling Kit. Only $6.95.

Lost Cause said...

I can't watch this anymore. It is too ugly.

HONICA JEWINSKI said...

LMFAO!!!! What a freakin moron!!!!