Another new HousingPANIC Hero - Representative Tom Feeney from Florida, rising in opposition to the Housing Gambler Bailout Bill

Here's Representative Feeney IN A GREAT GREAT SPEECH railing against using taxpayer money to bail out speculators and mortgage fraudsters, who took out "options" to buy a home (i.e. put no money down) and lost.

The Democrats have a real loser on their hands with these Housing Gambler Bailout plans. The GOP should take this issue and run with it. Too bad their new standard-bearer, Flip Flop McCain, didn't stick to his guns.

The Housing Gambler Bailout is the new Terri Schiavo. Politicians who want to win in November need to get on board against this stinker.

This is what the end of a Ponzi Scheme looks like. And these are the housing gamblers who better not get a penny of taxpayer money.

Destroyed housing gamblers.

Failed flippers.

Exposed mortgage fraudsters.

Homes as lottery tickets.

The vast majority of people "losing their homes" are not the innocents portrayed in the media or by Hillary Clinton, taken advantage of by "predatory lenders". They're just your typical losers, chain smoking at the casino, hoping against hope for 'the big score' that never came. They're gambers who bet and lost. They're people who committed mortgage fraud, yet won't see a day in jail.

AND THEY ARE NOT DESERVING OF ANY KIND OF TAXPAYER BAILOUT. GOT THAT OBAMA? GOT THAT HILLARY? GOT THAT MCCAIN? GOT THAT PELOSI, REID, SCHUMER, DODD AND BUSH?

Thanks Seth for the link... Great series on the crash at the Minn. StarTribune. Read 'em all, and you'll be especially enraged with the rampant illegal cash-back schemes that were out there. Crime paid HP'ers, even for the gamblers going into foreclosure. Why? They got to keep the cash, and mortgage fraud isn't a crime anymore in the United States.

Housing bets gone bad

Wright County was a haven for speculators -- until they got burned in the downturn.

Across the country, from the desert suburbs of Las Vegas to the treeless subdivisions of Wright County, many homeowners face a predicament of their own making.

They gambled big that housing prices would continue to shoot up. Some bought homes as often as others buy new jeans, occasionally in return for thousands of dollars in kickbacks. These investors ranged from small-town working people looking for a quick payday to sophisticated real estate professionals who bet with other people's money, occasionally defrauding lenders in the process.

Now, with home prices falling and mortgage payments rising, panic has set in. Investors are dumping houses on the market before prices collapse further, or simply turning the keys back to the lender. That, in turn, is dragging down values for even longtime homeowners, wiping out the equity they'd built up over the years.

Housing Crash Consequence #2857: Screwed Homeowners Associations

Again, like a broken record, as predicted here, homeowners associations across the land are running into big issues now that the housing gamblers and failed flippers can't pay their monthly nugget - or can't even be found.

Choice A: Cut services
Choice B: Get the demoralized residents to keep up the joint
Choice C: Raise everyone else's HOA fee
Choice D: Go bankrupt
Choice E: All of the above

I'd love to hear what's going on in Failed Flipper monuments like the Third Avenue Lofts in Scottsdale, or the Club at Brickell in Miami for starters. Not quite the HOA-paid-for wine and cheese parties everyone expected, eh?

Foreclosures force HOAs to cut corners on upkeep

Homeowners associations strapped by unpaid assessments related to the foreclosure-ridden real-estate market are mustering volunteer work crews, cutting maintenance jobs and scrimping on landscaping to save money.

Phoenix, Chandler and Avondale are among Valley cities fielding calls for help from HOAs that previously turned only to their own boards of directors and management companies.

Rising Foreclosure Rates Cause HOAs To Fall Into Bankruptcy

ORANGE COUNTY, Fla. -- The Avalon Lakes Homeowners Association was on the brink of bankruptcy. At one time, it had a $140,000 deficit. The subdivision said people who fell into foreclosure stopped paying their HOA FEES.

“The people that weren’t paying, still aren’t paying and we’re basically paying for them,” said Cynthia Weclew, a homeowner.

There are concerns about what will happen to the communal areas of the subdivisions if the HOAs can’t afford the upkeep.

Please tell me that these type people, and these housing porn TV shows, are going to go away now that housing has crashed

Flip This House
Sell This House
Flip That House
Flipping Out
MTV Cribs
Property Ladder

BARF!!!!!

Make it stop. Please make it stop.

Here's a little blog written by a lady who lost $700,000 speculating during the housing bubble

Unfortunately a lot of financially naive people are getting nailed out there during the housing crash. Here's one of 'em.

Seems like a really nice lady who had no business speculating in real estate and has lost thousands. Hundreds of thousands. Like $700,000. And is now blogging about it on her "overcoming real estate losses" blog. I feel for people like her, but at the same time it was people like this (along with the corrupt REIC on commission who enabled her) who inflated the housing bubble and ruined America.

Be nice HP'ers, and take this blog for a spin. Lots of good tidbits. Here's highlights from her first post from a few months ago. Amazing. And you wonder why the banks are failing. Ponzi Scheme HP'ers. One big Ponzi Scheme.

You Lost How Much??? - The time has come!!

Real estate investors who have lost money need support. I'm hoping that this will be the place to get it. Or, at the very least, whine about your experience and feel better.

My husband and I entered the real estate investment market at the end of 1999 (we are not agents or in any other related fields), when we were 33 years old. At the suggestion of my brother (who didn't enter the market until much later), we used the exploding equity in our house and started buying single family homes in Riverside County of Southern California. We lived in San Diego at the time and couldn't make the numbers work there, so we traveled 45 minutes north up the 15 and landed in Temecula, just over the county line (with houses priced 1/2 of the going rate in San Diego). We didn't know it, but Temecula was on the cusp of booming--and so was our portfolio.

In 2005, we had millions in assets. By then I was having our sixth baby and couldn't manage the houses myself. Our equity had now doubled, but we had a negative cash flow each month.

I'll give all the details in later posts, but the bottom line is that two years later (right about now) we have realized a loss of about $600,000 to $800,000.

Why are people who committed blatant, verifiable and illegal mortgage fraud being labeled as 'victims'?

If they went out and killed someone, and then said "hey, I didn't know murder was a crime", would they be a victim?

All these "victims" that the likes of Jesse Jackson and Chris Dodd are promoting are criminals who knowingly, stupidly and greedily committed mortgage fraud (they were called "liar's loans" for a reason). Instead of expecting a taxpayer-funded bailout, they and their co-conspirators should be expecting a taxpayer-funded FBI agent to come knocking on their door.

If we were a nation of laws that is, and not a nation of "victims". My fear is that we're now the latter, and that's why we're in the mess we are today.

Ladies and Gentlemen, the circus has come back to town. Iamfacingforeclosure's Casey Serin is back online, and going on Dr. Phil in a few days

Thought you'd want to know

Baaa da ba da ba da bum bum

Baaa da ba da ba da bum bum

(Bonus Questions: I wonder if he's in line for the Christopher Dodd Housing Gambler Bailout. And who's going to jail first - Casey or Angelo?)

If the NAR-controlled US Congress has their way, soon you'll be able to walk away from your house even easier. Oh, the unindended consequences!!!

Now this is the type of failed flipper and housing gambler bailout that I may actually be in favor of. Before if you were a failed flipper (OK, let's just say Casey Serin for example) and you did short sales or foreclosures on your debt-trap, you got 1099'd by the bank and had to report the shortfall or debt forgiveness to the IRS as income.

- Listen to a realtor and buy a hilariously overpriced apartment for $1 million
- Short sell it for $600,000
- $400,000 got reported as income, and you had to pony up 28% in taxes (at least)

And now?

$0 baby! No taxes! NAR-Party! Just like the NAR-written no tax on home sale proceeds legislation that caused the bubble! Great news for the housing market!

Well, not exactly. Why? Because now millions of upside-down housing gamblers will have even more reason to short sale or just walk away. You think America has a foreclosure and home price crash problem today? Oh, just wait. If this sucker passes, and I think it will, it'll be GAME ON! Inventory will explode, lawns around America will go brown, prices will come down even faster, and can you say RTC2?

Here's the corrupt monkeys at the NAR, you know, the people who care so so so much about the commission-payers (I mean poor folks) who are losing their homes:

Realtors(R) Applaud House Passage of Mortgage Cancellation Tax Relief

The National Association of Realtors(R) praised the U.S. House of Representatives for today's passage of the Mortgage Cancellation Tax Relief Act, H.R. 3648, by a vote of 386 to 27. Since the early 1990s, NAR has advocated for repeal of the current law, which forces individuals to pay an income tax when they have had a loan forgiven or have had to foreclose because of their inability to pay their mortgage.

"Congress made a good decision today that will affect many Americans who find themselves in a truly bad situation," said NAR President Pat V. Combs

"Realtors(R) are about building communities, not just selling homes. We must work together to prevent the dream of homeownership from becoming a nightmare," said Combs. "This is just one step that will help families get on with their lives and begin rebuilding their economic security."

HP Exclusive: You know you were curious... Casey Serin of iamfacingforeclosure.com gives HP a "where's Casey" update

I know, I know, we're a bunch of "haterz", nobody wanted to see the kid catch a break, and the day he shut down the blog was a good day... right? But come on, you HAD to be a bit curious, eh? Well, here's Casey. Enjoy. Or not. But don't get mad at HP - just doing my job folks.

That said, I won't be happy until Casey is called in front of Congress in 2008 to tell his story. Take it to the bank - that day will come.
_______________

I hope this message is taken as sincere. I have no more reasons to
"spin" anything...

I'm working a stable consulting job for an experienced entrepreneur.
Consulting is a generic term which means I'm doing whatever needs to
be done. The best part is I have a slice of ownership in the venture.
So its the best of both worlds - the stability of a 9-5 with weekly
paychecks while still giving me lots of flexibility, a chance to build
something and share in the profits. Very much a blessing. So I'm
getting back on my feet financially, though very slowly.

Trying hard, REALLY hard, to not get distracted too much by "pie in
the sky" stuff and my temptation to go back online and in media.
Turning down the Dr. Phil show recently was a very tough one! I have
to remember that it was the online/media over-exposure that was the
"last straw" in my marriage breakup, amongst many other things.

Its obvious that I cared much more about my "fame" and potential sweet
deals/opportunities that might come as a result, than the concerns of
my wife and our unity. Also there was that hand-written promise I
made to her to shut down the blog, get a job and lay low for 2 years
or more. I want to keep that promise, even if I never get back with
her. It's the right thing to do and will teach me to honor my word.

And yes my wife and I are still separated, unfortunately. I am
learning some really really hard lessons about how fragile
relationships really are. As I'm sitting here all alone typing this
email at 4:48am (all nighter), I'm thinking back to a time when she
was right here by my side. Man, how stupid I was to ruin such a great
thing! Now I can only work on making things right in my life and pray
that God gives me another chance with her.

As you've seen, I sold the blog for 50K - huge thanks to Aaron Krowne
of www.ml-implode.com. I finally did the right thing (though
reluctantly at first) by paying off all the debt that was in my wife's
name as well as most of our private loans. It was really my own debt.
She trusted me with her credit to use for the real estate deals.
What did I do? I ruined it and broke her trust (not the first time
unfortunately).

Paying off that debt took a little over 40k. Plus there were a couple
of previous "partners" that I had to pay to make things right -- more
painful lessons on promising too many things to people and not keeping
those promises. The attorney fees to undo some of those entangling
relationships took a big chunk. G kept the Jetta so I also bought a
cheap used car for myself for 3K. So that's where that 50 grand went.
All gone, but for a good purpose.

Not sure what I'm gonna do about the approx 500K of debt still in my
name. That figure includes both credit cards, deficiencies on
mortgages and a private loan. Its just an estimate as I won't know
until all my bank-owned properties get sold. My desire is still to
find a way to pay back "every dirty penny", but I also have to be
realistic. I am considering Chapter 13 bankruptcy. It forces lenders
into a repayment plan and I can start cracking away at it. But I'm
not sure yet if that's the right plan. Too much things are still up
in the air. We'll see.

As far as FBI and "mortgage fraud "investigation goes, I don't have
any news. Last I heard they still have a file on me and perhaps
they're just taking their sweet time. I do have a defense attorney
and plenty of proof to show I did not have any criminal intent and had
plenty of reliance on professionals.

Of course I made some bad business and ethical decisions with the
loans. Then I was naive enough to blog about it in vivid detail and
let people blow it out of proportion. It was fueled my idealistic
desire to help others by sharing my experience of what "not to do". I
sure hope my story helped some people, both those facing foreclosure
and especially newbie investors to be more careful.

I am not excusing my behavior and am ready to do whatever I can to
"right the wrongs", like attempt to pay off the debt. All I know is I
have to continue doing the right thing and let the "chips fall where
they may". Living in fear is not going to do me any good.

Man, do I wish I didn't have to go through all this crap but I was
blinded by my reckless pursuit of financial success. It was
definitely fun and adventurous at the time (like the Australia trip),
brought me some great contacts and relationships, etc. In the end it
was much more harm than good. Loosing my wife that is.

Having said that... I'm not giving up on my dreams of financial
success. God gave me those desires for a reason. Instead I am even
more determined to pursue it but in a safer way - even if takes
longer. Biggest thing is I must put my loved ones first. For it is
because of them, my family and friends, that I want to become
financially independent. I'm looking forward to that day when I can
share my abundance with them. But in the mean time I have plenty of
non-financial abundance I can share - love, caring, quality time, etc.

About 3 weeks ago my 25th birthday came and went. I did not
accomplish my goal of 5K/mo passive income - a goal I set 7 years
earlier. I'm OK with that. The truly tough part was not being with
The One whom I really wanted to share that special moment with. I
guess we take for granted the things that truly matter
(relationships), until they're taken from us.

Anyway... this is the last the online world will hear from me for a
long long time. All in all, the past year has been some of the
craziest times of my life. That's for sure. I thank both the haterz
and the supporterz. Everybody played a role.

In closing, I will say my favorite line.... "Its all good!" I'm
still an optimist but (hopefully) getting wiser through painful
lessons and many lonely nights.

Casey Serin

Open Thread: HP'ers let Ben Bernanke and the Fed know what's on your mind

And advice for Ben for Monday?

Cut 1/2?
Cut 1/4?
Hold?
Raise 1/4?
Quit?

HP's advice: Hold steady, and send this message to failed flippers, housing gamblers, reckless lenders, stupid builders, ramen eating realtors, immoral mortgage brokers and brain-dead bankers: We're done with bubbles. You made your bed, now sleep in it.

Fed Treads Moral Hazard

Wall Street has a dream: that the Federal Reserve will rescue financial markets with a sharp cut in interest rates.

Behind that dream lurks a problem, something financial people call moral hazard.

Moral hazard is an old economic concept with its roots in the insurance business. The idea goes like this: If you protect someone too well against an unwanted outcome, that person may behave recklessly. Someone who buys extensive liability insurance for his car may drive too fast because he feels financially protected.

FLASH: Foreclosures soaring, and in mortgage meltdown cities failed flippers are just turning in the keys

Goodbye Florida.

Goodbye Arizona.

Goodbye California.

Goodbye Nevada.

And hello 50% falls in home values. No matter what lying realtors on commission try to tell you.

Subprime Mortgage Woes Push New Foreclosures to a Record High

WASHINGTON (AP) -- The number of homeowners receiving foreclosure notices hit a record high in the spring, driven up by problems with subprime mortgages.

Analysts said the problems in the formerly red-hot housing markets of California, Florida, Nevada and Arizona reflected in part speculators walking away from mortgages they can no longer afford.

During a five-year housing boom, the prices in these areas surged, creating what many analysts have described as a speculative bubble as investors bid up the price of homes hoping to quickly resell them for a profit.

Now with home sales falling, the inventory of unsold homes rising and prices stagnant, some speculators are choosing to default on their mortgages.

FLASH: Bernanke having closed-door meeting with homebuilders who f*cked America. So when does he meet Americans f*cked by the homebuilders?

If Bernanke and the Fed cut rates (when they should be raising) to bail out the hedge funds, banks, housing gamblers and homebuilders who made poor decisions these past few years, then all bets are off, especially when it comes to the US dollar, which will immediately and irreversibly melt down.

If the Fed cuts to bail out the bad decisions of homebuilders, housing gamblers and hedge funds, even after Bernanke expressly ruled this out, the moral hazard implications will be off the charts. Kinda like giving in to hostage takers - it only causes more hostage taking in the future.

What will Ben do? Moment of truth HP'ers.

I think he's a puss, run by the bankers and Bush, and cuts 1/4. He'll say he's cutting because of the downturn in the economy due to the housing crash, and softening of the "official" government inflation reading, but we'll all know he'll be cutting to bail out the builders, hedge funds and banks.

But even a cut, and as the economy melts down there'll be cut after cut after cut (see Japan), it won't matter. Housing prices will continue to fall, demand will continue to shrink, the dollar will plummet, and this Ponzi Scheme will come to its rightful and natural end.

It hath been foretold.

Builders Meet With Fed to Discuss Mortgage Crisis - Industry officials are likely to lobby for an interest-rate cut and assistance for struggling homeowners.

Some of the same builders whose companies created the excess inventory that helped push the housing industry into its current downturn are reportedly meeting today behind closed doors with Federal Reserve chairman Ben Bernanke to discuss what can be done to prevent owners from losing their homes to foreclosure.

The actual agenda of the meeting, however, is not completely clear, as NAHB - which arranged this meeting through its High-Production Homebuilders Council - and spokespeople for several large home builders declined to answer questions about it.

Ain't gonna be a housing gambler bailout. Why? Because politicians like to get re-elected and the bubble blogs made them listen

It's funny, a lot of 'em thought giving away free taxpayer money (like New Orleans) to failed housing gamblers would've been politically popular. So the wildly-unpopular and politically tone-deaf Bush and the Democratic Congress got together on the bailout idea, thinking it'd help both their anemic ratings.

Not.

Americans aren't quite as dumb as Dodd, Clinton, Obama, Schumer and Bush thought they were. And tax paying Americans who live within their means, read the fine print of contracts and have a sense of personal responsibility are OUTRAGED that our corrupt and incompetent leaders were thinking of bailing out failed flippers.

Ain't gonna happen. Mark my words. And it's because of you HP'ers, and the bubble blog community. Nice work everyone. We're ahead of this story, and we're driving opinion via the copy/pasters at the MSM now.

Is America really pro-bailout? - Politicians are sorely misreading public opinion of imperiled homeowners who bought into the bubble.

Here's one tale of sub-prime woe you may not have heard. Casey Serin, a twentysomething real estate investor in Sacramento, bought eight houses in four states with little or no money down, couldn't sell them and couldn't pay the mortgages, and so naturally began losing them to foreclosure. He then began keeping a self-pitying online diary he called Iamfacingforeclosure.com.

Serin hasn't drawn much notice from politicians or the media, but real estate bloggers have so vilified him that CNet's news.com granted him the title "world's most hated blogger." And cases like his help explain the disconnect between public opinion and bailout-happy politicians and the elite media: According to a recent Fox News poll conducted by Opinion Dynamics, there's 70% opposition to a taxpayer sub-prime bailout.

"It is amazing all the sympathy we are seeing from politicians for people who knowingly took out loans they couldn't afford, often lying on their applications to do so," commenter "srl" posted at the LA Land blog I write for the Los Angeles Times. "Usually," added "Brian," "when the facts are examined closely, we find people who . . . took a chance that house prices would keep rising, that they could remodel the kitchen, buy the truck and the motorcycle, put it on the credit card and pile that debt into the next refinance. ."

You can find thousands of similar comments on scores of "housing bubble" blogs. I asked Patrick Killelea, whose blog (patrick.net) has long predicted the current housing crisis, to quantify his readers' feelings about a bailout. "It is easy to quantify," he replied. "100% against."

HousingPANIC Stupid Question of the Day

Where did all the "you guys are all chicken littles, brown shirts and winged monkeys" now-is-a-great-time-to-buy-there-is-no-housing-bubble realtor trolls go?

(I guess bubbles weren't for bathtubs, eh Kendra?)

(Extra credit - everyone look at that price chart from Vegas (thanks Doom). Anyone see the toxic-loan-speculator-fed bubble now? That one's gonna take some time to deflate)

HousingPANIC is going to take George W. Bush and Ben Bernanke at their word - NO FUC*ING HOUSING GAMBLER BAILOUT!!!!!!

"It is not the responsibility of the Federal Reserve -- nor would it be appropriate -- to protect lenders and investors from the consequences of their financial decisions."

- Ben Bernanke, August 31, 2007


"It's not the government's job to bail out speculators or those who made the decision to buy a home they knew they could never afford."

- George W. Bush, August 31, 2007


"If you spend one f*cking American taxpayer dollar bailing out failed flippers, mortgage fraudsters and housing gamblers, the legitimacy of the United States Government will have been forfeited, and the time will be at hand to dissolve the political bands which connect us."

- HousingPANIC, August 31, 2007

HousingPANIC Stupid Question of the Day

What's going to end up costing the US taxpayer more in the end

A) The Iraq Debacle

B) The Great Housing Crash

George W. Bush, The Worst President Ever, and misguided promoter of "the ownership society" (aka "buy at the peak!") makes matters ever worse today

That's it HP'ers, today's the day. The Worst President Ever steps straight into the subprime disaster wad of dung that he helped create today.

Are you a housing gambler in need of a government bailout? You've come to the right place.

Casey Serin - today's your lucky day

Failed flippers - here comes George, with loads of taxpayer money to the rescue

Housing gamblers - why stop now! Go double down, because if things don't work out, the taxpayers who didn't gamble will bail you out.

Bush Banker Buddies - don't worry, you may own crap loans, but Georgie will do his best to make sure the sheeple don't just turn in the keys and walk away

HP'ers, IF (big IF) one dollar of your taxpayer money goes toward bailing out failed flippers and housing gamblers, the level of rage and distrust for this government should go off the charts.

George W. Bush - The Worst President Ever - and our Nero. We are indeed run by monkeys.

Bush Moves to Aid Homeowners

WASHINGTON -- President Bush, looking for ways to respond to the subprime-mortgage crisis, will outline a series of policy changes and recommendations today to help borrowers avoid default, senior administration officials said.

Among the moves will be an administrative change to allow the Federal Housing Administration, which insures mortgages for low- and middle-income borrowers, to guarantee loans for delinquent borrowers. The change is intended to help borrowers who are at least 90 days behind in payments but still living in their homes avoid foreclosure; the guarantees help homeowners by allowing them to refinance at more favorable rates.

Mr. Bush also will ask Congress to suspend, for a limited period, an Internal Revenue Service provision that penalizes borrowers who refinance the terms of their mortgage to reduce the size of the loan or who lose their homes to foreclosure. And he will announce an initiative, to be led jointly by the Treasury and Housing and Urban Development departments, to identify people who are in danger of defaulting over the next two years and work with lenders, insurers and others to develop more favorable loan products for those borrowers.

Want to know why housing is now crashing, foreclosures are soaring and the Ponzi Scheme ended? Just watch this video from 2005

David Crisp. Casey Serin. Shoe shine guys. GEDs. And then the music ended, and they got slaughtered. Just like the dot-com boom and bust.

Reason #446 why there should be no bailout - yes, some innocents got caught up in this mess, but it was speculators, fraudsters and gamblers who gamed the system, caused the housing bubble, and if they didn't get out soon enough, got burned.

Thanks J for the link.

Making a quick buck in real estate - In a hot housing market, some youngsters cash in

CNBC May 21, 2005

WASHINGTON - Chris Schartiger, a twenty-something in Washington, D.C., recently made $10,000 in six days — maybe not in paper money, but definitely on paper.

He put down $5,000 for a condo in the D.C. area and a week later an identical one sold for over $15,000.

“For me, it was a no-brainer to go into real estate with the housing market as hot as it has been recently,” Schartiger said. “People are making 20 to 25 percent easily, so even if we make 10 percent, or 6 percent, that’s better than the market’s doing recently.”

Schartiger may sound like a professional real estate investor, but he is in fact a 25-year-old investor and one of a growing group of young real estate speculators buying condos, often before they are built, and using them to turn a fast profit.

From "Flip this House" to "Get Me Out!!"

Instead of another fraud-filled A&E "Flip This House" episode, isn't it time for a housing-crash reality TV show? Here's a few titles, feel free to lend a hand:

"Get Me Out!"

"But Suzanne Researched It!"

"The Big Housing Con"

"Money Pit"

"Flip This"

"Failed Flippers"

"Foreclosure or Bust"

"Short Sale"

"FSBO"

"Mortgage Fraud Mayhem"

and "Housing Panic!" (of course)

Iamfacingforeclosure.com Casey Serin update: Shutting down the blog (supposedly) and under FBI Investigation

After the indecisive "Keep Casey, Dump Casey" HP survey, the best suggestion was "keep but only mention if something major"

Well, here you go.

Yes there is an FBI investigation as well. I just learned about it yesterday after I made the decision to shut everything down.

I’m not shutting down because of the FBI thing. The agent told me they don’t care if I keep blogging since they already have all the evidence they need, including the entire blog, loan documents, etc.

I just want to be careful what I say before I can find a criminal defense attorney and make sure I’m not doing anything stupid.

It kind of sucks that right when I decided to do the right thing now the law is after me too. But I guess we all knew this might happen. So its not a big surprise now.

I’ll just have to take responsibility and deal with it the best way I can.