Casey's Back!

By
Real Estate Agent with CENTURY 21 John Burns Realty

Well in other news I see that Casey Serin is back. Very entertaining character. Not in a good way.    Here is his new website: http://foreclosurehelpbook.com/.  I find the title hysterical. It may as well be titled "I'm a Total Screw Up and Now I Want to Help You" .  It's like going to a 400lb diet counselor. Or getting spiritual advice from a serial killer.

Casey Serin was a self-described "24-year-old would-be real estate mogul." His case was almost the epitome of bad timing, excessive optimism, and unrealistic expectations (as well as lack of real-world experience). He entered the real estate market at the peak of the bubble (mid- to late-2005) as an "investor", (with little to no-money down, can you hear the book titles now?)  and got in over his head on eight properties. Casey (by his own account) made heavy use of stated-income and 100% financing to acquire his properties, setting himself up for no margin of error and maximum damage.

Last I saw, Casey was in debt more than $2.2 million. The FBI was sniffing around, as were creditors and a number of other real estate and foreclosure sharks attracted to the bright light of Casey's spectacular debacle.   His last blog was great -- fun reading fer shure fer shure-- that was http://iamfacingforeclosure.com/. It's kaput now, though there are still some interesting things left. Most of that one was riddled with Casey's cool way of talking about all his 'sweet' deals-- all of which fell into the toilet with a great kerplunk.  Now I see his marriage has gone south-- that I feel bad about, but the guy, pardon me, is an idiot. He won't work. He has decided that he can make money by doing nothing. The annoying detail that he is in debt up to his eyeballs is a mere stepping stone on his way to riches.

Stay tuned...

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Rainer
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"Tommy" Decebal
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Wish you a Merry Christmas and best wishes for a great year in 2008.

Tommy   New York Certified Home Inspector Long Island NY Nassau/Suffolk/Queens Home Inspections

Dec 25, 2007 04:25 AM #1
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