Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Wednesday, January 03, 2007
Suggestion Box
Back to more abnormal posts and a new year.
New features being added:
Blogs O'Shame Blogs O'Note Unmoderated Casey Posts Transit Myths by the Numbers Why Macs? Tracking the OSes The Riverpark Fiasco
Suggestions?
34 comments:
Anonymous
said...
IT'S HOMEY TIME!!!!
YO YO YO ROB DAWG!
I dunn been tryin to post on dat crazy kat Casey's blog, man, but the scammin fool keeps deletin my posts. He jez tryin to keep da brother man down yo know fo sho.
Anywayz, Rob dawg, check it out. IF you members when Homey done told dat Casey I knewz he waz scammin mo dan what he was comin clean on? You kowz like how his buyin of houses an all was not as "innocent" as he done tried to pass of on y'all? Member when I axed him bout dem two cumpanies he done started wit his wife Galina ( man she shure pretty) in 2006 and 2006? ( dem 2 REAL ESTATE places). NOWZ y'all knowz wat dey waz fo.. fo sho. They iz phony shells so he can pass dat money he gots by lyin on dem loans froo.
Reads this Rob dawg. I tried to post dis on Casey's blog.
"You member when I told youz dat Homey AND Da man knowz you be scammin a hole lots mo dan you tellin da peeps?
Looky like mo peeps dunn findin dat out fo themselfs FO SHO
"Some months ago, I attended a loan-originator luncheon, where a speaker from the FBI gave a presentation about the latest mortgage frauds and prosecutions. The agent said that if a stated-income loan shows an income of $10,000 per month and the borrower's actual income is much less than that -- say, $5,000 per month -- then it is fraud, and the FBI would prosecute it as such. "
"A case study of fraud In a world where borrowers can state their income on a mortgage application, do investors and originators have the same view of what constitutes fraud? While I was pondering this, the story of Casey Serin crossed my desk. Serin is a mid-20s real estate investor from Sacramento, Calif. After attending various seminars offered by "no-down-payment" gurus, he jumped into real estate investment. Within eight months, Serin purchased eight properties with the help of multiple loan brokers, and he owed $2.2 million. He was unemployed during most of this period and admits to lying about his income on his stated-loan applications. On six of the properties, he received cash back at closing. The largest check he received was for $50,000. The cash was paid to a bogus company, controlled by a third party. It was then funneled back to Serin. In all other escrows, cash was paid to the seller, then back to Serin after closing. "
BWAHAHAHA...DO YOUZ REMEMBER ABLE & FINCH? WUZN'T THEM THOSE BOGUS COMPANIES????
"And although receiving undisclosed cash back at closing is not, by definition, a specifically defined type of fraud, in cases such as this, it is considered fraud. "
"In other words, a 20-year prison term is possible for each violation of the statute. And if you defraud a financial institution, the sentence can be increased to 30 years. "
Homey dunn told yo punk azz dat da man knowz about all of yo scammin. NOW you believe me?
After Homez coughed up the http://www.scotsmanguide.com/default.asp?ID=1893∂=1 link I don't see how any local responsible agency could let it go on any longer. Remember I also said they weren't gonna do it before Christmas for "scrooge" reasons and between holidays bwecause they'd have been inconvienienced. The timing works for me. 'Course the boy is so disorganized he might have just packed away his mouse in the office move debacle and hasn't found it yet. I've always known Thursdays to be good days to serve white collar warants. FREE CASEY! [we need our blog fix]
I'm pretty sure Casey has admitted to all that, at one point he said he received between $15k and $50K cash back at close on every house. If he did that for each of the 8 properties, that's between $120K and $400K. Which is a huge amount of money and I have no idea what he did with it, since the houses still look pretty crappy and unfinished.
Plus, he's acknowledged both Able Buyer and Finch Properties or w/e they're called.
Sometimes I think Casey is really clever, then I realize he's probably just painfully stupid. It looks like any attempt for him to hide these cash transactions didn't do him much good in the long run anyway.
What I want to know from Homey is, did you really call Chris and talk to him? That guy is such a schyster and about as phony as a $3 bill. If you click from his MySpace through to some of his friends and 'business associates', they all have the same type of profile: beach picture background image, and filled with a load of empty promises. And not a single mention of any houses! Ha!
Why doesn't Casey just come out and say that his "job" with Chris is to be a part of the MLM scam known as, *gulp*, Nouveau Riche University? Perhaps he's embarrassed to be involved with an Amway with "Real Estate" MLM?
By the way, did anyone else notice that Robert Kamikaze hasn't come up to speak at his "Real Estate" club? I'm guessing a conflict of interest. How can he sucker people into buying his books and tapes if Casey and his "New Rich" friends are doing the same exact thing.
Here's how Chris Record describes his occupation on his MySpace page:
"Loan Officer Global Equity Lending Sacramento, CA
I work with this company and other brokerages to do cash-out refinance loans to help people leverage the dead equity in their homes to invest in real estate deals.
Nouveau Riche University does not merely educate people about real estate investing, it creates Real Estate Investors.
While many want to travel the road to riches, Nouveau Riche University students want to own the right of way! To help them in their quest, we have created an educational and support system that is unsurpassed. Our simple, time-tested formula for success is…“first you learn, then you earn.”
Nouveau Riche University students have shown that they act on what they've learned, so we can confidently say that “we don't just teach real-estate-investing…we create Real Estate Investors!”
Our Products
Residential Real Estate Encyclopedia™ (R2E2) Looking for a comprehensive, real-estate-investing resource library that allows you to learn on your schedule? Each of the 15 volumes -- from establishing a legal entity for your real estate business, to rehabbing properties, to raising private money for your investments – contains the necessary knowledge base required to succeed in a specific area. View contents of the R2E2
Nouveau Riche University College Our College offers a revolutionary and refreshing method to achieve your real-estate investing goals. As a Nouveau Riche University student, you'll be able to select the courses that best fit your personal learning objectives! That's right – YOU choose the tuition package that meets your needs and begin to learn what you want to learn. View available courses
Our Company
It has never been done before – NEVER! No one has ever created an educational environment that teaches adults the way to create wealth, using the time-tested, foundational principles adhered to by all higher-education institutions. Instructional System Design (ISD) is commonplace in major universities worldwide. It is renowned as the taxonomy that accelerates learning and maximizes retention. Then, why is it that those who believe they teach real-estate investing and wealth-creation have never applied this widely-accepted science? That was the question that was asked by the founders of Nouveau Riche University. The complete lack of a legitimate answer to that question is the pivotal element that led to the creation of NRU.
Welcome to the NEW “U” – Nouveau Riche University! Or should it be, “Welcome to the NEW ‘YOU'?”
Nouveau Riche is the only company in the industry that assigns a personal one-on-one “student advisor” -- an individual from the Community, who is specifically trained to assist you each step of the way in understanding the process and reaching your educational goals.
Nouveau Riche University combines the professionals, the system, and the community to jumpstart your real estate education allowing you to start enjoying the financial and time freedom associated with building a profitable real estate investment portfolio.
Contact Us Today!
Click on the email address at the top of the page to find out more about the exciting education and community benefits of Nouveau Riche University!
Chris Record is an authorized, Independent Student Advisor of Nouveau Riche University. The Nouveau Riche University logo, Company Name, and Products, used in any and all forms are service marks and Intellectual Property owned by Nouveau Riche University and licensed to Chris Record and may not be duplicated without the express written permission of Nouveau Riche University.
I've been sitting here with my Tim from Monterrey Bay "It's Mathtastic!(tm)" spreadsheet, and some things just aren't adding up. I just don't see how someone who was in arrears several months in September could still have properties in Janurary if they aren't making payments. In your experience/wisdom/please add sarcasm, if you give the banks something, anything, when you are in arrears, do they start the clock over again?
USUALLY, until th NOD goes out, banks are willing to be flixible and work with you, IF YOU stay in touch with them. Casey has intentionally refused to do so. Since Casey is acting like a deadbeat, they have zero incentive to work with him. Trust me, banks do not want properties back for several reasons, least of which it messes with their loan loss reserves and amount of money they need get from the goverment. They also are in the business of lending money, not managing property.
That being said, once the NOD goes out, the ball is passed to the Trustee and out of the bank (lender's) hands. Once the process starts, the debtor either has to do a workout ( usually pay in full + court costs, fees) or gets foreclosed on.
Some states are faster than others in the process. Texas for example, is very quick to foreclose. Hence his TX property is already gone. California on the other hand is much slower in the process. Once he goes 150 past due, he is toast. This should be around March-April.
Of course, this is assuming he isn't already doing the perp walk. He's been quiet for 3 days now and has been spotted accumulating alot of boxes. He may be making a run for it.
I'm sure Robert will elaborate on the foreclosure process. Bottom line is, the various law enforcement agencies most likely are involved behind the scenes with the lenders already, and are building their respective cases.
I think what happened was in Sept he did a stack of debt shuffling. This is where he maxed out every equity line and personal credit line along with all that personal borrowing and pay advances and the mysterious other big loan and used those to pay something on the properties. Buying time in a deeper hole.
I think those were enough to delay formal proceedings until after the close of the quarter. The banks with a choice of Dec15th and Jan 2nd are gonna take Jan 2nd every single time.
So the problems loan officer junior grade has this huge stack of papers on his desk last Tuesday. Remember Casey is not alone. So, he gets in the pile and after the usual 30 days, 60 days and a few phone calls to learn that they've since recieved a payment of a call to the owners with a flag he gets to the Casey File. Wholly crap, this is so fucked up it'll take the rest of the day just to figure out what's going on. Goes to the bottom of the pile. Not to worry about Casey's properties, they are ALL going to foreclosure this month. I've no doubt even if Casey buries his head and doesn't open the mail. Remember the lenders are all getting their end year, quarter and monthly reports from all 8 credit reporting agencies they subscribe to. There's Casey with the Dallas foreclosure and his account gets the red flag. The poor lenders have got a tangled web to unravel before they can even decide what to do. They've got a serious problem with Casey but they want to get the most money they can get back. That means not forcing Casey, just squeezing him.
The banks don't necessarially "reset" the clock but they are inclined to consider it "performing." Non-performing is a bad thing they don't like on their books. The really sad part; banks report neg-am balance increases and intro rate mortgage interest as if they were recieving the money. That's right, as current income. Even sadder, they can use that to report increased reserves and thus loan even more to likeminded specuvestors.
I'm sure some of you web sleuths already checked out this link, but I noticed something new:
http://www.efbn.saccounty.net/
If you search for Serin, something comes up under the name Aleksey that was filed in October of 2006. The Miracle of Touch?
Of course Casey hasn't gone by the name Aleksey for a while though, so it could be someone else with the same name (unfortunately for him).
Here's what I want to know: how does someone like Casey burn through anywhere from $200K to $500K in one year?
With the cash back at close and $150K on the credit cards, where did it go? He has nothing to show for it!
Well, he does have 5 houses, but he didn't seem to spend a lot on remodeling. He lives with his sister-in-law and drives a used car.
Could he have really blown all that money on seminars, travel, and Jamba Juice? I'm not even sure that his wife was in college in the first part of 2006, because she travelled with him quite a bit.
His most recent loans that we know of include $3000 from his friend that went to the hospital (although G made him pay back $1000), $4000 from a different friend, $1500 cash advance from Chris (although Casey said he only made $500?), and that outrageous loan that was like $4500 at 36% interest. That's over $10K since September! Where does it go?
I have a feeling the $4,500 loan was for the coporate credit 'starter pack', which is ridiculous. And I don't know how he paid for the December 'college', but that should have cost a pretty penny.
BTW, I just wanted to say thanks for this site and allowing Casey-related comments, he tends to delete a lot of the questions that I have for him, imagine that!
I dunn tried to call dat cat Chris fee time today but he be dukkin me like the chicken shit he be.
Here be hiz phone numbers. Maybe Rob Dawg can gets ahold of him.
Global Equity Lending 2636 Fulton Avenue, Sacramento, CA 95821 (916) 480-9805
Global Equity Lending 5777 Madison Avenue Suite 308, Sacramento, CA 95841 (916) 331-7668
Global Equity Lending 1401 El Camino Avenue, Sacramento, CA 95815 (916) 921-5811
To ansa dat guy dat axed about Able and FInch- Casey cat did NOT tell da peeps why or what dem 2 places is fo. When Homey outed dem to Casey, he jes said, "so what." But he neva did explainz WHY or WHAT dey was fo, dig?
Chris and Casey both be hidin out. They knowz DA man is lookin fo dem. Casey ain't at his house much cuz he be scared DA man gonna bust him. FO SHO.
Triez and call Casey o Chris yoself. They ain't gonna ansa da phone. They screenz yo calls.
Here be Chris cell fone numba-- oops!!! 916-899-8265
Looks up da Sacramento houses- see wat been done in december of 2006. http://www.erosi.saccounty.net/SearchBrowser.asp
Type in "serin".. LORDY LORDY.. his daddy an mommy done been buyin an transferrin LOTS OF properties.
Looky at da 2 default notices fo Casey..
Looky at assigned Deed done 12/26 WASSUP WIT DAT? hmmmm....
HOLY CRAP IS THIS PLACE A POS!!! Even my cuzzin Leroy who be incarcerated presently don't wanna buy dat crack houze. IS you KIDDING ME???? I dunn see da videe of dat house, LORDY LORDY LORDY.you da craziest white boy I ever dunn seen.
You wants to gets HOW MUCH fo dat place? $239,000???
BWAHAHAHAHA.. Homey be laffin sooo much I dunn sheet my briches.
6500 Larchmont Dr North Highlands, CA 95660 Total Loss: $91,000 Percent Loss: 27.6% Asking Price: $239,000 Bedrooms:3 Baths: 2 Sq. feet:1120 Asking Price Changes: Down 7.7% from $259,000 On 09-09 Down 4.0% from $249,000 On 09-16
Previous Sales: Sold on 2006-03-23 for $330,000
MLS# 60100568 Google Maps Assessed Value Property Tax Bill
When youz gonna pay youz taxes? Dey pe unpaid... OOPS
http://www.eproptax.saccounty.net/BillSummary.asp
MAN, youz sho is swimmin in poop. Did Sputnik poop in yo shoozes agin?
PS.. Amy is fine. I hopes you is hittin dat fo sho.
I want to know who got the pic of him with the boxes, he looks pissed! I noticed they were used boxes, I guess it's a good thing that he's not spending money on new ones!
Anyway, I think Casey has really lost interest in the blog now that the ad money is no longer an option for him. Really, what's the point if he isn't bringing in $800+ a month?
But usually when he's this quiet, I just think he's up to no good! I can't imagine what it must be like for his wife to be married to him.
You got dat mofo down fo sho...an you damn sho gud at whacha doo. Wuz up wit dat newvoreesh U an Amy too? Iz dat sheet fo reel? Whacha say ta takin dat blue ball an sellin' it on eeBay afta "da do-ins." Juz make sho you get dat mofo ta sign da fukin ball befo ya'll thro hiz muthafukinass in da Kan! Luv, Da Kubstah
The picture of Casey with the boxes is from his own Flickr account. He marked it as non-public, so you have to find a direct link to the picture. The EXIF data for image says it was taken last April, so it's not a recent picture. There's a whole treasure trove of pictures, including some of his wife and family, if you know where to look.
In my research, I've also seen that the following companies apparently have been used by Casey (although I do not see any records from them at the Secretary of State office):
SERIN VENDING 8954 PHOENIX AVE FAIR OAKS, CA 95628-4039
GOSITE 3301 SUNRISE BLVD # J RANCHO CORDOVA, CA 95742-7349
Casey Serin and Galina Suprun were married on 4/3/04 in Nevada. Casey may have lived there for a while. At the very least, he had a P.O. Box number in Stateline. I also found a P.O. Box number he used in Orangevale, CA, and an older Citrus Heights address. I think the Rocky Ridge and Roseville Pkwy addresses have already been mentioned and the addresses of the specific properties are known. I have all of them except the Rio Rancho one.
I believe Aleksey and Anna are Casey's parents. I saw a birthdate for Aleksey that would seem to fit that hypothesis. On the other hand, I've also seen that Casey has apparently used an April 1958 birthdate a few times. I don't know what to make of this. It either means we are not dealing with the real Casey, there is just an error in the public records, or he misrepresented his birthdate for whatever reason. Pretty weird.
Anyhow, I also thought I'd share a t-shirt and bumper sticker I made. I may be jumping the gun a little on this one since Casey hasn't been arrested yet, but that may come soon enough.
Has anyone been able to find out what the deal is with Casey and this Res-Com scam? I researched it and it appears to be another shady operation Casey worked in 2005.
Also, did anyone go to the Pride Industries website? I don't think Casey was there for long. It specializes in placing people with "disabilites". Perhaps we were right with his assessment of ADHD?
I agree with Robert. The noose around Casey's neck is tightening and his options are down to 2. File BK and PRAY that they don't lock him up for fraud and other crimes, or continue to play the Alfred E. Nueman role of "what me worry?"
I saw that at least two of his properties have NOD's filed. The ones in Sacramento in November of 2006? If I am correct, in Ca the process is 4 months until they foreclose, so he has until March or April until the shit hits the fan. Right around the time he will have to file taxes. Oh boy. Haven't checked on the other houses. Looking at the condition of them, Casey has less than zero interest in them.
I haven't determined how much involement his parents/inlaws have yet in this whole mess. Regardless, they are probably going to be screwed too. At the minimum, they are going to need lawyers to protect themselves from their son's illegal activities. Galina is looking at some SERIOUS jail time. Her name is all over these fraudulent papers. California being a community property state and the fact that in his own blog the dumb ass Casey all but confesses to both of their crimes, I cannot belive she hasn't divorced him and laweryed up yet.
At this point, it is obvious there were many crimes done by Casey and Galina. The only question is, will they be prosecuted?
Robert, I would be curious if you or some of the other readers can list what what crimes to date we think Casey/Galina have perpetrated? A flow chart, chronological listing of events or spreadsheet would be cool. There are so many different scams this kid is pulling at once. He's like a cockroach. As soon as you lift the rock on one of his scams, he scurries off to the next one, in the dark, until that is uncovered.
This forum is fantastic by the way. It allows us to find out the "dirt" on Casey et al, unfiltered and unedited.
My deadpool date is April 5. His nuts will be so squeezed from all of these properties being foreclosed, and the various law enforcement agencies circling him like vultures, that he's simply going to make a run for Mexico. I do believe he will shut down blog long before then,though. It is apparent that is has transitioned from a vehicle to cash in on to nothing more than evidence for the prosecution.
Guys, KEEP the stuff coming. Some direct links to those private pics would be awesome.
Excellent sleuth work guys! This is getting more and more interesting the more I hear about Casey's shady past. For some reason, when I started reading his blog back in September I found myself sort of 'rooting for the underdog'. I thought it was admirable that he was so honest with his mistakes. Now I can't trust a single thing he says or does! From moderating the comments, to witholding certain details, he is nothing more than a con man.
Anyway, I have a little dirt that I dug up too, but it's not much.
I looked all over MySpace to try and find out if he and Galina have accounts. He does, which is mostly empty, but I don't think she does.
Anyway, here is a friend of his (or maybe a friend of his sister, Margarita):
Now, you don't suppose that Casey ran some liar loans through David at Countrywide, do you? How easy would it be for a friend working at the lender to be complicit in these shady loans? Seeing it's David's first job out of college, it would not be out of the realm of possiblities for the conman Casey to sweet talk the newbie loan officer into it.
That would be too funny.
@ Coco, Casey's dad is into CAD. His mother I thought was a teacher of sort. Your theory nay not be too far off. He couldn't have burned through over $300,000 in cash. It's either buried, sent offshore, or in his parents bank account. I remember that Casey played stupid when pressed for the whereabouts of all that cash. I don't buy into his whole " I am so stupid I can't do a spreadsheet or balance a checkbook" shtick. It's all a setup so he can file BK and walk away with the $$$$.
I am leaning towards that being his true endgame, of weaving this web of lies, and feigned naive persona. I bet his plan all along was to default on those houses and keep the cash. That's why he quick deeded some to Galina, thinking that would insulate him.
Like a bad jigsaw, the pieces of this puzzle are coming together.
Keep it coming! No matter how insignificant you may think.
I know Chris Record personally so I thought I would offer some insight for some of you that are merely guessing at all of this.
Yes, Chris used to work for Global Equity Lending as a loan officer, but he no longer works with that company. He enrolled as a student for Nouveau Riche University in June 06' and has been excited about real estate investing ever since. (sometimes a little too excited!)
I know of at least 3 real estate deals that he has done so far, and that he is currently working on an apartment complex deal from what he learned at the college.
I also know that he is a recruiter for that university as well and that he makes good money doing it. I have looked into the company, and I am not sure why you are all calling it a scam. If you check out the company, it is obviously very legitimate. So I am assuming you are using the term as opinion and not fact just to talk more trash. I just thought I would clear that up.
So from what I personally know, Casey Serin is Chris Record's personal assistant. He is paid a monthly wage to assist Chris with his computer database work and developing systems to run his business and to improve his ability to do real estate deals.
Chris is hiring another assistant this month or next month because business has picked up, and then he is also working on a lease on a new office for them all to work out of.
If any of you met Chris you would know that he is a man of integrity and is very trustworthy. I hate to see people talk negative about him that don't even know him. I have known him for several years. You will see him continue to do good things in the future for our society. And this comes from someone who knows him on a personal level.
Hopefully that cleared some things up for some of the readers here.
I personally disagree with the way that Casey Serin structured his real estate deals. He has a lot of learning to do before he gets back in the "game". I admire him for being honest, but I don't think he should jump back into real estate very soon.
It is people like Casey that have speculated to buy properties using deceptive techniques to get loans, which have made houses unaffordable for the rest of us. I have been following his blog and I think he should just file bankruptcy and walk away from his properties and build up some cash reserves and a stable life before ever attempting to get into more real estate deals. So for the most part, I agree with his supposed "haters" about his lack of wisdom in all of this. But I have met Casey, and he is a very likeable person with good people skills. I think that Chris feels sorry for him and wants to help him get back on his feet. Only time will tell.
34 comments:
IT'S HOMEY TIME!!!!
YO YO YO ROB DAWG!
I dunn been tryin to post on dat crazy kat Casey's blog, man, but the scammin fool keeps deletin my posts. He jez tryin to keep da brother man down yo know fo sho.
Anywayz, Rob dawg, check it out. IF you members when Homey done told dat Casey I knewz he waz scammin mo dan what he was comin clean on? You kowz like how his buyin of houses an all was not as "innocent" as he done tried to pass of on y'all? Member when I axed him bout dem two cumpanies he done started wit his wife Galina ( man she shure pretty) in 2006 and 2006? ( dem 2 REAL ESTATE places). NOWZ y'all knowz wat dey waz fo.. fo sho. They
iz phony shells so he can pass dat money he gots by lyin on dem loans froo.
Reads this Rob dawg. I tried to post dis on Casey's blog.
"You member when I told youz dat Homey AND Da man knowz you be scammin a hole lots mo dan you tellin da peeps?
Looky like mo peeps dunn findin dat out fo themselfs FO SHO
http://www.scotsmanguide.com/default.asp?ID=1893&part=1
"Some months ago, I attended a loan-originator luncheon, where a speaker from the FBI gave a presentation about the latest mortgage frauds and prosecutions. The agent said that if a stated-income loan shows an income of $10,000 per month and the borrower's actual income is much less than that -- say, $5,000 per month -- then it is fraud, and the FBI would prosecute it as such. "
"A case study of fraud
In a world where borrowers can state their income on a mortgage application, do investors and originators have the same view of what constitutes fraud?
While I was pondering this, the story of Casey Serin crossed my desk. Serin is a mid-20s real estate investor from Sacramento, Calif. After attending various seminars offered by "no-down-payment" gurus, he jumped into real estate investment.
Within eight months, Serin purchased eight properties with the help of multiple loan brokers, and he owed $2.2 million. He was unemployed during most of this period and admits to lying about his income on his stated-loan applications.
On six of the properties, he received cash back at closing. The largest check he received was for $50,000. The cash was paid to a bogus company, controlled by a third party. It was then funneled back to Serin. In all other escrows, cash was paid to the seller, then back to Serin after closing. "
BWAHAHAHA...DO YOUZ REMEMBER ABLE & FINCH? WUZN'T THEM THOSE BOGUS COMPANIES????
"And although receiving undisclosed cash back at closing is not, by definition, a specifically defined type of fraud, in cases such as this, it is considered fraud. "
"In other words, a 20-year prison term is possible for each violation of the statute. And if you defraud a financial institution, the sentence can be increased to 30 years. "
Homey dunn told yo punk azz dat da man knowz about all of yo scammin. NOW you believe me?
DID da FBI call you yet?
Love,
Homey
Homez. You can always post here to make sure the record is uneditted. I'm gonna start an archival link to keep everything we've learned safe.
Are we on perp watch again? No new comments or moderation in a day. Maybe Tim can do a drive by.
Perp watch? Absolutement mon ami.
After Homez coughed up the http://www.scotsmanguide.com/default.asp?ID=1893∂=1 link I don't see how any local responsible agency could let it go on any longer. Remember I also said they weren't gonna do it before Christmas for "scrooge" reasons and between holidays bwecause they'd have been inconvienienced. The timing works for me. 'Course the boy is so disorganized he might have just packed away his mouse in the office move debacle and hasn't found it yet. I've always known Thursdays to be good days to serve white collar warants. FREE CASEY! [we need our blog fix]
I'm pretty sure Casey has admitted to all that, at one point he said he received between $15k and $50K cash back at close on every house. If he did that for each of the 8 properties, that's between $120K and $400K. Which is a huge amount of money and I have no idea what he did with it, since the houses still look pretty crappy and unfinished.
Plus, he's acknowledged both Able Buyer and Finch Properties or w/e they're called.
Sometimes I think Casey is really clever, then I realize he's probably just painfully stupid. It looks like any attempt for him to hide these cash transactions didn't do him much good in the long run anyway.
What I want to know from Homey is, did you really call Chris and talk to him? That guy is such a schyster and about as phony as a $3 bill. If you click from his MySpace through to some of his friends and 'business associates', they all have the same type of profile: beach picture background image, and filled with a load of empty promises. And not a single mention of any houses! Ha!
Post Chris's myspace link. I am sure it's good for a laugh.
Here you go:
http://www.myspace.com/chrisrecord
What a jerkoff. At least now we know what it is exactly Casey has been doing for Chris.
Why doesn't Casey just come out and say that his "job" with Chris is to be a part of the MLM scam known as, *gulp*, Nouveau Riche University? Perhaps he's embarrassed to be involved with an Amway with "Real Estate" MLM?
By the way, did anyone else notice that Robert Kamikaze hasn't come up to speak at his "Real Estate" club? I'm guessing a conflict of interest. How can he sucker people into buying his books and tapes if Casey and his "New Rich" friends are doing the same exact thing.
Here's how Chris Record describes his occupation on his MySpace page:
"Loan Officer
Global Equity Lending
Sacramento, CA
I work with this company and other brokerages to do cash-out refinance loans to help people leverage the dead equity in their homes to invest in real estate deals.
If you have a referral send it my way! :)"
Here's where Chris ( & Casey work)
It won't allow you to copy/paste his bio. A MUST READ!!!
http://www.simplebiztools.com/personalsites/InWithTheNew/Templates/t03/t03.asp?SID=5467
Chris Record / 916.899.8256 / cashflowchampion@gmail.com
Chris Record / 916.899.8256 / cashflowchampion@gmail.com
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It looks like Casey is getting ready to build his post-foreclosure dream home:
http://static.flickr.com/51/131230244_182884d32a_o.jpg
Looks like casey has went from one scam to the next with mr record.Will this guy just get a dam job.
Question for ya Roberto:
I've been sitting here with my Tim from Monterrey Bay "It's Mathtastic!(tm)" spreadsheet, and some things just aren't adding up. I just don't see how someone who was in arrears several months in September could still have properties in Janurary if they aren't making payments. In your experience/wisdom/please add sarcasm, if you give the banks something, anything, when you are in arrears, do they start the clock over again?
My .02...
USUALLY, until th NOD goes out, banks
are willing to be flixible and work with you, IF YOU stay in touch with them. Casey has intentionally refused to do so. Since Casey is acting like a deadbeat, they have zero incentive to work with him. Trust me, banks do not want properties back for several reasons, least of which it messes with their loan loss reserves and amount of money they need get from the goverment. They also are in the business of lending money, not managing property.
That being said, once the NOD goes out, the ball is passed to the Trustee and out of the bank (lender's) hands. Once the process starts, the debtor either has to do a workout ( usually pay in full + court costs, fees) or gets foreclosed on.
Some states are faster than others in the process. Texas for example, is very quick to foreclose. Hence his TX property is already gone. California on the other hand is much slower in the process. Once he goes 150 past due, he is toast. This should be around March-April.
Of course, this is assuming he isn't already doing the perp walk. He's been quiet for 3 days now and has been spotted accumulating alot of boxes. He may be making a run for it.
I'm sure Robert will elaborate on the foreclosure process. Bottom line is, the various law enforcement agencies most likely are involved behind the scenes with the lenders already, and are building their respective cases.
jimjimetc.;
I think what happened was in Sept he did a stack of debt shuffling. This is where he maxed out every equity line and personal credit line along with all that personal borrowing and pay advances and the mysterious other big loan and used those to pay something on the properties. Buying time in a deeper hole.
I think those were enough to delay formal proceedings until after the close of the quarter. The banks with a choice of Dec15th and Jan 2nd are gonna take Jan 2nd every single time.
So the problems loan officer junior grade has this huge stack of papers on his desk last Tuesday. Remember Casey is not alone. So, he gets in the pile and after the usual 30 days, 60 days and a few phone calls to learn that they've since recieved a payment of a call to the owners with a flag he gets to the Casey File. Wholly crap, this is so fucked up it'll take the rest of the day just to figure out what's going on. Goes to the bottom of the pile. Not to worry about Casey's properties, they are ALL going to foreclosure this month. I've no doubt even if Casey buries his head and doesn't open the mail. Remember the lenders are all getting their end year, quarter and monthly reports from all 8 credit reporting agencies they subscribe to. There's Casey with the Dallas foreclosure and his account gets the red flag. The poor lenders have got a tangled web to unravel before they can even decide what to do. They've got a serious problem with Casey but they want to get the most money they can get back. That means not forcing Casey, just squeezing him.
The banks don't necessarially "reset" the clock but they are inclined to consider it "performing." Non-performing is a bad thing they don't like on their books. The really sad part; banks report neg-am balance increases and intro rate mortgage interest as if they were recieving the money. That's right, as current income. Even sadder, they can use that to report increased reserves and thus loan even more to likeminded specuvestors.
I'm sure some of you web sleuths already checked out this link, but I noticed something new:
http://www.efbn.saccounty.net/
If you search for Serin, something comes up under the name Aleksey that was filed in October of 2006. The Miracle of Touch?
Of course Casey hasn't gone by the name Aleksey for a while though, so it could be someone else with the same name (unfortunately for him).
Here's what I want to know: how does someone like Casey burn through anywhere from $200K to $500K in one year?
With the cash back at close and $150K on the credit cards, where did it go? He has nothing to show for it!
Well, he does have 5 houses, but he didn't seem to spend a lot on remodeling. He lives with his sister-in-law and drives a used car.
Could he have really blown all that money on seminars, travel, and Jamba Juice? I'm not even sure that his wife was in college in the first part of 2006, because she travelled with him quite a bit.
His most recent loans that we know of include $3000 from his friend that went to the hospital (although G made him pay back $1000), $4000 from a different friend, $1500 cash advance from Chris (although Casey said he only made $500?), and that outrageous loan that was like $4500 at 36% interest. That's over $10K since September! Where does it go?
I have a feeling the $4,500 loan was for the coporate credit 'starter pack', which is ridiculous. And I don't know how he paid for the December 'college', but that should have cost a pretty penny.
BTW, I just wanted to say thanks for this site and allowing Casey-related comments, he tends to delete a lot of the questions that I have for him, imagine that!
Anon 11:09 and Cote-
What if, let's say, a person was in arrears, but paying $500/mo. of their $2000/mo mortgage? What do the banks do then?
-jbjbj
That guy Chris' woman looks like Kramer in drag. Butt-f*cking ugly.
I think Aleksey is his dad's name, not Casey's. According to Homey DA Clown, his family is involved in this entire affair.
IT'S HOMEY TIME!
YO YO YO ROB DAWG,
I dunn tried to call dat cat Chris fee time today but he be dukkin me like the chicken shit he be.
Here be hiz phone numbers. Maybe Rob Dawg can gets ahold of him.
Global Equity Lending
2636 Fulton Avenue, Sacramento, CA 95821
(916) 480-9805
Global Equity Lending
5777 Madison Avenue Suite 308, Sacramento, CA 95841
(916) 331-7668
Global Equity Lending
1401 El Camino Avenue, Sacramento, CA 95815
(916) 921-5811
To ansa dat guy dat axed about Able and FInch- Casey cat did NOT tell da peeps why or what dem 2 places is fo. When Homey outed dem to Casey, he jes said, "so what." But he neva did explainz WHY or WHAT dey was fo, dig?
Chris and Casey both be hidin out. They knowz DA man is lookin fo dem.
Casey ain't at his house much cuz he be scared DA man gonna bust him. FO SHO.
Triez and call Casey o Chris yoself. They ain't gonna ansa da phone. They screenz yo calls.
Here be Chris cell fone numba-- oops!!! 916-899-8265
Looks up da Sacramento houses- see wat been done in december of 2006.
http://www.erosi.saccounty.net/SearchBrowser.asp
Type in "serin".. LORDY LORDY.. his daddy an mommy done been buyin an transferrin LOTS OF properties.
Looky at da 2 default notices fo Casey..
Looky at assigned Deed done 12/26 WASSUP WIT DAT? hmmmm....
Love,
Homey
YO ROB DAWG,,
CASEY DUN DID IT AGIN.
He deleted da part in my post where I axed him if he dunn made enuf in commissions on referrals to make back his tuition money? WHY HE DO DAT?
CUZ HE A PUNK.
LooKY,,, he replaced it [...]
Why don't you trys to post dat. see if he do it to you too or jez to da brother man.
He jez tryin to scam peeps into dat Nuveau Riche place.
DO NOT lets him scam no mo.
FO SHO.
love,
Homey
Oh dear, clicky here:
http://tinyurl.com/yylq4v
Nine or 10 houses down, looky! It's Larchmont!
-jbjbj
IT'S HOMEY TIME!!!
YO YO YO CASEY.
THIS??? BE YOUR HOUSE????
http://www.realtor.com/FindHome/HomeListing.asp?snum=1&frm=byctstmlsid&nearbyZp=&lid=60100568&pgnum=1&ss_aywr=&st=CA&mls=xmls&mnbed=0&js=on&mnsqft=0&fid=so&vtsort=&poe=realtor&mnprice=0&ct=North+Highlands&areaid=53215&sid=07DA656F8ACCC&snumxlid=1067386547&lnksrc=00003
HOLY CRAP IS THIS PLACE A POS!!! Even my cuzzin Leroy who be incarcerated presently don't wanna buy dat crack houze. IS you KIDDING ME???? I dunn see da videe of dat house, LORDY LORDY LORDY.you da craziest white boy I ever dunn seen.
You wants to gets HOW MUCH fo dat place? $239,000???
BWAHAHAHAHA.. Homey be laffin sooo much I dunn sheet my briches.
Duz you knowz you be featured here?
http://flippersintrouble.blogspot.com/search?updated-min=2006-09-01T00:00:00-07:00&updated-max=2006-10-01T00:00:00-07:00&max-results=28
6500 Larchmont Dr
North Highlands, CA 95660 Total Loss: $91,000
Percent Loss: 27.6%
Asking Price: $239,000
Bedrooms:3 Baths: 2 Sq. feet:1120
Asking Price Changes:
Down 7.7% from $259,000 On 09-09
Down 4.0% from $249,000 On 09-16
Previous Sales:
Sold on 2006-03-23 for $330,000
MLS# 60100568 Google Maps
Assessed Value Property Tax Bill
When youz gonna pay youz taxes? Dey pe unpaid... OOPS
http://www.eproptax.saccounty.net/BillSummary.asp
MAN, youz sho is swimmin in poop. Did Sputnik poop in yo shoozes agin?
PS.. Amy is fine. I hopes you is hittin dat fo sho.
Who is Amy? Is Casey having an affair? LOL!
I want to know who got the pic of him with the boxes, he looks pissed! I noticed they were used boxes, I guess it's a good thing that he's not spending money on new ones!
Anyway, I think Casey has really lost interest in the blog now that the ad money is no longer an option for him. Really, what's the point if he isn't bringing in $800+ a month?
But usually when he's this quiet, I just think he's up to no good! I can't imagine what it must be like for his wife to be married to him.
Anyone want to call up Countrywide and let them what Casey is up to?
I will bet they haven't a clue.
Countrywide Home Loans
450 American Way
Simi Valley, CA 93065
(805) 306-8877
www.countrywide.com
Wuz up, Homey?
You got dat mofo down fo sho...an you damn sho gud at whacha doo. Wuz up wit dat newvoreesh U an Amy too? Iz dat sheet fo reel? Whacha say ta takin dat blue ball an sellin' it on eeBay afta "da do-ins." Juz make sho you get dat mofo ta sign da fukin ball befo ya'll thro hiz muthafukinass in da Kan! Luv, Da Kubstah
Dis sho sha be in dis MFPOS recap http://nouveauriche.blogharbor.com/recap.html
http://www.youtube.com/watch?v=cKw9RHd9YAo
@CoCo
The picture of Casey with the boxes is from his own Flickr account. He marked it as non-public, so you have to find a direct link to the picture. The EXIF data for image says it was taken last April, so it's not a recent picture. There's a whole treasure trove of pictures, including some of his wife and family, if you know where to look.
In my research, I've also seen that the following companies apparently have been used by Casey (although I do not see any records from them at the Secretary of State office):
SERIN VENDING
8954 PHOENIX AVE
FAIR OAKS, CA 95628-4039
GOSITE
3301 SUNRISE BLVD # J
RANCHO CORDOVA, CA 95742-7349
Casey Serin and Galina Suprun were married on 4/3/04 in Nevada. Casey may have lived there for a while. At the very least, he had a P.O. Box number in Stateline. I also found a P.O. Box number he used in Orangevale, CA, and an older Citrus Heights address. I think the Rocky Ridge and Roseville Pkwy addresses have already been mentioned and the addresses of the specific properties are known. I have all of them except the Rio Rancho one.
I believe Aleksey and Anna are Casey's parents. I saw a birthdate for Aleksey that would seem to fit that hypothesis. On the other hand, I've also seen that Casey has apparently used an April 1958 birthdate a few times. I don't know what to make of this. It either means we are not dealing with the real Casey, there is just an error in the public records, or he misrepresented his birthdate for whatever reason. Pretty weird.
Anyhow, I also thought I'd share a t-shirt and bumper sticker I made. I may be jumping the gun a little on this one since Casey hasn't been arrested yet, but that may come soon enough.
http://www.cafepress.com/buy/casey%20serin/-/cfpt2_/copt_/cfpt_/source_searchBox/x_24/y_15
Has anyone been able to find out what the deal is with Casey and this Res-Com scam? I researched it and it appears to be another shady operation Casey worked in 2005.
Also, did anyone go to the Pride Industries website? I don't think Casey was there for long. It specializes in placing people with "disabilites". Perhaps we were right with his assessment of ADHD?
I agree with Robert. The noose around Casey's neck is tightening and his options are down to 2. File BK and PRAY that they don't lock him up for fraud and other crimes, or continue to play the Alfred E. Nueman role of "what me worry?"
I saw that at least two of his properties have NOD's filed. The ones in Sacramento in November of 2006? If I am correct, in Ca the process is 4 months until they foreclose, so he has until March or April until the shit hits the fan. Right around the time he will have to file taxes. Oh boy. Haven't checked on the other houses. Looking at the condition of them, Casey has less than zero interest in them.
I haven't determined how much involement his parents/inlaws have yet in this whole mess. Regardless, they are probably going to be screwed too. At the minimum, they are going to need lawyers to protect themselves from their son's illegal activities. Galina is looking at some SERIOUS jail time. Her name is all over these fraudulent papers. California being a community property state and the fact that in his own blog the dumb ass Casey all but confesses to both of their crimes, I cannot belive she hasn't divorced him and laweryed up yet.
At this point, it is obvious there were many crimes done by Casey and Galina. The only question is, will they be prosecuted?
Robert, I would be curious if you or some of the other readers can list what what crimes to date we think Casey/Galina have perpetrated? A flow chart, chronological listing of events or spreadsheet would be cool. There are so many different scams this kid is pulling at once. He's like a cockroach. As soon as you lift the rock on one of his scams, he scurries off to the next one, in the dark, until that is uncovered.
This forum is fantastic by the way. It allows us to find out the "dirt"
on Casey et al, unfiltered and unedited.
My deadpool date is April 5. His nuts will be so squeezed from all of these properties being foreclosed, and the various law enforcement agencies circling him like vultures, that he's simply going to make a run for Mexico. I do believe he will shut down blog long before then,though. It is apparent that is has transitioned from a vehicle to cash in on to nothing more than evidence for the prosecution.
Guys, KEEP the stuff coming. Some direct links to those private pics would be awesome.
Excellent sleuth work guys! This is getting more and more interesting the more I hear about Casey's shady past. For some reason, when I started reading his blog back in September I found myself sort of 'rooting for the underdog'. I thought it was admirable that he was so honest with his mistakes. Now I can't trust a single thing he says or does! From moderating the comments, to witholding certain details, he is nothing more than a con man.
Anyway, I have a little dirt that I dug up too, but it's not much.
I looked all over MySpace to try and find out if he and Galina have accounts. He does, which is mostly empty, but I don't think she does.
Anyway, here is a friend of his (or maybe a friend of his sister, Margarita):
http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=21834687
Well, whaddya know! That guy works for Countrywide Home Loans!
The best part are the pictures of Margarita's birthday party, which feature Casey apparently trying to breakdance!
There is a link to more party pics on his FaceBook. The few pics of Casey show him kind of in a daze.
Now, you don't suppose that Casey ran
some liar loans through David at Countrywide, do you? How easy would it be for a friend working at the lender to be complicit in these shady
loans? Seeing it's David's first job out of college, it would not be out of the realm of possiblities for the conman Casey to sweet talk the newbie
loan officer into it.
That would be too funny.
@ Coco, Casey's dad is into CAD. His mother I thought was a teacher of sort. Your theory nay not be too far off. He couldn't have burned through over $300,000 in cash. It's either buried, sent offshore, or in his parents bank account. I remember that Casey played stupid when pressed for the whereabouts of all that cash. I don't buy into his whole " I am so stupid I can't do a spreadsheet or balance a checkbook"
shtick. It's all a setup so he can file BK and walk away with the $$$$.
I am leaning towards that being his true endgame, of weaving this web of lies, and feigned naive persona. I bet his plan all along was to default on those houses and keep the cash. That's why he quick deeded some to Galina, thinking that would insulate him.
Like a bad jigsaw, the pieces of this puzzle are coming together.
Keep it coming! No matter how insignificant you may think.
I know Chris Record personally so I thought I would offer some insight for some of you that are merely guessing at all of this.
Yes, Chris used to work for Global Equity Lending as a loan officer, but he no longer works with that company. He enrolled as a student for Nouveau Riche University in June 06' and has been excited about real estate investing ever since. (sometimes a little too excited!)
I know of at least 3 real estate deals that he has done so far, and that he is currently working on an apartment complex deal from what he learned at the college.
I also know that he is a recruiter for that university as well and that he makes good money doing it. I have looked into the company, and I am not sure why you are all calling it a scam. If you check out the company, it is obviously very legitimate. So I am assuming you are using the term as opinion and not fact just to talk more trash. I just thought I would clear that up.
So from what I personally know, Casey Serin is Chris Record's personal assistant. He is paid a monthly wage to assist Chris with his computer database work and developing systems to run his business and to improve his ability to do real estate deals.
Chris is hiring another assistant this month or next month because business has picked up, and then he is also working on a lease on a new office for them all to work out of.
If any of you met Chris you would know that he is a man of integrity and is very trustworthy. I hate to see people talk negative about him that don't even know him. I have known him for several years. You will see him continue to do good things in the future for our society. And this comes from someone who knows him on a personal level.
Hopefully that cleared some things up for some of the readers here.
I personally disagree with the way that Casey Serin structured his real estate deals. He has a lot of learning to do before he gets back in the "game". I admire him for being honest, but I don't think he should jump back into real estate very soon.
It is people like Casey that have speculated to buy properties using deceptive techniques to get loans, which have made houses unaffordable for the rest of us. I have been following his blog and I think he should just file bankruptcy and walk away from his properties and build up some cash reserves and a stable life before ever attempting to get into more real estate deals. So for the most part, I agree with his supposed "haters" about his lack of wisdom in all of this. But I have met Casey, and he is a very likeable person with good people skills. I think that Chris feels sorry for him and wants to help him get back on his feet. Only time will tell.
fix and flip tips
are to look for properties, especially homes, that are under-priced and whose values can be marked up after some renovations.
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