One thing Casey has been so good at is seeking out bargains. And then shopping elsewhere. Since the Rancho property missed its appointment with desinty yesterday I thought we could discuss topical house values. This little piggy would score a mil in my 'hood but it ain't in my 'hood Homez. What's it worth to you?
What it worth on market today?
What will it ultimately sell for?
58 comments:
In the right part of PHX, 750k, in the wrong part of PHX, 500k
But you wouldn't find me living in it at either price.
-jbjbj
Ohh - am I first? I need some more pics of Galina - I need my fix. I've only got the one of her arse (with the fixit man) and the one in her sunnies looking in from a shitty backyard.
Peter,
That's the previous thread. Okay?
$449.500 -- But not a lot of call for adobe 'round here.
Our neighbourhood up in the frozen North is mainly brick Cape Cods with extensions tacked on, surrounded by trees. That place looks so barren that I have troubles imagining living there. Still, if you magically popped it into our neighbourhood and removed the house that was there... it'd go for about $600 K U.S. dollars. Mmmm.... sweet deal!
NR
PS My wife got flowers last night and I got chocolates. Another sweet deal all around.
Casey got visits this morning from usdoj.gov, ca.gov, and sec.gov!
the real question is can anyone find a job out there thats pays you enough to make the payments, or am i delusional and naive?
400k in NM is alot of money, in NYC where I am you can get a small but fairly decent 500 sq foot studio with 400k, if you look hard
I submitted this to the Agents in Charge in Sacramento.
Gentleman,
I read a lot on Investments, Mortgages, and other news. I came across the following website "Iamfacingforeclosure.com" recently. In it, Casey Serin, the author, admits to committing mortgage fraud. I submitted the following to FBITIPS, and I pulled your names from the Sacramento field office webpage, where Casey lives.
I am reporting a possible mortgage fraud, still in progress. I have included the links and copied and pasted the most relevant portion of the posts on his website.
-----
MORTGAGE FRAUD
Casey Serin, blogging at iamfacingforeclosure.com, freely admits to committing mortgage fraud. As an unemployed individual with no Income, he took bought 8 homes with no money down loans, and termed those loans "liar loans"
http://iamfacingforeclosure.com/42/yes-i-lied-on-my-loans/
I overstated my income, and misrepresented my owner-occupied status and concealed the cash-back-at-close from the bank. I knew it all along. Nobody made me do it. It was my fault. I take full responsibility. And, that’s how I originally started this blog. The lenders stand to lose hundreds of thousands of dollars over my mistakes
----
He currently has made no attempt to repay these loans, and all 8 of his homes are facing foreclosure, one has foreclosed, and the other would have been foreclosed had the courthouse in Sandoval County been open yesterday.
I do not understand how someone who has admitted to a crime in a public forum on the internet AND provided supporting documentation is still uncharged.
http://iamfacingforeclosure.com/131/liabilities-spreadsheet/
Currently, he is making plans to buy a shell corporation to use corporate credit to grant himself a loan to pay off these debts. I believe that's illegal too. That is in his most current posting, I believe.
-----
If you can, please look into this. I understand that mortgage fraud has been rising based on your publicly available reports.
(Name With-held)
Staff Statistician
USDOJ
R-boy - from one govvie to another - you are awesome.
What would it be worth here? Maybe 350K?
What's it worth to me? Nothing.
What's it worth on the market today? Less than the 409K Casey is asking for.
What will it ultimately sell for? A lot less than Casey promised to pay.
Of the four houses for sale on his street, which is about half the houses on his street, his is the cheapest. Sale prices range from his $409K to $750K.
I would be work $650K-$1M depending on zip code in my area (Sac Valley)
It's probably about $375K in Abq, NM.
I did the same last December, using the same grounds and using the same or similar quotes. I'm sure others have done the same, and am flabbergasted no action is being taken.
if anything justice is never really served.
if anything Casey cops a plea and rats out the bigger fish and continues his blog or something
Action may be being taken, but the wheels of justice turn slowly.
I'm in NYC with Jasmine there and like she said, an apartment that size would be in the millions, but it's not really relevant.
I don't know that it will sell for anything close to $400k. I dunno crap about NM but all the other houses on the street are for sale and they're all flooded to some extent because the road floods or washes out or whatever? It sounds like a misplaced development that was dreamed up at the height of the boom. But by the time the prices go back up, it'll have been sitting there for years, floodily, with presumably new developments going up with brand new houses with new and more trendy technology/appliances/materials.
Perhaps nothing will happen. I am hoping the fact that I'm fellow law enforcement bureaucrat might help matters...
As Casey once said
"The mills of the gods grind slowly,
but they grind wAAUAUUUUGGHGHGHASSHHH..."
HMMM....In looking at IAFF Sitemeter, I see both the army and airforce are looking. Perhaps they are planning a joint action.
R-Boy, you missed your calling the Stasi really needed people like you in Easy Germany back in the day, too bad the best you can hope for now is some mortgage fraudsters...
It sounds like a misplaced development that was dreamed up at the height of the boom.
You bet. An arroyo or wash runs right behind CS house and under the foundation of his neighbor's. The builder leveled the site, but never bothered to inform Mother Nature. She will rebuild the wash.
The 'flood' was not a flood at all. Rather, it was a normal event where extra water normally gets carried to a creek or river in the wash. Maybe the rains were particularly heavy, but not unusual. And when you take away the natural water course, messy things happen.
...the Stasi really needed people like you in Easy Germany back in the day...
No, the US really neede people like this back in the day when a$$holes like our nega-hero were running up housing prices and driving themselves to financial ruin using fraud.
The corporations who allowed these loans deserve to have their financial a$$es handed to them, and the perps who lied need to go to jail.
Given the economy and location, I'd pay between $85,000 and $125,000 for the place....
I'm in NY too so not much to add to its value here (plus adobe looks stupid here). However, I can tell you that City-Data forums have the entire Albuqurque area talked up as "Dangerous", "Crime ridden" and generally "Shitty" so I can certainly imagine that when it's all said and done they'll get less than the original short sale price (which they will not allow to go through). They will then chase him for the difference. Tax problems! OH! And he'll never declare BK cause he's too hard-headed. Oh man, the good will engendered by three red roses is fading faster than you can say "I want a Tiffany neclace!"
Amazing! Somebody listened and sent our nega hero pics of the snow in NM. Jerkoffs.
WTF??
They closed down the city for THAT???? There's less than an inch and a half of snow there AT MOST.
For Christ's sake, in NH, there can be a storm of 10+ inches, and the poor kids are still standing out there at the school bus stop looking pissed off. And chains and traction tires.. BANNED!!!!
What a bunch of idiots.
New 4br builds around these parts are mostly fake-o colonials, so its hard to judge, since I couldn't find any contemporaries.
For new(ish) construction about that size, there are listings from 250K up to 550K here, but I knwo for a fact the 550K ones are part of a subdivision that has been sitting vacant and half-developed for over a year.
If you're willing to go a little older (10+ years old) you can get a nice house that size in the best elementary school area in the best school district in about 6 counties - for under 300K. That would be 5 minutes from the major employer around here, with ready access to parks, natural areas, and convenient shopping. And you can get a slightly smaller, older house in the same neighborhood for comfortably under 200K.
Casey's house would look awfully out of place here, especially with the raked stone for a yard. I doubt *that house* would sell for more than 200K anywhere in town.
Nothing like cookie-cutter McMansions popping up 4 to an acre to ruin a neighborhood. Sub-par, lowest bid construction, cheapest materials available; roboto-looking vinyl siding, rows and rows of them replacing existing vegetation with virtually no gardens or separations...
Hamster mazes of them, popping up left and right.
Who TF would want to live like that?
If you post about the house's worth in YOUR area....PLEASE INCLUDE WHERE you are POSTING from.
Someone over there said the courthouse closing only postponed the auction, not the foreclosure, which was tied to the date. That makes sense to me, but I have no idea how that works.
True? Not true? Is it already foreclosed upon, or does the auction taking place make it official?
@Needs.
PDX Metro Oregon
All things considered, I think the NM housing market's gonna take a HUGE dump. The house isn't worth more than 200k, if that, because of the area, lack of jobs, high crime, etc. It's a pretty house, fo sho, but it's certainly not worth 500k and our Casey never should have paid that much in the first place.
Isn't the cancelled auction the same as if the house didn't sell for the opening bid?
I live in Albuquerque and would never live in Rio Rancho much less pay 400k for a house over there. There are no jobs in Rio Rancho, well except for Intel and we've seen how well they are doing lately.
You have to commute into Albuquerque for work and the traffic coming from the west is ridiculous since there are a limited number of bridges going over the RIo Grande.
We don't have the jobs or salaries to support huge developments of 400k houses. It's just stupid. Prices got driven up by cheap money and fools from CA buying up everything that has been slapped up because they got priced out of Phoenix.
Oh and anon who questioned everything being shut down because of the snow, it happens just about everytime it snows here. It doesn't snow very often and this place is unprepared to deal with it.
That said, I love living in Albquerque. This area has it share of problems, but then what place doesn't.
@needs
Upstate NY.
We need some HOMEY 411 about the auction that may have been rescheduled today, as well as any info on the peeps in da house currently.
Homey, where art thou??
anon@10:19:
And chains and traction tires.. BANNED!!!!
Chains are banned? I've never heard of that anywhere. How do your mail trucks get around.
As for traction tires, I hope you just mean that studded tires are banned. There are some excellent studless snow tires out there that don't damage the roads.
Montreal
Chains and studded tires are banned. We do have snow tires and we sure needed them today.
NR
that house bears a striking resemblance to the single-family public housing developments we have here.
I spent a week in Tucson a while back. I could *never* live there.
One of the guys summed it up best: "there's nothing to see here 'cept for cactus and dirt."
Couldn't wait to get back home.
http://www.imagedump.com/index.cgi?pick=get&tp=3262
aaack!!
You stole that "Fishy Treats" thing from me, and I am NOT amused!!!
"Fishy Treats" is copyright Sputnik_the_Cat 2007.
ALL RIGHTS RESERVED!
I poop in your shoes!
thpptttt!!!!
Checked New Hampshire Statues.. nothing said about studded tires and chains being banned.. (might of missed it.. but pretty certain)
http://www.gencourt.state.nh.us/rsa/html/nhtoc/nhtoc-xxi-266.htm
http://www.scranet.org/WhatsNew/tirechainlaws.htm
For good snow tires w/o chains, see tires with (M+S) mark on sidewall. BFG A/T KO very good (All Terrain)
BFG A/T KM very good but noisy. (big lugs - Mud Tire).
Look who just visited IAFF?
Domain Name (Unknown)
IP Address 207.66.18.# (City of Rio Rancho)
ISP Oso Grande Technologies
Location
Continent : North America
Country : United States (Facts)
State : New Mexico
City : Rio Rancho
Lat/Long : 35.2467, -106.7232 (Map
Domain Name ca.gov ? (United States Government)
IP Address 153.48.52.# (California Department of Corrections)
ISP HEWLETT-PACKARD COMPANY
Location
Continent : North America
Country : United States (Facts)
State : California
City : Sacramento
Lat/Long : 38.4774, -121.4442 (Map)
DOH?!!!!!! Looks like you got som splainin to do Casey.
Here’s a couple for T:
Casey Trump
The Team
Hey loosers. Most of these hits are probably just from the cube dwellers wasting my tax dollars at work surfing the web.
Hmmm.....IAFF latest visitor. I'll bet they are pissed!
Domain Name wellsfargo.com ? (Commercial)
IP Address 151.151.73.# (WELLS FARGO BANK)
ISP WELLS FARGO BANK
Location Continent : North America
Country : United States (Facts)
State : California
City : San Francisco
Lat/Long : 37.7758, -122.4128 (Map)
Language English (United States)
en-us
Operating System Microsoft WinXP
Browser Internet Explorer 6.0
Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; FunWebProducts; .NET CLR 1.1.4322; .NET CLR 2.0.50727; InfoPath.1)
Javascript version 1.3
Monitor Resolution : 1280 x 1024
Color Depth : 32 bits
Time of Visit Feb 15 2007 1:12:29 pm
Last Page View Feb 15 2007 1:12:29 pm
Visit Length 0 seconds
Page Views 1
Referring URL
Visit Entry Page http://www.iamfacingforeclosure.com/
Visit Exit Page http://www.iamfacingforeclosure.com/
Out Click
Time Zone UTC-5:00
Visitor's Time Feb 15 2007 4:12:29 pm
Visit Number 682,008
@Mr. Bubbles
Question. How would could you possibly know who is visiting Casey's site?
I'm all for a good troll and all, but really.
At 1:19 PM, Anonymous said...
@Mr. Bubbles
Question. How would could you possibly know who is visiting Casey's site?
Click on the site meter Icon on the right hand column of his web pages.
DAMN! According to the site meter Wells Fargo has been all over IAFF today.
That type of house would not be in demand here but based on the sf and the lot size, probably 400-425K in Wilmington NC
@ anon 1:19 (Nigel)
Check the sitemeter. What do you think the odds are of a coincidence that the Rio rancho property was set for auction yesterday and today they are capturing pages of IAFF?
Stupid people shouldn't breathe.....
Vague Guru said...
Here’s a couple for T:
Casey Trump
The Team
HAHAHAHA!! I love them!!
Thank you! <3
perhaps wells fargo is visiting his blog to look for an address to send a refund check for the $1000 they allegedly stole from casey.
Hmmm.....Anyone know these guys?
Domain Name (Unknown)
IP Address 204.250.6.# (Accredited Home Lenders)
ISP Sprint
Location Continent : North America
Country : United States (Facts)
State : California
City : San Diego
Lat/Long : 32.9954, -117.0753 (Map)
Language English (United States)
en-us
Operating System Microsoft WinXP
Browser Internet Explorer 6.0
Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; .NET CLR 1.0.3705; InfoPath.1)
Javascript version 1.3
Monitor Resolution : 1024 x 768
Color Depth : 32 bits
Time of Visit Feb 15 2007 1:40:34 pm
Last Page View Feb 15 2007 1:41:00 pm
Visit Length 26 seconds
Page Views 2
Referring URL http://www.autodogmatic.com/
Visit Entry Page http://iamfacingfore...sing-on-my-property/
Visit Exit Page http://iamfacingfore...ill-wrapped-sort-of/
Out Click
Time Zone UTC-5:00
Visitor's Time Feb 15 2007 4:40:34 pm
Visit Number 682,252
The combover becomes Casey well.
Looks like another pissed off lender.....
(Unknown)
IP Address 63.166.226.# (COUNTRYWIDE HOME LOANS)
ISP Sprint
Location Continent : North America
Country : United States (Facts)
State : California
City : Simi Valley
Lat/Long : 34.2521, -118.7843 (Map)
Language English (United States)
en-us
Operating System Microsoft Win2000
Browser Internet Explorer 6.0
Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.0; .NET CLR 1.0.3705; .NET CLR 1.1.4322)
Javascript version 1.3
Monitor Resolution : 1280 x 1024
Color Depth : 16 bits
Time of Visit Feb 15 2007 1:43:55 pm
Last Page View Feb 15 2007 1:43:55 pm
Visit Length 0 seconds
Page Views 1
Referring URL http://iamfacingforeclosure.com/
Visit Entry Page http://iamfacingfore...hed-jamba-juice-had/
Visit Exit Page http://iamfacingfore...hed-jamba-juice-had/
Out Click
Time Zone UTC-8:00
Visitor's Time Feb 15 2007 1:43:55 pm
Visit Number 682,288
cc.ca.us
Fresno, California
2:34:01 pm 4 0:44
http://iamfacingforeclosure.com/category/sweet-media/audio/
That's the podcast where he verbally admitted to committing mortgage fraud.
It looks like the shit is finally hitting the fan.
@john mckee
Isn't cc.ca.us the college system? I don't think it is anything nefarious.
And another creditor:
Domain Name (Unknown)
IP Address 167.88.178.# (Washington Mutual)
ISP Washington Mutual
Location Continent : North America
Country : United States (Facts)
State : Washington
City : Seattle
Lat/Long : 47.6103, -122.3341 (Map)
Language English (United States)
en-us
Operating System Microsoft WinXP
Browser Internet Explorer 6.0
Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; .NET CLR 1.0.3705; .NET CLR 1.1.4322; InfoPath.1)
Javascript version 1.3
Monitor Resolution : 1024 x 768
Color Depth : 32 bits
Time of Visit Feb 15 2007 2:57:19 pm
Last Page View Feb 15 2007 2:57:19 pm
Visit Length 0 seconds
Page Views 1
Referring URL http://www.google.co...obert kiyosaki video
Search Engine google.com
Search Words robert kiyosaki video
Visit Entry Page http://iamfacingfore...ted-robert-kiyosaki/
Visit Exit Page http://iamfacingfore...ted-robert-kiyosaki/
Out Click
Time Zone UTC-7:00
Visitor's Time Feb 15 2007 3:57:19 pm
Visit Number 682,828
@Dumbfounded:
Whoever was looking at IAFF from Accredited Home Lenders (who, BTW, are based in San Diego and not doing so well financially) was following a link to the homeless dude story from autodogmatic.com. This note is posted on the site under the heading Casey Serin vs "The Homeless Dude": A Comedy of Justice
"You simply must read this blog thread, in which Casey Serin of "IAmFacingForeclosure.Com" fame complains about a homeless guy squatting in one of his ill-gotten, under-foreclosure properties. The posters to the thread leave no stone unturned in exploring the irony of the 24-year-old real-estate anti-mogul coming down on a rather gentlemanly homeless guy for ... ill-getting one of Casey's properties.
I haven't laughed so hard in a long time."
Much as I hate to piss on any of us hater's parades, just because someone as Wells Fargo, the DoJ, etc. has looked at IAFF does not mean that they are gathering evidence.
For all we know, it's a bored secretary tickled pink to see her employer look bumbling and slow.
Still, we can hope, and R Boy and others' efforts may be be what wakes these fools up.
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