Wednesday, March 07, 2007

Swimming Naked

Warren Buffet once remarked that you'll never know who's swimming naked until the tide goes out. As some have suspected I don't live in a 3rd story cold water flat. I have kinda a nice crib. I thought since the tide is going out I'd show the first 15 of 200+ notices in my zip code. A tax lien typically carries a 10% late fee thus #1 with a $3,323,567 price and 1/2 overdue at 1.1% is $17,000. Ouch.
Tax Lien Encino Ave $3,323,567
Preforeclosure Camino Tierra Santa $2,863,737
Tax Lien Calle De Debesa $2,826,381
Preforeclosure Avenida De Aprisa $1,993,057
Preforeclosure La Marina Dr $1,986,217
Preforeclosure Calle Alberca $1,899,630
Tax Lien Cerro Crest Dr $1,459,079
Tax Lien Alviso Dr $1,400,733
Tax Lien Avenida De Autlan $1,362,366
Tax Lien Crestview Ave $1,319,265
Preforeclosure Valley Vista Dr $1,316,792
Tax Lien Valley Vista Dr $1,316,792
Tax Lien Catalina Dr $1,280,610
Tax Lien Diamond Dr $1,258,030
Preforeclosure Avocado Pl$1,234,761

Seemsa lot of the neighbors I envied aren't aall that worthy.

115 comments:

Anonymous said...

One advantage of dropping house prices would be lower property taxes for those who bought at a peak.

aaron said...

anon,
you are incorrect. local gov't relies on that money. if they value goes down they simply raise the rate. That's what they do around here and I'm sure in most places.

Rob,
I won't bitch about my taxes anymore. 5800 ain't to shabby.

Stephanie J. said...

My property taxes are $672 per year. It's *such* a drag ::said dramatically::

Tom in NJ said...

Yeah, OK Steph, that's one advantage to "single wide living".
(said in jest)

Rob Dawg said...

This is Kal-e-forn-e-yah. Here we don't let the municipalities just steal, we make them jump through hoops before they steal. All those 15 I mentioned are not the interesting ones. Those are those who purchased recently. I pay 1/10th what either of my neighbors pay in property taxes. Way down the list are people with $200k tax valuations and still in default on $1m properties. I'm going fishin' fer naked people here soon.

Tom in NJ said...

What is the zip code of these properties?
Is that an annual tax, quarterly ?
My tax in Jersey average 7,000 each house, per year.
Steph, I'm mov'in in with you !!!

Tom in NJ said...

Sorry about the stutter.

Rob Dawg said...

Took care of it.

Anyway. CA property Taxes are due 2x per year 50:50. Dec 10th & April 10th plus/minus a few days. The tax rate is supposedly 1.00% but typically 1.13% at the lowest and so much higher that it isn't funny. But most are 1.1-1.4% of original purchase price.

The zip is 93010. Nearby zip is 93012. Have fun. If you have any specific questions about any property I know most of them off the top of my head.

Akubi said...

Stephanie,
$672 per year?! Are you serious?!
I'm living in the wrong place.

Stephanie J. said...

Aaaahh. My teeny quarter acre with a ski-cabin hunkered on it (a whopping 600 square feet of coziness). Lots of trees, river-noise, the milky-way at night (Not a singlewide, BRAT FROM NJ!!) Ew. I'd never buy a depreciating hunk-o-crap like that. And I'v aleady got a roomie (+ my Jack Russell Terrorists)

It's a little bit o'heaven.

Except when the Beaverton butthole neighbors drive up for the weekend with their bad hair and birkenstocks and passive agressiveness. God I hate people (present company excepted).

Sort of makes me wish I had a backhoe I could just drive through their ugly, tasteless house, with the bucket sticking straight out like a fist.

incessant_din said...

Rob, here is some interesting anecdotal evidence of things being bad. I first looked at Colorado, then I thought to look at Cali. Wow. Lots of stuff, and they still are asking pretty high. If they were a depository, the bank examiner would faint at the amount of stuff they own.
http://www.countrywide.com/purchase/f_reo.asp
And what of New Century? Well, a lot less REO listed. Beware of giving them your info, since the certificate is invalid, and I don't see a link to the parent company's page. Could be that they are just too new to the REO game. Methinks they will not be solvent long enough to get to be an old hand.
https://www.reo.newcentury.com/REOPortal/homepage.aspx

Benoit said...

Apologies for breaking into a housing-related thread, but I found this nice blog post filled with righteous indignation at Casey Serin. We already know the majority of the information there, but it's nice to see widespread encouragement for people to report Gay-sey's antics...

BJ said...

@stephanie j.

What you really need is one of these;

http://www.terex.com/main.php?obj=prod&action=VIEW&id=71deb8b64bcb1c9d36580df5ff72358c&nav=prod&cid=182b2104d7a1ce2c68b57b49f8c1436c

Somewhere, there is a picture of what one of these does to a full sized SUV.. and the driver didn't even notice it... (not the driver of the SUV though).

BJ said...

Better than a backhoe for dispensing the "Birkenstock" crowd. Good for making just about anything 1 inch high afterwards.

Terex

Think I got it click-able this time..

Anonymous said...

Ooofa! That's gonna leave a mark! He REALLY hates Turnip head, doesn't he?

Gee, why is it the most common emotion Turnip Head generates is anger? Do you ever ask yourself that, Casey? Hmmm? Does it amuse you, like I suspect?

Anyway, to the topic at hand - in the real estate bust of the late 80's, a lot of people were exposed as total frauds in the town I lived in, Danville CA. (About 40 miles east of SF). There was a gated community there called Blackhawk (and is still there, despite my fervent prayers whenever Mt. Diablo burns) full of new money, snotty, arrogant yuppie assholes who lurch around town showing off their cars, clothes, and houses. I lived there for 20 years, and I loathe them all with a passion.

Anyway, waht we all learned in that crash is a lot of them were living check to check, because they overpaid for their proto-McMansions. (Blackhawk is truly where that disease started). They were all living on credit. Their cars were leased, they all owed astronimical amounts on their credit cards, and yet again their "wealth" was the equity they thought they had.

Prices crashed HARD in Blackhawk. I remember my mom drooling over some of the really good bargains, some half off their last appraisal.

My freind delivered pizza up there. They were as a group paying for pizza with pennies, nickels, and quarters. Many slunk out in the middle of the night never to be seen again. Houses sat on teh market for ages, for a fraction of what they paid.

My dad, who probably made more than most of them, who lived in more modest area of town, took advantage of the situation and refied into a lower rate, and pulled out some equity to redo the kitchen. He was smart. He knew we'd be there for a long time, and when he did move, he doubled his money on the house. Which is now appraised at 5x what my father sold for 7 years ago - and having worked on that house with my father, and knowing it's flaws intimately, it's worth exactly one fifth of what it's "worth" right now.

I imagine there's a lot of people in the Bay Area right now who are like the idiots in Blackhawk - overextended to keep up with the neighbors, expecting huge returns if they have to sell, and a lot fo them will be paying for Dominoes with pennies in about a year.

And I'm going to laugh my loser renting ass off at them.

Anonymous said...

PS - if you want to know about a neighborhood, ask the local pizza delivery guys. They have the true pulse of the neighborhood, they're the ones knocking on the doors.

Tom in NJ said...

I'm having difficulty posting, doubled up before, so I hope this is a single

Steph,
Giant forsythia will block out your nasty neighbors, and if they are South of you, more the better.
This plant is very invasive and will root wherever it touches ground. It chases the Sun.
Oh, and this "brat is probably older than your parents, so let's have a little respect for your elders, young whippersnapper

Rob Dawg said...

Wierd things happen' wit' da blog. Might be my testing for the big move or it might be crappy blogspot. Everybody gets a free pass on double postings and such.

Stephanie J. said...

@Tom
Brattiness transcends all ages; and my parents are 77 and 68 respectively. Im 36--a bit past whippersnapper and well into Bitter.

chjts said...

Except when the Beaverton butthole neighbors drive up for the weekend with their bad hair and birkenstocks and passive agressiveness. God I hate people (present company excepted).

Steph must live in newberg or somewhere between there and hillsboro...let me guess..somewhere off tile flat road or roy rogers hwy?

Stephanie J. said...

Oh and BJ...
Where can I get me one of those? OMG, that is the cutest thing I've ever seen. Those tires probably weigh more than my rig.

Stephanie J. said...

I live near Mount Hood, my dahlin.

incessant_din said...

Anon 5:48,

My wife lived in Danville at the time, and told me the same story about empty neighborhoods in Blackhawk and Dublin, with some people being the only residents on their street for months if not years.

Seeing what I saw in SoCal in the 90s has made us both very aware of the logical conclusion to this latest round of speculation. I think we'll still be somewhat surprised at how violently it goes down.

Stephanie J. said...

I personally enjoy seeing these huge swaths of new development all around PDX Metro--houses so close together you could see plaque on your neighbor's teeth-- with tons of them standing empty for lack of buyers. LOL LOL LOL

UncleC said...

CASEY ON TV -- 6:30PM Casey was just interviewed on our local San Francisco CBS station (CH-5). He was shown at the Burdett house, milling around, turning up the heat, lol (he's not paying). Story focus was on 100% loan problems, not just Casey. Length about 3-4 mins.

Casey didn't look too good, rather raggedy, a closeup showed what seems like lower tooth problems. But he does have good body posture and he was wearing his favorite bag. Nothing on his site yet. On closing, the reporter emphasized that Casey was not facing any legal charges.

UncleC said...

Here is the CASEY TV story url:

http://cbs5.com/topstories/local_story_066221639.html

The story title is Central Valley Man real estate problems

Anonymous said...

That goofy muthafocker went on camera and said he got cash back "under the table" or from a "third party".

SOMEBODY PUT HIM IN JAIL!

chjts said...

I live near Mount Hood, my dahlin.


hmmmm...sandy, welches, zig zag???????...I remember you said you didnt live in gubment camp.


I have explored some of those forest service roads and amazed how many houses are down some of them...do you live on one of those.


PSSS...My retirement property (4.9 acres) is outside of Welches....I plan on building there in maybe 5-10 years and moving up there permanently.

PSS..I am still 30 years away from retirement.

king friday the 13th said...

wow. casey admited on TV to mortgage fraud -- side contracts where he got more than 3% cash back allowed under CA law.

wow... just wow. All the DA would have to do is play the video clip to the jury and he would have a conviction.

I can't believe there isn't a DA in CA who would go after him... it's a sportscenter-highlight slam dunk of a case.

wow. If this kid walks, the republic is done.

king friday the 13th said...

Breaking the law is ONE thing. Admiting to it on television is ANOTHER.

I was expecting Homey to pop out of a closet and slap the cuffs on casey.

007 said...

I hope this same "crackerjack" reporter is there when Snowflake gets to do the perp walk. How about just a tiny bit of investigative research before bringing out the film crew? Is there not one LE agency in the entire state of Calif that can stop this clown? He's just admitted to doing illegal cash back loans on tv for crissakes!

An investigative reporter could have a field day with this story. It would be like throwing a Holiday Fogger in a crack house, so many cockroaches would come scurrying out from behind the walls.

Anonymous said...

The article (and KC's lying ass) seem to infer that he was still employed when he bought all of his properties. All and investigator had to do was to read KC's blog to see that he had quit his job in the midst of buying all the properties.

JJS said...

Just when I thought Casey couldn't top himself, he goes on the news and admits his fraud (in case the prosecutor doesn't have an internet connection). Someone needs to take all of Casey's video/audio clips of him admitting fraud and make a montage for YouTube. Mix in pictures of him enjoying the sweet life and the crappy condition of his houses. Title it something like "Crime Pays" to get attention and get it picked up by the major web sites.

Agent #777 said...

He posted it to IAFF now...

JJS said...

Reading his new post, it's pretty obvious what he's up to now:

"If you are facing foreclosure: feel free to email me and I’ll try to help with advice and/or referrals, although I may be slow to respond because of the volume of email I get every day."

This "G-Money" fellow he was meeting with is probably an equity stripper who is using Casey as a new spin on the "we buy houses" billboards and ads you see everywhere. What better way to find people facing foreclosure that to have a sympathetic frontman who they can associate with? Casey also has good search engine rankings for a ton of foreclosure terms. If you look at his visitor stats, there are a lot of hits from people searching Google for common foreclosure phrases ("short sale", "hardship letter", etc.).

Cased! said...

Snowflake:

"Hopefully my foreclosure stories and this blog can help homeowners and over-leveraged real estate investors by showing them what works and doesn’t work in situation like this.

If you are facing foreclosure: feel free to email me and I’ll try to help with advice and/or referrals.."

Just what someone needs - financial advice from Casey Serin! I wonder what he thinks "works...in a situation like this" - going into lender-ignore mode? (I'm sure he is hoping for referrals though...)

Hey Case - as you know, tomorrow is International Women's Day - the Russian version of Valentine's Day. I recall you got something real nice for Galina last year - what are you getting her this year?

Jude said...

@ JJS

I second that. The best way to find out is call, claim that you saw his story and that you too are in distress.

See where he sends you.

Benoit said...

Man, I watched the online video of the Casey story. My heart kind of jumped a bit when the reporter started a sentence with: "Earlier this week, a criminal probe was launched...". Sadly, the investigation was against the lenders, and not Gaysey™ himself. bleh.

segfault said...

Found this in the Rotten Library (http://www.rotten.com/library/medicine/eating-disorders/), regarding wheatgrass:

and if you thought fat people were ugly, take a goggle-eyed gander at vitamin-deficient vegans. The universal hallmarks of a long-term vegan diet absent in proteins are pallid gray skin, stringy straw-like hair, knobbled witchy finger knuckles, cracked lips, diminished muscle mass, protruding bones, yellowed teeth, a smug sense of self-satisfaction, and enough lanugo peach fuzz to carpet the moon.

In January of 2006, a Miami jury convicted Lamoy and Joseph Andressohn of felony child neglect for enforcing a strict diet of raw fruits, vegetables and wheatgrass. Their baby weighed less than seven pounds when she died of malnourishment, too weak to lift her head or sit without help. In the last three days of her life, she could only roll back her eyes. The autopsy reported that at the time of death, the child had "a grassy odor" and a bloated, distended abdomen.

Other children in the Andressohn family never saw a doctor, but received wheat grass enemas in lieu of traditional Western medicine, and testified they were taught that cooked foods were "evil." Shortly after the children were removed from their home by authorities, they discovered a new love for tacos. The mother and father, meanwhile, were ordered to abandon their extreme diet and keep their children on meals approved by a nutritionist.

Anonymous said...

NOT WORK SAFE
http://img292.imageshack.us/img292/158/galinaiw7.jpg

PMSPMS

Jade said...

ding ding ding - we have a winner:


"This "G-Money" fellow he was meeting with is probably an equity stripper who is using Casey as a new spin on the "we buy houses" billboards and ads you see everywhere. What better way to find people facing foreclosure that to have a sympathetic frontman who they can associate with? Casey also has good search engine rankings for a ton of foreclosure terms. If you look at his visitor stats, there are a lot of hits from people searching Google for common foreclosure phrases ("short sale", "hardship letter", etc.)."

Benoit said...

@ PMSPMS -- heh, very nice. Here's a Photoshop challenge: recreate Casey's future prison experience by finding a picture of a hulking dude ****ing a thin white transvestite. Paste in Casey's head over the latter's body. ;-)

Stephanie J. said...

PMS...

Gross. That's just nasty--
flat-breasted used up lookin' thing.

Ew.

Anonymous said...

...link is from whofailedtoday BTW...

(Apologies for late acknowledgement).

PMSPMS

Jade said...

my feeling is that the DA hasn't charged him because the Feds are working on some charges.

They'll have to do something, he basically just dared them to.

The anonymous lawyer said...

I thought Casey said he made 35K/year. How come he keeps changing the yearly figure? I doubt it's because he sucks with details.

Anonymous said...

It's possible that, especially with all the other foreclosures and problems facing the lending industry right now, Casey might have managed to fly enough under the radar to avoid legal action in his forclosures had he simply shut up and kept out of the spotlight (possibly even if you include his blog revelations). Now? It'll be a miracle if he does.

It's like he either wants to be caught, or thinks he can't be caught. What an unbelievable dumbfuck.

Benoit said...

Hey, Steffypoo™ ... guess what? Casey posted your 'Staving off Foreclosure with Juice book on his Flickr account -- as usual, without any attribution. Although, amazingly, he left the e-mail address including "caseyserin.info" in.

He also posted the "The Casey" photoshop with the note "Thanks to whoever made this". LOL.

Stephanie J. said...

Yes, he said the casey had creativity. I'm flattered. :snort:

Here's my prison image:

Cliquez ici

I kind of hurried it a bit, because I'm tired and want to crawl into my cozy bed. But I thought it was still funny.

Heh heh

Stephanie J. said...

Goodnight, sleep tight, and I hope you all get lots of love-bites.

::yawn-stretch::

Benoit said...

ROFL... I wonder if he'll post that image to his Flickr account as well, or if he'll deem it not "organic" enough for his tastes... ;-)

Jade said...

Stephanie - that was AWESOME. So many terrific details!

Tony Soprano said...

Jesus H Fucking Christ! Will someone please pay for this fagot to hire a lawyer to tell him to SHUT THE FUCK UP!

Casey, it's one thing to blog online and dare the Feds to knock on your door but now they have NO FUCKING CHOICE! They are gonna be a HAMMERED tomorrow with demands for your head. Unreal........You my friend are gonna be a sperm bank at Folsom.

Go Heavy

AkubiDoo said...

G'night Steph.
Missed most of the discussion, but I do like your ::yawn-stretch:: action :)

Jim, From Monterey Bay Proper said...

@ Rob-Dawg

Say it isn't so. Only 800 cases of fraud last year? Am I missing something here?

http://biz.yahoo.com/ap/070307/fbi_mortgage_fraud.html?.v=2

AngryZitHead said...

This bullshit Daylight Saving’s Time change has ruined my life and my laptop.
I’m pissed. Real pissed – and have this enormous zit on my forehead that continues to grow the angrier I get...and too mad to touch KC's site at this point.

AngryZitHead said...

Y2K lacking any preparation - other than last minute shit. Damn republicans...always waking up early and wanting the "sun" up when it isn't. It is down big time and they're fucking things up more with the mini-Y2K tech crisis.
end rant for now...

Rob Dawg said...

Yah Jim, 800 freakin' case(y)s of fraud. Even considering those where the civil penalties were deemed sufficient it is still pitiful. The whole system needs disintermediation. Maybe a revamped version of that private lending site. As it stands even the prosecution is random and inefficient.

AngryZitHead said...

Rob Dawg,
There was too much to digest given my pissed off state of being and "relying upon the kindness of strangers" - but I am curious what you pay in property taxes.... Prop 13 pissed me off as much as Reagan as a kid.

Prop 13 California Boomer HATER said...

Just love seeing boomers pay less property tax than myself (in my small condo dump) while they are living in enormous, expensive homes and consuming the social security and Medicare I will never see while wasting $ on bullshit.
Tell you the truth, they piss me off more than the illegal in the hospitals and even Casey Serin.
Personally, I’m fucking tired of getting screwed footing the bills of others.

Footin the Bills of Others said...

Apparently, I'm alone with that anger - or everyone else is asleep or watching television. Sleep is good. Television sucks big time - especially commercials.

Hot Tits in Texas said...

http://www.shelfari.com/Mermaid

Yeah baby.

Subsonic22 said...

Watch the last 5 seconds of the story. The anchorette reports, "Even though CS is half a million dollars in debt, he says he is not facing any criminal or civil legal action."

I can't belive the reporters wouldn't verify with the state banking department to verify if that statement was true. If CS is right and they don't prosecute him, then you end up having more of these kind of scams. He is basically giving the middle finger to the legal system. Some guy can get 20 years for holding up a 7-11 for $500, but CS and his type can rip off a bank for $500,000 with the stroke of a pen, and he won't be prosecuted? How f'd up is this?

Lou Minatti said...

"Even though CS is half a million dollars in debt, he says he is not facing any criminal or civil legal action."

I watched that too. That's a pretty bold claim to make. He's throwing fresh meat to the prosecutors.

Anonymous said...

Couple thoughts but First I must say Stephanie J. that is some great photoshopping. Love the Nigel pics on the wall. Excellent work!

Now, my best friend and his wife both work in the news here in New York. My best friend is in the investigative unit (sorry folks only local stories apply - but I wouldn't stop anyone from emailing Dateline or 20/20 about his story, their producers could get to the bottom with about 15 minutes or internet research and phone calls). ANYWAY, I've been used for fluff pieces like this THREE TIMES. It goes something like this.

RING:

Friend: "Hey, so-and-so is doing a story about such and such and we need a guy to pad it up. What are you up to?"

Me: "I could spare a couple minutes"

Friend: "Cool, I'll send them by your work."

So within the hour News van pulls up, out pops reporter and cameraman. Reporter asks dumb questions, I give fluffy answer, they jump in van and at 6 VOILA! News story.

See most people don't realize it but even in New York, they need some fluff pieces to fill up the time while other reporters are gathering REAL NEWS. This is a local news station, this isn't Brian Williams or Stone Phillips talking about Casey. What we have is, a local reporter who's trying to piece together a fluffy story about the state of the market overall, and the producer knew someone who reads IAFF. Bottom line is, Casey is mistaken if he thinks this piece goes anywhere. It's over and done with, it's like a fart in the wind. How else do you think nobody even noticed that I'm the same guy in three separate pieces?

TK said...

I don't know my feeling is they said it like "don't worry though, if you did this too, they won't come after you, you just have to worry about how to wiggfle out from under your half a million in crushing debt and nothing to show for it.

This piece and the Utah trip are classic Casey-shuffling-papers-on-the-desk material though. I love the shot of him cranking up the heat.

Anonymous said...

"Even though CS is half a million dollars in debt, he says he is not facing any criminal or civil legal action."

"I watched that too. That's a pretty bold claim to make. He's throwing fresh meat to the prosecutors."

"He says" - key phrase. The producer of the piece covers his ass, and throws Casey under the bus if anyone from the Sacramento DA's office or FBI office saw that and spit coffee all over their desk.

I would'nt be surprised if that tape ends up as an exhibit in court - the only question is who subpeonas it - the CA DAs's office, the FBI, Countrywide, CashCalll...he just won their cases for them, and reduced the cost to prosecute him.

I just wrote a letter to their lead editor warning him of using Casey for these kind of stories, and urged them to visit the shithead's site and get the real story - lazy field reporters are one thing, but I'll bet the newsroom does not want egg on their face when their poster boy is in a story they're running getting nailed for mutiple counts of fraud.

If this blog accomplishe anything, I think that contacting the media and making shithead as toxic as possible for them would be the best - it's the only thing he has left, and we can take it away from him. If you pummel the editors and reporters hard enough, one of them will pick up on the potential for a story here, tracking shithead from blogging fraud to the perp walk.

I have a family member who was a field producer for an affiliate, and he said he'd track tons of stories, to see which one would pay off - not all of them are lazy hacks. I know what he would say about the fluff piece - the producer was lazy, all they needed was one call into the DA's office, so they could say "He faces no charges, and the Sacramento DA's office had no comment".

THAT'S reporting. My relative would do things like that on purpose if some scumbag they were covering got too arrogant - he got a couple people in BIG trouble by following up on some of their claims, and got "They said WHAT?!?!?!" reactions. My relative still has tapes of stories he could'nt run because once he started doing that, everyone lawyered up and he was warned to back off. Heh.

I have a feeling that if a couple of local producers or a national affiliate called the Sacramento DA's office and said, "We'd like to verify, this person Casey Serin faces no criminal or civil charges, right?" that his case file would jump to the front of the line FAST.

Anonymous said...

@Anonymous 5:50

Mortgage fraud is officially becoming a timely issue. Casey will get his when the wheels fall off - think Enron and Worldcom. The subprime meltdown is just the beginning. The abusers of a now defunct system are going to be trotted out as the villains but it may take a little while to play out. It started last week when the lenders started to really get smoked. They're looking for a few "poster boys" to publicly hang because that's what the shareholders will demand (despite the fact that the lenders themselves share an equal role).

visioneer said...

@ BJ (5:46 PM)

I think this is the image you referred to.

http://www.gofrumpy.com/viewer.php?id=1173362830big_cat.jpg

BadjerJim said...

My wife and I are both Realtors, and have followed the Casey Serin saga since early October. I've made comments here as well as on IAFF.

I just showed my wife that Channel 5 clip from last night. She was slack-jawed in disbelief. "Why haven't they arrested this guy?" she asked.

Indeed.

Part of the job of law enforcement is to prevent known criminals from causing further harm to society. All the stuff that's going on in Utah points to more scam-deals. Knowing Casey based on his past actions - whatever he's into will be based on quick-money-with-zero-work. And certainly illegal, in one way or another.

Please: somebody STOP this guy!

sid_finster said...

As long as Casey manages to remain white and to avoid committing a violent crime, he very well never face charges. If he is charged, he may avoid prison, possibly as part of his plea bargain. White collar cases rarely go to trial.

Even if the public demands that he be jailed, Casey will probably draw minimum security/work-release/home detention or something similar. (Federal time may be a bit tougher to deal with, on account of Truth In Sentencing laws, but he is small fry by Fed standards.)

The fabric that holds society together is damn thin.

Rob Dawg said...

Prop 13 & property yax questions. I pay very little in property taxes because I made a good deal. About 1/4 of 1%. $2600/yr on a $1m property. But don't think I'm ripping off society just because some of my nieghbors pay much more (some pay much less as well). I actually pay a higher tax RATE than recent purchasers. 1.25% versus 1.0%. What other taxes would you like to have set by the dumbest most extravagant buyer? No, that's the deal I have with the government, just like my neighbors who no matter how stupid can't affect my taxable basis.

Rob Dawg said...

At this point Casey may want to be stopped. Most likely in Caeyworld™ he's getting ready to claim his honest media monetized comeback would have paid back every dirty penny if only he hadn't been arrested beforehand.

Anonymous said...

Anybody want to bet that if Casey is arrested some shyster lawyer will claim that the "haters" are the reason why Casey is on trial and at risk of jail time?

Anonymous said...

Any lawyer who based a defense on the "haters" being the reason for a trial needs to be disbarred immediately.

What it all boils down to is the signatures on the mortgages, the illegal cash back, the lies on the applications, and the filing of them at the same time to avoid being trued down for excessive debt.

Add in he's publically admitted to the above, and it's pretty much a slam-dunk for the prosecution.

The fact that he's done as little as possible to service his debts only makes it worse. L'il Casey's usual "Why bother" attitude is sure to anger and inflame any judge and jury who hears it.

Now he's virtually BRAGGING about it on tv, and trying to portray himself as a victim of the housing bubble collapsing, it's just not looking good for shithead.

I can't think of anything besides an insanity plea that could get L'il Casey off the hook when it goes beofre a judge and jury.

He'll still try to come across as a dew-eyed young innocent who was led astray by the Evil Real Estate Industry™, but the bottom line is, he signed on the dotted line every time, and ignorance of the law is no defense. Intent is also important, and he's already admitted to lying on applications to skirt the law.

Cased! said...

If LE won't act, maybe we should start a private RICO suit (given Casey's appeal for people to contact him for "referrals", he clearly is continuing his prior criminal conspiracy with unspecified other people).

We could all buy one share of Wells Fargo, and then sue Casey on the grounds that he was conspiring to defraud us...

Eth Real said...

My email to the CBS reporter:

"Your piece on Casey Serin really glossed over the blatant lies he made to get his loans. It is not simply a matter of him overstating his income and manipulating the system to get illegal cash back at closing, he also lied on every single loan claiming they would be owner occupied and not disclosing all the other deals he was doing. He bought eight houses in such fast succession in order to avoid having the information show on his credit report before the next purchase. While he has not been charged yet, his blatant fraudulent behavior is typical of many people who are being charged and it is probably just a matter of time. What I want to know, and what would be an interesting piece to see, is why he hasn’t been charged.

Your anchor said he claims he’s not facing any civil or criminal charges. I understand the truth is that he has not yet been charged, not that he could not be charged.

I hope there is a follow up with interviews with the FBI etc. about who they do go after and why they let others fly beneath the radar when the illegal behavior of a Casey Serin is costing society hundreds of thousands of dollars."

The reporter's email address is: lobertini@kpix.cbs.com

FlyingMonkeyWarrior said...

Well, you are all very Indignant, but I reckon KC is the Poor Little Niave Victim here not the vilin, according to the angle of the MSM and the Gov. I can not believe you all dont' see that. Poor KC. Boo f'ing hoo.
iw
*****************
The Florida Attorney General has released a Consumer Alert warning people about the dangers of mortgage fraud. Most of what is released is actually a warning about predatory lending but some is fraud related.

I have copied the main topics of the Alert below and you can read the whole thing by clicking here.

The Alert states that there are several variations of home equity scams of which Floridians should be aware. Equity stripping occurs when a lender encourages a consumer to manipulate their loan application in order to qualify for a greater loan amount. Loan flipping involves lenders who repeatedly encourage consumers to refinance their loans, which may require them to borrow more money and as a result accumulate higher fees.

snippit from here:
http://tinyurl.com/yp6dlm

or

for more the main page url;
http://www.mortgagefraud.org/

Eth Real said...

@ Steph:

I did my mountaineering training on Mt. Baker, spent 21 days on ice - I love the mountains around there. The day we summitted, we could see Hood... did you see me waving?

Eth Real said...

@Flying Monkey

If an owner occupant fudged income numbers to get into his/her house of his/her dreams, that's a very different scale than what Casey did. Lying about owner occupancy, getting cash back >3%, lying about having a job and what your income was, stacking the deals so close together and then failing to disclose that you have done other things taht could negatively impact yoru credit report while each loan was being processed - and then to do each of those illegal things 8 times... Oops, I did it again!

There are victims of predatory/shady lenders - he's nto one of them.

Anonymous said...

IAFF is down again. My guess on the cause.

1. Casey's IT Skills
2. Then men in little white coats came to get casey.
3. The men in blue coats came to get casey

Anonymous said...

Casey's site is down...

Katie said...

Someone needs to start archiving, quick.

Unless this is one of his "planned" outages....

Or Homey has come to the rescue....

Or...

Anonymous said...

Oh his latest post has me fuming. He's just throwing it into the face of everyone. Could someone do me a favor and post his address again.

Yulia said...

@ Anon 7:58 --

YULIA SUPRUN
2508 Snapdragon Circle
West Sacramento, CA 95691

:-)

Rob Dawg said...

Address?

Folsom, ask for Mrs. Bubba.

Stephanie J. said...

I'm not going to jump on the speculation train about the downed-site. Each time we do that, it ends up being something completely retarded; like his not paying the bill, or doing something to stir up threats of litigation.

Anonymous said...

I grab a copy of the site pretty much every day to run through diff to look for changes, so if The Snowglobe is down in an effort to make things all better, that won't happen. :)

Conspiracy theorist said...

Steph J

Love the no. on the prison shirt. 6923. 69 - obvious. 23 = 666 if you look at that new movie "thae number 23."

Katie said...

@Steph J.

You're probably right, except I think that this time, Mr. Jackass has realized he needs to do some quick historical "revisions" because it could get his butt into some real trouble. He's probably going to clean up the Utah narrative (equity skimmer, anyone?); he'll dip into, and clean up the information about his income and employment history (since several of us caught him lying about that for the TV story). He's also got to scrub some of the hater comments that refer to this. And take down a few of those stupid pictures of his. This warrants a total takedown, I suppose.

Or maybe he realizes he's in so deep that it's over. Who knows. If that's true, I hope he realizes that it was his own big mouth that did him in.

Anonymous said...

Rob, one can wish he was in Folsom. But I'll be canvassing around his home this week with some flyers about him. Not that it will do much, but anything that can make him uncomfortable at this time will make me feel better.

Stephanie J. said...

@Katie
Well, Anon 8:15 will let us know if there have been selected 'revisions'.

sid_finster said...

Attempts to revise his blog won't help Casey. Everything has long been archived.

Benoit said...

May I suggest a blog topic with appropriate pic? Remember the SNL sketch, "Unfrozen Caveman Lawyer" with Phil Hartman? That's Casey at his trial --

"Ladies and Gentlemen of the Jury, I'm just an Uzbekistani immigrant. I emigrated here and had to learn your modern culture. Your country frightens and confuses me! Adjustable rates, APR's, points? My primitive mind can't grasp these concepts!!"

Committee against flyers said...

@anon 8.30...

That's getting close to stalking. The guy should be punished and stopped from committing further fraud, but it's not as if he is a child molester. I think the crew here are doing plenty to raise awareness and not sure what flyer in the hood would acheive - except he might finally pull his blog and that would ruin all our fun.

R-Boy said...

Countrywide pinged him at 7:55 PST
FOLEY & LARDNER pinged him at 7:35 PST

Cased! said...

"The New, Improved, Iamfacingforeclosure.com!

Sanitized for Casey's Protection!"

Eth Real said...

IAFF is back up...

segfault said...

I'm looking for edits to Flickr. I remember a photo similar to this one, except there was a slightly balding figure who looked like Nigel with his back to the camera. Could that have been the mortgage broker or the mysterious Mr. G., or was it simply Nigel Smarmy?

segfault said...

cased! @ 8:47:
Sanitized for Casey's Protection!

Casey should be sterilized for our protection!

Eth Real said...

IAFF is back down...

Benoit said...

segfault, he *did* crop that picture... I didn't see a balding guy, but in the foreground of the old picture there was a blue Cadillac. hmm...

TheREForum said...

Thank you to Benoit and Rob for linking that piece on CS. You guys are way ahead of the industry folks in talking about this guy, so I'm trying to do what I can. The original piece is at http://thereforum.blogspot.com/2007/03/mortgage-fraud-why-lenders-need-to-know.html

One comment I'm not allowing to post says "Should I dump Casey?" from
http://galinaserin.blogspot.com/
I'm assuming it's some spam, but feel free to have fun with it.

R-Boy said...

To All,

I got a response back from the Bureau Chief from the CBS newstation that aired the piece.

"Casey was not made out to be a victim. Instead he was used as an example of how home buyers, brokers, real estate agents, and appraisers duped the system. [b]He's in deep trouble & I don't think that was disguise that at all.[/b] This story was about the Banks & Lenders who made it too easy for people to buy homes & now they're going out of business & the real estate market is suffering as a result."

Casey Fannnnn said...

I just watched the video. I thought it was neutral in its approach. Casey damned himself with his own words. He appeared dim, dopy, and depressed. He confessed, in the most bland way, to some of his crimes. It's hard to be absolutely sure without actually knowing the guy, and I know he's attempted to create multiple variant online personae, but I think sometimes he really is nothing more than a goddamm idiot.

Stephanie J. said...

Bland. What a perfect way to describe CS. He is totally bland, even when he's pissed, he's Mr. No Personality.

I think I've seen his hackles go up once or twice--but he really just sits there, lips slightly parted, mouth breathing, talking in a series of monotone words.

Can you imagine him having a good laugh, or being impassioned about anything. I can't.

Benoit said...

I dunno, Steff, he's pretty passionate about his juicer. And wheatgrass shots. Did you see the caption on his recent wheatgrass Flickr photo?

"2 ounces for me because I'm a regular user". Well, he's at least reached the first step -- admitting you have a problem. ;-)

Eth Real said...

I got a reply from the TV journalist poiinting out taht the story was only 2-minutes & 40-seconds and they try to be as indepth as possible, but there are limitations. (Note from me: I used to be a journalist (print), so I understand how hard it is to write to a tight timeline such as that).

He said "Casey Serin was used as an example of the thousands of people who duped the lending system with the help of Mortgage Brokers, Real Estate Agents and Appraisers. He has not been charged & until he has that's all we can report."

I still think that he is an extreme example of what happened to the sub prime lenders - most of the problem has been people stretchign themselves to buy a home to live in - Casey is among a small group and his defense of "everyone was doing it" is hogwash. I work with many small investors. One or two have stretched the truth re. intention to live in a property, but they did it once and gave reasonably accurate info on other things.

Anonymous said...

Imagine, Steph, Casey on a romantic date with G:

Casey: Gi'dliketodoyounow,ok,kissmehereinbetweenmyslightlypartedllips&runnyourfingersthroughmydingyhair,ok,iloveyou,ireallydo,yes,ido,godthisisboringyoumindturningover?

notme said...

"but I think sometimes he really is nothing more than a goddamm idiot"

I tend to agree. I've seen some folks say that Casey is smarter than he lets on. Well, how smart is it to go to every form of media in existence (web, television, newspapers) and detail the frauds one has committed? It seems to me that rule one of the Intelligent Fraudster would be to keep one's mouth shut.

Internet Judge for Haters of 'Haters' said...

He's done folks. If that little piece doesn't mobilize more hatred for the kid, I don't know what will.

Think about it, he admits, NON-CHALANTLY I will say, that he took liar loans and questionable cash back to a third party account ON TV! The dumbass thinks it will help him when in fact it will hurt him even more.

This also makes Nigel look foolish. He claims Casey has all these great things planned. This news piece is nothing in the bigger scheme. If anything it gives MORE people a chance to laugh at the loser. Nigel, if this is the best Casey can do you are a bigger pawn than I could ever have imagined. Media for Casey the bad teeth, messy haired dork with ZERO presence (can somebody tell Casey to SPEAK UP please, mumbling makes him come off dumb and what's with that STUPID gay bag?).

The end is near my friends. The loser wants all the attention for his poor whittle butt when in fact he is only helping his eventual demise from his 15 minutes.

Internet Judge for Haters of 'Haters' said...

So Eth Real, if the brokers and lenders are guilty (they are) why isn't Casey in the eyes of the TV producers. After all, NOBODY held a gun to his head and made him intentionally defraud the system the way he did.

I am not directing this comment at you, just the silly response of people who should do MORE for the public trust.

I guess since mortgage brokers are one of the reasons for this mess, what does this make Nigel?

Anonymous said...

Stephanie J:

You might want to put a watermark on future Photoshops of yours. Your Casey-in-prison one just showed up at

http://www.campidiot.com/cgi-bin/fucked/index.cgi?board=HEEKEE;action=post;num=1173372715;quote=10;title=Post+reply;start=10

which means it'll be up on whofailedtoday.com in short order, and from there, infinity and beyond.

Stephanie J. said...

Thanks Anon. :)

I'll keep that in mind. It looks like someone was honourable enough to mention that it was my creation (you?)...

I'm not really too worried about credit anyway; it's just fun throwing stuff like that together. I wish I hadn't been all sleepy, 'cause I see how badly the light and colours need to be adjusted.

I'm especially proud of the tattoo tho.

Anonymous said...

Wow! Jeep driving shit unibomber cabin Stef, you are REALLY hot stuff!