1. REALTORS® subscribe to a strict Code of Ethics—a set of obligations that often go above those mandated by law.2. As members of the CALIFORNIA ASSOCIATION OF REALTORS®, California REALTORS® have access to confidential legal counsel, innovative marketing tools, and an extensive repository of market data.
3. Among the top skills REALTORS® bring to the table is the ability to negotiate a favorable price.
The rest at:
Your Piece of Kalifornia
114 comments:
word fizzirst on da strengf of da du-rag!
Anon are you related to DA Clown?
F&M!
I can't wait to see the door completely close on Realtors® as we currently know them.
but really casey wants to be a referral site for passive income from the foreclosure sharks!
******
Eylonda and Tyrone Wynn of Dallas thought their prayers had been answered when two young women from Resolutions Foreclosure & Home Mortgages knocked on the door in December 2005.
The Wynns paid Resolutions $950 to negotiate a repayment plan and in January 2006, Resolutions told the Wynns the lender had agreed. But a month later, after they still hadn't received any paperwork, they found out their house was to be auctioned that day and their file at Resolutions had been closed. They were forced out of the house in March, four years after buying it.
"They were there to help us out of foreclosure, but we lost the first house we bought instead," Wynn said.
A Resolutions official blames the Wynns for not following through on their efforts. But the couple's experience highlights one of the risks for homeowners who find themselves desperately trying to avoid foreclosure: You may simply wind up losing more money.
As the number of foreclosures rise around the country, the number of companies offering help is increasing, too. Many are negotiating terms the homeowner could fairly easily obtain on their own, while others are doing even less and simply exploiting vulnerable homeowners.
Experts recommend that homeowners screen offers carefully, and take the following precautions:
Don't pay upfront fees to any person or organization promising help.
Don't sign anything without having an independent lawyer review it.
http://www.msnbc.msn.com/id/18158015/from/RS.3/
word to the mudda!!
I am a "foreclosure shark." I won't deal with any intermediaries or pay referals, birdogging or finders fees. A Realtor® in service of the bank if I have to but at that point any agent costs are buried or negligible.
What special anything can anyone competent, nevermind dandelion, bring to the table this time? It ain't 1990. Everybody has internet, everybody is disintermediating, everybody has an interest in transparency. I'll be buying from the bank, at the end of a fiscal quarter with a safe and simple transaction. I'll have done more due diligence than their staff because I'm buying one and they are selling hundreds.
homes dot ebay dot com.
houses dot yahoo dot com.
foreclosures dot zillow dot com.
taxliens dot county dot state dot gov.
Yeah, there might even be a few juicy tax lien fruits this time. Probably not Kalifornia but Florida and Arizona for instance. 'Scourse in Kalifornia recent overpurchases accumulating 1% per annum on an outrageous basis could make for a few cases where even the primary noteholder isn't interested. We live at the cusp of interesting times.
foreclosures dot zillow dot com
Actually, this URL doesn't work -- but I do have a question. Is there a national site to find current foreclosures, without having to pay a fee? Does Zillow have this capability?
The site I'm most familiar with is F.F.S.... I signed up once for a 7-day free trial with my credit card, and then just cancelled before the trial ended. Is there another related site to skip this nonsense? Just wondering... :-\
Yahoo recently set up something forclosure focused but I do not have th exact URL. I'd head over to their regular RE section and do a bit of looking.
uh
It appears someone bought the ad on casey's page. Getting a "gathering data" now on the banner
Firefox's Adblock Plus for the win!
I only get a "YOUR AD HERE" GIF. Snowflake's tech skillz FTW!
REALTORS® subscribe to a strict Code of Ethics—a set of obligations that often go above those mandated by law.
2. As members of the CALIFORNIA ASSOCIATION OF REALTORS®, California REALTORS® have access to confidential legal counsel, innovative marketing tools, and an extensive repository of market data.
3. Among the top skills REALTORS® bring to the table is the ability to negotiate a favorable price.
Bull god d@mn mother effing sh!t.
I work in the RE industry and the majority or realtors are the absolut scum of the earth.
Benoit, it's not national, but I use Property Shark for NY Foreclosures. Most of 'em suckass right now, but The Shark is "The Shit".
Anonymous wrote: I work in the RE industry and the majority or realtors are the absolut scum of the earth.
Absolut Scum? My god, that phrase just begs for a photoshopping of an Absolut Ad with a picture of Casey. :-)
@ Rob-Dawg
Would you mind explaining the 'juicy tax lien fruits'? I don't understand that.
Also - as I'm uneducated on this type of thing - if I go to a foreclosure auction and purchase a house, am I responsible for all liens on that house in addition to my bid? Is the cheapest way to buy a real estate owned property not an auction because that one has no liens on it? I barely know what I'm asking so if I'm way off, please correct me.
Thanks - Jerry
There are two kinds of "juicy tax lien fruits." Municipalities don't care care who pays as long as the property taxes are paid. Sometimes you can pay the taxes and if necessary, keep the taxes current and eventually get paid some pretty good interest when the property is sold/brought current. Then there is paying the taxes and being first in line. Tax liens are number one in the hierarchy. Even the primary mortgage holder is behind you. If the primary walks away it is yours right then. If the mortgage holder protects its position you get paid right then.
This varies in details a million different ways but that's the general idea.
GENTLEMEN,
Mr. SERIN has not yet informed us of the "bad news on the CashCall situation." Perhaps he had to deal with this?
I remain,
M. SINGH
Nigel Swaby isn't fit to carry my bag!
Among the top skills REALTORS® bring to the table is the ability to negotiate a favorable price.
Favorable????....for who? Every relitter I know is interested in negotiating the highest price so they get the highest possible commission. Screw the rhetoric....that's real life.
On another note. I close on a house in about a week. When we did the official inspection, one of the features listed on the MLS was not there. Long story short, the listing agent sends an apology with the offer to pay me for the feature outside of closing and a repeated desire to "keep the whole thing quite". As far am I'm concerned, it's probably an honest mistake in the listing. Why not just own up to the mistake and move forward? Why so much concern with nobody finding out they made a mistake.
An interesting situation.....
"...the offer to pay me for the feature outside of closing"
And the promise to pay the tax differential every year thereafter?
Why does Nigel enjoy applying guilt by association? I read his crap post and in it he assumes that we all suck because some anonymous posters on Casey's blog made fun of that guy with all the kids.
Nigel, you get all worked up when the anonymous haters lump you in with Casey's admitted fraud YET you turn around and start labelling anybody who questions Casey as automatically worthless and then throw any of us in with the hardcore haters. You need to know there are shades of gray in life.
YOU SIR, are a hypocrite.
- A realist (to use one of your fake IAFF posts).
I'd say the only thing that we (REALTORS) bring to the table, that is not available to the general public, is the extensive repository of market data. Please do not confuse the public's ability to track down all of that info, piece by piece, with a REALTOR being able to do it in minutes.
This is not being said to defend REALTORS, as I would tend to agree with most of the observations made throughout this thread. For example, it's sad that an 18 year old, without graduating from high school, could pass the CAR licensing test with a 70% score and within a month, be representing someone in the biggest financial transaction of their life. Yet somewhere in the COE is a line about REALTORS being professional. Yeah right.
I'd say the only thing that we (REALTORS) bring to the table, that is not available to the general public, is the extensive repository of market data.
That explains why it takes an act of God to get direct access to MLS data.
Dawg....I didn't say I agreed to the agent's offer....just what they OFFERED. My silence is expensive ;)
Nigel,
Haven't seen you around in a while. Let's get together and check out the Salt Lake VIP scene just like the old days. I'll bring my pins! I miss you.
Ogg, it's not an act of God you need. Just 6%.
Seriously, why should the public have free access to that information?
@Sac RE Agent 4:53
Repeat after me - Paradigm Change.
Sit in your throne on the beach after lobbying the legislature to stop the tide. Get wet.
Plan on charging by the hour for professional services. Be professional.
Sac,
I don't believe anyone ever suggested the MLS have FREE access. However, the current 6% green fee is WAY overpriced.
Why not sell subscriptions to anyone who wants access. You could have two levels....those who can enter/edit info and one that's read only.
I'd like to see jelly belly balding Nigel MAKE me drink a big glass of STFU. I'd have his head up his ass so fast Casey won't be able to vacate the premesis.
I'll smack that shit eating grin off his face so hard that they will have to peel his mouth from the wall.
Ummm...actually never mind, I forgot about Nigey's super secret agent accountant friend whom "I wouldn't want to meet in a dark alley".
Peace Nigey, you piece of shit you...
I visited Nigel's SLC site. I read his latest bogus economic report and saw there were three comments. Two from a smart poster named Scott and one from a Robert. The Scott posts were intelligent and make some strong cases for what every economist KNOWS is going to be the fallout from this subprime housing mess we are in. Robert takes a select quote and makes a Nigel-like argument where I was surprised he didn't say the sun was made of cheese or something absurd like that. I swear if I didn't know better, Nigel has two log in accounts and sometimes forgets to change back to "Nigel." Who else wants to bet that Robert is Nigel?
@RBoy,
Here's some info on RESCOM and snowflake. Looks like he was involved in another scam. What a surprise.
http://www.ripoffreport.com/reports/ripoff187947.htm
"Also Casey Serin, the guy who got hired the same time that I did knows that the FOOLINGS had this aabie caabie inspections thing going before I was ever hired."
The exclusivity of historical MLS data is the only thing keeping a lot of RE agents employed. And they know it. While a subscriber model like you are suggesting makes sense and would be equitable, the biggest losers would be RE agents. Also, its possible that controlling the data allows them to manipulate the market (just speculation on my part).
But real estate agents are probably headed the way of travel and insurance agents, at least for buyers (sellers can still used an experienced salesman and marketer). There's still a place for some, particularly on the high end or for people completely new to an area. But over the next decade or so, I suspect that we'll see a reduction in their ranks.
walt,
Xcellent points
bubbles,
your good
SacRealtor,
I think you're way off base on this one. I own a RE company in NJ, and information on anything & everything is pretty much ubiquitous here. Because that info is so easy to get, it's worthless. Buyers and sellers both get info from the easiest, fastest sources available. If Realtors attempt to mete out info with an eyedropper in return for loyalty, it's "sayonara, customer".
Consumers call the shots in the RE transaction now. That means a Realtor must add value- some way, somehow- to the transaction, or the consumer will either rely on his own wits or work with the limited-skills agent who functions as no more than a clerk. For a Realtor to survive in the current environment, that means some real (not candy-ass, "have a nice day", self-aggrandizing-type horseshit) marketing chops and financial acumen must be brought to bear.
And there's the rub. My take is that about 98-99% of all Realtors only posess clerking-level skills. The fact that a beautician's license is harder to obtain than an RE license has everything to do with this sad state of affairs. One of the hidden benefits of the current market decline is that giant tranches of skill-starved, low-functioning agents will be blown out of the business forever. Once the national membership of NAR drops under 1,000,000, the quality of skill offered to the public will rise in inverse proportion.
Hopefully, once we've thinned the agent ranks, both the industry and the public will join in the demand for "single licensing" at the state level. In a nutshell, single licensing eliminates the Salesperson level of license and requires all practitioners hold a Broker license (which is a much more rigorous classroom and testing regimen). In the states that have adopted single licensing- the best example being Colorado- RE has become much more of a professional pursuit and the public is much better served...simply by the ranks being thinned of charlatans and hucksters.
Re MLS data:
I happen to be a software publisher. Over the last 20 or so years, we have monetized our intellectual property by selling a package or module. At some point in the future we will probably join the Open Source movement and monetize our experience by charging an hourly rate to modify/expand/reinterpret/debug the code, AKA Intellectual Property.
In a parallel example, the MLS intellectual property... Huh?
Never Mind..
dude,
rescom is some whack stuff
Snowflake's latest comment to his last post on IAFF mentions that he had to go downtown for "urgent biz" today. Ten bucks says the biz in question involves grovelling to CashCall. *eyeroll*
"Also Casey Serin, the guy who got hired the same time that I did knows that the FOOLINGS had this aabie caabie inspections thing going before I was ever hired. The old secretary Amber Brame and Donna Mangurian will also testify to the same!! But I own aabie EVIL EVIL TOM!!"
Nothing I could add would make this funnier and more confounding than it currently is.
Thanks, Stanley.
A few more thoughts... I'm not trying to say that all real estate agents are worthless or bad people or anything. Rather, that I don't think that what they contribute (especially for most buyers) is worth 3%. And that reality is slowly taking hold in the marketplace. For example, Ziprealty.com offers a 20% rebate (basically acknowledging that the value of its service is only worth 2.4% rather than a full 3.0%).
Second, I think that when examining real estate agent's compensation, its worth noting the divergence between property value and median income that has occurred throughout much of the country. Historically, median home value has only been 3.5x that of median household income. In the early part of this decade, that ratio got skewed. In some places, median home values exceeded 6-8x the median household income. As a result, real estate agent's compensation per sale increased at a much faster rate than the broader economy. In part, these gains were mitigated by a flood a new (and many less qualified) real estate agents; however, the NAR claims that about 80% of sales is done by 20% of agents, which if true indicates that established RE agents' real incomes improved dramatically as a result of the latest real estate boom (hardly a novel proposition).
To illustrate this effect, let's look at Sacramento County (got data from US Census report at http://tinyurl.com/2udkwb). In 2000, median household income was about $44k and median home price was about $144k (3.27x median household income). So an agent getting 3% on a sale would get about $4.5k commission on an average home sale. In 2005, median income is about $52k, but median home price is now around $365k (7x median household income). The real estate agent is now making $11k on the sale. In short, median household incomes for the general population increase (nominally) 18% from 2000 to 2005, while the commission earned by a real estate agent for a median home has increased 144% (nominally). That, my friends, represents a market inefficiency that free market forces will almost certainly correct in the coming years, IMHO.
http://www.freakonomics.com/times0305col.php
(I had a much rantier reply to Sac Realtor, which included references to being replaced by a script written by a pimply-faced 19 year old who just read PHP for Complete Drooling Fuckwits, but Blogger ate it.)
downtown? downtown?
I can only hope.
Usual Suspects:
1) Taxes
2) Cashcall
3) Court (the traffic ticket?) or other?
4) A talking to by someone.
who spammed his blog with literary quotes?
Interesting read. I'm reluctant to take "average home sales" at face value, though. My understanding is that a lot of real estate agents who registered with the NAR during the boom never actually recorded a sale. And a large number only recorded one or two sales before moving on. The publicly accessible data doesn't really allow for it, but I would be willing to bet that if you could separate established agents (say, those with over 5 years of consecutive membership in NAR or 5 completed sales within the past 12 months) from those who didn't really do much, you'd see a dramatic stratification. I doubt very much that many agents made 3 sales a year; rather, there were two distinct clusters of those making 0-1 sales and those making over 10 sales during the boom years. Obviously the higher concentration will be those making 0-1 sales
The situation is somewhat similar to "actors." In New York and LA (especially in LA) every waitress, bellhop, etc is an "aspiring actor." The most that they'll ever do is by a standby extra earning $100/day (and probably missing the real job, where they could have earned more than that). If you found the mean to everyone who either holds or applied for a SAG card in any given year, you might see an average salary of $50k or whatever. In reality, there are 1,000 kids making $2k a year doing bit parts for every 1 mega-star who is earning 7 or 8 figures. And if you monitored the low-end earners, you'd probably see consistent or growing numbers, but very high turnover.
Couldn't agree with you guys more about a paradigm shift taking place. How fast is it going to happen? I don't know, but I do know it's not overnight. Buyers and sellers will decide.
Walter, you make some very good points about the increasing value of homes over the past 5/6 years and how that relates to increased commissions. I've got no disagreement with what you're saying. But if someone wishes to pay me a huge chunk of money to assist them with their real estate needs, why should I not sign a contract for that? How is this any different than being charged different rates by doctors or lawyers? All that being said, I've taken many deals with under a 2% commission. I understand I get paid quite well for what I do. But I'm not stupid enough to turn away a payday that will pay a little less.
Clotpoll, I'm honestly don't see how you can say that everything is pretty much ubiquitous. If so, many more people would understand and know that 6% is no longer 'the standard' commission charged. Here in Sac County it's just over 5%. Please don't tell me that someone can go to Zillow and get the value of their home. If they're looking for an incorrect value, they sure can. Right now Zillow has my own home overvalued by $30,000. As you well know, trying to tell someone that their home is overpriced by $25,000 or $30,000 and getting them to take the steps necessary to sell it, is pretty difficult.
I too agree that the reduction in the Realtor ranks can only be a good thing. I dont' mete out info with an eyedropper myself, but I do believe that has cost me some business. But I also believe that's just a part of the business.
Not sure if 98-99% posess only clerking-level skills but there are way too many that do.
@ R-Boy
Wasn't his ticket in Placer County, though? I can't think of any reason why he would have to go to downtown Sacramento to deal with that.
He wouldn't voluntarily go to see CashCall, I don't think. And when their legal department finally acts on his inevitably delinquent account this summer, they'll just go see him for maximum psychological effect, not ask him to come down to their office (at least I don't think).
He's not one to worry about taxes at this point. It will be a few more months before the IRS goes after him for any oversights or whatever.
So I'm thinking that its either a meeting with the Sacramento County DA or a media appearance on a local news station. I'm thinking the latter, because I don't think that he'd be forthcoming at all if it had anything to do with legal consequences. So my bet is that he spent his afternoon taping an interview with someone like Eddie Lambert or Dana Howard. Print media or a radio station would have conducted the interview by phone.
walt,
A conversation is breaking out.....
I agree RE agents do provide a valuable service, but at what price? $25k to sell a $500k house?...hardly
I'm preparing a blog topic on this and my point is we pay attorneys by the hour, CPA's by the hour; so why should be pay a RE agent a percent? All the online services would not have sprung up unless they saw an industry ripe for the pickin'. Travel agents poo poo'ed the idea of consumers booking online....see what it got them! The more information the consumer has, the better decisions he can make. The more homework he does, the less work the agent has to do.....and less he should make on the deal.
Economics will drive this train and either the industry gets onboard or gets run over.
Look at the attitude the music industry took when mp3 became a reality. THEY would decide when, how, and how much consumers would pay for music.....and lost BILLIONS...and will continue to lose BILLIONS. Hopefully, the movie industry was paying attention and will come up with a reasonable plan for downloading. The only thing buying them time is file size and slow broadband.
Oooh yeah, taxes. It's that day, isn't it? Betcha he didn't file, or if he did his return shows no income since he quit his looser W2 cubicle job.
Ogg scratch good link on cave wall. Cave wall have good information.
Stanley pleased with Ogg
I agree. Why is Casey's toilet on fire?
http://www.flickr.com/photos/sercasey/460459590/
Casey got his taxes done on time? Yeah right.
lou minatti @ 7:58 PM:
It's not a toilet, it's a sweet deal conjurer. You're seeing the reflection of all the golden opportunities that are coming any time now.
BTW, "Walter" = walt526; I usually don't use my Blogger display name because "walt526" is what I used on IAFF and Ben's blog (note that "walt" on IAFF is not me, though).
@ Stanley
"I'm preparing a blog topic on this and my point is we pay attorneys by the hour, CPA's by the hour; so why should be pay a RE agent a percent?"
I follow your logic; however, I'm not sure if your assumptions are completely accurate. While many attorneys bill by the hour, its an standard industry practice to take some types of cases on a contingency basis. For example, most personal injury claims are taken on a contingency (for a lot more than 3% of the any settlement or judgment). This arrangement benefits the client because it limits their exposure to litigation fees that otherwise might prove to discourage even well-merited claims from being filed. At the same time, when the lawyer accepts a case, there is no guarantee of the outcome. When he takes a case on a contingency basis, there is a chance that he will not receive any compensation for the hours that he puts into filing a complaint, discovery, writing motions, etc.
In the same way, when a real estate agent secures either a listing agreement or buyer agency agreement. A real estate agent might very well put considerable time, effort, and other resources into a client only to see the contract expire before a purchase agreement is reached (sometimes through no fault of his own). In short, real estate agents take on their clients on a contingency basis (they only make money if a deal, any deal, is reached) and have no guarantee of receiving any compensation for their efforts.
Which is why the best agents don't take every listing or prospective buyer who knocks on their door. If a seller is determined to price their house 30% above-market, there's not much that even the world's best agent can do to make it sell in a normal market. And if a buyer will only make offers of 70% under-market, in a normal market a deal will not be reached.
So I do sympathize with real estate agent, particularly the established, hard-working ones (which do exist). Unfortunately, IMHO many members of the NAR do possess very little skill or experience to warrant a full 3% commission on the sale of a home.
Also, things are going to continue to ugly on the job front, it is a shame that so many real estate agents and mortgage brokers are in danger of losing their jobs as the result of jackasses like Casey Serin. They are not all as bad as Nigel. Some (especially those who have been in the industry for a while) do provide tangible value to their clients, have strong professional ethics, and are hard-working. But just like the tech boom attracted a lot of lazy and worthless "programmers" and "web designers," in the process of sweeping a lot of the deadwood away, a lot of people who deserve better are going to suffer economic hardship. And that's a real shame.
Caseu mentioned a while ago that he'd be filing for an extension on his taxes -- ten-to-one he procrastinated on doing so until the very last minute.
@Walt.
I can see where you could make a case for charging realtors by the hour like lawyers. But you need to realize there's a little more too it than just printing off a few MLS pages. Good realtors incur all sorts of others fees. I have one friend that spent almost 30K on advertising for his flake of a client and that person ended up walking. When I am looking with my realtors I demand 100% of their time which can include 12 hour days (in their car) meaning they aren't working other deals concurrently.
The deals they lose when working with me work out because they know I am a serious buyer.
On the other hand, lots of good realtors end up with flaky clients who want to see 30 - 50 houses and end up not purchasing at all as they "wait for the market to turn." I think that hourly charge you suggest would only work if there was a paradigm shift in how the average joe conducts himself when dealing with agents.
I do admit I am happy to see agents working again. A lot did get complacent and did not serve their clients well during the boom. One good thing about busts, it clears out the looser agents.
Dawg,
I gotta feeling Snowflake is getting ready for another Beg-a-thon.
If we can come up with a good list of "will do XXX for money", I'll pony up the bucks.....
What about a topic and encourage all Haterz(tm) to post requests. From there, cull it down to the top ten....
Walt,
Of course, contingency cases are much different....but so is the "normal" world of real estate. NOW, agents have to actually work to sell a house, will be more selective in their listings, and will have to manage risks.
For a PI attorney, the risks AND costs are much, much higher than any freakin' "two week wonder" agent. So....their extra cost is another hundred flyers...LOL
All in all...things will change whether the NAR wants it to or not.
KC had to go downtown to find out the results of the paternity test...
No, let's not support another beg-a-thon. He *needs* to hit bottom, hard, for reality to finally sink in.
And have we all forgotten so soon that just a few days after the last one he pulled $4000 of corporate cash out of his ass? Or that he claimed to have "funding" in place for his book?
Hell no. No more bailouts.
@R-Boy: who spammed his blog with literary quotes?
Oh, someone with tech skills to spare and too much time on their hands. :)
Why is Casey's toilet on fire?
We all saw Pulp Fiction, right? Same deal.
(FWIW, one enduring theory on Pulp Fiction's glowing briefcase is that it contains Marsellus Wallace's soul. Sweet. A glowing toilet? I can think of no more apt location for Casey's soul.)
No more money for tricks.
I offered him $ for 3 tricks - fortunately for me he ignored one, tried to negotiate one higher, and reneged on the only one he accepted (and so no $ of course).
I would have felt pretty stupid had I given him $.
Walt,
I am sure glad I do not have to pay my realtor by the hour. He has been great so far.
Because we have had a tenant issue, he was stalking the house each day and sure enough the tenant moved out without telling us. He will be meeting with the locksmith tomorrow morning and hire a cleaning crew for us. Of course, out of my pocket. But he is handling the matter in such a way that I never have to set foot in that state.
By the way, I had to "interview" three realtors over the phone before I found one whose personality meshed with mine. One woman was so cocky, she bascially wanted to list the house at a crazy low price so it would sell within a month. It was silly. I read the Freakonomics book.
He did send me a contract for 7% and 180 days long. But I read contracts and we quickly changed the terms to 6% and 90 days.
Realtors will always be needed for out of state sales. Also, when you move to a new area it helps to have someone familiar with the neighborhoods.
"Today is not over,"
That sounds like someone with some fight in them. And you and I both know Casey only grows balls and fights when somebody starts to get into his wallet or his mind. We've seen Casey in control mode. It is interesting that it comes out at all. But good for you Cashcall!
-He's obviously royally pissed.
-He's obviously going to write about it after I go to bed. DRAG!
I'll probably be the 'first' to post my take in the am - i.e. 3-4 am west coast time.
I'm an agent, and concur with the pay structure dilemma.
Recent example: The seller and I didn't see eye to eye on the pricing, and renting the property was an option for him.
I didn't want to spin my wheels for 2-3 months for nothing, and offered to be paid $1,000 per month, instead of by commission (he was a great past client).
But he wouldn't go for it - he had the money, he didn't want to take the risk.
I got it closed in 2 months, and it cost him an extra $8,800.
When the consumers are ready to pay by the hour, I'm ready and standing by.
Jim the Realtor
I just read what that CashcAll aggro was all about - turns out he kinda forgot to sign and return the renegotiated contract !
Ye gods ! Worse, he thinks that the money he paid them already is kinda wasted - err - dude, you OWE them that money and the sooner you pay it the less interest it accumulates...
He's totally beyond hope isn't he ?
From IAFF:
"Well, CashCall then sent me a contract that I was supposed to sign and return within 48 hours or the deal is off. I didn’t remember hearing anything about the 48 hour time frame. I did get the contract but I delayed sending it because we went out of town that Sunday for a week. After I come back I kind of forgot about the contract."
That's Our Casey! Superbusinessman!
This is the first I've heard of Casey and G. having left town for a week. What did they do, go on vacation? No wonder KC needs outside moderators...
@sk
Yes, absolutely...
"mostly" his fault - LOL! who else does he think shares the blame?
what do you want to buy at the new dancing monkey show?
Bubba is not gonna like it when he finds out his lower bunk buddy has no knees.
CashCall
This really sucks. Here is why. I worked hard “dancing around like a monkey” all night long and raised $378 from donations and sent in the payment to CashCall to get my 2 month extension on payments.
Well, CashCall then sent me a contract that I was supposed to sign and return within 48 hours or the deal is off. I didn’t remember hearing anything about the 48 hour time frame. I did get the contract but I delayed sending it because we went out of town that Sunday for a week. After I come back I kind of forgot about the contract. Then I get a call from CashCall a couple of days again and they want their money.
I was surprised so I told them I have a deal. They check the notes and they said the deal is off since I never returned the paperwork. I explained the situation but they were unwilling to honor the original deal. They said if I make another payment they can check with the work-out department to see if they would be willing to give me that deal again but there are no guarantees the second time around. I asked to talk to another rep to see if we can work something out. But the response I’ve been getting is that I will have to make another payment now bofore proceeding.
So basically that $220 (plus Money Gram fees) I sent was kind of a waste because it didn’t accomplish anything. I’m still behind and they are going to send it to legal any day now.
It’s probably mostly my fault because I should have read that contract right away to see if there are any timeframes. My weakness in the area of logistics is getting me in trouble again.
Sorry, forgot to add: that's a cut and paste from IAFF.
Isn't the deadline for filing an extension April 16th? I know it is in some states, not sure about CA though.
I never thought this would happen, but I'm starting to have some sympathy for consumer credit companies that use very aggressive collection tactics.
Casey's not scared of Wells Fargo (or his other creditors), so they can pound sand. The only creditor Casey cares about mollifying is CashCall, because they scare him.
I think that if Casey has another Dancing Monkey Show, we pledge generously, and then we all announce that we have sent the money to Wells F. to pay down his debt. After all, he wants to repay every dirty penny, doesn't he?...
GENTLEMEN,
I am intrigued by one of Mr. SERIN's recent comments concerning a "work-out department."
They said if I make another payment they can check with the work-out department to see if they would be willing to give me that deal again but there are no guarantees the second time around.
Perhaps other sub-prime lenders should follow CashCall's commitment to employee health and well-being by establishing "work-out departments" of their own. Physical training is one method of relieving stress -- especially that caused by rapidly defaulting borrowers.
I remain,
M. SINGH
"Isn't the deadline for filing an extension April 16th? I know it is in some states, not sure about CA though."
No. April 15 fell on a Sunday and April 16 was Emancipation Day. In 2005 Washington DC decided to make April 16 a city holiday to celebtrate the anniversary of Lincoln signing the Emancipation Proclamation.
My favorite comment on IAFF:
"CASEY, DON’T BE A SISSY, DON’T PLAY THE BLUEBALL,
BE A MAN AND JOIN THE ARMY AND JUST DO IT!
IT’S AT LEAST YOU CAN DO IT RIGHT BY JOIN THE ARMY
SWEET~"
Can you just picture Casey in the Army....carrying a loaded weapon....in Iraq!
I didn't think he could get any more "Casey" until I read the latest post.....he is amazing. The problem now is I'm laughing so hard I can't get to sleep.....
I smell a Beg-A-Thon or, as he puts it, a Dancing Around Like A Monkey-A-Thon
Forgot to add:
http://www.irs.gov/newsroom/article/0,,id=167194,00.html
The April 17 deadline was for the entire country, BTW. However, no one in Washington figured out this minor calendar calculation until the first batch of tax forms had been printed and mailed.
If I had a Chat With Casey, my message would be simple: He needs to denounce credit. Just swear it off completely. That's the only way he'd start to understand his stated goal of entrepeneurship. Necessity, invention's mom. Anyway, I'm boggling a little on this:
"That $4,000 I pulled out is not my own. It belongs to the corporation."
Ok, why did his corporation establish $4k in debt? It could have established $4k in credit, fine. But it established $4k in debt. And I'm afraid I know why: To pay back the "seed money" that let him apply for $4k in credit? So some "outside investor" just conned him out of $4k? Am I on the right track?
CA has an automatic extension until Oct. 17th, you don't need to fill out a form before then - but you still have to pay *today* to avoid penalties and interest. Extensions won't help Snowflake because he doesn't have the cash to pay the IRS or the Franchise Tax Board, *if* he's filing honest returns. He probably doesn't have enough income from his sporadic paychecks this year to owe anyway, and god knows he probably knows a shady CPA who will tweak his returns. I dated a girl in Oakland who knew a guy who would get you a huge refund for a percentage. Scary stuff, but the $3000 refund was too much for her to resist. Someday, if she gets audited...shiver...
It boggles my mind that the little creep actually thinks he's going to "wholesale" anything, when he can't read a single fucking contract he signs. "Logistics" my ass, Casey, you are undoubtely the most lazy and worthless human being I have ever encountered (who was'nt on smack or meth or crack).
Would you want the shithead buying your apartment building? He needs to be declared incompetent by a judge and unable to sign any more contracts of any kind! I KNOW this happens, I can only hope it happens someday to the little fucker.
But knowing shithead, he'll just force Galina to sign, or forge her name.
I sign contracts all the time, and I read them. That's a game people like to play, slipping things in to see if you catch them, or omitting things for the same reason. I can't imagine under any circumstances signing anything financial, especially for pseudo loan sharks like Cash Call, without reading every word!
But then, I even read everything - lease, debit card, cell phone contract, everything I put my name on. It's one of the things my father taught me - if your name goes on it, you read it - and if they try to rush you or not let you, walk out.
But then, it's common sense, something the little creep seems to have been given none of - and a lot of people these days are just as bad.
Enough ranting for today. I just paid my taxes (not too bad this year, and actual refund from the state) and watching that shithead flaunt the system pisses me off.
@ Anon 12:01am
I strongly suspect that something along those lines is what occurred.
Casey's financial problems all stem from one simple misconception about the world: credit is not the same thing income.
Until he recognizes (if he ever does) that a $5k available balance on a line of credit is not the same thing as having $5k in a demand deposit he's going to continue to fail horribly at any venture.
Fortunately, he's running out of ways to obtain credit. He can play around with the "corporate credit" thing for the time being, but he's going to find it harder to repeat. Particularly if he's allocating a significant portion of his available credit to cover the costs of buying the subsequent company.
He's in for a rude awakening when the corporate veil falls away during his debt review. By continuing to pursue these stupid half-baked scams, he's pretty much pissed away any sympathy that someone might have for him.
The little turd pulled this months stayin alive money out of the CORPORATION! There's a lawyer out there that is gonna have some 'splaining to do.
I cant believe I just wrote checks for a new Lexus and Toyota to the Feds and Ca respectively so that he can keep scammin'.
I'm PISSED and this is what I posted at snowflake's site:
So Casey, let me get this right:
On March 30 you announce you have $40 to your name and cashcall needs a payment by noon on Saturday or they send your account to "legal."
This announcement, of course, comes just a few hours after you say you and your wife have been working hard on your "consulting business" - even staying up all night to burn CDs.
It was asked "why you couldn't use the $$ from your consulting job" and you reply that you are 2 months behind on your rent and the $$ from the consulting job will be going towards your rent.
So, we have the Casey-a-thon where you not only raised what you needed for CashCall, but over $100 more, plus the added $250 from your interview with T.
So here we are - 18 days later - and you tell us that that Sunday (April 1) you went out of town for a week.
As we all know, that was the week of your third wedding anniversary.
GREAT - so you took the haterz $350 above what you needed for cashcall and go out of town?????
You are a peice of work. Unbelievable.
So, now we all want to know - where did you go? What did you do? How did you pay for this little trip?
Oh, another big question = when did you get the contract/letter from cashcall? Could it be the letter/contract was in your mail that went unopened until yesterday?
Was this another trip to Hawaii - a little surprise for you and your wife after working so hard the previous week???
If no one has said it in this thread, I'll say it:
GET A JOB.
walt said: "Casey's financial problems all stem from one simple misconception about the world:"
.....he's a fuckwit.
GENTLEMEN,
I am surprised that Mr. SERIN did not file his taxes earlier. If he had, he could have written how he was the proud recipient of a "refund anticipation loan." Imagine the comments he would receive!
I am not surprised at his recent furniture purchases, given his recent ridiculous endeavors. What puzzles me is how he intends to fit these cabinets into the already cramped living quarters that his sister-in-law has allocated for him.
I assume that Mr. SERIN has been told to find new living arrangements, and to that end, he should not be obtaining items that would prove themselves too difficult to move. The fact that he is purchasing bulky furniture may mean that he intends to stay longer than his sister-in-law expected.
I hope, for her sake, that she does not let Mr. SERIN encroach upon any more of her home than he is entitled. Otherwise, she may come home one evening and find that she is the proud recipient of a garage conversion.
I remain,
M. SINGH
Let me get this straight. Casey asks us to forgive him for wasting the money that certain Realists had sent to him for questions he never quite fully answered. THEN he pays Cashcall a few hours later than the lady told him he could. BUT, he knew they had sent a contract that needed to be signed. He is now telling us that a trip was more important than signing the contract that insures he gets a much needed extension with Cash Call. He tells us that his lack of follow through is to blame here. Okay.
THEN he tells us his taxes are being extended 6 months because neither he nor G have the werewithal or motivation to organize and fill out the paperwork required by law?
Check.
I go back and see he is baiting "haters" for the last few weeks and arguing his comeback is going to be successful and we will all eat our words. He also tells us he is deleting the negative comments from realists because it's scaring away supposed business.
Right.
The conclusion to all of this seems to be Casey will ever have a comeback (how is this a comeback when he never was successful to begin with?) not as long as he cannot follow through on anything. How is he getting all these supposed partners when he can't do simple paperwork? I owned a business and I can tell you that nobody works with you if there isn't any proof of success! I hear what Nigel and some of these cheerleaders are saying but this kind of thing only reinforces what all of us are saying about CS.
Casey is an incompetent child playing businessman, plain and simple. He's no investor as that implies he's made more than he's lost. He's a gambler and a used car sales man. He enjoys playing the game and talking the talk to come off as important. He's essentially Al Bundy where he's always talking about something and never doing. Yes, he might have scored 4 touchdowns in one game but what has significant positive even has happened since?
Either this is the ultimate troll post or Casey truly isn't as smart as Nigel says he is. We will see I guess. I wish that Nigel and others would stop supporting this lazy bum and see him for what he really is. Why do they defend him so much?
@ Klaus
Either this is the ultimate troll post ...
What? Casey trolling?
"...or Casey truly isn't as smart as Nigel says he is...
What? Nigel be wrong about something?
Actually I think its both.
Well, this definitely proves that Galina wasn't cut out to be a CPA. She can't even file taxes for a year where they had no income. Galina, you get an F-.
Shout out to 203. Bob Cratchit.
Nice one.
Messrs. KLAUS and HOBBES,
Either Mr. SERIN wrote the "ultimate troll post" last night, or he is falling under the spell of Exurban Nation more than he would like to admit.
Isn't it ironic that he purchases furniture from IKEA a mere three days after the "Snowflake's Bunker" illustration was posted here?
I remain,
M. SINGH
"It’s probably mostly my fault because I should have read that contract"
(bangs head on floor)
Jumpin' Jesus on a pogo stick, WHEN will this boy LEARN?
Classic Casey. There is some obvious trolling in there (IKEA furniture?), but all in all, one for the ages. I won't be posting there since he's going to be editing out "all the hate" and I want to see how his traffic is affected. I've read it, I'm done. EN will do the rest.
Only if he has another "Dance Monkey, Dance!" Moment will I glue myself to IAFF. Sounds like we may be getting close.
Now I know from being in the real world a while, that if you have a deal hinging on a contract, particularly one that's going to pull your ass out of a fire, you sign the goddamned thing. You sit by the fax machine, you read it, and then you sign it and fax it back. Voila! Done. It's really just that simple, which explains why it was so difficult with Casey. This is not a question of "Logisitics". He doesn't need a freakin' team to tell him to quickly read and sign his contract. That's just common F-ing sense.
And then he "Went out of town...for a week"? Again, Casey is "a little short on details". Did you use your Corporate credit thingy to take a little Vay-Cay?
Now about those taxes. So far his CPA has filed for an extension. They haven't even begun yet!!! WTF?! I am not the least bit surprised. Here's how you and your Galina do it:
Get some files. Name then after your houses. Name some other ones after your RE guru education programs. Insert recepits. Take other files and name them for lenders. Insert loan documentation. Insert receipts from contractors into house files. etc etc. Break everything down, and then give the whole big thing to your accountant. What is so hard about that? Do you know how long it took my wife and I to prepare for the accountant this year? 30 minutes. But we filed stuff all year long and actually keep track of things in my world.
Just do it! It shouldn't take you more than a couple of hours. What in God's name is so complicated? You're not the one who has to do the heavy lifting here, that's why you hire an accountant. You're just putting off the inevitable, which is an insane tax bill that you can never afford (and can not run from). In fact I would not be the least bit surprised if you were audited this year. Your accountant is going to be super-conservative because you're Casey Serin. You're screwed. Screwed I tell ya!
BTW, good luck renegotiating with Cashcall. They got ya right where they want ya. You have no leverage. THey know it, you know it. Knock Knock! Who's there? Cashcall bizznatch!
If Casey had any sense of style (ha, he carries a murse) he would write a post with an accrostic message to us haterz to show that he's on to our little games.
Let the record state that, in the event he does, the idea first appeared here on EN much like the antispam words and Casey parody stuff. For being his sworn enemies, he sure does use a lot of our ideas. Casey is to "smooth" as Chef Boyardee is to italian food: boring, bland, and derivative.
Casey, admit it, we're cooler than you.
After the begathon he has enough money to buy new ikea filing cabinets AND take a week off (after all that HARD WORK staying up all night, poor baby!)
Am I missing something?
Where was it said that Casey used corp stuff to pay cashcall?
He did not answer why he went downtown. Just that he went to Ikea and talked to Cashcall.
Details, Details
Oh, and just for the record, the spamming and false positive comments is hiliarious, but it makes the comments hard to read.
Which I guess, is the point
Casey needs to change his "blueball" anti spam word to "blueballs". So far nothing has gotten through to this idiot, perhaps if Galina stops putting out she can hit him where it hurts....in his manbag (and not the one he carries over his shoulder!) This whole trainwreck has got to be hurting him hard in the bedroom.
I'm just trying to nurture the new unrepentant "screw you haterz" Casey. I'd like to see his traffic dwindle and his monkey-dance revenue stream die. He's really doing a good job with the latter on this latest post.
@ anon 5:44
Too bad that interview with T wasn't filmed. Then we could have seen if he did one of his Nightline tells when he told T that his trevails weren't affecting his manbag access to G's nappy dugout.
GENTLEMEN,
Some of you are wondering why Mr. SERIN needs to file for an extension on his income taxes, especially due to his lack of income.
Mr. SERIN would have you know that these are not ordinary tax returns. This is not a matter of determining one's level of taxable income or itemizing one's deductions. This is not about calculating one's refund or determining the amount of tax due. To Mr. SERIN, this is an opportunity to "silence the haters."
He is certainly facing an uphill battle. After all, a quick check of IRS publications shows no clear-cut form to document one's "crazy adventures." The current crop of tax preparation software falls short of his expectations as well. There is not a single package on the market that automatically provides three-dimensional pie charts showing "where all the money went." Moreover, these packages are devoid of expert system logic that would clearly and conclusively show how little he spent on "frivolous stuff, dining out, etc., etc."
However, I am sure that Mr. SERIN and the ethereal team that he has built, will be able to do the impossible and prepare these returns. These returns will impress the IRS commissioner so much, we will all be paraded to the Tax Court in chains. Then we will be forced to recant our comments towards Mr. SERIN. Finally, we will be required to drink wheat-grass shots under pain of IRS penalties.
To paraphrase Spongebob SQUAREPANTS, these will be the "best tax returns ever." We should be so afraid.
I remain,
M. SINGH
Mr. Singh,
What a welcome addition you are to EN.
Casey: too funny. If he has an accountant, why aren't the taxes done? Or did he just not get the documentation to him/her on time? (I am not quite awake yet)
M. Singh: even funnier. :)
At any rate, off to get ready for work (would you believe I have 3 meetings about a different meeting today?)
M. SINGH,
Your comments are, quite simply, of a high quality rarely encountered in real life, or on the Internet, for that matter.
Cordially,
P. VISIONARY
Hmmm.
My feeling is that Casey intentionally "forgot" to sign the contract. In other words, he gambled and lost.
Schnapps, you have to remember, Snowflake is SPECIAL, he gets to play by different rules than the rest of the country.
Everyone else is required to pay and file their taxes by the 17th, or file an extension and file later, but you still have to have paid on the 17th.
But not Snowflake!
I'd LOVE to see the look on an auditor's face when he's told "I did'nt file my taxes on time or pay them because I had to go on vacation for a week, and last year was so crazy we could'nt get off our asses to actually figure them out on time!"
I want to see the look on the judge's face (Shithead thinks he can avoid BK, lol) when he has to explain that he spent money on a vacation and not servicing his debt.
Casey has'nt learned a thing from the last year, and is more dangerous than before because of it. His new corporate creditors need to know about his antics, and any other potential creditors need to know as well. It's just more debt he has no intentions of paying *unless* he can do it by flipping houses - and then only if there's enough left over after he and Galina have spent a good chunk of it on themselves, the greedy children that they are.
Does anyone know if that's a common Eastern Eurpoean thing, to be such a rabid, ugly consumer? The two of them are like locusts when it comes to money - they get near it and it's *gone* in a blink of an eye.
Casey watches with smug satisfaction as the last of the bridges goes up in flames and crashes into the treacherous waters of the Gulf of Berddoggan. At the opposite end of the destroyed bridge, he can just make out the crowd of haterz playing drinking games, eying him through binoculars, and flipping him off.
"Screw those haterz," he mutters to himself. "They were just holding me back. Now I can reach my true potential."
As he makes his way across the barren shore of Serin Island, an inhospitable and highly volcanic speck surrounded by some of the most dangerous currents in the world, his mind wanders to thoughts of the future. His soon to be #1 foreclosure site has blown rival Yahoo out of the water. Advertisers clamor to be heard in their bid to be his sponsor for the month. His signature line of blue balls breaks earning estimates yet again.
Casey arrives at his home, a small hut made out of a Vdubs containing everything he needs to survive: a T3 connection, his laptop, a juicer, his murse, a fleshlight, and a small refrigerator containing a year's supply of Macaroni Grill leftovers. He looks at the photo on the dash of his beloved Galina, and thinks of her far away, in the arms of local rich dad.
"How could you? He can't even breakdance....you were supposed to take half of my debt..." he sobs. Then he brightens. "Itsallgood. Good things are coming, and when they do I will cease them."
But to the impartial observer, a very different picture appears. Serin Island, located on the edge of the Guru Triangle, has for centuries been the bane of sailors and adventurers. Upon it's rocky shores lie the rusting ghosts of past expeditions such as the S.S. Legate and H.M.S. Prlinkbiz. Even the award-winning U.S.S. Swaby was no match for its hazardous northern approach, going down with all 2759 aboard. The newly erected EN lighthouse stands on a lonely outcropping to warn future victims of impending disaster. Scientists claim that the entire island is rapidly sinking into the sea.
Casey checks his email for gold nuggets and finds several that look very promising. A fellow in Africa wants to give him "85 MILLIONS DOLLARS (85,000,000,000,00)" and he also recognizes a potential business opportunity in "FreeOnl1nePrescr1pt1onMeds!!!! hgjksgsiu". He files them away for later consideration. Right now he is concentrating on his April Monkeydance Price List. He is a celebrity and his fans love to see him perform. And like other celebrity performers, he expects to be paid. With a smile on his face, he jots down $175 next to "nude photo of Galina." Mount Cashcall grumbles ominously in the background.
Far off on distant mainland, a clerk at SBC notices that payment for T3 circuit 156437AXF is three months delinquent. With two fateful keyclicks, she enters a code into the database.
A few hours later a technician locates circuit 156437AXF on the patchbay and disconnects the BNC jumper, completely unaware of the tortured scream hundreds of miles away on an insignificant speck of rock in the forsaken Guru Triangle.
New comments from shithead:
Good morning! It feels great to be an early riser (again)!
Fuck you, Casey.
Tax extension: I will most likely not owe any taxes for 2006 and I did pay make the first two quarterly tax payments, so I might even get a refund. And as far as I know, even if I DO owe taxes, filing an extension without paying anything is not that big of a deal. I will just have to pay a small penalty. They’re not going to throw me in jail or anything. Come on guys. I even heard that the chances of getting audited are LESS when you extend because all the auditing “juice” has been used up for the year by the time October comes around. So it’s all good.
Keep telling yourself that, asshole. What you "heard" is completely wrong, and audits are UP. The IRS has ZERO mercy, especially when someone publically admits to defrauding THEM. That can and WILL put in you hot water.
Time to forward shithead's comments to the Sacramento IRS office...I urge anyone else who's still smarting from the checks they had to write yesterday to do the same. Let's see what the event horizon is for an audit when enough people complain and some fucking idiot admits in public that he's defrauding the IRS.
Fuck you, Casey. Sincerely.
M Singh-
Ha ha, he's definitely going to need some industrial strength software. Rather than a pie chart, I imagine him having a jamba juice or wheatgrass shot level chart. And you know the IRS will love the "thingys" item under his itemized deductions.
However, I think you forgot about Schedule WH-EZ: Profit or Loss from Wacky Hijinx or Shenanigans (Hilarity Ensuing). Let's not forget about the Earned Cashback Credit either.
GENTLEMEN,
Thank you for your positive comments concerning my earlier posts. I very much appreciate them.
I was first introduced to the story in September, when I followed a link from Cruel Site of the Day that detailed Mr. SERIN and his situation. I thought of his story as an interesting intellectual exercise: How would he be able to extricate himself of his situation, considering how difficult it would be for most people to get into it? Perhaps with the help of the Internet behind him, Mr. SERIN would be able to succeed.
I was disappointed. He has received sound advice only to ignore it wholeheartedly. Not only has he failed to resolve his situation, but he is actively compounding it by seeking more properties and more credit lines on top of the $100,000 of credit he already has. In fact, his actions have angered people enough that they actively petition the FBI to investigate him. I have heard it said that "every criminal subconsciously wants to be caught" but the actions of Mr. SERIN take this statement to fantastic levels.
Despite the candor he employs on his blog, I believe there is more to the story than he admits. It should be interesting to see how it ends.
I remain,
M. SINGH
I like how Nigel wants to go back to being respectable. Sorry buddy, but once you reveal yourself to be a douche, you can't take it back. You have to find a new group of friends to play with if you want to be respected now.
My favorite part is how he insinuates that lives depended on his olympic pins business. Let's see, he knows an accountant that kicks bad guys' asses, Alanis Morisette has him on speed dial, and he has 2759 visitors per day. Can we say "pathological exaggerator" anyone?
If you act like douches,
there are no excuses.
Also, if the blue ball does not fit,
You must not sit!
I for one do not dispute Nigel Swaby's intimate familiarity with Prince Alberts. It's just part of his line of work. He has to be able to work with a client regardless of what that client brings to the table.
Get this guys,
Casey wants to excise all the hate from his site right? The so-called hate is what drives repeat business right? He has these psychofants telling him (Nigel most likely?) that the hate is ruining his site and will scare off those who need his help most, right?
Well what the fuck does this posting do to make people feel comfortable about his ability to HELP them? He doesn't READ important mail because a vacation was more important? Say I am facing foreclosure and I ask for Casey's help? What does a post like this do for my confidence? I read that and automatically think that this guy won't follow through and he is not motivated to manage a crisis because a vacation is more important than me.
See my point? I am sure a guy like Nigel doesn't but I hope you guys do.
Every Russian and Eastern European immigrant I've known or seen lives WAY above their means. They buy Gucci, Prada and other shit because they have some strange need to have it. They always look overdressed and tacky. They are also arrogant. I live next to an apartment in Hollywood full of Russians. They won't speak English and they have contempt for anybody who isn't part of their clique.
Casey has no real intention of helping anyone. He just wants to feed people facing foreclosure to equity strippers for a finder's fee. His #1 foreclosure site would be similar to AbleBuyer. No info, just a sales pitch to take that troublesome equity off of your hands.
i'm definitely feeling a "nightline effect" this morning. may our community continue to grow and prosper.
I am a avid reader and avid blogger on this blog but I am posting anonymously because I dont want my identity known.
Some Years back (could be 3 or 20)..I was featured in the 30 under 30. In my first year when I was a RealtorTM, I closed over 100 transactions with a gross of nearly 45 million total value of properties that changed hands.
I have read most of the comments on RealtorsTM, and have to agree that 99% if RealtorsTM are a waste of time.
The only thing they have going for them is the RMLS and that is rapidly being chipped away at with other internet databases. They marginally also bring to the table a buffer zone between the buyer and seller and take the emotion out of the equation as far as the seller is concerned (but not the buyers, who often buy on emotion).
The amounts charged are incomprehensible and reprehensible. If you break it down, it doubles, triples and more of the percent interest rate of the predatory lenders.
The amount of schooling for each state varies, but for the most part the uneducated and uninformed become RealtorsTM. With nominal training, you can earn as much or more than a Neurosurgeon.
For the most part, the ones I have dealt with (hundreds of them), do not even know how to read a P&S Agreement, let alone the clauses in them.
Now on the other hand, we hate dealing with buyers because they take forever to buy something. I am just not customer oriented so I wanted to rip out what was left of my hair after driving some tire kickers around to their 10th house of the day.
Suffice it to say, I was never comfortable with the amount of commision I made for the relatively low amount of work I did.
I left the game after I bought several commercial properties and never looked back.
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