Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Friday, April 13, 2007
Self Diagnosis
CS: "Man… last couple of days I’ve been jumping all over place… book, no book, partial book, crazy ideas, comeback stories, getting swayed by different people… I’m being too impulsive again!"
Now that the firstanaries has drawn blood here's the rest of his post which is very unCaseylike. I probably wrote it but also probably in one of those lucid moments between maniac highs and lows.
---- Speaking of bubbles. I was at Sacramento Real Estate Investors Associations tonight (Thursday) and I saw Robert Campbell the author of Timing the Real Estate Market. It was the second time I saw him speak. Last time was back in summer of 2005. Everything he predicted is coming true.
He actually recognized me from all the media and bubble blogs. That was kind of cool. Robert happens to be a fan of the HousingPanic blog. I told him that blog was pretty much what put me on the map. We talked about how I’m the “poster boy” for everything he talks about in his book.
I suggested he make a video and post it on YouTube or something. Robert’s system for predicting the direction of the RE market is awesome and he is a very dynamic speaker. The timing is right for people to actually accept his message (though it’s a little too late). I think he is seriously under-utilizing his marketing potential.
Letsee, what other open loops are there… oh yeah…
Utah payment:
Called the old lender, new lender and escrow company servicing the payments. Explained everything again. It appears that the title company or the agents screwed up at the creation of the wrap. The loan was one payment behind from the close of escrow. Meaning, there was not enough money brought to the table to completely catchup my underlying mortgage.
The title company also screwed up because the note says the loan is now due because the 6 month balloon was up in February. However, the purchase contract states we have a one year balloon. That’s why I suspect they also screwed up on getting the correct pay-off amount from the lender.
I’m kind of tired of trying to strengthen this deal out. Can’t I just ignore it? What can one missing payment do? The buyers have the property back on the market and stand to make a pretty penny. Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost. Or I guess I can try to argue with the title company about it and see if they are truly the ones to blame. If I have to.
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?
My Book:
I think the “It’s Official” post created some unnecessary speculation and was misleading. I don’t actually have a book deal from a publisher, yet. I am talking to a well-known publisher via a book agent and they seem very interested in doing something with me, including doing an advance of some kind. Too early to tell though.
At the same time, I’m talking to a group that specializes in internet marketing, ebooks, info-products and self-published books. The team is in place to do something and I have some sources of funding for upfront expenses. We’re still talking though.
With that post, I just wanted to officially announce that I want to do a book of some kind. Then I got worked up by some of you haters trying to shoot down my credibility of writing a book. Hence the last post about doing a comeback story.
Yes a crazy comeback story where I miraculously pay off my debt would be very cool and a big blessing. But at the same time I need to be realistic. Monetizing the blog by helping people with foreclosure is probably a better long-term strategy for getting back to financial solvency. Writing some kind of a book or coming out with some info products to help people in foreclosure is a very good idea. I have a lot of lessons to share regardless of how many foreclosures I avoided.
Maybe I can still do some crazy unrelated comeback idea at the same time. As an entrepreneur you gotta “throw mud at the wall” sometimes to find what sticks, right? The power of intention and law of attraction is an amazing thing.
As always, stuff is up in the air. Sorry for all the confusion. I tend to think out-loud. If you haven’t noticed by now.
Oh and…
GSPG stock:
Hey guys, some of you enjoyed my sense of humor with my April Fool’s post where I bought 1.3 Million Shares of GoldSpring (GSPG) stock. Some of you didn’t. Some of you are dying to know.
What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.
Keep your eyes on GSPG and MYNG and gold/silver in general. Man, I wish I had some cash right now. ------
Grab your favorite part and rip it in half like it was his book.
LOL said... Here he goes again with the "I know better than all of you do" crap.
"Larchmont property that I lost to foreclosure is now bank-owed and was put back on the market for $199K. Amazing! They could have taken a short sale at $220K AND I was willing to sign a $50K note on top of that! Oh well, their loss.
Burdett property that I lost to foreclosure is back on the market for $236,900. Again, they should have taken the $240,000 short sale offer. Yeah, with the seller concessions the offer was more like $200,000. But hey, if you’re the bank, wouldn’t you rather take $200K rather than take your chances on a declining market? I don’t understand it.
Mr. Banker. Short sale, GOOD. Taking property back, BAD. Oh well, just give it a little time. Lenders will be giving houses away soon. Get your credit lines ready to buy at the bottom!"
No cupcake, they won't lose anything, they plan to take the difference out of your ass with judgements
"He actually recognized me from all the media and bubble blogs. That was kind of cool. Robert happens to be a fan of the HousingPanic blog. I told him that blog was pretty much what put me on the map. We talked about how I’m the “poster boy” for everything he talks about in his book."
You are a poster boy alright, drink some more Koolaid, dipshit
Utah "I’m kind of tired of trying to strengthen this deal out. Can’t I just ignore it? What can one missing payment do? The buyers have the property back on the market and stand to make a pretty penny. Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost. Or I guess I can try to argue with the title company about it and see if they are truly the ones to blame. If I have to.
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?"
Um yeah, that attitude has really worked out well for you so far hasn't it........?
@LOL: you really think that the banks will go after KC for deficiency judgments?
In CA, the banks can't, unless they obtained judicial foreclosures, which they did not.
The banks can still bring fraud claims, but Casey hasn't stolen enough money from any one of them to make a lawsuit worthwhile. Lawyers' fees would eat up most of any judgment. Besides, Casey is 169% judgment-proof.
Casey probably does not even appear on the banks' radars. Suing Caseys is not how you make a career in financial services, so noone bothers.
Deficiency judgements are -usually- not allowed. That is when it is a first loan on an owner occupied home and there is no fraud. And this applies to Casey's situation... how?
Anyhoo, what the heck is the celebutard wannabe doing hanging around "Sacramento Real Estate Investors Association" meetings? You would think they would have kicked him and his murse to the curb...he ain't got no money to invest with and his reputation is not something they ought to be suffering.
Also who in the Sam Hill is "Robert Campbell the author of Timing the Real Estate Market" and why on earth would I give a flaming one about him? A Snowflake endorsement couldn't possibly help him make one penny (dirty or clean)
Finally what happens to all the second mortgage holders (you know, the ones who put up Snowflake's down payments)? Are they even further SOL than the ones who put up the bulk of the financing?
Since its 5:45am and I'm only on my first cup of coffee:
I'm kind of tired of trying to strengthen this deal out
WTF does "strengthen a deal out" mean?
Can't I just ignore it? What can one missing payment do?
Display of amorality: how would you feel if the situation were reversed and YOU lost the payment?
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?"
And ignoring your obligations is a very good idea too. Its obvious he doesn't want to do "detail work" - how is he going to write a book when the art is in the editing?
I'm not the detail guy, I'm the idea & connections guy = I can't be bothered with anything that resembles honesty and integrity, but I sure can talk out of my butt and will blindly follow anyone calling him/herself a 'guru', especially if they've been on TV (TV is sweet!).
More CaseySpeak: "What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out?"
Huh? Is he worried about a war breaking out in Iraq?
What if: Casey is Sec of State Casey is Fed Chairman Casey is President
Since Sacramento is close to San Fran., is Casey a consultant to Pelosi? Did he accompany her on her trip to Syria? Does he have inside information about an impending conflict?
I assume I was only able to grab first on this post because you're all actively researching GSPG.
Here's my favorite quote of the day: "I’m glad I’ve stuck to my marriage for this long. Perhaps that will teach me to commit in other areas." Isn't he only 3 or 4 years into his marriage? Why would he be the one thinking about getting out of his marriage anyway? Hmmm.
I agree with Sid on the banks. They (much like the FBI) just want Casey to go away. He makes them look like idiots in front of their investors.
The 2nds will probably go after Casey and obtain judgements, if that forces snowflake to live a cash only life and keeps him out of sweet RE deals for the next 10 years then "It's all good!" .
Plus he still has the NM and UT houses to worry about also, he is certainly not judgement proof on those.
At least one or two lenders will go after him for enough money to make his life messy for a long time.
my take. Casey threw the book idea out there. he reads this site. He then backs off it a bit. Why? b/c he doesnt want it to come up during is BK. He wants to wait until afterwards so he doesn't have to pay his dirty pennies back. Face it. he throws out troll bait for more then traffic. He reads this site to learn(i know i know it's difficult to imagine the boy can learn), however he is dumb but i think he plays dumber for a reason.
The nurse in question carries a big black doctor's bag full of meds and is looking for Snowflake...once he/she shows up, there won't be anymore posts at IAFF.com (at least those we can prove to have been written by the fliptard himself which quite possibly has already happened given recent postings and their curious correct spelling of words like 'lose')
So I wonder who wrote Casey's last entry. The inane thought processes are still there, but the writing style is definitely not his. Note for example the lack of glaring idiotic spelling mistakes. Or maybe he got someone to edit the hell out of it.
By the way, I saw the Suze Orman thing on TiVo. I'm not sure which of the two I dislike more. Ugh.
@LOL: for the reasons I gave, I doubt the seconds will sue either. Their claims are smaller than the firsts', and Casey remains judgment-proof.
Irony is, the only way I can see anyone suing Casey is if he suddenly and publicly came into money. But they longer the wait for Casey to get rich, the more likely it is that foreclosed lenders will have simply forgotten about him.
As it is, they've already moved on.
@aaron: I think 80% of Casey's posts at IAFF are troll-bait. This is why he will not answer a simple question like "did you buy that worthless stock?"
He seems to think that the more controversy he stirs and longer he can draw a controversy out, the better for him. Attention whore.
As far as the banks are concerned, Casey is still the owner. The new "owners" have been covering Casey's payments. Now if they sell the house, they stand to gain the difference between the sale price and the price they agreed to pay Casey (I assume to be the remainder of the loan) minus their improvement costs and six months of holding costs. If they make a "pretty penny" on the deal they will surely eat the missing payment to make sure the deal goes through.
But what if they can't sell the home at a profit? Casey couldn't (not saying much). I know Nigey claims itsallgood in SLC but he obviously hasn't been selling any mortgages. Can the "new owners" walk away from the deal? Their hit would be the improvement and holding costs vs. those plus the hit on the home sale. The foreclosure will still go to Casey if they walk, right?
If the home sells for the amount left on the loan plus the improvements and holding, they're golden. If it sells for less than the loan amount, they would surely walk. If it's in between, they might still go for it to mitigate their loss. In any case, they won't have a foreclosure on their record.
It appears that casey is no longer writing his own blog.
The tone of the posts have dramatically changed, and will probably continue to change at an ever increasing rate as the shelf life of IAFF is nearing it's expiration date.
Obviously the new creative director of IAFF is making his move to monetize the blog. Therefore, trying to parse his posts to determine casey's state of mind is pointless at this time.
I'm currently working on a book about a murse toting secret agent accountant who fights crime in a pleather jacket and mardi gras mask. Good things are coming. Publication date to be announced soon!
Couldn't the Utah buyers mail Casey back the keys and leave the fliptard to deal with the mess? Also couldn't they contact Utah law enforcement and sic them on Snowflake.
Of course it's also possible that the Utah buyers are also shysters like fliptard and don't want their dirty laundry aired in public. Funny how Snowflake is a magnet for shady/flaky people (and if you're reading this Nigel, yeah I'm talking about you bub...at best you're a flake)
Just how much time does Nigel devote to his 'real' real estate business job and how much time does he devote to birddogging and outing/annoying EN posters?
Also if you had to have any dealings with Nigel in relation to real estate wouldn't you seriously question his competency given how much time he spends making blog posts or chasing around EN posters (aka 'chasing his tail')?
I wonder what real serious competent real estate professionals think of his non-real estate 'activities'.
Snowflake has a real problem on his hands with the UT deal. It's a much bigger problem than a missed payment. The issue at hand is that the balloon is two months past due.
Wouldn't it be funny if the Utah people realized that the house won't sell for what is owed on the loan, decide to cut their losses, rip out all of their "improvements" that they can (along with the wiring, siding, ducting, etc.), and hightail it out of Highland?
Casey can't afford to do anything to them, as far as the banks are concerned they don't exist, and he can't call the law if the wrap was illegal. Win/loose!
The title company also screwed up because the note says the loan is now due because the 6 month balloon was up in February. However, the purchase contract states we have a one year balloon.
I mean, get real. When did anything like this ever turn out in Casey's favor. He's got a note that says a balloon payment was due in Feburary. Guess what tinkerbell? Yes, the note was due in Februrary. The "purchase contract" is the worthless piece of paper you concocted between you and the seller. Doesn't matter, the seller is long gone and what the note says doesn't mean squat to the holder of the note. Ohhhhhh, this is toooo gooood. The people you sold the property to have dumped 50-70k into the place and now the nice bank people and sherriff are weeks if not days from changing the locks. It's kneecap time.
I'm getting caught up this morning and saw this. TOO DAMN FUNNY! __________________________________ Casey Serin Said #6. Yours Mind and Hours… ...I’m glad I’ve stuck to my marriage for this long. Perhaps that will teach me to commit in other areas. ___________________________________
Think the point is Casey can not afford to discus all his "deals" under oath in a court room. He really needs to clean up this mess more than the others.
The very first time Casey enters a courtroom for anything except the speeding ticket (where'd he get that money?) the poor judge will find about 10,000 friend of the court emails in his inbox.
To paraphrase the Principal in that opus, "Billy Madison" -
Casey - what you've written is one of the most insanely idiotic things I have ever seen. At no point in your rambling, incoherent post were you even close to anything that could be considered a rational thought. Everyone in this world is now dumber for having read it. May God have mercy on our souls.
I'm not sure who is writing over there but IAFF has turned into such a test market troll fest it's not worth reading.
All the fun was in flaming Dumbass for the little bits of truth that slipped out inadvertently while he was trolling. The little "nuggets" and slip ups aren't going to be there now that someones else is doing the writing.
So what? *That* is as likely to land someone in trouble as Casey's propensity to lie, certainly in a criminal trial. If you must contact someone, better the prosecutor.
But I don't think it matters - as it stands, Casey isn't going to be sued, he isn't going to be arrested, he is not going to testify. I hope that I am wrong.
It is very frustrating to stand back and watch justice not being done, but that is simply the result of our society's decadence. It happens all over in the West. The cynics have taken over.
@Rob Dawg: I never said perjury trials don't happen. However, when they do, it is usually because the prosecutor wants very badly to bring charges for whatever reason, but has nothing else to bring.
If the prosecutors want to arrest and charge Casey, they don't need to wait for a hypothetical testimony to do so.
About UT: Here's my prediction. Casey is going to hold up the person that is making the payments and improvements for not only the missing payment, but for a cut of the profits that they may get.
Larchmont property that I lost to foreclosure is now bank-owed and was put back on the market for $199K. Amazing! They could have taken a short sale at $220K AND I was willing to sign a $50K note on top of that! Oh well, their loss.
WAS willing? IIRC he did indeed sign the $50k note.
For the record, and to evaluate Casey Serin's newfound penny stock investing skillz:
As of today, 4/13/07 9:40 AM ET, GSPG.OB is at $0.0029 per share. MYNG.OB is $0.0245 per share.
Google search result disclaimer: Buying anything that Casey Serin recommends is RETARDED. Stay as far away as earthly possible from Goldspring and Golden Eagle International. As of 4/13/07 they have both been given the kiss of death by Casey Serin of iamfacingforeclosure.com .
Love the book cover. Hoping it's only one in a series of Caseyism. Maybe book #2 could be 'The Art of Failure'. And with his new found world political views, maybe he could write 'War & Piece, part 2'.
There's definitely someone different writing his initial posts. They're almost coherent, which does not happen with the real Casey. The last three are obviously trolling for viewer hits and posts.
Anyone catch this, what Casey wrote: "..At the same time, I’m talking to a group that specializes in internet marketing, ebooks, info-products and self-published books. The team is in place to do something and I have some sources of funding for upfront expenses. We’re still talking though."
Who wants to bet that he will, yet again, spend thousands to have someone do something for him he couldv'e done himself for a few hundred - just like the setting up a company thing.
Ha, I just made a CaseyCorp investment folder on Yahoo Finance to track Casey's investment advice. The price of GSPS is so low that the Yahoo software can't even track it.
Casey reminds me of a co-worker at my old civil service day job. All politeness aside, he was retarded. His uncle was a supervisor, and he pulled some corrupt strings, and his actual retarded nephew was ostensibly hired to do paperwork, although all he ever really did was wander around, smear shit on walls in the bathroom and flood it with water, and masturbate compulsively.
The guy quickly figured out that the dumber he appeared, the less would be asked of him. He could read a little bit. Often, the stinking freak would approach me or another shirking drone, holding aloft a newspaper in his shit-and-come-covered hands, pointing at the headline. "What's THIS letter?" he would say, pointing to one of the letters in the line of text. "Which letter, Alan?" we would say. He replied something like "THIS one! The K!" "If you know what it is, why did you ask, Alan"? He stared dumbfounded, unable to comprehend that he had revealed his ploy. He was too stupid to realize he was not smart enough to successfully appear even more stupid than he actually was.
Man, Casey is an idiot. I'm thinking the banks he ripped off might not lose much either. I would suspect these banks might have M.I. (mortgage insurance) on these loans - especially given the high LTV and "no doc" status.
yeah. I don't think this is Casey's writing style, either, and the fact that there have been three or four posts in as many days is very un-Casey-like. So I'm guessing there's a ghostwriter. Casey has delegated again.
If he did 80/20's or did them subprime, there won't be any PMI. He could possibly have included lender paid MI in his loan amounts depending on which lender he used.
From Whiskey & Gunpowder (a financial newsletter) comes this possible use for Snowflake's Sacramento area houses:
Original article link: http://www.whiskeyandgunpowder.com/Archives/2007/20070412.html
"There is one segment of the California economy that apparently has benefited greatly from the cheap home financing and minimal credit checks in the environment fostered by the subprime lenders. In fact, this effect gives a whole new meaning to the term "subprime." "California is in the midst of a major boom in large-scale marijuana cultivation operations run from inside homes," according to the LA Times in an article entitled "Busts Point to Boom in Indoor Pot Farms."
Marijuana seizures have quadrupled in just the last three years, according to officials authorized to speak on behalf of the U.S. Drug Enforcement Administration. Many of the seizures have occurred in what are considered middle-class homes and upscale suburbs of Los Angeles and Sacramento. Gang-related pot growers have taken advantage of cheap financing and the general lack of background documentation of borrowers, receiving loans cynically known in the trade as "liar loans" to acquire homes and then remodel them as indoor greenhouses.
The common practice of these urban plowboys has been for the new homeowners to black out the windows and install ventilation and lighting systems. After settling in, the drug growers use sophisticated growing, watering, and fertilizing equipment to cultivate as many as four crops per year in their otherwise humble, subprime abodes. This output equals or exceeds the yield from traditional outdoor pharmacological agriculture and lacks the danger posed by the discovery of the pot plants via DEA air surveillance or itinerant hikers and campers. "I am not talking about the Cheech and Chong marijuana cultivation of two plants in someone's closet," stated DEA agent Gordon Taylor. "I am talking about organized crime groups who are purchasing homes in our communities and creating marijuana factories."
So as not to attract the attention of neighbors, some drug-growing subprime borrowers have hired gardeners and other employees to perform landscaping work, take out the trash, do maintenance on the houses, turn lights on and off, and otherwise give the indoor pot houses that "lived-in" appearance. And doubtless, of all the subprime borrowers who took out loans to purchase real estate, it is probable that the pot growers are the least likely to miss their mortgage payments and suffer a foreclosure. In that case, their investment might really go up in smoke."
Has anyone ever figured out the address of the Utah house? I tried to look it up with the address Casey gives and it doesn't appear to exist. I wanted to see if a NOD had been issued but the address doesn't come up on the property records.
I thought he did 100% financing on everything except his first one and the hard money one in Dallas.
Check it out, Larchmont makes its triumphant return to Flippers In Trouble. And this time, it's the highest loss percentage-wise on the page at almost 40%. (Dollarwise it's $130100.)
I smell a Pud, AKA HEEKEE, AKA Philip Kaplan when I read the new ghostwriter at IAFF. Do you?
Heekee/Pud/Adbrite & Zewg Guy is not doing Casey's ghostwriting. He was asked how he's helping Casey and he stated that he's done some moderating but the funniest stuff gets erased.
I'd love to know what kind of agent is talking to publishers on his behalf. I get the feeling it's more like a packager, someone who guarantees publishers an edited, ready-to-go manuscript by a deadline and takes half the advance/fee for their trouble. Because... without such, what the hell would an agent be pitching? He's not Save Karyn, her story had an ending and a lesson learned.
@TV Rots - He watched The Secret during his 12-hour meditation (watch tv and absorb guru bullshit) fast.
And YES he signed the $50K Countrywide note, which bugs me that he's trolling with it, and that they haven't come down on his ass looking for their $$. Has anyone called Countrywide?
I just LOVE how Casey thinks a couple of worthless penny/pinkie stocks are smart buys. Why is that Casey? Hate to tell ya', but they are PENNY/PINKIE STOCKS for a fucking reason you schlub.
If you want to weather a dollar downturn you buy REAL gold not some fucking crap penny making promises that may or may not come true (my bet is NOT come true!).
Some clarification on the Heekee/Pud/Adbrite & Zewg Guy stuff for everybody...
Heekee is the Zewg guy and lives in Wisconsin and he hosts Casey's site for free. Pud is Phil Kaplan is the guy that started f'dcompany.com and adbrite and he lives in San Francisco. They are two very different people.
Does the 40% loss make Snowflake the biggest looser? LOL! I guess fliptard ceases the win-win
@beezer Ugh you're scaring me with the thought of fliptard watching The Secret DVD (I don't think he has the patience to read the book...cause he's not a 'details guy')
If you want to weather a dollar downturn you buy REAL gold not some fucking crap penny making promises that may or may not come true (my bet is NOT come true!).
Ummm,[raises hand in embarrassment] or you could own a few June glod futures spreads like I do.
I never looked at the old Utah photos before, and I have to admit I think I'm changing my tune on the Utah buyers. I figured they were some more scammers using Casey as a patsy so they could speculate on the SLC market without risking their own credit. I was skeptical that they actually sank 50-70k into the house. But after seeing the Utah trip photos compared to those old ones, it does look like they sank every bit of that. It looks like a completely different house.
If they're legit, they are going to get majorly screwed by Snowflake's missing payment exploding balloon pie in the face fiasco.
I love how Casey says he got 17k in cashback for repairs in the original purchase and his "progress" photos show that all he accomplished with that was to get the landscaping bulldozed and piled up on one side of the yard. Good job there, Sparky.
I can't believe that the Utah wrap buyers would be stupid enough to put that much money into a house and not take a look at the underlying first mortgage.
Maybe Casey would be stupid enough to miss a detail like that but not the investors putting real money into the place. If it were true, however, the first position lender would be getting a hell of a deal if they can foreclose.
Don't be sorry, they are wickedly risky, complex, expensive to execute, fraught with dealer corruption more like gambling than investing types of adventures. That said the rocketships when you are right are often enough to erase the Titanics when you are wrong. They are the highly speculative top few percent of a portfolio meaning that if one of these spreads is gonna cost $1200 with $200 execution you had damn well better have a fat six digits in everything from Series E to insured 2yr CDs to grandma stocks before these exotic tidbits are on your plate. IOW "eat your vegetables and then if you have room you can have a bite of cheesecake."
Great book cover, but I'd have titled it either "It's All Good!" or "Failing Forward". Or maybe subtitled it using one of those as either the main or sub title. But that's just me.
Wow... so much bullshit to wade through and my lunch is almost up.
I'll just say that Casey's a fucking idiot if he thinks that the mortgage company gives a crap what the purchase contract said. He obviously doesn't understand the first thing about basic contract law.
I think anon@12.02 may have a point. Note the slightly hysterical rhetoric about "our nation's middle-class suburbs" or whatever the official actually said.
Rob Dawg is the big cheese over at EN. [Hey better to be the big cheese than a big old bag of stale Cheez Doodles like you know who]
He's taken to following me around on the web and posting comments criticizing me. Pretty pathetic. [Gee I wonder who is spending more time posting on his blog and whining about RD and EN than actually making money in real estate]
I wrote about this over at my real estate blog a few months ago as he has been doing this for some time. [this of course is more important to me than actually making money in real estate, writing in my various blogs and kvetching about how no one likes me]
He's at it again, now subjecting the moderator of the Consumer Focused Carnival of Real Estate with his blustering and frequently misspelled prose. [which amusingly enough is still there, probably because that blog's owner is actually too busy making money in real estate to worry about moderating or defending my reputation, go figure!]
(Funny thing about his writing, he either has fat fingers or can't spell. I submit he's a hunt and peck typist. Either way, sometimes his misspellings either confuse his message or turn it into something he didn't intend, usually with hilarious results.) [Or maybe RD doesn't subscribe to being one of the spelling/grammar checking police. It's not like being a hunt and peck typist is a big deal unless you're Nigel, who apparently prefers obsessing over typos instead of making money in real estate]
Here's a screenshot of his latest message. Conspicuously absent is comment from anybody else! [Actually there are other messages being left there, like this sweet one from an anonymous poster:
I've asked this before and I'll ask it again:
Why on earth would I waste my time using the services of a real estate 'professional' like Nigel Swaby who spends so much time obsessing over SEO optimization and blog comments and birddogging traffic from other websites when I could hire some one who has actual expertise in buying and selling real estate?
If you don't believe me, check out Swaby's blog about Casey Serin http://donthatecasey.blogspot.com/
How much time has Nigel wasted on creating and maintaining that blog that could have been better spent learning and mastering the finer points of your profession?
I thank goodness that I never have to have anything to do with real estate in Salt Lake City and thus can avoid ever dealing with the likes of Nigel Swaby. ]
So now anytime someone says something nice about me on the web, you'll be there to offer your best rebuttal Rob? [Like RD's the only one?]
You must have an awful lot of free time to take on a project like this. [Well I know I do because I'm not out there trying to make money in real estate. I can't speak for RD but hey what he's doing is having fun and amusing the heck out of the rest of us.] If I have "multiple instances of providing questionable advice," surely you could provide one example? I must have missed it, since your comment looked like a blanket attack. [Okay I'll bite...why on earth is a guy in Salt Lake City offering real estate advice on Kentucky. If I wanted to invest in RE in KY, why on earth would I consult with you over someone based in KY...because you did a couple of blog posts on it? And even if everything you said aboyt KY RE is 100% accurate, what makes your perspective better than someone who has say a lifetime of experience dealing in KY RE but doesn't have a blog or eight...and those are just the ones on Blogger]
Surely you have considered the people you're writing to about me are going to think you're a small and petty man? You have thought about that haven't you? Or are you so full of yourself and your little mob at EN you think anyone actually gives a shit about what you think? [Geez Nigel if I substituted 'group of RE colleagues' for mob at EN I could easily make the same argument about you, couldn't I? Oh and for the record a lot of us find EN far more interesting than anything you write.]
Since the ENers attack and berate anyone that doesn't agree with them, the group think there has turned into a freaky, Lord of the Flies, incestuous orgy type of thought. Here's a dose of reality for your folks. Nobody cares! [And frankly what people who aren't interested in EN are free to hang out elsewhere. But apparently Nigel you care or you wouldn't keep posting to your blogs instead of going out and making money in real estate.]
People think you're nuts. The FBI has told you to stop calling. The Sacramento DA's office has done the same. Don't call them, they'll call you... [I'll leave it up to others who have called various law enforcement agencies -- and there are far more than just the FBI and the SAC DA who are interested to refute this point of your argument Nigel. But everytime Snowflake flouts his illegal behavior, he ups his chances of ending up doing a perp walk...there's going to be at least one ambitious law enforcement type who can make a big career move Eliott Spitzer style if Snowflake keeps it up. Unlike you they can profit from following EN and Snowflake's blog closely...or is it no longer possible for you to make more money in real estate than it is to post to your eight blogs?]
Rob, I must thank you for your attention. The result has been the opposite of what you've intended. You claim there are thousands of people in your "greater community," so why only 11 comments on the previous thread of the COCORE? [Quantity is not necessarily an adequate substitute for quality Nigel. Moreover how much real estate have you made money on lately...hmmm??? Have your blog articles really brought you more money?] That day you claimed you had 15,000 page views. Surely more than 11 of these members of your "greater community" care enough to bash me on someone else's board? [Surely you're not as important as you think you are Nigel or you might have gotten more postings than RD did that day at EN? But I digress...what on earth makes you think you're going to make more money and friends blogging about things about which no one gives a flying one than helping people buy and sell real estate?]
I know a few of them were anonymous posts with bad spelling, so could there have been less than 11 unique individuals? I think that's a strong possibility. [So what if there weren't 11 different people who cared enough to badmouth you Nigel? Or are you really that desperate for attention even if 100% of it was negative?] Nevertheless, I applaud your efforts at getting my name out there. You're my one man PR machine. Keep it up Big Cheese! [Note to Nigel notoriety does not equal publicity...you can ask Snowflake all about that one...it's sad that there's another area in which you come second to a criminal dullard.]
My theory on the whole short sale/foreclosure deal that Casey was bragging about being a stupid move on the banks part:
If they agree to a short sale, the bank is basically agreeing to take a loss, there isn't as much to go after Casey with because they agreed to take a loss on the property. However, if there is a foreclosure, they have a real, involuntary monetary loss that can be used to persecute Casey both civilly and criminally and dig into his mortgage fraud and cash back at closing dealings. I don't doubt for a second that the lenders are working with prosecutes at this point. As far as Casey's losses being small potatoes, yes, the are from a financial standpoint but from a public standpoint Casey as made himself "poster boy for the real estate fallout", I think he will soon be the posterboy for what happens when you commit mortgage fraud, especially when he goes around bragging about it.
I think there is just too much to lose for both the lenders and the government if they let Casey get away with this, it sets a horrible precedent and example. With sub-prime lenders stock prices sagging because of their bad loans, what better way to raise confidence and their stock price by aggressively prosecuting the most high-profile example of mortgage fraud and the "team" that helped him do it.
I wouldn't doubt that the lenders are working with prosecutors to make sure Casey is prosecuted. But, not taking the short sale does not likely have anything to do with Casey.
AFAIK whether the bank takes a loss via foreclosure or short sale does not matter to the IRS. Casey will get a 1099 for the forgiven debt either way.
Since the bank is never going to get a cent out of Casey they would be better off getting as much for the house as possible.
Nigel replying to a legitimate question about DHC...the name of which last time I checked was "**Casey Serin** The Alternate Take"
"Are the haterz not part of [Casey] situation?"
Would someone care to explain to me how I (or Rob Dawg or anyone here at EN) made Snowflake watch late night TV real estate 'investment gurus', run up huge credit card debt throwing money at said gurus, commit fraud to 'buy'/enslave himself with multiple mortgage obligations on 8 houses in 4 different states (not to mention taking untold sums of cash back at close), crash the real estate market in said 4 states leaving Snowflake stuck with no income and no way to pay said mortgages, and then blogging about every ridiculous detail? Moreover I fail to see how my contempt for the fliptard's actions is in any way part of *Casey's* 'situation'...there's a reason why I don't post to DHC...because I don't care to share what I think on your largely irrelevant and inferior site. If more people actually cared about what you have to say Nigel they would read and post comments about the uninteresting posts you write at DHC...also your site hit statistics would be higher if you did something which actually interested people at EN. Since your stats are far lower than EN's one can safely conclude that we really don't care about what you post Nigel unless it's an attack on a hater. Sad that not only can you not come up with insightful and traffic-worthy commentary to raise your stats but that you actually seem to spend more time and effort blogging than making mortgage deals which if I recall correctly is what you allegedly do for a living.
"Am I not brought up at the haterz blogs constantly?"
You're only brought up at EN either to respond to your attempts to bait EN people into posting on your site...the vast majority of us at EN don't bother posting to DHC or any of your other blogs because frankly we don't give much thought to you unless and until you either bait or harass someone here. Then we tend to hash it out here and move on to something more interesting (and believe me, there's always something more interesting to read than what you post Nigel).
a slight correction for the perfection in posting obsessed Nigel
You're only brought up at EN either to respond to your attempts to bait EN people into posting on your site *or when you attempt to disclose information on real world EN posters that they have not chosen to post here*
You are free to go birddogging all the info online on any EN poster you wish Nigel, but frankly I don't see how it benefits you monetarily as much as say looking for people who need mortgage brokering services would benefit you. I think you're spinning your wheels and might find watching a mindless sitcom more beneficial than what you do at your blogs, but I'll leave that to your discretion.
Can anyone imagine that anything Nigel has done in the last several months has improved his mortgage business or conflict of interest sales referrals?
He was always a marginal player. He has no experience in either the current or future market. He exhibits misanthropy (look it up genius). His ill chosen profession is cratering at least as fast as his personal position. His conflicted side business of birddogging new home buyers is doing worse than even the mortgage origination or new homes business.
These are the last thrashings of the fish who was unable to shift with the tide.
Nigel just can't leave it alone. He's got some kind of underlying need for attention or acceptance or something. He's like the nerd who gets beat down, but comes back every week for more. If he could take the abuse, after a while you would kind of respect his spririt, but everytime he ends up running home crying. I think he's obsessing over his blog honor that has been sullied at the price of neglecting his profession.
I hope Mrs. Swaby has a better job than Galina, otherwise they're going to be ripping and burning pretty soon.
Didn't someone in the RE business post here to EN several days ago about how Nigel does the same type of drumming up traffic (and annoying people) for his blogs dance at other RE forums online?
And no I can't see that Nigel's having a lot of success with brokering mortgages, seeking out new/first time home buyers, blogging, making friends/allies online, etc. I think maybe he and Snowflake and G ought to see if they could get a group discount on some therapy.
Occasionally Nigel (and for that matter Snowflake) hit on something that has me laughing with them like the 'first poster' video Nigel found on YouTube. But wouldn't both of them be better off spending time offline pursuing income?
Nigel in a nutshell... failure from his 20's to his 30's, probably fancied himself an entrepreneur who was really good at making deals and not being bothered with details like a good work ethic and personal sacrifice....
so in his 30's he finds himself selling olympic pins... that .com bust looks permanent... now what? oooh real estate!
so he's a guy who flopped for the majority of his professional career got into a bubbleriffic profession, probably made some good money over the past couple years and somehow has translated that money that was handed to him as some sort of reflection of his abilities. it's pretty clear to me that he's more similar to Casey than anything else... looking for that quick and easy payoff and convincing themselves that they are somehow smarter than everyone else.
CS: "Man… last couple of days I’ve been jumping all over place… book, no book, partial book, crazy ideas, comeback stories, getting swayed by different people… I’m being too impulsive again!"
105 comments:
First!
2 in a row!
Damn, forgot to taunt Tony about Giada.
Doesn't PRLinkbiz get a cut of the profits?
Now that the firstanaries has drawn blood here's the rest of his post which is very unCaseylike. I probably wrote it but also probably in one of those lucid moments between maniac highs and lows.
----
Speaking of bubbles. I was at Sacramento Real Estate Investors Associations tonight (Thursday) and I saw Robert Campbell the author of Timing the Real Estate Market. It was the second time I saw him speak. Last time was back in summer of 2005. Everything he predicted is coming true.
He actually recognized me from all the media and bubble blogs. That was kind of cool. Robert happens to be a fan of the HousingPanic blog. I told him that blog was pretty much what put me on the map. We talked about how I’m the “poster boy” for everything he talks about in his book.
I suggested he make a video and post it on YouTube or something. Robert’s system for predicting the direction of the RE market is awesome and he is a very dynamic speaker. The timing is right for people to actually accept his message (though it’s a little too late). I think he is seriously under-utilizing his marketing potential.
Letsee, what other open loops are there… oh yeah…
Utah payment:
Called the old lender, new lender and escrow company servicing the payments. Explained everything again. It appears that the title company or the agents screwed up at the creation of the wrap. The loan was one payment behind from the close of escrow. Meaning, there was not enough money brought to the table to completely catchup my underlying mortgage.
The title company also screwed up because the note says the loan is now due because the 6 month balloon was up in February. However, the purchase contract states we have a one year balloon. That’s why I suspect they also screwed up on getting the correct pay-off amount from the lender.
I’m kind of tired of trying to strengthen this deal out. Can’t I just ignore it? What can one missing payment do? The buyers have the property back on the market and stand to make a pretty penny. Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost. Or I guess I can try to argue with the title company about it and see if they are truly the ones to blame. If I have to.
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?
My Book:
I think the “It’s Official” post created some unnecessary speculation and was misleading. I don’t actually have a book deal from a publisher, yet. I am talking to a well-known publisher via a book agent and they seem very interested in doing something with me, including doing an advance of some kind. Too early to tell though.
At the same time, I’m talking to a group that specializes in internet marketing, ebooks, info-products and self-published books. The team is in place to do something and I have some sources of funding for upfront expenses. We’re still talking though.
With that post, I just wanted to officially announce that I want to do a book of some kind. Then I got worked up by some of you haters trying to shoot down my credibility of writing a book. Hence the last post about doing a comeback story.
Yes a crazy comeback story where I miraculously pay off my debt would be very cool and a big blessing. But at the same time I need to be realistic. Monetizing the blog by helping people with foreclosure is probably a better long-term strategy for getting back to financial solvency. Writing some kind of a book or coming out with some info products to help people in foreclosure is a very good idea. I have a lot of lessons to share regardless of how many foreclosures I avoided.
Maybe I can still do some crazy unrelated comeback idea at the same time. As an entrepreneur you gotta “throw mud at the wall” sometimes to find what sticks, right? The power of intention and law of attraction is an amazing thing.
As always, stuff is up in the air. Sorry for all the confusion. I tend to think out-loud. If you haven’t noticed by now.
Oh and…
GSPG stock:
Hey guys, some of you enjoyed my sense of humor with my April Fool’s post where I bought 1.3 Million Shares of GoldSpring (GSPG) stock. Some of you didn’t. Some of you are dying to know.
What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out? You tell me.
Keep your eyes on GSPG and MYNG and gold/silver in general. Man, I wish I had some cash right now.
------
Grab your favorite part and rip it in half like it was his book.
LOL said...
Here he goes again with the "I know better than all of you do" crap.
"Larchmont property that I lost to foreclosure is now bank-owed and was put back on the market for $199K. Amazing! They could have taken a short sale at $220K AND I was willing to sign a $50K note on top of that! Oh well, their loss.
Burdett property that I lost to foreclosure is back on the market for $236,900. Again, they should have taken the $240,000 short sale offer. Yeah, with the seller concessions the offer was more like $200,000. But hey, if you’re the bank, wouldn’t you rather take $200K rather than take your chances on a declining market? I don’t understand it.
Mr. Banker. Short sale, GOOD. Taking property back, BAD. Oh well, just give it a little time. Lenders will be giving houses away soon. Get your credit lines ready to buy at the bottom!"
No cupcake, they won't lose anything, they plan to take the difference out of your ass with judgements
"He actually recognized me from all the media and bubble blogs. That was kind of cool. Robert happens to be a fan of the HousingPanic blog. I told him that blog was pretty much what put me on the map. We talked about how I’m the “poster boy” for everything he talks about in his book."
You are a poster boy alright, drink some more Koolaid, dipshit
Utah
"I’m kind of tired of trying to strengthen this deal out. Can’t I just ignore it? What can one missing payment do? The buyers have the property back on the market and stand to make a pretty penny. Maybe I should just call them and explain what’s going on and see if they would be willing to eat the cost. Or I guess I can try to argue with the title company about it and see if they are truly the ones to blame. If I have to.
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?"
Um yeah, that attitude has really worked out well for you so far hasn't it........?
@LOL: you really think that the banks will go after KC for deficiency judgments?
In CA, the banks can't, unless they obtained judicial foreclosures, which they did not.
The banks can still bring fraud claims, but Casey hasn't stolen enough money from any one of them to make a lawsuit worthwhile. Lawyers' fees would eat up most of any judgment. Besides, Casey is 169% judgment-proof.
Casey probably does not even appear on the banks' radars. Suing Caseys is not how you make a career in financial services, so noone bothers.
I smell a Pud, AKA HEEKEE, AKA Philip Kaplan when I read the new ghostwriter at IAFF. Do you?
Deficiency judgements are -usually- not allowed. That is when it is a first loan on an owner occupied home and there is no fraud. And this applies to Casey's situation... how?
Screw you firstedness loosers
We have new CaseySpeak:
"I’m kind of tired of trying to strengthen this deal out."
strengthen = straighten
Murst (sorry to Fear The Nurse).
Anyhoo, what the heck is the celebutard wannabe doing hanging around "Sacramento Real Estate Investors Association" meetings? You would think they would have kicked him and his murse to the curb...he ain't got no money to invest with and his reputation is not something they ought to be suffering.
Also who in the Sam Hill is "Robert Campbell the author of Timing the Real Estate Market" and why on earth would I give a flaming one about him? A Snowflake endorsement couldn't possibly help him make one penny (dirty or clean)
Finally what happens to all the second mortgage holders (you know, the ones who put up Snowflake's down payments)? Are they even further SOL than the ones who put up the bulk of the financing?
Oops typo...apologies to fear the murse...not enough caffeine this AM
@Rob: irrelevant, in the sense that Casey is too small potatoes to be worth going after.
And even if a bank engaged counsel, set aside its foreclosure, sued Casey, and won, what does the bank get?
A money judgment that may be collectible in the future but not any time soon. Attorneys' fees that are due in 30 days.
Banks do not like this kind of distraction. Trust me on this. They'll treat Casey as part of the cost of loan production and move on.
Since its 5:45am and I'm only on my first cup of coffee:
I'm kind of tired of trying to strengthen this deal out
WTF does "strengthen a deal out" mean?
Can't I just ignore it? What can one missing payment do?
Display of amorality: how would you feel if the situation were reversed and YOU lost the payment?
This doesn’t seem like a good use of my time or the right task for me. I’m not the detail guy, I’m the ideas and connections guy, remember?"
And ignoring your obligations is a very good idea too. Its obvious he doesn't want to do "detail work" - how is he going to write a book when the art is in the editing?
Did I mention I'm cranky before caffeine? :)
More Casey Speak
info products = new scam
I'm not the detail guy, I'm the idea & connections guy = I can't be bothered with anything that resembles honesty and integrity, but I sure can talk out of my butt and will blindly follow anyone calling him/herself a 'guru', especially if they've been on TV (TV is sweet!).
Definitely not his writing today.
More CaseySpeak:
"What is more important is what are YOU doing to invest your money wisely with the dollar going down, the real estate crashing and the war about to break out?"
Huh? Is he worried about a war breaking out in Iraq?
What if:
Casey is Sec of State
Casey is Fed Chairman
Casey is President
Think of the possibilities.....
Since Sacramento is close to San Fran., is Casey a consultant to Pelosi? Did he accompany her on her trip to Syria? Does he have inside information about an impending conflict?
We gotta know!
I assume I was only able to grab first on this post because you're all actively researching GSPG.
Here's my favorite quote of the day:
"I’m glad I’ve stuck to my marriage for this long. Perhaps that will teach me to commit in other areas."
Isn't he only 3 or 4 years into his marriage? Why would he be the one thinking about getting out of his marriage anyway? Hmmm.
I agree with Sid on the banks. They (much like the FBI) just want Casey to go away. He makes them look like idiots in front of their investors.
Who is this Nurse that we fear? One with a giant needle, or one in the naughty nurse halloween costume?
@5:40 AM, sid_finster
The 2nds will probably go after Casey and obtain judgements, if that forces snowflake to live a cash only life and keeps him out of sweet RE deals for the next 10 years then "It's all good!" .
Plus he still has the NM and UT houses to worry about also, he is certainly not judgement proof on those.
At least one or two lenders will go after him for enough money to make his life messy for a long time.
my take. Casey threw the book idea out there. he reads this site. He then backs off it a bit. Why? b/c he doesnt want it to come up during is BK. He wants to wait until afterwards so he doesn't have to pay his dirty pennies back. Face it. he throws out troll bait for more then traffic. He reads this site to learn(i know i know it's difficult to imagine the boy can learn), however he is dumb but i think he plays dumber for a reason.
@Fear The Murse
The nurse in question carries a big black doctor's bag full of meds and is looking for Snowflake...once he/she shows up, there won't be anymore posts at IAFF.com (at least those we can prove to have been written by the fliptard himself which quite possibly has already happened given recent postings and their curious correct spelling of words like 'lose')
So I wonder who wrote Casey's last entry. The inane thought processes are still there, but the writing style is definitely not his. Note for example the lack of glaring idiotic spelling mistakes. Or maybe he got someone to edit the hell out of it.
By the way, I saw the Suze Orman thing on TiVo. I'm not sure which of the two I dislike more. Ugh.
@LOL: for the reasons I gave, I doubt the seconds will sue either. Their claims are smaller than the firsts', and Casey remains judgment-proof.
Irony is, the only way I can see anyone suing Casey is if he suddenly and publicly came into money. But they longer the wait for Casey to get rich, the more likely it is that foreclosed lenders will have simply forgotten about him.
As it is, they've already moved on.
@aaron: I think 80% of Casey's posts at IAFF are troll-bait. This is why he will not answer a simple question like "did you buy that worthless stock?"
He seems to think that the more controversy he stirs and longer he can draw a controversy out, the better for him. Attention whore.
I would be very afraid of a nurse named Nigel. Gives me the heebie jeebies. Ewwwwwwwwwwwww.
Speculating on the Utah wrap:
As far as the banks are concerned, Casey is still the owner. The new "owners" have been covering Casey's payments. Now if they sell the house, they stand to gain the difference between the sale price and the price they agreed to pay Casey (I assume to be the remainder of the loan) minus their improvement costs and six months of holding costs. If they make a "pretty penny" on the deal they will surely eat the missing payment to make sure the deal goes through.
But what if they can't sell the home at a profit? Casey couldn't (not saying much). I know Nigey claims itsallgood in SLC but he obviously hasn't been selling any mortgages. Can the "new owners" walk away from the deal? Their hit would be the improvement and holding costs vs. those plus the hit on the home sale. The foreclosure will still go to Casey if they walk, right?
If the home sells for the amount left on the loan plus the improvements and holding, they're golden. If it sells for less than the loan amount, they would surely walk. If it's in between, they might still go for it to mitigate their loss. In any case, they won't have a foreclosure on their record.
It appears that casey is no longer writing his own blog.
The tone of the posts have dramatically changed, and will probably continue to change at an ever increasing rate as the shelf life of IAFF is nearing it's expiration date.
Obviously the new creative director of IAFF is making his move to monetize the blog.
Therefore, trying to parse his posts to determine casey's state of mind is pointless at this time.
I'm currently working on a book about a murse toting secret agent accountant who fights crime in a pleather jacket and mardi gras mask. Good things are coming. Publication date to be announced soon!
FEAR ME and my book!
@Sneaky Sneaky
There is one more possibility, The utah investors could sue Casey to try to recover any money lost on the deal.
Couldn't the Utah buyers mail Casey back the keys and leave the fliptard to deal with the mess? Also couldn't they contact Utah law enforcement and sic them on Snowflake.
Of course it's also possible that the Utah buyers are also shysters like fliptard and don't want their dirty laundry aired in public. Funny how Snowflake is a magnet for shady/flaky people (and if you're reading this Nigel, yeah I'm talking about you bub...at best you're a flake)
Just how much time does Nigel devote to his 'real' real estate business job and how much time does he devote to birddogging and outing/annoying EN posters?
Also if you had to have any dealings with Nigel in relation to real estate wouldn't you seriously question his competency given how much time he spends making blog posts or chasing around EN posters (aka 'chasing his tail')?
I wonder what real serious competent real estate professionals think of his non-real estate 'activities'.
Snowflake has a real problem on his hands with the UT deal. It's a much bigger problem than a missed payment. The issue at hand is that the balloon is two months past due.
Am I reading this one correctly?
Casey is obviously in one of his manic phases right now. Must be a wild ride for Galina...
@anon, sneaky, et al:
what is the point of suing Casey if he has no assets to seize?
Unless he suddenly gets rich and is stupid enough to flaunt the fact (and he would), noone is going to sue him.
Wouldn't it be funny if the Utah people realized that the house won't sell for what is owed on the loan, decide to cut their losses, rip out all of their "improvements" that they can (along with the wiring, siding, ducting, etc.), and hightail it out of Highland?
Casey can't afford to do anything to them, as far as the banks are concerned they don't exist, and he can't call the law if the wrap was illegal. Win/loose!
@sneaky: this is a definite possibility, but what happens then is that the bank forecloses (on Casey) and eats its losses.
The title company also screwed up because the note says the loan is now due because the 6 month balloon was up in February. However, the purchase contract states we have a one year balloon.
I mean, get real. When did anything like this ever turn out in Casey's favor. He's got a note that says a balloon payment was due in Feburary. Guess what tinkerbell? Yes, the note was due in Februrary. The "purchase contract" is the worthless piece of paper you concocted between you and the seller. Doesn't matter, the seller is long gone and what the note says doesn't mean squat to the holder of the note. Ohhhhhh, this is toooo gooood. The people you sold the property to have dumped 50-70k into the place and now the nice bank people and sherriff are weeks if not days from changing the locks. It's kneecap time.
@ sid
It's "assets to cease"
I'm getting caught up this morning and saw this. TOO DAMN FUNNY!
__________________________________
Casey Serin Said
#6. Yours Mind and Hours… ...I’m glad I’ve stuck to my marriage for this long. Perhaps that will teach me to commit in other areas.
___________________________________
WOW. Wonder if G is reading...
@ sid
You're right, there's no point in suing his sorry ass. It would be spending a dollar to make a dime.
@sneaky: oh yeah...sorry 'bout that...(in my best Beavis voice)
@sid_finster
Think the point is Casey can not afford to discus all his "deals" under oath in a court room. He really needs to clean up this mess more than the others.
Casey does not have to worry about perjury, as he is never going to end up in court.
Even if he were forced to testify, prosecutors rarely push a perjury rap, except when they have nothing else.
Dirty little secret.
The very first time Casey enters a courtroom for anything except the speeding ticket (where'd he get that money?) the poor judge will find about 10,000 friend of the court emails in his inbox.
To paraphrase the Principal in that opus, "Billy Madison" -
Casey - what you've written is one of the most insanely idiotic things I have ever seen. At no point in your rambling, incoherent post were you even close to anything that could be considered a rational thought. Everyone in this world is now dumber for having read it. May God have mercy on our souls.
Even if he were forced to testify, prosecutors rarely push a perjury rap, except when they have nothing else.
Dirty little secret.
Ask Scooter Libby who near as I can tell was convicted of having lied because he claimed he didn't remember something that never happened.
I'm not sure who is writing over there but IAFF has turned into such a test market troll fest it's not worth reading.
All the fun was in flaming Dumbass for the little bits of truth that slipped out inadvertently while he was trolling. The little "nuggets" and slip ups aren't going to be there now that someones else is doing the writing.
Man, I wish I had some cash right now.
So what? *That* is as likely to land someone in trouble as Casey's propensity to lie, certainly in a criminal trial. If you must contact someone, better the prosecutor.
But I don't think it matters - as it stands, Casey isn't going to be sued, he isn't going to be arrested, he is not going to testify. I hope that I am wrong.
It is very frustrating to stand back and watch justice not being done, but that is simply the result of our society's decadence. It happens all over in the West. The cynics have taken over.
Scooter got convicted to spare the bossman. Sacrificial lamb or taking one for the team depending on one's perspective.
@Rob Dawg: I never said perjury trials don't happen. However, when they do, it is usually because the prosecutor wants very badly to bring charges for whatever reason, but has nothing else to bring.
If the prosecutors want to arrest and charge Casey, they don't need to wait for a hypothetical testimony to do so.
About UT: Here's my prediction. Casey is going to hold up the person that is making the payments and improvements for not only the missing payment, but for a cut of the profits that they may get.
Larchmont property that I lost to foreclosure is now bank-owed and was put back on the market for $199K. Amazing! They could have taken a short sale at $220K AND I was willing to sign a $50K note on top of that! Oh well, their loss.
WAS willing? IIRC he did indeed sign the $50k note.
For the record, and to evaluate Casey Serin's newfound penny stock investing skillz:
As of today, 4/13/07 9:40 AM ET, GSPG.OB is at $0.0029 per share. MYNG.OB is $0.0245 per share.
Google search result disclaimer: Buying anything that Casey Serin recommends is RETARDED. Stay as far away as earthly possible from Goldspring and Golden Eagle International. As of 4/13/07 they have both been given the kiss of death by Casey Serin of iamfacingforeclosure.com .
Love the book cover. Hoping it's only one in a series of Caseyism. Maybe book #2 could be 'The Art of Failure'. And with his new found world political views, maybe he could write 'War & Piece, part 2'.
There's definitely someone different writing his initial posts. They're almost coherent, which does not happen with the real Casey. The last three are obviously trolling for viewer hits and posts.
Anyone catch this, what Casey wrote:
"..At the same time, I’m talking to a group that specializes in internet marketing, ebooks, info-products and self-published books. The team is in place to do something and I have some sources of funding for upfront expenses. We’re still talking though."
Who wants to bet that he will, yet again, spend thousands to have someone do something for him he couldv'e done himself for a few hundred - just like the setting up a company thing.
He is truly stupid.
Ha, I just made a CaseyCorp investment folder on Yahoo Finance to track Casey's investment advice. The price of GSPS is so low that the Yahoo software can't even track it.
@Stanley @5:59:
Huh? Is he worried about a war breaking out in Iraq?
He's probably talking about the pending war with Iran - not saying it's going to happen, but there's lots of blogging about it going on.
As in all things, Casey is an incomp at investment advice. If there is going to be war! with Iran! a smarter play would be to buy! oil!
Re:
>>he is dumb but i think he plays dumber<<
Casey reminds me of a co-worker at my old civil service day job. All politeness aside, he was retarded. His uncle was a supervisor, and he pulled some corrupt strings, and his actual retarded nephew was ostensibly hired to do paperwork, although all he ever really did was wander around, smear shit on walls in the bathroom and flood it with water, and masturbate compulsively.
The guy quickly figured out that the dumber he appeared, the less would be asked of him. He could read a little bit. Often, the stinking freak would approach me or another shirking drone, holding aloft a newspaper in his shit-and-come-covered hands, pointing at the headline. "What's THIS letter?" he would say, pointing to one of the letters in the line of text. "Which letter, Alan?" we would say. He replied something like "THIS one! The K!" "If you know what it is, why did you ask, Alan"? He stared dumbfounded, unable to comprehend that he had revealed his ploy. He was too stupid to realize he was not smart enough to successfully appear even more stupid than he actually was.
Man, Casey is an idiot. I'm thinking the banks he ripped off might not lose much either. I would suspect these banks might have M.I. (mortgage insurance) on these loans - especially given the high LTV and "no doc" status.
Anybody know?
SN
Amost forgot to add ... I guess the M.I. providers could knock back the claim, given the fraud involved.
yeah. I don't think this is Casey's writing style, either, and the fact that there have been three or four posts in as many days is very un-Casey-like. So I'm guessing there's a ghostwriter. Casey has delegated again.
Didn't he do all 80/20s?
If he did 80/20's or did them subprime, there won't be any PMI. He could possibly have included lender paid MI in his loan amounts depending on which lender he used.
From Whiskey & Gunpowder (a financial newsletter) comes this possible use for Snowflake's Sacramento area houses:
Original article link:
http://www.whiskeyandgunpowder.com/Archives/2007/20070412.html
"There is one segment of the California economy that apparently has benefited greatly from the cheap home financing and minimal credit checks in the environment fostered by the subprime lenders. In fact, this effect gives a whole new meaning to the term "subprime." "California is in the midst of a major boom in large-scale marijuana cultivation operations run from inside homes," according to the LA Times in an article entitled "Busts Point to Boom in Indoor Pot Farms."
Marijuana seizures have quadrupled in just the last three years, according to officials authorized to speak on behalf of the U.S. Drug Enforcement Administration. Many of the seizures have occurred in what are considered middle-class homes and upscale suburbs of Los Angeles and Sacramento. Gang-related pot growers have taken advantage of cheap financing and the general lack of background documentation of borrowers, receiving loans cynically known in the trade as "liar loans" to acquire homes and then remodel them as indoor greenhouses.
The common practice of these urban plowboys has been for the new homeowners to black out the windows and install ventilation and lighting systems. After settling in, the drug growers use sophisticated growing, watering, and fertilizing equipment to cultivate as many as four crops per year in their otherwise humble, subprime abodes. This output equals or exceeds the yield from traditional outdoor pharmacological agriculture and lacks the danger posed by the discovery of the pot plants via DEA air surveillance or itinerant hikers and campers. "I am not talking about the Cheech and Chong marijuana cultivation of two plants in someone's closet," stated DEA agent Gordon Taylor. "I am talking about organized crime groups who are purchasing homes in our communities and creating marijuana factories."
So as not to attract the attention of neighbors, some drug-growing subprime borrowers have hired gardeners and other employees to perform landscaping work, take out the trash, do maintenance on the houses, turn lights on and off, and otherwise give the indoor pot houses that "lived-in" appearance. And doubtless, of all the subprime borrowers who took out loans to purchase real estate, it is probable that the pot growers are the least likely to miss their mortgage payments and suffer a foreclosure. In that case, their investment might really go up in smoke."
Whoa talk about cash back after closing!
Has anyone ever figured out the address of the Utah house? I tried to look it up with the address Casey gives and it doesn't appear to exist. I wanted to see if a NOD had been issued but the address doesn't come up on the property records.
Hmmm here's why being a haterTM isn't such a bad thing (and why I hope Casey never watches The Secret on DVD or reads the book)
http://www.commondreams.org/archive/2007/04/12/469/print/
Hmmm here's why being a haterTM isn't such a bad thing (and why I hope Casey never watches The Secret on DVD or reads the book)
http://www.commondreams.org/archive/2007/04/12/469/print/
I thought he did 100% financing on everything except his first one and the hard money one in Dallas.
Check it out, Larchmont makes its triumphant return to Flippers In Trouble. And this time, it's the highest loss percentage-wise on the page at almost 40%. (Dollarwise it's $130100.)
At 5:42 AM, Anonymous said...
I smell a Pud, AKA HEEKEE, AKA Philip Kaplan when I read the new ghostwriter at IAFF. Do you?
Heekee/Pud/Adbrite & Zewg Guy is not doing Casey's ghostwriting. He was asked how he's helping Casey and he stated that he's done some moderating but the funniest stuff gets erased.
I'd love to know what kind of agent is talking to publishers on his behalf. I get the feeling it's more like a packager, someone who guarantees publishers an edited, ready-to-go manuscript by a deadline and takes half the advance/fee for their trouble. Because... without such, what the hell would an agent be pitching? He's not Save Karyn, her story had an ending and a lesson learned.
@TV Rots - He watched The Secret during his 12-hour meditation (watch tv and absorb guru bullshit) fast.
And YES he signed the $50K Countrywide note, which bugs me that he's trolling with it, and that they haven't come down on his ass looking for their $$. Has anyone called Countrywide?
I just LOVE how Casey thinks a couple of worthless penny/pinkie stocks are smart buys. Why is that Casey? Hate to tell ya', but they are PENNY/PINKIE STOCKS for a fucking reason you schlub.
If you want to weather a dollar downturn you buy REAL gold not some fucking crap penny making promises that may or may not come true (my bet is NOT come true!).
Some clarification on the Heekee/Pud/Adbrite & Zewg Guy stuff for everybody...
Heekee is the Zewg guy and lives in Wisconsin and he hosts Casey's site for free. Pud is Phil Kaplan is the guy that started f'dcompany.com and adbrite and he lives in San Francisco. They are two very different people.
@Sneaky Sneaky
Does the 40% loss make Snowflake the biggest looser? LOL! I guess fliptard ceases the win-win
@beezer
Ugh you're scaring me with the thought of fliptard watching The Secret DVD (I don't think he has the patience to read the book...cause he's not a 'details guy')
Uh oh...looks like juicing might not be all that optimal for the semi-vegan to get his nutrition
http://www.msnbc.msn.com/id/18057874/wid/11915773?GT1=9303&print=1&displaymode=1098
Leave it to Snowflake to get even this wrong
If you want to weather a dollar downturn you buy REAL gold not some fucking crap penny making promises that may or may not come true (my bet is NOT come true!).
Ummm,[raises hand in embarrassment] or you could own a few June glod futures spreads like I do.
I never looked at the old Utah photos before, and I have to admit I think I'm changing my tune on the Utah buyers. I figured they were some more scammers using Casey as a patsy so they could speculate on the SLC market without risking their own credit. I was skeptical that they actually sank 50-70k into the house. But after seeing the Utah trip photos compared to those old ones, it does look like they sank every bit of that. It looks like a completely different house.
My one hope is that this sweeeet mountain scene living room survived the reno.
If they're legit, they are going to get majorly screwed by Snowflake's missing payment exploding balloon pie in the face fiasco.
I love how Casey says he got 17k in cashback for repairs in the original purchase and his "progress" photos show that all he accomplished with that was to get the landscaping bulldozed and piled up on one side of the yard. Good job there, Sparky.
@ TV Rots Your Brain
"I guess fliptard ceases the win-win"
Ha! Yes, he certainly did.
Congrats, Casey! I have to give it to you, when it comes to failing forward, you are the master.
its funny that casey actually
allows acknowledgemt that he was too lazy to plan for
a 'iamfacingbankruptcy'domain
but i think he will need some
"how to survive prison for dummies"
book first
I can't believe that the Utah wrap buyers would be stupid enough to put that much money into a house and not take a look at the underlying first mortgage.
Maybe Casey would be stupid enough to miss a detail like that but not the investors putting real money into the place. If it were true, however, the first position lender would be getting a hell of a deal if they can foreclose.
Rob Dawg,
Gold futures are better than a freaking penny stock. I should have said futures AND real gold...sorry man.
Don't be sorry, they are wickedly risky, complex, expensive to execute, fraught with dealer corruption more like gambling than investing types of adventures. That said the rocketships when you are right are often enough to erase the Titanics when you are wrong. They are the highly speculative top few percent of a portfolio meaning that if one of these spreads is gonna cost $1200 with $200 execution you had damn well better have a fat six digits in everything from Series E to insured 2yr CDs to grandma stocks before these exotic tidbits are on your plate. IOW "eat your vegetables and then if you have room you can have a bite of cheesecake."
Great book cover, but I'd have titled it either "It's All Good!" or "Failing Forward". Or maybe subtitled it using one of those as either the main or sub title. But that's just me.
"From King of the World to Bubba's Mursemaid in 8 Easy Foreclosures."
"You Take It Out Up Front, They Take it Back Out In The End."
"All Murse and No Houses."
"Bawling for Dollars."
"Buy, Blog, Buried."
"Pitchman to Wide Reciever."
This is too easy.
@9:24 AM Anonymous
"The common practice of these urban plowboys has been for the new homeowners to black out the windows"
"So as not to attract the attention of neighbors, some drug-growing subprime borrowers have.....turn lights on and off"
While the story is possible, I doubt if it's all that common. It sounds more like a lot of excuses for not slowing down pot sales.
As far as all that is concerned, all they really need to do is rent a dump in the ghetto and leave a far cleaner paper trail.
Whether Casey is having someone help him with the blog writing or not is debateable. After all, who but Casey would come up with this?
I’m kind of tired of trying to strengthen this deal out. Can’t I just ignore it?
"strengthen - straighten". It's the new "loose - lose"!
Wow... so much bullshit to wade through and my lunch is almost up.
I'll just say that Casey's a fucking idiot if he thinks that the mortgage company gives a crap what the purchase contract said. He obviously doesn't understand the first thing about basic contract law.
I think Casey wrote it but he used a spell checker or G assisted.
I think anon@12.02 may have a point. Note the slightly hysterical rhetoric about "our nation's middle-class suburbs" or whatever the official actually said.
Sid,
It may talk awhile, but Casey isn't going to walk away free.
i know.
Nigel-foo [with sweet commentary]
Rob Dawg is the big cheese over at EN. [Hey better to be the big cheese than a big old bag of stale Cheez Doodles like you know who]
He's taken to following me around on the web and posting comments criticizing me. Pretty pathetic. [Gee I wonder who is spending more time posting on his blog and whining about RD and EN than actually making money in real estate]
I wrote about this over at my real estate blog a few months ago as he has been doing this for some time.
[this of course is more important to me than actually making money in real estate, writing in my various blogs and kvetching about how no one likes me]
He's at it again, now subjecting the moderator of the Consumer Focused Carnival of Real Estate with his blustering and frequently misspelled prose. [which amusingly enough is still there, probably because that blog's owner is actually too busy making money in real estate to worry about moderating or defending my reputation, go figure!]
(Funny thing about his writing, he either has fat fingers or can't spell. I submit he's a hunt and peck typist. Either way, sometimes his misspellings either confuse his message or turn it into something he didn't intend, usually with hilarious results.)
[Or maybe RD doesn't subscribe to being one of the spelling/grammar checking police. It's not like being a hunt and peck typist is a big deal unless you're Nigel, who apparently prefers obsessing over typos instead of making money in real estate]
Here's a screenshot of his latest message. Conspicuously absent is comment from anybody else!
[Actually there are other messages being left there, like this sweet one from an anonymous poster:
I've asked this before and I'll ask it again:
Why on earth would I waste my time using the services of a real estate 'professional' like Nigel Swaby who spends so much time obsessing over SEO optimization and blog comments and birddogging traffic from other websites when I could hire some one who has actual expertise in buying and selling real estate?
If you don't believe me, check out Swaby's blog about Casey Serin
http://donthatecasey.blogspot.com/
How much time has Nigel wasted on creating and maintaining that blog that could have been better spent learning and mastering the finer points of your profession?
I thank goodness that I never have to have anything to do with real estate in Salt Lake City and thus can avoid ever dealing with the likes of Nigel Swaby. ]
So now anytime someone says something nice about me on the web, you'll be there to offer your best rebuttal Rob?
[Like RD's the only one?]
You must have an awful lot of free time to take on a project like this.
[Well I know I do because I'm not out there trying to make money in real estate. I can't speak for RD but hey what he's doing is having fun and amusing the heck out of the rest of us.]
If I have "multiple instances of providing questionable advice," surely you could provide one example? I must have missed it, since your comment looked like a blanket attack.
[Okay I'll bite...why on earth is a guy in Salt Lake City offering real estate advice on Kentucky. If I wanted to invest in RE in KY, why on earth would I consult with you over someone based in KY...because you did a couple of blog posts on it? And even if everything you said aboyt KY RE is 100% accurate, what makes your perspective better than someone who has say a lifetime of experience dealing in KY RE but doesn't have a blog or eight...and those are just the ones on Blogger]
Surely you have considered the people you're writing to about me are going to think you're a small and petty man? You have thought about that haven't you? Or are you so full of yourself and your little mob at EN you think anyone actually gives a shit about what you think?
[Geez Nigel if I substituted 'group of RE colleagues' for mob at EN I could easily make the same argument about you, couldn't I? Oh and for the record a lot of us find EN far more interesting than anything you write.]
Since the ENers attack and berate anyone that doesn't agree with them, the group think there has turned into a freaky, Lord of the Flies, incestuous orgy type of thought. Here's a dose of reality for your folks. Nobody cares!
[And frankly what people who aren't interested in EN are free to hang out elsewhere. But apparently Nigel you care or you wouldn't keep posting to your blogs instead of going out and making money in real estate.]
People think you're nuts. The FBI has told you to stop calling. The Sacramento DA's office has done the same. Don't call them, they'll call you... [I'll leave it up to others who have called various law enforcement agencies -- and there are far more than just the FBI and the SAC DA who are interested to refute this point of your argument Nigel. But everytime Snowflake flouts his illegal behavior, he ups his chances of ending up doing a perp walk...there's going to be at least one ambitious law enforcement type who can make a big career move Eliott Spitzer style if Snowflake keeps it up. Unlike you they can profit from following EN and Snowflake's blog closely...or is it no longer possible for you to make more money in real estate than it is to post to your eight blogs?]
Rob, I must thank you for your attention. The result has been the opposite of what you've intended. You claim there are thousands of people in your "greater community," so why only 11 comments on the previous thread of the COCORE?
[Quantity is not necessarily an adequate substitute for quality Nigel. Moreover how much real estate have you made money on lately...hmmm??? Have your blog articles really brought you more money?]
That day you claimed you had 15,000 page views. Surely more than 11 of these members of your "greater community" care enough to bash me on someone else's board?
[Surely you're not as important as you think you are Nigel or you might have gotten more postings than RD did that day at EN? But I digress...what on earth makes you think you're going to make more money and friends blogging about things about which no one gives a flying one than helping people buy and sell real estate?]
I know a few of them were anonymous posts with bad spelling, so could there have been less than 11 unique individuals? I think that's a strong possibility.
[So what if there weren't 11 different people who cared enough to badmouth you Nigel? Or are you really that desperate for attention even if 100% of it was negative?]
Nevertheless, I applaud your efforts at getting my name out there. You're my one man PR machine. Keep it up Big Cheese!
[Note to Nigel notoriety does not equal publicity...you can ask Snowflake all about that one...it's sad that there's another area in which you come second to a criminal dullard.]
Well, at least we know that got to him. Mission accomplished!
Burn the infidel! Off with his head! GRAGH!! Tar and feather the greasy one!! He must pay for his tauntings!
My theory on the whole short sale/foreclosure deal that Casey was bragging about being a stupid move on the banks part:
If they agree to a short sale, the bank is basically agreeing to take a loss, there isn't as much to go after Casey with because they agreed to take a loss on the property. However, if there is a foreclosure, they have a real, involuntary monetary loss that can be used to persecute Casey both civilly and criminally and dig into his mortgage fraud and cash back at closing dealings. I don't doubt for a second that the lenders are working with prosecutes at this point. As far as Casey's losses being small potatoes, yes, the are from a financial standpoint but from a public standpoint Casey as made himself "poster boy for the real estate fallout", I think he will soon be the posterboy for what happens when you commit mortgage fraud, especially when he goes around bragging about it.
I think there is just too much to lose for both the lenders and the government if they let Casey get away with this, it sets a horrible precedent and example. With sub-prime lenders stock prices sagging because of their bad loans, what better way to raise confidence and their stock price by aggressively prosecuting the most high-profile example of mortgage fraud and the "team" that helped him do it.
@ John M
I wouldn't doubt that the lenders are working with prosecutors to make sure Casey is prosecuted. But, not taking the short sale does not likely have anything to do with Casey.
AFAIK whether the bank takes a loss via foreclosure or short sale does not matter to the IRS. Casey will get a 1099 for the forgiven debt either way.
Since the bank is never going to get a cent out of Casey they would be better off getting as much for the house as possible.
Nigel replying to a legitimate question about DHC...the name of which last time I checked was "**Casey Serin** The Alternate Take"
"Are the haterz not part of [Casey] situation?"
Would someone care to explain to me how I (or Rob Dawg or anyone here at EN) made Snowflake watch late night TV real estate 'investment gurus', run up huge credit card debt throwing money at said gurus, commit fraud to 'buy'/enslave himself with multiple mortgage obligations on 8 houses in 4 different states (not to mention taking untold sums of cash back at close), crash the real estate market in said 4 states leaving Snowflake stuck with no income and no way to pay said mortgages, and then blogging about every ridiculous detail? Moreover I fail to see how my contempt for the fliptard's actions is in any way part of *Casey's* 'situation'...there's a reason why I don't post to DHC...because I don't care to share what I think on your largely irrelevant and inferior site. If more people actually cared about what you have to say Nigel they would read and post comments about the uninteresting posts you write at DHC...also your site hit statistics would be higher if you did something which actually interested people at EN. Since your stats are far lower than EN's one can safely conclude that we really don't care about what you post Nigel unless it's an attack on a hater. Sad that not only can you not come up with insightful and traffic-worthy commentary to raise your stats but that you actually seem to spend more time and effort blogging than making mortgage deals which if I recall correctly is what you allegedly do for a living.
"Am I not brought up at the haterz blogs constantly?"
You're only brought up at EN either to respond to your attempts to bait EN people into posting on your site...the vast majority of us at EN don't bother posting to DHC or any of your other blogs because frankly we don't give much thought to you unless and until you either bait or harass someone here. Then we tend to hash it out here and move on to something more interesting (and believe me, there's always something more interesting to read than what you post Nigel).
a slight correction for the perfection in posting obsessed Nigel
You're only brought up at EN either to respond to your attempts to bait EN people into posting on your site *or when you attempt to disclose information on real world EN posters that they have not chosen to post here*
You are free to go birddogging all the info online on any EN poster you wish Nigel, but frankly I don't see how it benefits you monetarily as much as say looking for people who need mortgage brokering services would benefit you. I think you're spinning your wheels and might find watching a mindless sitcom more beneficial than what you do at your blogs, but I'll leave that to your discretion.
Can anyone imagine that anything Nigel has done in the last several months has improved his mortgage business or conflict of interest sales referrals?
He was always a marginal player. He has no experience in either the current or future market. He exhibits misanthropy (look it up genius). His ill chosen profession is cratering at least as fast as his personal position. His conflicted side business of birddogging new home buyers is doing worse than even the mortgage origination or new homes business.
These are the last thrashings of the fish who was unable to shift with the tide.
Nigel just can't leave it alone. He's got some kind of underlying need for attention or acceptance or something. He's like the nerd who gets beat down, but comes back every week for more. If he could take the abuse, after a while you would kind of respect his spririt, but everytime he ends up running home crying. I think he's obsessing over his blog honor that has been sullied at the price of neglecting his profession.
I hope Mrs. Swaby has a better job than Galina, otherwise they're going to be ripping and burning pretty soon.
Rob Dawg,
I like the "making fun of loosers" part under your interests.
@Rob Dawg
Didn't someone in the RE business post here to EN several days ago about how Nigel does the same type of drumming up traffic (and annoying people) for his blogs dance at other RE forums online?
And no I can't see that Nigel's having a lot of success with brokering mortgages, seeking out new/first time home buyers, blogging, making friends/allies online, etc. I think maybe he and Snowflake and G ought to see if they could get a group discount on some therapy.
Occasionally Nigel (and for that matter Snowflake) hit on something that has me laughing with them like the 'first poster' video Nigel found on YouTube. But wouldn't both of them be better off spending time offline pursuing income?
That video wasn't even his find. Somebody posted it here last week. Let's face it, Nigel is suckling traffic off of IAFF, and now EN.
Nigel in a nutshell... failure from his 20's to his 30's, probably fancied himself an entrepreneur who was really good at making deals and not being bothered with details like a good work ethic and personal sacrifice....
so in his 30's he finds himself selling olympic pins... that .com bust looks permanent... now what? oooh real estate!
so he's a guy who flopped for the majority of his professional career got into a bubbleriffic profession, probably made some good money over the past couple years and somehow has translated that money that was handed to him as some sort of reflection of his abilities. it's pretty clear to me that he's more similar to Casey than anything else... looking for that quick and easy payoff and convincing themselves that they are somehow smarter than everyone else.
If it wasn't for his parents and wife carrying him, Nigel would be on the street eating out of trashcans.
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