The “I Am Facing Foreclosure” Saga

by Silicon Valley Blogger on October 28, 2006

casey serinLast I checked, Casey Serin was having a ball with the current events in his life right now. His life is almost as dramatic as mine has been this year (although I’d rather not divulge all my own personal details here) but the roller coaster he’s been on must sure be thrilling, especially when you’re about to meet your hero, Mr. Robert Kiyosaki himself!

A lot of people are speculating on whether Casey is for real or another Lonelygirl15 type sham — after all, one moment he is talking about his depression, living on the edge of bankruptcy, his limited prospects and foreclosure deadlines. Then the next moment he’s chattering about his friend’s Rich Dad and a new project, and of course the 15 minutes of fame he is receiving from the media locally and nationally.

Can anyone really have such a life as out of control and extreme and wildly paced as this? Then I think of some of the things I’ve gone through and I say…. yes.


Then there was that almost too perfect blue photo of him on top of an exercise ball. What am I to make of this guy now? Earlier on, I was sympathetic about his situation when I first caught wind of his story; now I’m definitely sensing Casey becoming a bit of a media “hog” (using a euphemistic term here). But who can blame him; he’s enjoying the ride while he can — who wouldn’t? Just another boy basking in the limelight brought to him by some form of notoriety.

One thing though, I am impressed by his ability to spin his stories and to keep generating content compelling enough to rival primetime. Perhaps that’s what it is — his is a financial soap opera. Riveting, unique and uncommon enough that it pulls you in: how many times do you see a financial disaster or rags-to-riches-to-rags tale unfold right before your very eyes? Will he manage to squeak out of his ordeal?

I’ll be following this guy’s story indefinitely. I am just wondering how it will all end. Maybe I’ll even check into his foreclosed properties. I must admit that a year or two ago, while home prices were peaking, I ruminated about joining the real estate investment frenzy zeroing in particularly on Sacramento, Stockton or Modesto, which are somewhat of a stone’s throw from where I reside give or take a couple of hours. I had hounded my own brokers for listings on properties in those areas. But the huge runup in prices was too much for my contrarian senses, and I eventually shelved the thought. I’d wait for another time.

With foreclosures on the rise, now would be a more apropos time to buy in; but there should be blood on the streets first, and what better way to hear about that than from soapboxes like Casey’s.

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The Bailout Edition: Bankruptcy and Debt Carnival Number 6!
October 13, 2008 at 11:31 am

{ 8 comments… read them below or add one }

1 Darin Frantz May 17, 2007 at 8:28 pm

Hopefully Casey will be able to counsel other home owners and give them some help to stop their foreclosures.

2 EnTrust September 21, 2007 at 11:07 am

I believe Casey has since sold his website.

3 Richard Geller February 17, 2008 at 9:00 am

well, it’s still an instructive story about foreclosure that is written well. Things work out one way or another.

–Richard

4 Real Estate Guru March 11, 2008 at 3:58 pm

I wish Casey all the best and hope that it doesn’t end in foreclosure.

5 Silicon Valley Blogger March 11, 2008 at 4:39 pm

@EnTrust

You are right, his web site is kaput. But this was an old post, written back in the day. Thanks for pointing it out though…

@Real Estate Guru,

Unfortunately, Casey already foreclosed on all his properties and is facing a massive debt nightmare. Wish him luck. Pray for him too.

6 cassiano travareli October 9, 2008 at 10:06 am

Well Casey has to watch out, he is not aware of the danger he is in. The way are economy is he is not the only one falling!

7 irenehoughtaling January 6, 2009 at 1:16 pm

The bailout is for the banks not for the people………………The people should have received the bailout…………… if your credit is no good no one is going to give you a loan…….
they do not care………………………………………………………….

8 jax March 19, 2009 at 8:35 pm

Here is the set of videos I saw on CNN or ABC about foreclosure and the ‘produce-the-note’ strategy.

Produce the Note videos.

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