Bad Money Moves And The End of Casey Serin

by Silicon Valley Blogger on 2007-03-128

It’s the end of Casey Serin. Over here anyway.

I’m a bit exhausted over the material I attempted to put forth here last week and I am just glad that with this post, we conclude our “I Am Facing Foreclosure” discussion. I hope you were able to pick up more than just a few things from the various financial topics that I covered these last few days.

As a recap, here were the posts from this foreclosure story’s themed week that was:

I didn’t realize how challenging a subject this fellow was going to be, but just checking out the sentiment on his own site shows you how he elicits strong, visceral reactions from people. Here are my parting words on this matter: if you don’t want to have this happen to you….

With my credit ruined, my reputation tarnished, my behavior sharply criticized, my past dug up and exaggerated, myself and my associates verbally abused, and even my family being stalked…WHY do so many of you think I still deserve to go to jail?

then heed the following pointers. Yes, there’s so much to be mined from this story.

Some Final Financial And Life Pointers To Take Home From “I Am Facing Foreclosure”

#1 Don’t lie on your loans ever.
Technically speaking, by doing so, you are committing mortgage fraud.

#2 Don’t publish details of how you are handling your finances irresponsibly.
If you publish details of living your life in an irresponsible manner (e.g. refuse to get a regular job in the face of armageddon), public sentiment won’t be pretty. People will no doubt enjoy bashing you and your decisions if you are perceived to be consistently performing callous acts that take you on the road to financial suicide.

#3 Be popular for the right reasons.
If you’re looking for attention, attract the right kind. Once the media feasts on a story and begins to reward someone for their notoriety, it’ll be just like what has happened to Paris Hilton and Britney Spears. There could be some kind of train wreck effect going on here.

#4 Be careful about what other things you divulge to the world.
Any material you bring out can be subject to scrutiny and opinion. The public will judge whatever comes their way and that will include people or things you’d rather keep away from the fire. If you’re a controversial subject, you may want to keep other people out of your limelight.

#5 Pay the piper. Get punished for your sins, like right now.
Okay, this may not necessarily be feasible or desirable for you. However, if you have sinned, showing remorse, humility and attempts to make things better for you and everyone involved can help alleviate the ire of the public eye. Unfortunately, some people are hard to please and will only be satisfied by the ultimate sentence of hard time and punishment.

I still think that there’s something to be said for owning up to your sins, or crimes, however you may want to look at it.

On another thought, since we’re on the subject of crazy financial moves, here’s the story of another guy: Ashley Revel, the guy who bet his entire life’s savings and property on the spin of a roulette wheel. He’s just another fellow who was willing to put everything on the line to make it big. Except in Ashley’s case, he won.

Caveat: This is an utterly insane thing to do of course.

Copyright © 2007 The Digerati Life. All Rights Reserved.

{ 4 comments… read them below or add one }

Golbguru March 12, 2007 at 10:24 pm

Sometimes I think Casey Serin never intended to make money from his real estate dealings. May be his real intentions were to attract a lot of public attention to his blog by consistently doing something stupid. It’s not just limited to his blog…I have seen his comments on some blogs and mildly put they were outrageous statements.

So, may be #2 and #3 reasons above are working in his favor for the time being. Take a look at his sitemeter stats…he gets like 5000~6000 hits a day…and beats some of the best personal finance bloggers out there….just by being a stupid bum.

A conspiracy theory for you 🙂

Silicon Valley Blogger March 12, 2007 at 10:53 pm

That’s why I ask, is he for real? But it turns out that the newspapers checked out his stories, background and properties and it turns out to be all true! Btw, many have threatened to pull down his blog and he’s had problems with using google ads so it’s not necessarily blogging for monetary value really. Fame? Well, destroying your life, reputation and credit is surely not worth it! So I can only surmise that Casey is really the way he is, thinks the way he does and is truly one unconventional person, to put it mildly.

Soem Dood May 21, 2007 at 7:25 am

After tiring myself out trying to figure out what the heck this dude Casey Serin is actually up to, I finally found a place that catalogs his activities, history, associations, and purpose.

The site bills itself as “the leading semi-satirical wiki about foreclosure blogs”, and I’d say that’s accurate, given the predictably rather vertical market for “semi-satirical wikis on the topic of foreclosure blogs.” Still, it’s a good read.


Casey Serin

ilikereylestate June 3, 2007 at 9:18 pm

i think his blog was shut down due to the fact that someone posted an online petition that allowed any users who signed in to leave their email and sign an email box to petition the fbi to open an investigation on him. there was like 83 users who signed it. i think the site was created on april 7, 2007. the fbi encourages us to all become whistle blowers for technical law issues. its all academic and im not the only genius who pointed this out. its all about greed and the incompetence of a small few who control the mortgage banking industry.

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