End of the Casey saga...
First there was this:
In Closing… a Message to My Wife My Dearest G,
I know it’s painful for your to read anything from me and my words have lost all meaning. And as much as I hate, HATE, what Mark V. and Duane L. have done and are still doing with their bully tactics and pointless threats and severe interferences in my life and our marriage…
I have to take a step back and accept that it was I who originally brought all of this upon ourselves - financial ruin, toxic publicity, serious marriage problems.
I’m truly deeply sorry… for all the crap I put your through in the last 3 some years of marriage. I have broken your spirit in a lot of ways and I have left you for MY business and MY financial goals. I disregarded your opinions, personality and desires. I have been a terrible husband.
I failed miserably!
Having said that… I have NO regrets of getting married to you and getting married at a “young age” (according to our corrupt society). You are the only girlfriend I have ever had. The only woman I have ever loved. You are the PERFECT person for me.
I just wish I would not have been so blind….
Please forgive me for everything.
And I know, my words are empty because of all the broken promises and disrespect in the past. If I tell you that no amount of money and fame is going to be worth losing you, you still wont believe me, and I am the one to blame for that.
So I must start taking action. And NOT do it HALF-WAY like I have been - by taking my time with shutting down the blog and contemplating about how I should use the money from the domain sale. Half-hearted auction may be just as bad as no-action.
Thus, I am shutting the blog down RIGHT NOW with this closing post. That’s just one of a million steps in the long road ahead. I will leave this post up for a couple of days and then this blog is going to disappear for good. Forever this time.
Missing you…
Casey Serin
P.S. I know you and other may see this as my usual “spin” or pressure or manipulation. Well, for what it’s worth - it is NOT. Rather a closing message from the heart. The underlying theme of this entire “foreclosure” story has really been my relationship with you. That’s why I want to end on this note. Thank you for your understanding and thank you for your companionship, wonderful moments and beautiful memories. I hope for a brighter future.
***
What can you say about such a public destruction for real estate hopes and dreams? If Casey made himself a public figure for the nightmare of foreclosure, most people feeling this pain are just losing the one house they bought, their own home, not a bunch of properties with dreams of flipping like Casey did. But the personal toll in this type of dropping market is easy to generalize from despite what appeared to be a very personal story.
Meanwhile, over at the new and improved iamfacingforeclosure:
Looking for Casey Serin's blog?
Sadly (or maybe happily), Casey's blog has been shut down by the man himself. He decided it had become too much of a circus and distraction, and an impediment to moving on with his life. So I have acquired the site to make something new of it.
About The Previous Owner
Casey Serin was a self-described "24-year-old would-be real estate mogul." His case was almost the epitome of bad timing, excessive optimism, and unrealistic expectations (as well as lack of real-world experience). He entered the real estate market at the peak of the bubble (mid- to late-2005) as an investor, and got in over his head on eight properties. Casey (by his own account) made heavy use of stated-income and 100% financing to acquire his properties, setting himself up for no margin of error and maximum damage.
Last we checked, three of his properties were sold (not all at a profit), and five were in some stage of foreclosure. He was in debt more than $2.2 million. The FBI was sniffing around, as were creditors and a number of other real estate and foreclosure sharks attracted to the bright light of Casey's spectacular debacle.
In September of 2006, approaching desperation, Casey bought this domain name and started a blog at the site. The aim was to try to sell the properties, find help, and hopefully help others to learn from his example. The barrier was low, since Casey's 9-5 trade was web development.
The blog rapidly became a media circus, gaining early exposure from the HousingPanic blog (which is run by a proud renter, so it is of course still around), which soon spread into mainstream coverage. In this environment, it turned out to be impossible for Casey to actually solve his problems. The fact that the market kept going down, of course, didn't help. So Casey's internet following watched in horror (or delight) over the better part of the subsequent year as every lead that promised to get him out of his bind fell through (even we were surprised). A critical wiki site was even set up to poke fun at what it saw as Casey's sanguine ineptitude.
Finally, determining in July 2007 that all the attention was not helping, and having bigger fish to fry (such as keeping his marriage together, dealing with the FBI, and dealing with multiple law suits and lawsuit threats), Casey decided to shut down the blog and sell the domain name to raise cash.
He followed through on this one (we were as surprised as you are!)
We wish him the best of luck.
***
So do I. It should have been so easy for Casey in an era of easy money: after all, real etate never goes down. And it would be no fun to buy at the top and get in over my head, and then live to regret it. No way out of foreclosure, despite trying to fashion a feel good story in every way imaginable, but none of them executed with the necessary panache or dexterity.
Meanwhile, no matter what the troubles in the States that a guy like Casey becomes a scapegoat for, I still run into people who share the opinion that no matter what you spend in Victoria, you can't really go wrong. Not only that, but waiting is dangerous, it will just go up further, and soon.
Personally, I wouldn't want to pull a Casey, though, that's for sure.
That would be different though, I only plan on buying a couple houses and two or three condos to start off. and it's not the top of the market here anyway.
Is it?
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