Infamous Real Estate Investor Casey Serin Puts His Web Domain On Ebay
Many of you might remember Casey Serin from a few years ago – a young man who watched too many late night infomercials and bought too many courses from gurus who taught the so-called “secrets” of making the big bucks in real estate – a young man who ventured out and purchased and eventually lost some eighteen or so homes, many of them to foreclosure. He went from zero to negative hundreds of thousands of dollars in no time flat.
Casey was quite the character with his online accounts of his impending doom on his blog Iamfacingforeclosure.com – a blog where he chronicled his dealings on selling his houses by short sale before the lenders foreclosed on them – to an audience of not-always-so-adoring fans who would post some rather scathing comments on his blog with great regularity. His day-to-day existence was a source of vicarious pleasure for many – a lot like witnessing a train wreck in slow motion.
His blog provided such a detailed account of his obvious repeated instances of mortgage fraud that it ultimately had to come down, it was just a matter of time. Oh there’s much more to that story – you can Google it – and to be honest, I’ve forgotten the bulk of it already. Honestly, I thought Casey was off the stage. For good. Forever.
He has gone through some various machinations chronicled in Wikipedia – and his last gasp of public persona might be the sale of the domain that he set up ostensibly to blog about penny stocks, as evidenced by his listing on Ebay. I guess when you’re no longer detailing your crimes in real-time, nobody really cares anymore.
Casey’s tale of woe was the type of a story that needed a Howard Beal kind of crescendo and ending – perhaps streaming video of the Feds breaking into his apartment to take him away Elian Gonzalez-style, or something else equally as riveting and bizarre.
No, it’s finally over for Casey. He rode that pony of fame for all that it was worth – and he did his little part to help fuel the housing bubble that eventually busted and started the avalanche that would thrust the world into a recession. In a game of musical chairs, Casey was one of those guys still standing when the music stopped. I guess the taxpayers will pick up the tab for the carnage… and Casey will get the few pieces of silver he can for a domain name nobody will care about in a few more years.
I mean no ill will towards Casey. I’m not hating on him. I can understand how a young man could buy into the idea that real estate investing was easy – a no brainer. After all, we’ve seen those late night gurus… and if they could do it, why not Casey?
I hope Casey finds a fruitful means to make a living – whatever that might be.
Smithers says:
Just curious. Will the realtors(R) and loan brokers on those 18 home sales surrender their commissions made on Casey’s fraud?
December 11, 2008 — 10:37 am
FutureShock says:
If you really want the TrueCasey™ story check out http://www.caseypedia.com.
December 11, 2008 — 11:40 am
Dan_N says:
I don’t know to much about his story but sounds like he was very brazen about his experiences especially since it sounds like some of the things he was doing was not so legal.
December 11, 2008 — 1:55 pm
Oscar Thibidoux says:
Ouch! I know that the story is somewhat amusing. But, I can feel his pain. I admire his nerve. However, although there is a lesson in this, I feel that we should continue to dream.
December 11, 2008 — 3:12 pm
Thomas A B Johnson says:
At little less late night television and a lot of violin lessons would have served this one well. At least he might have learned that your have to make a move on the chair-the maitre d’ is not going to hold it out.
December 11, 2008 — 3:49 pm
Ney says:
It seems like CS still has much to learn and grow up. I don’t think he will ever learn from his mistakes. I remember years ago right after he sold his first blog, he began working with a so called “foreclosure investor.” Apparently that did not bring him quick profits as he expected either since he has recently been involved in the stock market.
Hopefully he will learn soon that hard work is the type of work that really pays big profits.
PS: It is very odd that the top bidder for his website on eBay is the same top bidder for his “autographed blue ball.” Could he be bidding on his own listings in order to get higher bids? Could this be an eBay overpricing fraud scheme?…….=)
December 12, 2008 — 2:43 pm
Ron Ares says:
Yes, when @CaseySerin followed me on Twitter, he got a quick Block. Not in the market for domain names, juice recommendations, or investment advice.
December 13, 2008 — 10:29 pm