Wednesday 16 May 2007

I Am Facing Foreclosure

Casey Serin is a 24 year old 'would-be real estate mogul' from Sacramento CA. After spending around $30,000 on real estate 'guru' courses he bought 8 houses in 8 months in 4 states. But he made some mistakes. He tried this near the height of the housing bubble.

He also purchased the eight homes by lying on mortgage applications about his income. Now, he's trying to stop foreclosure, and he's still trying to repay everyone. He says he blogs about his adventures to help others in trouble.

I'm not sure this is all for real. He could be making this up. Why would he share his financial details with the world and risk being embarrassed, criticized, or made fun of.

2 comment(s):

Miss Cellania said...

If you bought a house with someone else's money, and you don't live in it, foreclosure is not the worst thing in the world.

Anonymous said...

This is several years old. No it is not made up. He doesn't have any more houses left; they are all foreclosed.