Yes, it's Mortgatge Elimination Man! Strange visitor from a third world shithole who came to Sacramento with powers and abilities of loosing houses far greater than those of mortal men! Mortgage Elimination Man, who can wreck the value of anything he touches, bend (and sometimes break) contracts with his bare hands, and who, disguised as Casey Serin, mild-mannered occasional valet-parker for a semi-great Sacramento restaurant, fights a never-ending battle for scams, injustice and turning America into third-world nation.
And now, another exciting episode in the Adventures of Mortgage Elimination Man!
YES. He's Baaaaaack!
And by the look of things, he's now restyled himself as "Mortgage Elimination Man," more than likely hoping to sell some of the otherwise freely-available "advice" about Mortgage Elimination, a scam that apparently begins from the presumption that money is not real, therefore the mortgage never really existed, therefore, it can just be eliminated. We're not sure what the proponents of this system propose to do about returning the house to the original owner from whom it was purchased with money that isn't real, but that's the kind of question that only details guys like us would ever be concerned about. (In fact of the matter, we wouldn't be concerned because we'd never let ourselves get into that situation in the first place.)
According to posts forwarded to us primarily from his Facebook Wall (to which we have no access), he seems to be:
- Involved with Aaron Krowne, the current owner of the old IAFF site, and a true nutcase.
- Still interested in pursuing the Island idea, and apparently has one supporter who has similar goals. Funding pending.
- "Couch surfing" around Sacraemento, which we take to mean that he's not welcome at home, or at least not on terms that are acceptable to him.
There is also some evidence that he is planning to provide advice based on a "produce the note" strategy that has worked at times. If that's his plan, we have some bad news for him: First, most lenders have gotten much better about getting their ducks in a row, especially given the long current lead-times to foreclosure. Second many courts are denying that defense when it's clear that the problem is only a technical one, not a real question of note ownership. Third, and most important, we're moving to a new phase of the foreclosure crisis. When Casey lost his houses, the problem was in subprime. These were mostly crap loans given to crap buyers for crap houses and often the paperwork was crap. Today's foreclosures are much more focused on the prime interest-only or option-ARM loans that were typically better done, typically during a less frentic period in the market and were less likely to have been securitized, sold or reassigned, meaning the paperwork is in better shape. Finally, the word on this strategy is out there. Nobody needs to pay a lazy bum like Casey to "help" them with it.
But really, Casey's strategy is always the same, to the point where it's kind of boring:
- Make fool of self on blog
- Riches and fame
Casey just hasn't figured out the second step yet.
We note that "mortgageeliminationman.com" has recently been registered.
[Note: within a few hours of our observation the site came live. Casey is still an idiot.]
We also note that morgtageeliminationman.blogspot.com and mortgageelimnationman.blogspot.com have been taken, the latter and maybe both apparently by Haterz™. The Haterz™ blogs, of course, are sure to be more entertaining than the real thing.
And that's the breaking news from FalseCasey HQ, where things are otherwise quiet on a Friday night.