Circling the Wagons?

Neighborhood Dot reports on CI this morning that the Serins seem not to be out completely. The cars are still there, as is Steve's motorcycle. However, the Miata convertible that some haterz believe to be Steve's is no in the driveway up on jacks, with bricks to block the thing from rolling. The motorcycle blocks access towards the front of the house. The Nissan blocks the side.

Seems that they are circling wagons and trying to make it difficult to remove them, or even to approach. How this is going to help against an armed Sheriff's deputy (who knows, maybe even AngelTits' husband???) handing them an eviction notice and telling them they have 24 hours is unclear.

In the meantime, Casey has followed up on the removal of the Island2012 website by removing the serin.us website as well. In the past it was a redirect from his Iamfightingforeclosure (IAFF2) site. All the content, including a classic "bankruptcy is beautiful" post, is now gone. Perhaps a response to the fact that he fought foreclosure and apparently lost.

But none of this should be a surprise. In the past, Casey's standard mode of operation has been to have a lame idea, throw up a website promoting it, dick around for months by going off on ridiculous tangents like trying to avoid foreclosure by drinking fresh juice or cleansing his colon, then realize at the last minute that a wave was crashing in on him, skip town, and quietly remove any of the websites, pictures and other evidence from the web, while whining about needing privacy. Once again, he found a lame idea (mortgage elimination/foreclosure avoidance), tried to portray himself as an expert, failed miserably, and is slinking away.

The difference, this time, is that his lame idea has cost his family their house. They could have kept it, had they not failed to follow through on the terms of their bankruptcy. Now they have both a bankruptcy and a foreclosure on their credit records, and if they aren't out of there fast, they may yet have an eviction recorded against them soon enough. That latter one will make it virtually impossible for them to ever rent a place.

Perhaps Casey isn't going to be the first of the Serins to live in a van by the river?

And that's the way it is here at FalseCasey HQ, where the sun is shining bright.

It's a Bird... It's a Plane... It's... Mortgage Elimination Man!

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:

1. Involved with Aaron Krowne, the current owner of the old IAFF site, and a true nutcase.
2. Still interested in pursuing the Island idea, and apparently has one supporter who has similar goals. Funding pending.
3. "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:

1. Make fool of self on blog
2. ???????
3. 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.

Thanks Son, We're Broke!

The details are in and it's clear that the Serin parental units have filed a Chapter 13 bankruptcy petition and repayment plan, apparently to avoid foreclosure on their house, trampoline and Casey's guest cell in the basement.

Reading through the filings, it's tough to say how much of the amazing credit card debt is related to Casey, but we believe a significant proportion of it is. Obviously, we have no way of knowing whether it's that debt that pushed them over the edge, or whether it would have happened in any case. But its clear that a chapter in Casey and his family's life is now over. For now, the foreclosure proceedings against them have been stalled, maybe for long enough that his sister will be able to finish high school before they are forced to get out. Life will continue.

Sadly, life will also continue in a manner that allows Casey to mooch for the forseeable future, which is too bad.

The filings:

Bankruptcy filing and attachments

Repayment plan

Repayment order

And that's the way we are at FalseCasey HQ, where we still think it's better to rent right now.

MyParentsAreFacingForeclosure.com

It looks like the end is near for the Serin family's property-owning days. According to the Sacramento Court records, the Notice of Default on their property has been changed to a Notice of Trustee Sale. This typically means that sometime in the next month the guy in the funny hat outside the courthouse will auction off the Serin home, just as he did with one of Casey's properties way back when.

We're not sure what Casey will do then. There has been very little leaking out about this and his Facebook wall has been invisible for some time. There was some discussion in some circles about the fact that Casey's debt was at least 10% of his parents' obligation, and while there's no real corroborating evidence, that seems about right to us. How it might be impacted by a parental bankruptcy is unclear.

Prior to going blank on Facebook, Casey also alluded to possibly traveling and leaving the country for a while. He was discussing WWOOFing as one possibility of getting to the island of his dreams, and also mentioned something about some guy with big plans for an island resort in Fiji who was going to hire him into a great "opportunity." It's unclear if any of this came together.

What is clear is that the Serin parents will be renters for a long time to come, probably in a more modest home which won't have space for a moocher in his own bedroom. Casey's future looks like it'll involve sleeping on the sofa in some 2-bedroom condo where his parents and younger sister each get a room and he gets told that he can have his own space when he gets a job and pays for it.

For Casey this will be a major disaster. Sleeping on the sofa will mean rising at a normal hour with the rest of the family. It'll mean no late-nite blogging and Facebooking. It'll mean no getting high and acting stupid. And it's now winter, so sleeping in his vansion in the inaccessible snow-covered foothills will no longer be an option.

It sucks to be Casey's family in the best of times. While we have our quibbles with the way they've handled the boi, we do wish them well through their hard times. It sucks even more to be Casey though, but at this point we find it difficult to wish him anything but the roughest of times as he has clearly earned them.

Finally, we wonder how Casey missed the opportunity to start a blog about all this?

And that's the way things are at FalseCasey HQ, where we're late but had to stick around long enough to pass this news along.