I wonder how much money he makes from advertising on his blog. Obviously not enough to pay off his debts....

Hell, I hadn't heard of him until now and I already hate him.

His blog appears to be down at the moment...

Or... he could actually be enriching himself by setting up a company (LLC) that takes his blog revenues; all the while planning to declare bankruptcy later on while the company keeps making money.

Seriously, this guy is dumb and greedy; and bad things happen to overly dumb and overly greedy people.

I, actually, am glad 8 (bad and possibly predatory) home-loans were given to him; that makes 8 (bad and possibly predatory) home-loans that didnt go to other people who may not have been as deserving.

In the words of Nelson from The Simpsons: "ha HA!"

Waaaa... I speant way beyond my means and now I have to face real consequences for my actions.

Whatever. Get a job... hippy!

If you visit his blog, you're contributing to his addiction. Avoid it and shun him. He's not going to pay back all that money -- he's going to pass it on to someone else, most likely the honest working folks of this country.

I don't know his name, I don't want to know his name, and I think he's an unethical, immoral ass for his behavior.

@quagmire0: And this is EXACTLY what I was thinking of writing (although without the attribution).

I'm amazed this loser isn't in millions of dollars of debt. 8 houses and only $170k? Are they trailers or something?

Why is this story even on here?

Ugh, the guy has a wife. GAK! What's HER deal? He should be selling pictures of his properties on ebay. I never would have believed that the intricacies of the human genome could produce such an amazing specimen of a douchebag, had I not seen it with my own eyes. He's an even bigger asshole than the husband of my friend's daughter, who barely got a minimum wage job at Best Buy but claimed he was up for a promotion that would net him $230,000 a year, plus bonus.

This guy sounds like a world class douche.

Well for one thing, he could stop wearing three shirts at once. That would save some dough.

What a major-league asshole. I sure hope he and his wife don't procreate -- I would feel very sorry for that kid. "Sorry we can't afford food or diapers, but I'm off to Tahoe! See ya!"

Dude, you are SO emo!

Wonder if he sells pictures of iPods on eBay...

@Emor8t: He is millions of dollars in debt.

mopar_man--

TC is the poor man's Slashdot. I'm sure that we generated at least a few hundred hits for his blog.

Emor8t--

The houses have been foreclosed, so he recouped some of the debt.

Listen, $170K is crappy, but not the end of the world. It will probably take him 10 years to pay that off, assuming he finds a job that will pay him $30-40K a year. He screwed up. A get rich quick scheme isn't gonna fix his debt problem in the short term.

I think it's a hoax. His blog is designed for maximum traffic generation and he uses every trick possible to get click throughs and page views. I seriously think his situation is highly exaggerated if not entirely fictitious. I'm seeing more and more 'advice' and 'personal tragedy' type blogs that are nothing more than thinly veiled SEO spammers or the click through revenue cash cows.

"I don't understand. Why aren't any of my get rich quick schemes working??!?"

He's gonna LOVE how the IRS consideres forgiven debt (such as the amount lost by the banks on their reposessions) as income...

This guy pisses me off. I felt bad for like, 3 minutes. But he keeps eating at Macaroni Grill and then gets upset when people call him on it.

And he still RENTS A PLACE even though he has no job. Here's a hint, dumbass, LIVE IN ONE OF THE HOMES AND MAYBE PAY FOR THAT INSTEAD. Try taking a day job, too. I know my $30K job might be below your high class tastes, but I don't owe my life to the bank, so who's the real loser?

If he was truly sorry and learned from his mistakes, I might again feel bad. But he continues to be an idiot. He'll file for bankruptcy, and we'll all pay in the long run. Eff you, bud.

@MagicJewball: I laughed into my yogurt!

Someone please slap this kid with a good dose of reality. He needs to get a real job and stop trying to be the next Donald Trump because it ain't gonna happen.

@revmatty: Oooh, good one. Maybe it's somebody's little online psychology experiment. I have come across a couple of those.

Anyone seen the MTV True Life about bankruptcy? A 23 or 24 year old girl declared for bankruptcy and went to meet with her debt counselor with a $4 coffee.

Ridiculous!

Also, he's gonna love finding out how judgement proof he really IS when the banks read this and decide to go after his blog add revenue.

@missbrooke06: yes, that was ridiculous. she didn't feel like paying her $400 a month because she wanted to move out of mommy and daddy's house. if i were her parents i would have slapped the crap out of her.

I can't work up a good hate for someone that pathetic. It's just not worth my time.

But if he's addicted to the attention that he's getting throughout the blogosphere, by posting a link to his site, aren't you just enabling him further?

"the attention feeds continued bad behavior."

You mean attention, like articles on The Consumerist? That kind of attention?

Lemme guess--it's "somebody else's fault" he's in this mess?

What an idiot. How'd he end up with the smoking wife though?

@missbrooke06:

No I didn't. There's nothing but trash on MTV and VH-1 so I don't even have those stations programmed into my TV.

Are we still talking about this? Doesn't everyone know the best way to make something go away is to ignore it?

OK, I peeked. Looks as if his wife is getting seriously pissed off. Maybe she'll ditch the loser.

Or maybe his next get-rich-quick scheme will be inspired by watching "Indecent Proposal".

Slusy: Jinx Jinx :)

I'm thinking he's the one selling the "pictures of iPod" on the eBays.

@gorckat:
AH! Beat me to it.

@KF4: Me thinks she smelled the money

@CatMoran: "I can't work up a good hate for someone that pathetic. It's just not worth my time."

But ... but ... there's so much free schadenfreude to be had there!

Haaaa, I can just imagine this 'tard making calls to find a buyer for that casino.

Ya know what? I've decided he's awesome and I back him. I'm going to go give him some money right now, at least if he's willing to put a shoe on his head or degrade himself in some other way.

Is the story is true, he sounds like a complete fool. For starters, you don't get more than 3 at most to fix up and sell, second the real estate market is in shambles right now, any person who has picked up a newspaper in the last 2 years or been on the internet should know by now.

How would he get those loans though? I know people who can't get small loans, let alone multiple mortgages.

These get rich quick schemes don't work unless they are scams, and if they are scams, your integrity has to be really low. Also, for someone with no job and apparently now enough money to keep properties from foreclosing, how could he buy a new camera and go off on a vacation? I mean wow, most people can't do that and they have real jobs.

Let us not forget his criminal behavior of intentionally lying on his mortgage applications, or the fact he has refused to get a job in over a year. What about his wife who cleans houses just so they can eat? Meanwhile he is at home doing nothing. I am surprised she even stays with him after all this garbage.

To me, he seems like a straight up fool, he seems lazier than people you could have thought were horribly lazy, and an embarrassment to the name Casey.

Honestly, I think people should stop talking/posting about this guy. He LOVES the attention, and the attention earns him advertising money. The more ad money he gets from the blogs and the media, the less likely he'll ever be to either A) realize the extent of his problems or B) get a real job.

he should take pictures of his houses and sell those pictures on ebay. get rich real quick!

I'm no shrink, but most of these get-rich-quick, would-be entrepeneur types (at least the ones I've met) have bigtime delusions of grandeur. Legends in their own minds.

It's not a hoax. A check of public records will confirm that.

I've been following him since the blog started. Along the way he's gotten great advice and he's ignored all of it.

This guy won't stop borrowing money until he's in jail. After he trashed his personal credit, he bought (with borrowed money) an aged shell-corp (Hammar Investments) and in the last money started using that to get and use corporate credit. He paid back rent with corporare credit, took a vacation and bought a couple toys like a $600 camera. All things you can't legally do with a corporation and it's credit facilities.

The guy is a compulsive-debtor. He's lazy and refuses to get a job. He sleeps half the day away without a care of how many creditors he's screwed over. He's only concerned for brief periods when it looks like the debt-train is going to stop.

He's come to the attention of several law enforcement agencies but has yet to be charged.

The real story and facts surrounding Casey Serin can be found here;

http://exurbannation.blogspot.com/

Ugh, I have been reading his blog and feel like I need to take a shower. What is apparent to me immediately is his ridiculous sense of entitlement.

i think this guy's case is interesting for two reasons:

1) you know all those late nite infomercials on tv about increasing your net worth thru real estate? that's where this kid got his ideas. why is this important? as stupid as this kid was for trying to do what he did, someone else is making a buttload of money simply telling people to do what he did. some of what they say is unethical & borderline illegal.

example: check out this story on ross whitney, scumbag of the universe:
http://select.nytimes.com/gst/abstract.html?res=F00D11FA35...

2) there's some insight into the young kids out there & what their world is like. many of those in generation y (most original name for a generation yet) find themselves in low-wage, low-skilled work with little or no chance at advancement. even college graduates are working menial jobs just trying to get by. when they see their parents working 20+ years in a job only to get laid off & have their pension pulled out from under them, that can really change a person's (& a generation's) perspective.

strike up a conversation with a young kid (early 20's) these days - it's really an eye-opening experience. these are the kids that are going to be impacted by rapid economic & social decline when they grow up. not exactly somthing to look forward to.