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| Casey Konstantin Serin | |
|---|---|
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| Born | September 10, 1982 (age 25) Tashkent, Uzbekistan |
| Residence | Sacramento, California USA |
| Occupation | Speculator |
| Website | iamfacingforeclosure.com |
Casey Konstantin Serin (born September 10, 1982 in Tashkent, Uzbekistan) was a real estate speculator and blogger. In a newspaper article, USA Today called him the "poster child for everything that went wrong in the real estate boom". Serin immigrated to America in 1994. In his early twenties, Serin worked as a web developer, but then decided to quit this job to pursue his dream of becoming financially independent through real estate investments. Beginning in October 2005 and continuing through the following year, Serin purchased eight houses in four southwest U.S. states, and then began blogging about the foreclosure process on the properties he was unable to resell. In time, six of the eight properties foreclosed.
He flew to Australia in June of 2007 for several weeks, leaving his wife with little or no financial support
As for his real estate investments, Serin acknowledged to the Sydney Morning Herald that "the stuff I did is technically mortgage fraud, but it's not officially called that until someone prosecutes me and proves that that is indeed mortgage fraud," asserting a presumption of innocence. On the Jon Ronson show, Serin confirmed his use of so-called "liar loans". On July 11, Serin disclosed that he was under investigation by the FBI.. In an interview conducted by ABC News, his attorney reported that Casey Serin is under investigation by the FBI, but "no charges have been brought against Mr. Serin. However, based upon conversations with the U.S. attorney's office in California, federal charges related to Mr. Serin's real estate transactions are expected to be brought against him" .
After staying offline for a few months, Casey Serin has resurfaced as a partner of Damion Lupo (author of Maverick Mistakes in Real Estate) on ForeclosureHelpBook.com. This partnership dissolved in October 2007. Casey resurfaced with a new blog, EscapeMyHouse.com, which was taken offline in November 2007.
This article by Ashley Drake Gephart, REALTOR of Albuquerque New Mexico gives an excellent insight to what's happening across the United States in Real Estate - how long is it really taking for homes and condos to sell? She explains how numbers must be understood within their context. She also gets updates from REALTORS across the United States
Just for Fun - this series showcases local bronze artwork submitted by Albuquerque NM Real Estate Agent