This will be a long post. Brace yourselves. Hopefully, you’ll find it worthy of your time.
A couple of days ago, someone discovered the Serin Family Residence appeared to be in some sort of trouble. It seemed at that point that they were facing foreclosure.
Which shouldn’t be an issue when you have someone like Casey Serin as your son. I mean – he’s a RE expert, so he should be able to save Ma and Pa’s home . Right? Right?
Well, apparently, not quite. At least, according to the Internal Services Agency County Clerk / Recorder of the City of Sacramento
If you look closely at the document title – it’s a trustees’ sale. Now notice the book number.
20100112 – > January 12, 2010.
The following is the investigative work of a group of persons who wish to remain anonymous, but are to be commended for their dedication and hard work. All information has been obtained from Casey Serin’s own blog, Facebook wall and his Talkshoe recordings – documents which are or were in the public domain. No innocent mammals were hurt during the writing of this post.
This new information basically means that mom and dad have failed to make the payments on their home, and have been notified it’s about to be placed in a trustee sale. An eviction notice is not that far away.
Which brings us to some very interesting conclusions regarding the future of the Serins.
Here are the facts we know.
- Casey cashed out the last of his GSPG stock – $10K.
- He mentioned a couple of months ago he was “2 years ahead of schedule” regarding Island 2012 (his plan to buy an island by 2012 and form a community).
- He worked as a valet for a while and quit his job.
- Dad and mom never made payments on Casey’s “high interest” debt, even though they signed as collaterals.
- Steve is now in the army, away from home, after closing his blog – where he openly criticized his brother.
- Casey was served a summons for collection of debt ($5K).
- He started pimping something called “Freedom Club USA” one month ago. Apparently he paid them $300.
FreedomClubUSA: their motto is “Convert debt to cash”. They are a new age / scam operation that promises you can get a payout from your Banks 56 times your debt (“Secrets they don’t want you to know” type of stuff).
Trustee Sale: A public auction open to all bidders. 3 months after the Notice of Default is sent by regular and certified mail is the limit for making any payments, after that time the house goes to said sale. The address, name of owners and a description of the property is published on newspapers before the sale.
Mom and dad Serin: Mom has always supported Kostya’s hare-brained schemes, but since ma and pa are about to become renters instead of owners, Casey’s future at home is pretty uncertain. There are many questions left unanswered: When did they learn they’d end up in foreclosure? What did they tell their sons? And how was everyone supposed to be helping?
Steve Serin: ran a blog for a while (escapemybrother.com) where he openly mocked his brother – for a while. Suddenly he had a change of heart and decided to close it up. He’s a decent, hardworking fellow who used to sell salvaged cars and is now in the army.
What may have happened.
Ma and Paw are suddenly surprised by the NOD that just arrived via certified mail. Boi-Toi-Genius Casey Serin tells them not to worry – he’ll take care of EVERYTHING (since he’s an expert at Real Estate). They decide to stop paying and start saving instead for several months of living expenses and a deposit for a rental, when they lose their home.
Casey becomes “overwhelmed” (as it always happened during IAFF, when he left for Australia, Tahoe, etc.) and drives his Vansion to Yankee Jim’s. He decides he needs to save the family home, so he does what he knows best – gets stoned and does nothing. One night, he thinks he sees a meteor flying high up in the sky, with its fiery tail and loud sonic boom, and decides HE’s gonna buy an island with OPM by running a scam, taking his family along with him. Although, in retrospect, he may have hoped just to raise enough money to pay for the family home and forget about the island, since one of the things he emphasized the most was that there were to be “no guarantees” about anything.
Father walks out of the presentation, mom gives Casey $10 or so. Casey presented the island as a solution to their collective problem of where to live / how to pay for their home, not as a business plan where he, himself, would start a new community. This is the reason why mom and dad never intervened – they believed their own son may save them from foreclosure by scamming people using a pyramid scheme.
Steve Serin decides he needs to protect his family from prying eyes, and decides the best way to deflect attention to them is by mocking his brother on his new blog – escapemybrother.com. The tactic works, and Casey’s “fans” don’t find out about the NOD. Meanwhile , Steve realizes his brother is truly an idiot, and joins the army, finally getting rid of Casey. This fits the 3 month timeframe between the NOD and the trustee sale.
The Island stuff doesn’t go anywhere, since Casey spends all day doing talkcasts while stoned, and making videos everyone makes fun of. His parents (probably because of Steve) decide to take away his Internet Access, and possibly force him to get a job after they notice there’s no money coming in.
As a valet in a nice restaurant in downton Sac.
He’s served a summons for $5K, but doesn’t seem to mind.
Casey soon gets bored with his job and looks for alternatives.
He first hints about leaving to some island in the South Pacific, and then talks openly about WWOOF (World Wide Opportunities on Organic Farms). This is attractive to him because he can run away from his summons, and will get him away from yet another foreclosure experience. At this point, he couldn’t care less about mom and dad, as we can hear at 49.30 in this recording.
Something must have happened in between that made him change his mind. He then finds FreedomClubUSA and is overjoyed when he discovers that it’s not the Serins whom owe the banks a lot of money – it’s the other way around! So he decides to pay $300 for more information (in typical Serin fashion, he’s the biggest mark). Which turns out to be crap, but Casey wouldn’t know about it until later. Casey stops talking about WWOOF, brings down his Facebook wall, and stops any kind of communication. Why he decided to stay in Sac is still a mystery.
And thus, we get to January 12th, 2010. FreedomClub USA fails, Island2012 is nowhere to be seen, mom and dad can’t afford to make any payments, Casey has no money left, no job, Steve has left for the army, and Casey’s world as he knows it is about to fall apart. But I wouldn’t be surprised if he was blissfully unaware about this.
Casey Serin in a few weeks, at his own parents’ foreclosure sale.