Blown Mortgage

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Screenshot courtesy of HP.

Casey Serin, the poster child of the mortgage and real estate industries excesses and transgressions closed up his very popular iamfacingforeclosure.com.  In the last few weeks Casey had been talking about marital problems and other issues that were stressing him out.  I can’t say I blame him.  Losing 8 homes, being broke, and going in to massive debt have to put a strain on anyone.

I’ll miss him.  A lot of people hated him, but I thought he was a perfect example of how people got caught up in the craze, made decisions that have consequences they weren’t fully aware of (or refused to consider/acknowledge), and got burnt.  I thought he was a good lesson to everyone in the industry as well as consumers out there.  We can all use a good cautionary tale. Let me be clear: what he did was illegal and a crime. He admits to fraud, which is inexcusable.  If he is punished he deserves it.  However, there are millions out there that did the same thing that deserve to face their consequences as well.  I for one am glad that he told his story.

I wish I knew what happened to him, but I don’t.  I will say though that if he ever wants to come on Blown Mortgage for a quick 10-minute podcast I’d be glad to have him.  Maybe we could even scratch together an appearance fee - I know the guy needs it.

Good luck Casey!

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