Ever wonder what you get when you follow the advice and guidance of self-proclaimed real estate investment gurus and house flippers? Try 2.2 Million dollars in debt!

That's the story, true or not, of Casey Serin, who currently lives in the Sacramento area. I've been following his blog, IAmFacingForclosure.com, for a little while now and it's entertaining to say the least. Up until this point, it's mostly been people harping on him for his shady dealings and lack of business sense, not to mention the other people in his life that have been affected, including his wife. Now, apparently, he's facing litigation from some sharks who smelled the blood in the water and went in for the kill. Two women, Erin Morgan (PrLinkBiz) and Joy O’Day, got Casey to basically sign his life away and an NDA agreement. Fortunately for Casey, neither seem very enforceable. However, because he brought these two contracts to light on his blog, they are now threatening to sue him and anyone enabling him, including his host.

If you have some free time, and you'll need a lot of it, check out Casey's blog. You'll laugh, you'll cry, you'll want to slap some sense into this guy... Seriously, I think most people hope that this is all a joke. If you want the short version, check out the following flow chart one of his readers sent in... though you'll miss out on all the talk of "sweet deals" and keeping his blog "organic"

wow that kid is something else. LOL @ sweet deals!

Well, Casey is in the news again, this time on C|net... It looks like his marriage is on the rocks, which is really unfortunate, but his wife is not totally innocent in this. From what I understand several of the loans are in her name. And, since I last posted about him, he's lost all of his houses to foreclosure. No real surprise there...

The worst part is that there are innocent victims, namely the people who live near those properties, who will experience the negative impact on property values due to a foreclosure in their neighborhood.

First of all, I am going to have to read about this guy. This all sounds very interesting and I am curious on a couple of things that where mentioned here. I will check back here in a few days and let you know what I discovered.

Hey, Eric I knew you were following what this guy was up to so i thought you would be interested in this

http://www.theage.com.au/news/web/blogger-learns-how-to-monetise-hate/2007/06/19/1182019071972.html

it says that hes hiding out in Australia now

Wow, just when I thought I could move on, I get sucked right back in! LOL

I have some reading to do...

Yes,This is new to me,but I love to read. I will be sure to add these links to my favorites so that I can read it later. I am wondering if he failed at so many of these how did he find any places to loan him money for these houses? With his record of failing ?