Another Star Turn for Casey
Here's real estate "investor" Casey Serin admitting he circumvented California law by getting too much cash back on his "sweet deals," by getting paid "under the table" or through 3rd-party "side deals."
I wonder how much of the rest of the mortgage security portfolios out there is junk like this.
The sweetest part of the latest twist in the story is the way Casey promises, in his blog, to offer advice to others. Here's a guy who admits to committing mortgage fraud, who hasn't paid back what he owes, and continues to borrow, then duck the new lenders. And he's offering advice.