No Limits Ladies.

Correct me if I'm wrong. You girls at nolimitsladies worked out some deal that would get you some and Casey some. Who cares how much he would lose as long as you girls can get some, right? You girls tried to tie him up with a contract (and I truly hope that the only thing he signed was an NDA and nothing else). Casey (is kinda slow in figuring things out) finally figured out the "deal" was not for his best interest and turned down your deal. Casey is a businessman (or wannabe) and very lousy in doing business. I don't see anything wrong in his wheeling and dealing. If your "deal" sucks for his benefits, he should refuse to deal. Why are you so bitter about it? There are many "dealers" out there that could offer him a better deal than yours. Dare to tell people what you girls offered him in the "deal" ??

Hey, we practise what we preach! Sometimes it works out, sometimes it doesn't.

You and I are fortunate to have had slammin' mentors. Mentors willing to give us a hand up (when we were fresh to the money making game, blundering around blindly), only fair to pass it along.

And that's the point of this blog, isn't it?

Trust your first instinct, this guy is a con man.

I doubt he talked to his wife at all. He just knew that if he walked without signing that he could never go back. He made up the whole story about his wife getting angry, that just does not make any sense when you analyze it.

They are in debt up to their eyeballs and you were throwing him a rope. There is NO WAY his wife would turn that down.

I assume you wanted something in return, like rights to his story. Casey the con man thinks he is going to write a book and be famous, losing the rights to his story would kill that idea.

The guy is obviously quite charming, but he is conniving and ruthless. His stories change so quickly its mind numbing. The details get twisted and to fit the picture he paints on any given day.

By his own admission the guy committed mortgage fraud willingly and with full knowledge.

He tried to fleece his friends for money to bail him out:

http://www.iwillteachyoutoberich.com/archives/2006/11/casey-serin-stupid-real-estate-decision.html

He gave you the run around for days before the trip, obviously trying to find a way to spin this to his advantage somehow.

Read all of his postings, notice how the details change and there is always an explanation for what he did when he gets caught on something.

He is a true con artist, and he deserves to fall hard. He has worked his friends, scammed the system, lied, cheated, stolen, and he is working you. There is no doubt in my mind this is all part of the pattern that he has demonstrated his entire life. If we could talk to all of his friends and family it would be quite clear.

I have seen his type before. On the streets of Berkeley and the beach flats of Santa Cruz there are many like him.

Don't turn your back for a second with this guy.

Rick- I appreciate where you are coming from. Although I think Casey is more impulsive than calculating. However, he did sign the agreement.

I'm of a similar opinion as Rick. Something doesn't add up. You're saying from Friday to Thursday he didn't say ANYTHING to his wife about an offer to help get ALL his properties off-loaded?! But when he finally tells his wife about the deal she's upset?! WHY? Was it just because he had kept her out of the loop for 6 days (about apparently a best-of-a-bad situation offer?) or was Casey's wife against it because The Deal is really not clearly better than doing DILs and short sales?

Thanks for sharing your side of the story, prlinkbiz. This whole fiasco is quite fascinating.

I felt the deal was a good one and helpful- I am not sure how much she knew of it. He didn't tell her before he signed it though. I still can't wrap my head around it, but he is doing what he feels is best and what his wife is on board for.

From your blog entry: "...Final decision - no mentors. ...he is not going to be working with us (per say)"

Although, in your reply to Rick's comment: "However, he did sign the agreement."

Do you see the contradiction? My understanding, from both your original blog entry above and Casey's Back Home From Phoenix entry is that he did NOT sign the final deal; he only signed an NDA about a week earlier.
But then how do you explain your reply to Rick's comment? Was there a major change in the (mysterious) Deal which meant he wouldn't work directly with you or your friend? ... or in the last 24 hours he did change his mind, sign the deal, and pretty much contradict his Back Home From Phoenix blog entry which says he was only going to work with his "local Rich Dad"? (I understand that you make a distinction between mentoring and your friend working with Casey but he doesn't seem to make the distinction so it appears from his words there's no "Deal".)

Also, not to be too picky but it's per se not "per say".

Thanks for sharing. Even if this kid isn't a con man like some people are suggesting what happened to his common sense?

It was very nice of you to offer to help; even if it didn't pan out.

Hey Gmoney- I changed per se for you. (Thanks!)

Our deal with Casey was he would get something, and we would get something. He did sign the agreement the last day. Then he changed his mind, he chose not to take what we were offering. However that agreement stands.

I cannot tell you what it was that changed his mind. He was on board and ready to go, thankful for the help one minute. Then after the phone call with his wife, he was completely different. Thats when he packed up and headed back. Maybe it was the amount of work required from him, which he will have to do either way. Maybe it was the idea of him being out of state or traveling? Which he will have to do anyway. I don't know.

Wow. I've been reading Casey's blog since it was mentioned on the Consumerist web site, and I've been highly critical of him (yet totally hooked on his blog,) ever since. I've only commented on there twice to point out some obvious glaring errors in logic/mathematics on his blog, but as I'm sure you know, ol' Casey's notorious for not heeding all the good advice being thrown at him via catapult from critical posters. I found the link to Ramit's blog entry about Casey via the comments on iamfacingforeclosure.com, and found this particular post via your comment to Ramit. I have to say, part of what made me reluctant to give Casey any more solid advice is the fact that I have no idea what I would do if I were in that kind of desperate financial straits. But I wanted to give you and your friends kudos for genuinely giving this guy a constructive way out of his self-inflicted mess, even if he did basically piss on the lifeline you threw him. I'd have been sending y'all biscotti daily for decades to come to thank you if I had been in his situation! My opinion of Casey (read: any sympathy I ever may have had for him,) has sunk even lower than I thought possible, but once again, it's nice to see that there are some decent people left in the world, even if their good-faith offers are snubbed by the likes of that fourth-rate con-artist.

prlinkbiz,

He's a charmer, like all con men. What he lacks is experience and common sense. Obviously I don't know the details of the deal you offered, however, something here just does not add up and Casey's behavior is quite suspect.

He negotiates in bad faith, striking a verbal agreement with his hard money lender on the DIL and then blogging about dragging his feet on closure to find another deal. Either that whole post was BS or he is playing games.

He lies, and you know it too as in a previous posting you said "he had a family function - all day". Sorry, but there is always time for business, what he did was lie to delay something for whatever reason.

He attempted to scam his friends and professional contacts, only coming clean after getting caught.

I think the whole, "my wife is upset" story was BS. He signed the deal knowing that he would pull that excuse to bail out, thereby keeping a potential contact open if he could find nothing else.

Trust your first instinct, I have found that to be pretty accurate myself. Your early dealings with him made you suspicious, you have a good business sense.

Of all that I have read that is one of the most telling statements I have heard about the guy.

I am sure he is in trouble, and he is trying to lie cheat and scam his way out of it. It is in his nature, it is who he is. He is unethical and not afraid to bend the truth to his favor. People who know the real Casey Serin more than likely know this to be the case.

I am a successful executive and an entrepreneur. I like to think I am a pretty good judge of character. I have built multiple teams and realized great success in my career. I think getting involved with Casey on a business deal would be very unwise.

As any businesswoman knows agreements signed or otherwise are not worth the paper they're printed on unless the wronged party is will to lawyer up big time (the key reason to sign them is to show intent).

That costs mucho money.

That E isn't talking about lawyering up tells me that there really wasn't much money in it for her.

If, as Rick says, E was getting the rights to his story (don't know, wasn't part of the deal), then unless it was a movie deal (and who wants to watch a movie about a kid facing foreclosure?), there wouldn't be any cash in it. The return on investment on a stand alone book (minus marketing costs) is pretty darn close to zero (the reason I waited until I was financially secure before humoring the writing bug).

Hhhmmm...though that is a common misperception. I guess I should clear that up in my More Money Monday blog.

Oh, not saying that No Limits Ladies will never write a book.

I hope we do. A great excuse to tour around North America (the hubby can drive). Even better, make it a mall tour like Tiffany did in the '80's.

Rick- I think you have good insight. Having met Casey, he is not that charming. I don't see him as premeditating, rather living in the moment and impulsively making decisions that he doesn't factor the consequences into. That is what makes him "shady".

He is a flip flopper (in more ways than one). That is why we haven't held him to the deal, although it stands.

We have worked hard to build our reputations in business. Our integrity would be on the line if we worked with him and he continued his pattern of flip flopping.

We thought if we could pull it off, we could help a lot of people. We see dozens of people like Casey everyday. His situation is not unique.

So you were offering, at your own expense, to travel to his various houses and get them listed/sold and deal with the lenders on his behalf to get them to take "short sales" or otherwise avoid foreclosure/bankruptcy?

That sounds like a huge amount of time/effort/money on your side. I can't imagine what Casey could offer to compensate you.

If it was just "his story" he's a fool for not accepting. With the size hole he's dug for himself he should be offering anything he could, except maybe his first born child, to someone who can help him.

Have you done this sort of help for others before? Did he understand what you were offering and did he believe that you had the ability to "back up" your offer?

I just don't see the "Down Side" from his perspective.

You got it Dan. My partner in the deal has been very successful in real estate investing- has done and continues to do it all, 12 years experience and lots of proof to back it up. Like I said- we see these problems daily. She is a pitbull, who would not have releasd until the situation was solved. We had thought about asking for his first born if it was a girl- we only have boys- but we decided against it.

Interesting story.

People have patterns in their lives and he is quite strong in his. I've read his blog for a while now, and this doesn't surprise me one iota. He has a signed contract and then backs out, just as he has a verbal agreement to do a DIL on his Dallas property, but is considering backing out*.

Like Rick, I've dealt with this type of individual many times in my life (I was a parole officer at one time). Most of them eventually run out of options as people get tired of putting their trust in them only to be screwed over in the end. If nothing else, Casey is quite precocious in this department.

*at this time it doesn't count as a verbal contract because the specific action has not been met, but going back on your word is still ethically, if not legally, wrong.

Let me guess. You and your partner / former check out girl offered to buy Caey's properties for 40 cents on the dollar.

When his wife told you to take a hike, you switched from snow white to your real color, black, as in wicked witch of the.

What a pathetic joke. Earth to check out girls, your competitors in the real world actually studied business at an accredited university, not at some lame weekend "seminar".

Could it be that Casey decided to bail on your generous offer because it would have "locked in" major losses for him, vice the bankruptcy slate-cleaning route?

I don't imagine there is any thought that he could recoup the price he paid for these properties, based on what he's already said about them and the markets they are in.

Wassup,
Sounds like someone needs a hug.

Hope your day (and your outlook on humanity) gets better.

BTW...there are a few former check out girls out there with an investment portfolio to be envied. Quite a few solid companies stock those store shelves.

BTW, consider the amount of traffic you attract to your blog by being affiliated with Casey Serin as your benefits, sincerely.

I stand all amazed that someone with TWO MILLION DOLLARS IN DEBT - and the debt clock is not stopping - would throw away a lifeline, while he continues, it would seem, to live in some parallel universe where it will all come together, "real soon now."

I stand all amazed that the young man who admits - ADMITS - to FRAUD in dealing with financial institutions does not jump on ANY offer that will make sure he sleeps at night in his own bed, rather than at "CORRECTIONAL CENTERS" and "FEDERAL CORRECTIONAL INSTITUTIONS."

I just can't help but think that SOME young prosecutor is going to leverage all of the publicity about Casey to his or her own career goals. You made USA TODAY, and so will they; there are a LOT of lawyers out there who could use that publicity for their own careers.

The only offer I can see the No Limit Ladies making is so simple even Casey can understand it: "We'll bail you out, but you've got to do EXACTLY WHAT WE TELL YOU EVERY STEP OF THE WAY. We will get the rights to tell the story, and we MIGHT make enough from that to cover our expenses."

Frankly, this is most generous of the No Limit Ladies, indeed.

You are offering to reset his economic clock to no less than zero - from a current value of minus TWO MILLION DOLLARS, AND are offering to teach him with a REAL "Rich Dad," AND are offering him a way out, that just might keep him out of jail.

Casey, if you are reading this, either you are the greatest man in the history of viral marketing, and have a TWO MILLION DOLLAR ace up your sleeve, OR you are the greatest damn fool in the history of viral marketing.

If you don't call the No Limit Ladies TONIGHT, apologize, and do EXACTLY what they say, I will have no sympathy whatsoever for you when you are sentenced to incarceration.

I noted that your bookshelf has only ONE well-read book, and that is on why, and how, divorce should be avoided, if at all possible.

I know a little bit about this, and I know NOTHING is as bad for a marriage as failing to communicate openly, honestly, and "oftenly," as we say, about the REAL FACTS of how things are financially.

I also know that very few marriages withstand criminal litigation, or even the filing of charges, much less incarceration.

Casey - on the remote chance you are telling the truth - even some of the time - and love your wife - even some of the time - you are TWO MILLION DOLLARS in the hole, and the hole is getting deeper all of the time.

I KNOW that at least ONE of your institutional lenders have their lawyers ready to go, and you have no defense - FRAUD precludes that.

Casey - tonight, as you go to bed, look at your wife, and recall her on your wedding day - when you were so proud of her, and she was so proud of you.

Make her proud of you.

Call the No Limits Ladies TONIGHT, and commit - for your wife's sake - to doing EXACTLY what they say.

I've seen Drill Instructors turn Beavis and Butthead into true Marines in NINETY DAYS; the No Limit Ladies just MIGHT be able to help turn you into the man your wife will be proud of.

Look at your wife after she goes to sleep, knowing that she will be either sleeping with her parents, or at the homeless shelter, all too soon.

Right THEN, SWEAR to yourself that ALL of the faith and trust she has in you WILL BE REPAID.

Then, just do like the boys who become Men at Parris Island, S.C. - call the No Limit Ladies, and then just SHOW UP, SHUT UP, and do EXACTLY what you are told.

If only for your wife's sake.

PS: If I were you, even if I wasn't two million in debt, these are the best teachers you will have, and they are offering all of their hard-won professional skills for the best price - FREE.

Remember, the value of your "life story" is NEGATIVE TWO MILLION DOLLARS, and is dropping by the minute.

You're not going to get out of this any other way...

You, OR your wife.

Oh, by the way...

Get a dvd - used, from Amazon, called "Glengarry Glen Ross." Watch it, and pay particularly close attention to the scene where Al Pacino takes the gloves OFF, and tells Kevin Spacey the Facts of Life.

Right now, that much cold, hard truth would just drive you over the edge, so just watch from a safe, comfortable distance...

And think of your wife, and see YOU as the sad, pathetic Jack Lemmon character - if you are lucky because - oh, that's right.

He went to jail, too.

CALL THE NO LIMIT LADIES NOW!

I am going to have my take on this whole thing on my blog shortly. It took me a few days to sort out my thoughts but, so i'm going to try to lay them out in a logical order. Stay tuned...

www.IamFacingForeclosure.com

Since Nolimitladies and Casey are being so upfront about the entire transaction, and no one has anything to hide, please post a .pdf of the agreement so we can review the terms of the deal ourselves.
thanks in advance
Tim

Did you ladies read the tripe Casey is placing on his blog? It appears that:

1. He was scamming you.
2. He was lying to everyone.
3. He had undisclosed other parties involved.
4. He used you as a PR stunt.
5. He is currently spinning it to make you appear to be the bad people.

So what is the truth? What is the "deal" that is/isn't in place?

My guess would be that NLL offered to take on Casey's properties, sell them for a profit, make sure Casey broke even on the deal, and also take a significant chunk of any media (print, film, documentary and what-not) royalties to-boot.

Not a bad deal for NLL... and if Casey was smarter, he would realize that it is a good deal for him too. Unfortunately, he doesn't realize at this time that he is incapable of selling his properties himself and bailing himself out of debt. So... the floundering will continue.

I mean really, who spends 18-hours on a post admitting that you're stupid, you aren't a man of your word, and that you can't make a decision?

My thesis advisor, a wise man by my standards, once said "there's nothing worse than a man who can't take a decision." (no, he was not referring to me, thankfully :)

If I were NLL, I would consider holding Casey to his word. He signed the agreement, now he should have to live with the consequences of his actions (FOR ONCE!!!).

NLG

Yeah- saw Casey's post about the Phx trip and deal. Not much to say- his perception is his reality. He opted not to take the help offered- which was not to buy the properties. He is being held to his agreement. It is what it is.

I think there is something seriously wrong with Casey. His wife seems to be of little importance unless he's using her to garner sympathy from a lender or to get out of a deal he created and agreed to.

I don't think he is a con-man necessarily but his lack of impulse control coupled with his total non-chalance at making/breaking deals and/or lying outright speaks both to his character and his mental hygiene. Something just isn't right and I cannot fathom a scenario in which he can right himself, by himself.

I hope whatever deal you made turns out not to waste more of your time than strictly necessary.

What was in the contract that Casey objected to?

Okay, I'd like to point out the obvious. We don't make any money on this website (our Amazon "ads" are there because its the easiest way to get a visual for the books we like, we haven't received a single cent from a purchase).

Not saying that we won't in the future. I wouldn't mind it if someday our hosting fees were at least covered. Readers know my policy about having hobbies pay for themselves.

Great lessons in this, E. Just because a venture is basically "charity" work doesn't mean its any less hassle. Pay, no pay, or break even, the downside can all be the same.

Not that this should stop us from giving others a hand out but it should be taken into consideration.

I have not read much of Casey's blogs in detail untill this morning, but was made aware of him by a business partner.

To make a long story short, I think you have done a wonderful thing for him in NOT voiding the agreement.

Casey is very much a child in an adult's world as many comments are now saying and he really needs more people to do simular things to break his delusional view on his own abilities and knowledge.

You have my respects for the response about his nice guy act. It is apparent that ANY humble comments or acts coming from him are an attempt to weasel out and further strengthen his opinion that he is equal or superior to those who have him in a comprimising position

Hello, Ladies!

Posting here again; you might want to see if the young, stupid, and conniving Mr. Serin has made any money off his article featured in Ramit's new e-book. If it looks like this moron's going to be able to make anything substantial off of his colossal screw-ups and refusal to let you ladies help him constructively, (i.e. giving him a hand up, not a hand out, as I understood your agreement,) I'd nail him to the wall, if I were you.

Cheers,

KW