Eight properties owned by local [Bakersfield] real estate power player David Crisp and his close family members have entered the first stage of foreclosure in just the last six weeks.Meanwhile, back at the original Casey Serin saga, a house that he bought for $330,000 with 100% financing was just sold by the bank for $199,000. The banks lost $131,000. Plus interest. Plus expenses. But don't worry. This obviously doesn't have anything to do with major California no-doc, option-ARM lenders like Countrywide.
Casey Serin South
Casey Serin wasn't the only highly leveraged real estate speculator who got burned when the market slowed:
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ...
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...