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.
5.26.2007
Casey Serin South
Casey Serin wasn't the only highly leveraged real estate speculator who got burned when the market slowed:
Subscribe to:
Post Comments (Atom)
-
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
-
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...
No comments:
Post a Comment