iamfacingforeclosure.com

[waiting hawk]

Chrispy I saw you and a ton of bubbleheads over there. Wow news spreads fast. Do not read the comments section if you don’t have thick skin. The part about being 24 with a bunch of homes is why I posted it.

http://iamfacingforeclosure.com/24/honest-for-sale-by-owner-sign/#comments

[PerryChase]

Wow, hardly to beleive but true.

Most recent buyers speculated on their homes (as the Professor pointed out in an article). This guy just did it on 6 house. Even now, his nonchalant attitude shows that he still hasn’t learned anything.

The speculation and the exotic loans will cause the popping of this bubble.

[Stu949]

They really tore that guy up!

Funny how everyone told the young chap that he is going to prison.

Nothing could be further from the truth. Our justice system doesn’t have the resources or the time to even give this guy a second thought.

Funny how the general public thinks our justice system has the ability to prosecute the majority of criminals. Prosecuters target people who will be highly publicized; aside from that, many folks out there get away clean.

Have a lot of people done the same thing as this young’n? Absolutely! So much so that nothing will happen to the thousands of people who committed bank fraud by lying on their loan applications.

[Chrispy]

Not me – Crispy & Cole is someone else. He has a lot of good comments on the Housing Bubble Blog, I wish I were him sometimes.

If I were this foreclosure guy, I would not bare my soul online. He got hammered! However, he seems to be not only ignorant but thick-skinned – only with that kind of combination could he have continued the Ponzi scheme of taking money at closing to finance another house.

He stated that the last bank turned him down and that was “the last straw.” Dude – you should THANK that bank for putting the brakes on your idiocy. Otherwise, you’d owe a LOT MORE money.

I think he still doesn’t get it.

[Roman]

I’ve got to share my story with you. Yesterday in the office, a co-worker of mine who got a lay off notice (60 days), an was walking through the builing talking to people before her time is up. In any event, the woman is not too happy after working here for over 15 years. She seemed depressed and hopeless.

However, she stopped by my cubicle all pale looking telling me that she now knows that now she doesn’t think she’s in such a bad shape after she got back from the Tech group. Apparently, one of the IT techs was now openly complaining about not being able to sell his 2nd house (investment house in Temecula). Needless to say, he’s stressing eveyone else in the group, and he’s probably going to loose his own house in SD along with that. By the way, did I mention he’s purchased a new Truck a couple a months ago?……I’m guessing some HELOC…..

This is what happens when your IT tech guy becomes a INVESTOR-FLIPPER. Above all this, our SD builing could be closed down, so the IT guy is stressed that he could possibly loose his job too…..I wonder how many like this around?

[yooklid]

This guy will become a poster boy. Pretty soon he’ll become a media sensation.

[salo_t]

I find it funny how he acknowledges that he’s in bad shape yet he still has the cajones to ask for someone to bail him out and give him a little cash on top. He obviously still feels like he’s entitled to make some money even at this stage. This is incredible. I’d rather wait and buy them from the bank at a discount.

[barnaby33]

You don’t want to be Crispy & Cole, that person lives in Bakersfield. He does have good posts though.

Josh

[Chrispy]

Yeah, and it’s only starting to hit him NOW that maybe he should go back to work full-time. I understand that he needed lots of time to visit with the bankers and fix up the props… but now he’s just in “stew mode” and has no exit strategy.

His timing could not have been worse. He got started on his “real estate investment journey” in January of this year. I’ve always thought by the time you hear about get-rich-quick schemes, it’s probably too late. This certainly applies here.

[PerryChase]

We all know this phenomenon is very common. Buyers have been speculating in droves on their own shelter.

Still, some would want to us to believe that people bought houses for living; and as long as they can afford the payments, things will be OK.

Another of my casual friends in an IT guy also. He bought a house he can hardly afford as a “move-up investment.” He can’t sell now and he’s stressing. But yet, he’s still rationalizing his decision. I’m sorry, but I don’t have any sympathy for his kind of misguided hubris.

[waiting hawk]

WAIT, you mean to tell me that we can’t quit our jobs and just buy a house that we can continually keep selling off to each other for profit? YOU MEAN to tell me we actually have to work to make money? Man I don’t want to work, what is this country coming to if we have to work?

My website tracking Temecula and South Riverside County

[Anonymous]

His blog may be a fake.
I’ve asked him to post any Notice Of Default or foreclosure
related papers. Let’s see.

[Chrispy]

There’s a gal on the Housing Bubble Blog that has tracked his purchases in Texas – she has also cached all of his web pages, just in case he takes them down later. Someone else on the HBB has already reported him to the AG in Texas. A few others have checked him pretty thoroughly and say he’s bona-fide… I think he’s bonehead-fide myself.

[no_such_reality]

Actually, I think this is smart on his part. I can see him using this as leverage against the banks that gave him the cash-back loans on close to let him out completely free just to not get this blown up bigger than it is.

Which of those banks are going to want their logo appearing on the screen as Katie Couric interviews little 24 yr old blonde Californian web surfer boy on the CBS evening news explaining the financial structure of 7 home purchases in four states with no job AND the banks giving him money to do it.

[waiting hawk]

I emailed LA times and tons others asking how the hell a jobless 24 year old can get $2.2 million with 100% finance, no doc, stated income loans on 5 properties.

My website tracking Temecula and South Riverside County

[Author]

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