p.sghetti

Casey Serin Goes Down....

The other guys on Casey's team didn't really want Nigel around...he made them uncomfortable when he stared... but he did buy the uniforms and cooked them fantastic omelets before the game.


Artists Note: While this is not my finest technical achievement, it has amused me almost as much as Mocha's portrait. Your eyes can't resist Nigel's sassy stance and whether his hand is on the way up or down. And all the Martys have a Children of the Corn quality to them.

We see what we want to see...

Beauty is in the eye of the beholder. Great art should be open for many interpretations. Some might see Casey and Mocha's love child here. Me, I prefer to see the reason why America's Favorite Housing Bear, Nigel Swaby, is so often confused...about everything. Mama Swaby seemed to like to dress lil' Nigel up in pretty little dresses. Explains the logic problems I guess.

Sixty Second Psychoanalysis

So I finally listened to the first half of last night's fraudcast. In an effort to cleanse your minds of the image below, we'll take a quick look at Nigel's call. Much like his Blog Empire, Nigel really says a lot of nothing, even in RL apparently.

The Is-It-All-Good-Off was a bit funny, but Nigel is that one guy at every party you go to who spends most time in the kitchen nursing his Smirnoff Ice, keeping his pleather coat on regardless that it's ninety degrees, that you hope you can pretty much avoid talking to all night. Right? He's the guy who's a friend-of-a-friend who has to get into party debates with everyone to prove his smarts. You inevitably end up just walking away mid-conversation asking "Who is that guy"... which is usally followed up with an apology from the dude who brought him "sorry, he just showed up" is the typical response.

We Win.

The Eraser

First Nigel's photo disappears... now looking at his profile what else is missing?! Foreclosure Avoiders... GONE! Stuff for sale in SLC....GONE!

Please stop by http://imissnigel.blogspot.com/ and leave Nigel a note with your fond memories of our boy .

I'm sure someone else at Egg Super Nation caught this earlier, but I haven't had time to catch up on all the goings on lately! But please, show Nigel your support, leave him a comment!

Nigel's Cold Shoulder

Pinz isn't gone, he's just ignoring us. Peeking in at the SLC blog we see Nigel's back and with a vengenance! In an abbreviated (312 words) post he now tells us CONDOS might be the thing we're all looking for. After all, Salt Lake City is running out of land!

First time home buyers often fear the repair and maintenance obligations a home brings. There are constant chores like cleaning out the gutters, raking leaves, mowing the lawn and shovelling snow. A condo or townhouse offers the financial benefits of ownership, plus the pride of ownership without many of these maintenance chores.

Plus those great condo fees! It's like owning a home and renting at the same time!

Owning your first home can be intimidating and exciting. By choosing condo living for the first home you can get a chance to see what it's like without the hassles of routine maintenance.

Hmmm... the maintenance theme once again... I never realized how much mowing the lawn really does get in the way of my life. He might be on to something here.

For first time home buyers, condos present tremendous opportunities to find out what home ownership is about without having to make the same financial or upkeep commitments a small house would have.

You're right! While technically my condo fees are a financial commitment, they are different than a house with actual property. Now these upkeep commitments, i'm guessing they are the same as those dreadful routine maintenance tasks. I'm still listening...

Sure, the condo owner is responsible for picking up inside the unit and the minor plumbing and electrical problems that are bound to occur, but those tend to be one time shots and can often be repaired cheaply by the budding do-it-yourselfer or a quick call to the local handy-person.

What the fuck? You just told me i'd be free of routine and life-ruining maintenance here. When I rent and my tub clogs my landlord takes care of that and keeps the grounds nice. What gives?!

Way to go Nigel, in a failing housing market push the worst type of property you can...the one that depreciates the fastest and has additional monthly fees subject to change, to assure that you "never own" the place.

Death Pool

I've occassionally thought who will be the first to go? Casey or Nigel? Although Casey doesn't really seem to have those IT skills he boasted once paid him a cool $30k (or was that $50k) long ago, I really think Nigel will be the first one to mysteriously disappear.

Casey is a small-time scammer who got spanked at the higher-stakes table. Back to Amway and bird-dogging future failures. He can probably eek out another half year living on a few hundred bucks a month the ads will bring him. His big win in life was selling a condo his parents helped him buy (right?). Whoa, a mogul in the making. Everything from that point on has been failure. So he'll draft up his pamphlet and maybe scrape in a another few hundred.

Now Nigel, who's always been a more interesting character to me, is in for a more rapid descent here. Timed entry into the housing bubble pretty well, probably made some nice money in a short amount of time. But Nigel wants more. Aspiring web journalist, wanna be entrepreneur, failed partner of Casey. Nigel does seem to think he's superior in most ways to most people. Regardless of how many people point out the flaws in his economic arguments, etc. etc. Nigel is unaffected. He's taking link-whoring and free blog-site entrepreneurship to the extreme.

The mortgage, and all of housing, business is undergoing changes that will be around for years. When the .com bubble burst, sure there were some people telling you to buy, buy, buy the NASDAQ at 3500, 3000, 2500... same with Nigel, keep pitching for that falling knife.

There are serious affordability issues in the housing market and the jobs that were created (like in the .com bubble) are going away. Soon that pressure and reality will catch up with Nigel and when it does, I predict he will finally push that delete key.

So what's the predictions? I'm asking my loyal viewer (that's right Akubi, i mean you). I think Nigel delete's himself sometime around August. Though what Mr. LeGate reveals has to be causing Nigel the tremors, so it coud happen much quicker, but i'll stick with August. Casey will keep trying for sweet media for much longer.

LeWaterGate: The Movie

The quality of this one is so bad, it made me laugh.

LeWaterGate

To be honest, I don't really know who Duane is. I guess this whole thing happened before I found the Cult of Casey. If someone could post the background of this story here, I'm still trying to patch it together from EN, it would be appreciated.

I am however really looking forward to a timeline of events backed up with the email exchanges. What are you hoping for? Me, I already am fixed in my thinking of what Casey is (*cough* scammer *cough* will be facing charges before 2008 *cough*) but what my hopes are is that Nigel's little desperate attempts of glomming onto this whole mess is particularly embarrassing.

His post over at DHC is particularly hostile for Nigel who usually tries to write like he's "above all of us" with his condescending nature. Maybe its a precursor of what embarrassing nuggets he might be having to deal with shortly.

A boy can dream.

Nigel Swaby, Super Spy

Trying to either insert himself into, or try to get ahead of the upcoming embarrassment of the Duane LeWaterGate scandal, super spy Nigel Swaby posts a plethora of comments lifted from Exurban Nation.

Whats funniest about this post is the fact that Nigel uses proxyindex.com to try and "cover his tracks."

"I can't let those rascal Haterz know that I'm addicted to them, so i'll use a free proxy service! DAMN! I'M THE MOTHER FUCKIN' SEO KING AND PROXY PRIME MINISTER"

Might want to work on those cut & paste skillz. Don't worry Nigel, we all know you can't avoid the mention of your name. You're kind of like Candyman in that regard.

Let's All Sing Along!

We establish targeted closing dates about the time of your Pre-drywall Tour.

We do this so you can plan the details of your move.

However, since we depend on many different trades, suppliers, and inspectors, and build out in the elements, there are things beyond our control that may affect these dates; for example: labor and material shortages, back-ordered components, city inspection backlogs, and inclement weather.

In the event of a delay, we will notify you as soon as we become informed.

Flail, you missed the first two verses!

Nigel Swaby's Golden Shower

Our boy Nigel has seemingly moved on to yellow-greener pastures. It seems he's now working with the fine folks over at Gold Medallion Homes. What the fuck is up with the level of marketing prowess in Utah. Integrity First, Gold Medallion... is there a chapter on cheap cliches in the Mormon bible or something?

Why, at this point, someone would want the "publicity baggage" that Nigel brings with him is beyond me. Karma will prove out that not all publicity is good publicity. Good luck Gold Medallion Homes, enjoy the benefits of someone who's judgement leaves him moments away from going into business with Casey Serin. I'm sure none of your potential customers will find that, even though you're just as much in the free-blogosphere as Nigel. Phew, that's some list of blogs.

Albert Einstein, the great mathematician, had some good advice for today’s home buyers

Yes, that Albert Einstein was one GREAT mathmatician wasn't he. Boy, what he did with fractions and integers was something else. Long division will never be the same.

With expanding populations, land is becoming scarce.

Uh oh, someone else apparently graduated from the Nigel Swaby of Paraphrasing NAR Mantra. Oh snap, they have a company song:

However, since we depend on many different trades, suppliers, and inspectors, and build out in the elements, there are things beyond our control that may affect these dates; for example: labor and material shortages, back-ordered components, city inspection backlogs, and inclement weather.

In the event of a delay, we will notify you as soon as we become informed.

This isn't a tired motto, or a half-hearted attempt. It's more than a mission statement, more than a goal. This is our song.

Wow, catchy compelling stuff. Good luck with the joy that Nigel's endless quest for attention and an online reputation brings you.

Tip O' the Hat, Wag O' the Finger

Tip O' the Hat:

Serinity Now! Excellent post on Serintology to be read at -Insert Clever Title Here-



Wag Of The Finger:

Nigel Swaby, while he's apparently testing content for the Foreclosure Avoiders site, posted a verbose post on how not to make Mortgage Mistakes, which is here.

Using the excellent new Nigel Swaby Word-O-Meter found at Foreclosure Avoiders Ruined My Life, we find that Nigel uses an astounding 913 words (not including title) to basically say very little.

It was one of Nigel's most boring reads ever without any real substance (I was shocked too). Apparently Nigel has been spanked so much on his lack of Economic knowledge that he's going to try to just through random "math-like" content in his posts in the hopes that someone will think there's substance there.



After reading the post that Nigel cited, I can sum it up I think in 2 bullet points:

• You're an idiot if you don't read/research what you're about to sign
  
• Don't trust mortgage brokers

See, now you have the rest of the day to enjoy.

Economic Dart Theory 101

As presented by Nigel Swaby, soon to be ex-broker.

At the heart of the housing crash debate is whether jobs will remain readily available. Housing bears argue much of America relies on construction and housing related jobs that when that industry goes crashing down, the rest of the economy will follow.

Ummm, I stumbled into the world of Serin starting at the sites that really matter to me in the housing bubble scenario, sites like The Housing Bubble Blog, patrick.net, Immobilienblasen and others.

Now, on those sites there are some extreme bears, predicting another depression, etc. But there are also some very smart, insightful folks who clearly know a lot more about Economics than I do. Unless the drugs of my youth did a lot more damage than I thought, I don't recall the arguments of jobs as the linchpin for Real Estate. I think they are more often referred to as an indicator (lagging?) of the overall health of the economy. I believe some have referred to jobs in construction as an indicator of what's to come in housing.

Nigel seems to be once again inventing his own theories of economics? Maybe i'm wrong, but most of the posts/comments I see on the bearish sites revolve around the lack of affordability in housing in relation to average wages. Most people tend to cite things like historical norms of prices to income rations and all that stuff that requires charts with points and stuff.

In the face of a cooling housing market, the fact wages are rising and jobs are plentiful doesn't make me worry about a housing crash. In fact, temporarily lower housing prices will create a positive mindset for families who want to own a home more than ever.

Hate to tell you Swabby, you should be worried, unless you're really already out of the Broker business. The past few years consisted of fliptards like Casey artificially running up home prices to unsustainable prices. Something like 25-40% of sales were to investors/speculators in that time period... that is unless tons of people all of the sudden bought vacation homes. The buyers weren't even real, now many people who got caught in the hysteria are facing steep ARM resets over the next couple years.

Before that, the Fed stopped house prices from starting to correct with all the interest rate drops.

I know you really don't believe that "temporary drop" mess, it was a bubble and maybe in a year or two it will be time to start looking, but can the glut of mortgage brokers and realtors survive that long? I doubt it.

Fun With Downtime: Brokerback Mountain

Jeez, poor Casey just can't seem to avoid Nigel and his attempts to get a piece of the spotlight. Attention on the web is apparently really hard to quit.

Link First, Ask Questions Later

Someone at the Milk This Bubble As Long As We Can must have finally sent Nigel the latest Talking Points memo. In this latest post, Nigel dumbtificates about FHA loans and their "problems."

A couple of paraphrased gems from the Master of the Obvious. First we must wade through the typical Nigel fluff pulled directly from Boringapedia. So after the first few paragraphs where Nigel changes a few words of a generic description he goes into the "problems."

However, these liberal guidelines come with a price and with FHA, it's called mortgage insurance. MI protects the lender to 20% should a borrower default on their loan.

Yeah, heaven forbid there are things in place if a borrower isn't responsible enough to save a large downpayment or might be a credit risk.

The second problem with FHA loans involves the approval process and documentation. One qualifies for FHA mortgages much like a conventional loan which requires two years on the job (or in the same field), tax returns and financial reserves. There are no stated income FHA loans and no interest only either.

Yes, ALL THESE THINGS SOUND HORRIBLE. The last thing we need is more qualified borrowers in the housing market, these people might actually want to negotiate and junk like that. This statement reinforces my belief on the quality of mortgages the Swabtard might have been involved with.

FHA mortgage products are a welcome part of the home financing opportunity and should be looked at closely before entertaining other types of non-conventional financing.

Hmmmm... it almost sounds like we're now dismissing these FHA loans and still thinking about, you know, possibly pushing more junk 100% loans. All in all, it's a pretty typical bland post from Nigel... but I did recall a previous Nigel mention about FHA loans...

Was it this one? That bottle sure makes it look good...

This is great news for first time home buyers...

I'm not sure, let me Google this... HOLY CRAP! Nigel sure was busy linkwhoring CNN.com, Business Week about the FHA. Blah.

Fortunately, the FHA has an awesome ARM which goes both ways and it can only adjust once a year and has a reasonable cap rate.

I do get the sense that Nigel, in his own way, is trying to finally detach himself from the Casey drama, but in my mind he and Casey are still representative samples of what went wrong in Real Estate in the past 5 or so years.

Any bets on when Nigel's done with Real Estate and starts working on this winner he's been keeping in his back pocket?

When you get in bed with a whore...

Submitted by one of the Haterz at Exurban Nation...

Author Comment

nswaby
Senior Member
Registered: 9/17/06
Posts: 159 3/22/07 at 07:26 PM

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I'm looking for investors in Northern California I can give leads to for a test marketing program I'm doing. If you or anyone you know is interested, please email me to get the details. nigel (at) integrityloans.com

Thanks for your interest.


reijoe
Senior Member
Registered: 3/08/06
Posts: 287 3/26/07 at 09:10 AM

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What kinds of leads are these? Where specifically in northern California?


nswaby
Senior Member
Registered: 9/17/06
Posts: 159 3/26/07 at 03:31 PM

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Quote:
Originally Posted by reijoe
What kinds of leads are these? Where specifically in northern California?


These are going to be people in various stages of foreclosure or pre-foreclosure. I expect the areas will be mostly urban, San Jose, Sacramento, Bay Area.

Nigel


tiotony
Member
Registered: 9/09/06
Posts: 4 3/28/07 at 01:12 AM

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If your going to work Sacramento County, why not Placer, Yolo & Solano counties???


DCnative
Junior Member
Registered: 12/29/06
Posts: 11 3/28/07 at 06:16 AM

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Nigel, is this marketing campaign stemming from your work with Casey Serin? He doesn't seem like the sort of a person an ethical businessman would deal with.


Greg
Moderator
Registered: 3/12/05
Posts: 550 3/28/07 at 06:53 AM

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Nigel,
Not much of a discussion here. This should be in classifieds. Please repost.
Greg

Guess you are starting to get a reputation... just not the one you thought it would be. Again, I don't feel bad or sad for this guy either. If you think Nigel is a do-gooder who's trying to graciously help someone out or stick up for the underdog, think again.

I'll just keep pointing out the fact that this guy took a business meeting with Casey and was just moments away from turning Foreclosure Avoiders into a two-man flop.

Nigel, you need to learn that business, marketing and success consists of more than just coming up with a really dumb name, creating a blog and hyperlinking yourself into good rankings. Foreclosure Referrals isn't a business plan, it's just bottom-feeding and trying to milk one more penny out of this housing bubble mess.

The sooner you and your kind are out of the business the sooner the industry reverts back to historical norms.

Hey Nigel...

I know you're probably sorry you asked me to be your guest blogger during the infamous blogcation, but maybe you can invite this guy to guest blog for you next time... he seems to know how to write some compelling stuff....

Take a look at quiggleme.com.

Nigel = Sybil?

Wow, link whoring withdrawal hit our favorite pin salesman hard. The poor guy doesn't know whether he's coming or going. One day he's just trying to latch on to Casey's traffic, the next day he's setting up an anti-haterz site, which briefly turned into a Haterz-Lite site, now he's trying to figure out how to do battle with the Haterz.

From Axe Man's latest post:

Wow some random dude actually took the time to drive ot there and take photos of Casey. Unreal. He is becoming a national obsession.

Then it goes onto some typical boring attempt at feigning some sort of insight, I really don't know how to snark at something without a real point. I think Nigel's next "brand" could be "Interesting Avoiders."

I'm really not sure I understand why Nigel would post on this subject since HE WAS HOURS AWAY FROM ENTERING A BUSINESS DEAL WITH THE GUY. NIGEL, YOU HAD SERIOUS BUSINESS CONVERSATIONS WITH A KNOWN AND ADMITTED SCAMMER WHO'S FAILED AT LIFE. AND HE TRIES TO MAKE FUN OF SOMEONE WHO WENT OUT TO CHECK OUT THE DISASTER THAT IS CASEY'S LIFE?

Nigel more and more seems like Casey fifteen years out. The latest "boom" that was supposed to be his career is quickly souring. Last one hired, first one fired, all that.

I can't wait for Nigel's "Something's (other than my hair) Gotta Give" post.

Until then, My point is this is mostly algae caused by the sun.