Salt Lake City, UT (PRWEB) October 31, 2006
Casey Serin has become the media poster child for the American housing bubble as it deflates. The one-time investor has five properties facing foreclosure in four different states and decided to blog about it at http://www.iamfacingforeclosure.com. Meanwhile, he has created a large following of critics and supporters and his tale of woe has been publicized nationally by USA Today and NPR. Nigel Swaby, a licensed mortgage broker and industry writer, has picked up the story on his blog http://www.slcrealestate.blogspot.com and has released a serialized version of his interview with Mr. Serin.
"I saw Casey's story out there in the first weeks of September and made a couple of advisory posts," Swaby commented. With house prices declining, the media turned its focus to bubble talk and Casey soon became the poster child of what not to do. "As I kept reading his story, I realized he's very intelligent and pretty shrewd about reaching his goal of avoiding foreclosure," Swaby added. When mainstream media stories hit in October, their slant on Casey's situation was primarily negative. Swaby continued, "I wanted to give Casey a fair shake and write objectively about his investments, his marketing abilities with the blog and his future plans."
Nigel Swaby's Salt Lake Real Estate blog is new on the web, but has steadily gained a readership of several thousand visitors per month. The focus of the blog is mainly real estate and mortgage news with plenty of tips for investors and first time homebuyers. Casey Serin's tale of facing foreclosure ranks as one of the biggest stories in real estate this year and has plenty of teaching opportunities for investors and new homebuyers alike.