In the spirit of David Letterman, here are our top ten ways to avoid foreclosure:
10. Spreadsheets are your friend.
9. Blue bouncing balls are very relaxing and tend to make you sleepy. Avoid them at all costs.
8. 36% interest – bad.
7. Start your day before noon.
6. Repeat over and over - cash back at closing is not profit.
5. Beware of people with first names of ‘Rich’, ‘PR’, or ‘Savvy’.
4. Maximum amount to pay for a Jamba Juice or Starbucks – $29.95. Never spend $37.
3. Recommended college course – Mail Opening 101.
2. Avoid all deals characterized by the word ‘Sweet’.
1. Never borrow 2.2 million dollars with no discernable means to pay it back.
8 Comments
December 26, 2006 at 11:34 am
ha ha
December 26, 2006 at 8:43 pm
Ah, our buddy Casey. Good times, good times.
December 26, 2006 at 10:44 pm
Bravo.
December 27, 2006 at 2:17 am
Quite the humorous spin on things. Like it.
December 27, 2006 at 3:18 am
Very topical for the Boxing Day sales. But gotta disagree: the foolishness of #1 never, for a moment, held Donald Trump back. If you owe a hundred thousand, you’re in trouble. If you owe a hundred million, the bank is in trouble.
December 27, 2006 at 3:24 am
[...] Welcome to the Boxing Day sale madness. In a perfect flowering and manifestation of the Zeitgeist of today, the day after the anniversaryof the blessed Saviour’s birth, we find that the tenth most popular blog post on WordPress today (out of an estimated half-million or so) is Top Ten Ways to Avoid Foreclosure. [...]
December 27, 2006 at 6:55 pm
great advice.
December 28, 2006 at 12:51 pm
#6 is my favorite. I have to continually remind my clients that financing is about the complete picture.