So basically Casey™ had absolutely no common sense whatsoever in the last 18 months. Here's what common sense casey lacked.
1. Lender Ignore Mode™ doesn't make your problems go away.
2. Don't buy houses you can't afford
3. Don't buy stuff you can't afford
4. Periodically check your checking account and always have an idea of what the approximate balance is
5. When you're facing foreclosure don't go to Starbucks, Macaroni grill, Jamba Juice, Chipotle, or Ikea. See #3.
6. Don't take vacations when facing foreclosure. See #3
7. Don't spend tens of thousands on real estate seminars when facing foreclosure. See #3.
8. Don't lie on loans or enter any "gray areas." Lying on loans is illegal.
9. Read everything you sign. See #8
10. If you don't understand something you're signing, it's ok. Seek competent counsel.
11. Cashback after closing not reported on the HUD form is illegal.
12. Debt is not income.
13. Refinancing debt is not "paying off" another debt.
14. A good FICO makes everything possible. A bad one makes everything impossible.
15. Publicly admitting to felony mortgage fraud is not a good idea.
16. Mortgage fraud is NOT a grey area.
17. Pools need maintenance or they come alive.
18. Houses require maintenance.
19. Failure to maintain houses makes them harder to sell.
20. A house whose mortgage is 2-3x the rent it brings in is a bad investment.
21. We were in the biggest bubble in the history of mankind.
22. Real estate that pays a smaller cash yield than the zero coupon rate is overpriced.
23. Ignoring contracts is a bad idea.
24. Living in cars sucks. That's why most people don't do it.
25. When you are facing foreclosure, you should not have cell phone bills in the hundreds of dollars every month. 26. When a blog is providing you with Passive™ income, you don't shut it down.
27. Trolling your own blog is a bad idea.
28. You should have a reliable hosting solution that can deal with the traffic your site generates.
29. Everything is not all good.
30. "Borrowing" from a shell corporation that has no sales, revenues, or income is fraud. This is illegal.
31. Ignore the IRS at your peril. They have guns. Cashcall does not.
32. Cashcall and other unsecured creditors are paper tigers.
33. Buying penny stocks is a bad idea.
34. Only buy penny stocks that you wish to pump and dump. But this is illegal.
35. Fresh juice doesn't help avoid foreclosure.
36. Putting ads on a high traffic site is a good idea.
37. Having a high traffic site with no ads and no source of income is a bad idea.
38. Getting up early doesn't help stop foreclosure.
39. Paying mortgages prevents foreclosure.
40. Vdubs is a bad car.
41. Foreclosure is a bad thing you should not be thankful for.
42. Ch. 13 bankruptcy is morally better than not paying back a Single Dirty penny™.
43. Begathons™ are humiliating and they only work once.
44. Napping is not a good way to stop foreclosure.
45. Those sweet deals™ you typically find in your spam folder aren't all good™.
46. College education is quite beneficial-especially economics, business, and accounting. Even if you're an Entrepreneur™.
47. If you have a lot of Haterz™, there's probably good reason why they Hate™.
48. Being the "World's Most Hated Blogger™" is not something to be proud of.
49. Financing your house with Caseyloans™ is a bad idea.
50. And finally, Napping™ does not help avoid foreclosure.
Maybe I should write a book about this book. Just like there's blogs about this blog. Like this one
