Here is some free financial advice for our readers: If you can't afford it, don't buy it!
Apparently no one ever told Dina Lohan that because she's $1.3 MILLION in debt.
Not only is her $1.1 million Long Island home facing foreclosure because she discontinued making monthly mortage payments back in 2010, but public court records reveal A LOT of other outstanding debts.
She owes a former business associate $302,000 for a loan to get Lindsay Lohan's singing career started, $16,138 to a divorce lawyer, $5,046.20 to a landscaper (for work he did in 2007), $2,236.26 to a dentist and $27,100 for a BMW lease she clearly couldn't afford.
There's nothing wrong with settling for a Toyota Camry, gurl!
We're not sure how she is getting out of this mess because it sounds like LiLo already lent her all the money she's going to lend her.
But wait, is that another reality show on the horizon?
Ha! Dina wishes!
[Image via WENN.]
Tags: bmw, debt, dina lohan, landscaper, lease, lindsay lohan, manager, mom, mortage