'Extreme Home Makeover' House Threatened With Fore
 

'Extreme Home Makeover' House Threatened With Foreclosure

CLAYTON COUNTY, Ga. -- An Extreme Home Makeover may be going bust. The first metro family who got a new home is facing foreclosure.

Channel 2 followed the progress as an army of volunteers swarmed a Clayton County neighborhood to build a new home for a deserving family on “Extreme Makeover: Home Edition” in 2005. When the show came to town, no one could have predicted what would happen less than four years later -- foreclosure.

A foreclosure notice appeared last Friday, a $450,000 second mortgage they took out less than 15 months ago was in default.


http://www.wsbtv.com/news/16980412/detail.html

Re: 'Extreme Home Makeover' House Threatened With
 

So sad that people can't be good stewards!

Re: 'Extreme Home Makeover' House Threatened With
 

It was one of the biggest houses to date --can you imagine losing a free mansion?!

Re: 'Extreme Home Makeover' House Threatened With
 

I heard this on the news and thought how could anyone do such a thing. The family gets blessed with a makeover and then it's threatened with foreclosure.

Re: 'Extreme Home Makeover' House Threatened With
 

Some of them get the mortgages paid off by the builders some don't. The taxes must be huge too.

Re: 'Extreme Home Makeover' House Threatened With
 

They took out a second mortgage?!?!??!?!?!?!?

Re: 'Extreme Home Makeover' House Threatened With
 

Their mortgage was paid off and they got $100 thousand dollars? Wow, they did get themselves into a mess.

Re: 'Extreme Home Makeover' House Threatened With
 

Yes, and invested the free $100 thousand dollars into something that turned out to be a bad investment. Hence the 2nd mortgage.

Re: 'Extreme Home Makeover' House Threatened With
 

In those types of situations, the person receiving the house should not be able to borrow against it. Someone else maybe should hold the deed to the home. Its just a shame ,,,,

Re: 'Extreme Home Makeover' House Threatened With
 

:crazy