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07-30-2008, 10:46 AM
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Incredible India
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Join Date: Feb 2007
Location: Ca
Posts: 6,044
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'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
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07-30-2008, 10:47 AM
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My Family!
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Join Date: Feb 2007
Location: Collierville, TN
Posts: 31,786
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Re: 'Extreme Home Makeover' House Threatened With
So sad that people can't be good stewards!
__________________
Master of Science in Applied Disgruntled Religious Theorist Wrangling
PhD in Petulant Tantrum Quelling
Dean of the School of Hard Knocks
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07-30-2008, 10:50 AM
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Incredible India
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Join Date: Feb 2007
Location: Ca
Posts: 6,044
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Re: 'Extreme Home Makeover' House Threatened With
Quote:
Originally Posted by rgcraig
So sad that people can't be good stewards!
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It was one of the biggest houses to date --can you imagine losing a free mansion?!
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07-30-2008, 10:50 AM
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Prayerful lives are powerful
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Join Date: Feb 2007
Posts: 2,711
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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.
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07-30-2008, 10:52 AM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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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.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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07-30-2008, 10:54 AM
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Registered Member
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Join Date: Mar 2008
Location: Jackson, TN
Posts: 869
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Re: 'Extreme Home Makeover' House Threatened With
They took out a second mortgage?!?!??!?!?!?!?
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07-30-2008, 10:55 AM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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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.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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07-30-2008, 10:57 AM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: 'Extreme Home Makeover' House Threatened With
Quote:
Originally Posted by steve p
They took out a second mortgage?!?!??!?!?!?!?
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Yes, and invested the free $100 thousand dollars into something that turned out to be a bad investment. Hence the 2nd mortgage.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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07-30-2008, 10:58 AM
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Registered Member
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Join Date: Mar 2008
Location: Jackson, TN
Posts: 869
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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 ,,,,
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07-30-2008, 11:00 AM
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Incredible India
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Join Date: Feb 2007
Location: Ca
Posts: 6,044
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Re: 'Extreme Home Makeover' House Threatened With
Quote:
Originally Posted by steve p
They took out a second mortgage?!?!??!?!?!?!?
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