Ever wondered what becomes of the in-need families that get a new home free and clear as part of the hit television series “Extreme Makeover: Home Edition”? Wonder no more, at least in one family’s case:
More than 1,800 people showed up to help ABC’s “Extreme Makeover” team demolish a family’s decrepit home and replace it with a sparkling, four-bedroom mini-mansion in 2005. Three years later, the reality TV show’s most ambitious project at the time has become the latest victim of the foreclosure crisis. After the Harper family used the two-story home as collateral for a $450,000 loan, it’s set to go to auction on the steps of the Clayton County Courthouse Aug. 5.
So the happy new homeowners — free from a mortgage — used the home as collateral for nearly half a million in a loan to start a construction business. Which failed. And left them holding the bag on a loan they now can’t afford to repay. This is one foreclosure that doesn’t deserve to be stopped, and that’s not passing judgment on the family is question, who I’m sure gave the construction business as good a go as they could. Not surprisingly, those who helped the family back in 2005 aren’t thrilled:
Some of the volunteers who helped build the home were less than thrilled about the family’s financial decisions. “It’s aggravating. It just makes you mad. You do that much work, and they just squander it,” Lake City Mayor Willie Oswalt, who helped vault a massive beam into place in the Harper’s living room, told The Atlanta Journal-Constitution.