Chances are you have at least heard of the ABC hit show, Extreme Makeover, hosted by Ty Pennington.Â The show has won two Emmy Awards for Outstanding Reality Program, plus the People’s Choice Award for Favorite Reality Show/Makeover and the Family Television Award for Best Alternative/Reality Program.
If you haven’t seen it, the show is about a team coming in to a run down home of a “deserving” family and giving it a complete makeover, sometimes even tearing the home down and rebuilding a new one, which was the case with the subject property.Â They will go anywhere to help a family in need, so you can imagine their surprise when they found out the subject home was facing foreclosure.
The property, located in Lake City, GA in Clayton County and owned by the Harpers, was torn down and replaced with a huge 4 bedroom, 3 car garage monstrosity with multiple fireplace, rock walls, a solarium, and an office.Â The Extreme Makeover crew, Beazer Homes,Â plus a bunch of volunteers completed this project in 6 days.
What happened to this family that they are headed to foreclosure?
After the home was completed, the Harper family apparently wanted to go into the construction business and used the house to obtain a cash out refinance of $450,000 to start their business.Â Fast forward a bit and we find the business failed and the Harpers stopped their mortgage payments.Â Now we have a FREE Extreme Makeover home headed to the Clayton County Courthouse steps for auction on August 5, 2008.
Think they should be bailed out?Â They already got one free ride, why not another?
Now, let’s add the fact that the family had also received $250,000 by Extreme Makeover as a home maintenance and scholarship fund.Â Still wondering why they are now facing foreclosure?
Well, maybe Suze Orman or David Bach could have saved this family, though I doubt they would even listen to them.Â If someone can “blow” $450,000 and maybe even the other $250,000, they are beyond help.Â Maybe they just took the money and “ran”, walking away from their mortgage.Â That would mean they are definitely beyond help, at least in the ethics department.
So, what can everyone learn from this?
If someone, or family, does not have money “at risk”, they are highly likely to default as it won’t cost hardly anything and the fact they simply don’t care.Â So, you can decide what you want, but the Harpers are far from victims here, except maybe victims of their own greed and insensitivity.
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