Beazer Foreclosure
‘Extreme Makeover’ house faces foreclosure. Are these people victims?
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. The couple did not return phone calls Monday, but told WSB-TV they received the loan for a construction business that failed.
Materials and labor were donated for the home, which would have cost about $450,000 to build. Beazer Homes’ employees and company partners also raised $250,000 in contributions for the family, including scholarships for the couple’s three children and a home maintenance fund.
Victims of stupidity only.
EM may give people with financial struggles huge homes, but they usually also get someone to pay off the mortgage and give them money to cover the extra expenses of a bigger house! The show knows these people would otherwise quickly end up like this.
These people were just plain stupid. If you owned a house free and clear and you chose to borrow money against that, there’s no reason to feel sorry for you when you lose it. That’s no one’s fault but your own.
Beazer Home Owner Retraction 1 of 3 not in Foreclosure
