Posted: 7/28/2008 6:37:29 PM EDT
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Extreme makeover house goes into foreclosure Extreme makeover house faces foreclosure LAKE CITY, Ga. - 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................... ...................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. So they got a free house on this tv show......then turned around and mortgaged it for half a mil........and now it's all gone. I'm not really sure what to say. Anti-dupe search terms.........extreme, makeover, foreclosure |
They were using someone elses money. |
So what. People use other people's money all the time. Did you pay for your house outright? Or, do you have a mortgage? Did you buy your car outright? Or, do you make payments? Do you use a credit card? Hey, you me, and every other joker is using someone elses money. Does not matter if they were given the house as a gift. It was theirs to use, they used the money as collateral to start a business. Yes, it failed, but it was theirs to do with as they pleased. |
The Harper Family The New house  The Story
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"Life for them in the projects was tough enough, but the tragedy of their son's death prompted the couple to work even harder and get their family out of there. After putting in long hours and saving up every penny they had, the Harpers packed up their kids and bought their first home, a 1400 square-foot, four-bedroom ranch house just outside Atlanta." Yeah, sounds like they were afraid of a little work. I'm sure a little book learnin' went along with that. |
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It is nothing new. A classic example of the fact that you either know how to make smart decisions with money, or you don't. Going almost a half mil in debt, putting up a free and clear brand new home, for a very expensive business startup. Likely riddled with mistakes from the word go. |
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Call it example #8973291821 of why you cannot buy someone out of chronic stupidity. At least this instance wasn't 100% funded by our tax contributions. Innumerable occurrences of similarly well intended but equally doomed social engineering efforts happen at less grandiose scales every day. |
| Pathetic. That family got a nicer house than many of us will ever see...for free...and pissed it away trying to run a CONSTRUCTION company? That's what's wrong with this country, no one has any gratitude for anything. They were living in squalor and were miraculously given a new chance at life, and they threw it away and are probably living in section 8 housing again. I'm actually really surprised there wasn't some kind of "no sell" clause in their contract for the house, to prevent unscrupulous families like this from profiting off of charity. |