Extreme Foreclosure
Filed under: TV News
Who's going to bail them out now?????
An Atlanta home that the Extreme Makeover: Home Edition folks refurbished is in foreclosure danger, according to a new report.
The owners, Patricia and Milton Harper, reportedly took a $450,000 second mortgage on the home about 15 months ago and have defaulted on the loan.
One of the homeowners said they struck a deal with their bank to rescue their "extreme" home and that there will be no foreclosure auction.
But, the bank would not confirm that claim.
The report goes on to point out that the loan proceeds were invested in a failed construction business.
A city official, who volunteered to help the ABC show create the 'dream home', expressed surprise that the family is in a foreclosure predicament.
He said the local contractor who 'sponsored' the ABC rebuild effort paid off the Harpers' mortgage AND gifted the family with $100,000.
Crazy!
Sounds like the family wasn't too smart with their finances.
[Image via WENN.]
second??
Barack Obama hates whites.
Idiots.
Barak Ohbama dislikes white folk.
Greed. That is what greed does…it destroys. They just weren't happy with the FREE home and the $100,000 gift from the contractor. Nope, needed more more more and now they will be homeless.
SMAART.
I bet your taxes go up when they make your house bigger and those poor people they help can't afford it.
dumb-ass
that sucks. i hope they were grateful for what the got though
I knew there would be a predicament somewhere along the way with those over-the-top houses full of poor people. Nobody would know how to handle that much change. I bet there's been more problems than this.
Stupid family had your opportunity to change your lives and effed it up! Good f'ing job
fourth?
Re: stack – haha true dat
Thats the families fault, they tried to make a dollar out of a gift and it back fired. Hope they are able to keep their house. Great show though
no b, first.
That is so freakin' crazy, I knew those shows are too good to be true
You can put trash in a mansion, but it's still trash. Most of these people are in the bad situations because of their own irresponsibility coupled with bad luck. Take away the bad luck and they'd still live in shitty houses for their whole lives.
What stupid idiots! Sounds like they deserve to loose thier home!
people can be so damn greedy!!!!!!! what a bunch of retards.
Get us some more Warren Beatty gender confused kid dirt .
I am also looking for John Edwards bastard alert dirt.
The real bastard is John Edwards - the innocent baby is going to
he heir to an ambulance chaser. Not bad.
Sounds like the family are a pack of schemers — so they used the FREE house given to them to sink a loan on a business venture — those greedy folks should NEVER have received a house to begin with !!!
Re: Caspe – and what exactly is the point of that? that had nothing to do with this poist. and sdh@f: its BARACK OBAMA. idiot.
Why do krackers spike thier hair like that and try to pass it off as "style". . .It looks like he glued a chicken's ass to his head.
greedy ass motha frickers.
That is what happens when you provide 'trash' with something nice. Just saying.
STOOOPS!!!!!
Dumbasses…
And the comment about taxes…you're an idiot…if someone gives you $100k and pays off your mortgage, you should have plenty of dough to pay your bloody taxes…
Greedy fuckers got what they deserve…
Fricken retards! Straight RETARDSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!! Someone should really hand them a BOX to live in and thats it…lol
If they hadn't tried to make money on a house that was GIFTED to them, it wouldn't have been a problem. $450,000 second mortgage??? Who would do that?
Re: Krack – LOL!
WHO CARES?????????!!!!!!!!!!!!!!!
Re: Carri –
Yes I am certain that taxes go up when you are in a larger, nicer home. However, that is why you take that 100,000, put it in a saving account and pay your taxes each year. Not blow it and then get a second mortgage for 450,000 AFTER the money is gone. Just goes to show that putting uneducated trash in a nice home is nothing more than just that. It is pretty sad because a home like that could've done much more for someone who valued it.
You forgot to stress SECOND mortgage - since the other was paid off AND they had 100k in cash, this means they already HAD a first mortgage AFTER getting the house. THEN got a second, THEN blew ALL the money - that'd be more than 1 million dollars if you go by two 450k mortgages and 100k in cash.
Re: Krack – Oh Snap! Oh yeah, well at least we don't grease the wheels w/ our hair!
Perez, you douche: The bank wouldn't comment yes or no, because BANKS DON'T COMMENT ON AT ALL ON PEOPLE'S FINANCES!!
they were probably scamming for the makeover so they can get a nice fat check from the bank.
It's so sad, another family could have really benefit from an entire redone brand new home.
If this is true and they were that idiotic with their finances, then they deserves to lose their house.
THIS IS AN EXAMPLE OF PURE GREED! WHAT DO EXPECT FROM REALITY SHOWS, IT'S ALL BULLSHIT!
Re: DanaMarie=] –
Obviously you, or you wouldn't have made the effort to post here. Duh.
It is insane! They treated the house like an ATM and now might lose it. they could not just be happy with the charity! Doesn't matter. Bush will save them. Just like he is going to save all the minimum wagers who thought that they could afford a 400K house on a BK Salary
Re: Frank – GREAT POINT!
Perez, you douche: The bank wouldn't comment yes or no, because BANKS DON'T COMMENT AT ALL ON PEOPLE'S FINANCES!! You're so busted that you DO SLANT entries according to your agenda.
I live in Atlanta where this is taking place. Get the facts you DOUCHE!!!
sounds like some greedy fucking people weren't thankful for what they got!! serves them right! I wish someone would do that for me if I owned a home!
i can understand that bigger home can cost more on tax but com'on free home w/o mortgage & $100,000. how could u f' it up that bad obviously it 's home owner fault. i agree with the other comment " put trash in a mansion, but it's still trash". suck to be them have a life time opportunity and still f' it up that bad.
That's what happens when you give financially struggling people more than they can handle. I've always hated this show and this is mainly why. There are better ways to help good people than giving them a big screen TV and stainless steel kitchen. Shame on this show… hopefully this will be a lesson and they will reconsider the theme.
what an asshole family.
That is pretty pathetic! But then again..some lottery winners have lost everything too! Money is the root of all EVIL!!!
What a bunch of idiots. Free and clear and stupid enough to take a 450,000.00 loan and lose the house.
I would love to know what idiot bank approved that second mortgage. Entirely the fault of the homeowners, but still.
Greed it is . They take a free house and ruin it. They even paid off their other house so it shouldn't matter if the taxes went up. Typical losers.
that's what happens when you help poor stupid people, they fuck you everytime… people don't need handouts because they have no respect!
naggers
Greedy idiots…This is why "welfare" doesn't work.
Thats why stupid fucking Darrels don't deserve the shit they get on the show…I mean really come on…really. There's a reason why people deserve those kinds of properties,the ones that work hard and earn it! Evolution is a mother fucker and these people are going to make the cut.
$50 they'll sue someone and blame all of this on someone else.
Exteme Home makeover did a home in my area. The family ended up having to sell it because they couldn't afford the taxes since the value of their home had suddenly gone up.
stupid fuckin idiots. the average person would be thrilled and satisfied with what they got for the rest of their lives.
i hope they do lose that house and i hope someone deserving can get that dream home. i know it is a dream home too if extreme makeover home edition stepped in.
stupid dumbass family.
gee i wonder why those people needed an extreme home makeover in the first place? could it be that they are financially incompetent and that they caused their own problems. There is no "magic" fix and people need to work for what they have and take responsibility for their actions.
Re: ert – fuck you dude. perez get this shit off or at least charge his ass to put it here!
Ofcourse they don't make good choices, that's why they needed the house in the first place, idiots. It takes alot of balls (or stupidity) to take something so great that was GIVEN to you for a second chance and F it all up.
You don't grease the wheels because you have too much lice running through your hair. Pasty face Kracker
When families are "gifted" with having their homes made-over by Extreme Makeover, they are bumped up into a higher tax bracket and heating and energy bills mount-up because the homes have enormous vaulted ceilings. Most likely the family in Atlanta spent their money paying for their "gift."
Toodl - are you stupid??????
This example has nothing to do with Welfare . . .
Isn't this where they allegedly declare personal bankruptcy, and then fly off mysteriously to an island somewhere? There's always someone somewhere ready to give receipt of charity a really bad, effing name. Bad apples.
Wow. What a tragedy! Such tragic ignorance! Seems like ABC might wanna initiate as contractual agreement on the new home giveaways? To assure the kids have beds to sleep in? "Thou shalt not jeopardize your kids by taking on home equity loans with the gift we're giving you?" They probably should have a FINANCIAL ADVISOR/TAX CONSULTANT forced upon them, too, for the next 3-5 years? BTW: taxes? Max of $4k/yr, I'll bet… Energy? Maybe $2000/yr MAX? Interest bearing account on the $100k? They woulda been SET for LIFE!
this is why charity doesn't work, anything you get for free has no value. Therefore the next time a bum asks you for a handout simply instruct them that "I cannot give you anything you don't already have" A handout is worth nothing and if you are poor looking for handouts it is because you can only receive what you give. No body should feel a sense of obligation to help these people because they are beyond help. They have lost sight of everything valuable in life.
Re: Krack – You're a stuck throwback. Use your nasty energy towards something productive. Don't you knot that you put out there comes back to you ten-fold?
Re: Nyssa – dont they get a disclosure of this? you cant sit on your ass the rest of your life after extreme makeover comes and saves you! fucking deal with it people!
people are so fucking greedy. nobody should bail them out. let them loose their house. why should my tax dollars go to help people who take out a heloc to buy expensive cars & go on trips they can't afford when i barely get by working my ass off & paying my mortgage & my 100k in student loans.
we are so mexico now—
Re: ken – you are basically right. while 8 months pregnant i worked in the city and they would ask me for money. i offered to buy them a burger at mcdonalds. needless to say, they never accepted and i never gave them a penny!
Re: al – wtf is that supposed to mean ass hole?
Extreme makeover remodeled a home for a family in my local area and the mother was on the local news prior to EM explaining she cannot afford to feed her 7 kids(sextuplets +one) and the house was in foreclosure (small average house). About a year later I hear that this same family was receiving an Extreme Makeover on their house and it was a huge ass house. (Don't know how she received that big house for EM to do a makeover in the first place). My thought was if she couldn't afford to feed the kids and pay a mortgage what the hell is she doing with this large new home and afford to pay all the utilities.