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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.
idiots, why not give those who appreciate it. They better not bail them out, this is true hard knocks lesson!
maybe they need to screen the families better…..this family probably needed help because they obviously dont know how to manage money. The had someone dig them out of a hole, and proceeded to dig an even bigger one by taking a loan for nearly half a million on a house that was paid off for them…let them lose the house, they dont deserve it! Giving these families enormous houses also seems great but then they have to maintain and pay huge bills for them. A similar thing happened with one of the EHM Homes in new jersey…the family couldn't afford the bills and ran into some trouble also.
This show in itself does good work. The fact that these people are about to be put out of their home is ONLY because of their failure to take proper care of what was givent to them. Even with the taxes going up on a larger, more expensive home, the $100K and what ever jobs they had would take care of them. They used their 2nd mortgage like a money machine and then want to cry out that it's the shows fault somehow for getting them into this jam. SHAME ON THEM for not taking care of such a wonderful gift.
Re: al – they are a black family dumbass there are pics on the web.
Greedy fools, they deserve to lose their house!
So ABC bought them a house and they decided to put it in jeopardy by taking out a mortgage they couldn't afford? This is the reson for the "mortgage crisis" to begin with. All these peoploe should have to deal with the consequences of their horrible decisions.
How in the world were those people allowed to take out a $450k second loan on a "free home"? A lot of comments are blaming the family, but they only took what they were offered by someone who was supposed to know what in the hell he/she was doing.
Thats absurd, they did not need a second chance, I can't believe that douchebag paid off their second mortgage. This is show perposterious to beging with.
A money management course would benefit most of the recipients. I still think charity can be magnificent, but a lot of people are in pickles because they have no money skills to start with. Breaking the cycle to maximize the gift could help them to make the best of their new situations.
No wonderthey were on that show in the firstp lace, stupid freeloaders. I hope they lose their home.
Don't you need a matching income capable of paying back a $450,000.00 dollar loan? What exactly are the lending prerequisites in the States? WTF. Now the bank will likely own a brand new home, along with thousands of foreclosed others.
A lot of people helped build that house, now look what the greedy people have done. What a waste, I hope no one bails them out of this. Pieces of trash!!!!
It's not just about charity. ABC already got their ratings. The recipients are the losers here, unless the new loan is now in an offshore account somewhere.
I'm not surprised…while there are deserving families in dire circumstances not of their doing, many of the families you see on this show are in that situation because of their actions. For example, when a couple decides to have 8 kids have they considered what could happen when one/both die? Did they consider that one parent may not be able to afford to raise that many kids on 1 salary? Did they bother to get life insurance? And so on, and so on…
Re: lisa – the house was used as collateral and that is how they got the loan. i'm sure they put together a business plan that showed they would have the income to repay the loan. They took a risk and it did not pay off. the bank did not take a risk because they held collateral. You shouldn't look to the bank as evil because the family's business venture did not work out………
Re: @v@ – DO YOU WORK AT A BANK!
charity begins at home, whenever you give to charity you are making people poor. Giving to charity only perpetuates desperation, the act of giving to charity can only confirm desperation. there is no need for it (charity) it causes greed and corruption.
Something told me these people would be black, so I googled them and guess what!! They are black. I can't believe it. They're usually so good with money. It's also very rare for charities and shows like this to be constantly giving shit to black people, so what were the odds?
I really hope that the show does not bail them out !!! I can't see them doing that - they deserve to lose it!!!! greddy
Re: al – YOUR FUCKTARDED!
Re: ken –
You are correct. The same is true about welfare. When you give people something for nothing, they don't appreciate it, they squander it, and then they feel entitled to more!
Lynne, not sure what's got your panties in such a knot, but how is Perez a douche (or, for that matter, furthering is slanted agenda) by reporting a story exactly how it's written in the news story?
And when a property is foreclosed UPON, it is public record. The bank wouldn't have to comment. The bank statement in the news article is perfectly valid.
So you live in Atlanta. How the hell does that make you more equipped to speak to this article. I live in Atlanta as well. Does that make me smarter on the topic? No, but the fact that I understand the foreclosure piece makes me smarter than you, you self-made douche.
Well, what was expected. This show does some good and it's a grateful thing to give a needy family a home but the reality is this: These families were needy because of financial handicapps. Most of them were unable to provide for themselves hence acquiring the assistance from an outside source. I'm not pointing out the negative just the reality of it all. Best of luck to the extreme makeover family. Maybe the show should offer financial managment classes in addition to a multimillion home. Just a suggestion.
[re=2652591]Re: MmHmm[ MORE WHITE PEOPLE ARE IN DEBT BECAUSE THEY USUALLY GET APPROVED FOR CREDIT MORE OFTEN AND RUN THE SHIT UP AND THEN CAN'T PAY IT BACK! FUCKTARD!
OBAMA '08 ACTUALLY THE LOVE OF MONEY IS THE ROOT OF ALL EVIL.
Re: LettyB –
Where is your proof ??
HAHAHA
i live right around the corner from this home. it's the nicest house in the ghetto! i also know people who went to school with the families kids. nothing but a bunch of hoodrats who stay unemployed and think they're hot shit because they got "they house fixed up."
Re: Toodl – Good Point!
The house is 5,300 square feet! I am sure they had to pay HUGE gift taxes when they got it and much higher property taxes and insurance just to stay in it. With the mortgage crisis the way it is, the value of the home probably tanked after they got their loan. This has nothing to do with greed - Extreme Makeover gifted them a house they could not afford! Why is that the family's fault?