Thursday, September 4, 2008

Extreme Makeover Rebuilt House In Foreclosure

If you have ever seen the Show Extreme Makeover: Home Edition then you know that behind the efforts of the show is a well intentioned motive to help people who in most cases through no fault of their own find themselves in distress with regard to their housing situation. Sometimes the best intentions dont always turn out for the best however.
In 2005 the show took on its biggest project up to that time. It renovated the largest home it had ever done for the Harper family who lived in Georgia. It took a total of 1800 volunteers only six days to tear down the old structure which had a series of problems, not the least of which was that the sewage system used to back up into the home, and replace it with a new, modern updated mini mansion basically.
Ater the home was completed the Harpers decided to take out a loan for $450,000 using the house as collateral in order to finance a new constuction company that they wanted to start. The company failed and the loan came due and the Harpers could not make the payments that were owed. The house went into forclosure and was auctioned off on August 5th.

No comments: