All Posts Tagged With: "financial decisions"

Extreme Home Makeover:
Foreclosure Edition

Via MSNBC:

This Feb. 2005 picture shows the Lake City, Ga. home which was the subject of the “Extreme Makeover: Home Edition” television show. More than 1,800 people helped demolish the Harper family’s decrepit home and replace it with this sparkling four-bedroom mini-mansion that towered over ranch and split-level homes in their Clayton County neighborhood. But three years later, the home has become the latest victim of the foreclosure crisis after the family used it as collateral for a $450,000 loan. The two-level home is set to go to auction on Aug. 5.

Materials and labor to build the home were donated, the story reports, and $250,000 was raised for the family, including scholarships for the three children as well as for a home maintenance fund. As you might expected, upon hearing the news, 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.