By JLP | July 30, 2008
This is unbelievable: ‘Extreme Makeover’ house faces foreclosure.
From the article:
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.
Wow! They had it all and now are losing it all. According to the article, in addition to the house, which was valued at $450,000, the family received an $250,000 and college scholarships for their kids. So, if I’m understanding this correctly, this couple blew through $700,000 in 3 years.
This is why I didn’t care for “Extreme Makeover.” They gave people way more than they were capable of managing. I realize the show is called “extreme” for a reason but this just seems crazy to me. Wouldn’t it have been just as extreme to build five $90,000 homes for five families instead of one $450,000 home for one family?
They gave this family too much and they just weren’t smart enough to handle it. Sad.
I wonder how the other “Extreme Makeover” families are doing?
Thanks to AFM reader, D.B., for the link.