Home Built By ‘Extreme Makeover: Home Edition” In Trouble
A home in Lake City, Georgia is in Foreclosure. Not just any home. A home built by ABC's 'Extreme Makeover' crew. The story was written by Dawn Wotapka of The Wall Street Journal.
The Harper Family were the lucky recipients of this "gift house." The original problem that brought ABC to their doorstep was a faulty sewage system that leaked into their house when it rained. The episode was aired back in January 2005.
The home was going to be foreclosed and auctioned off at the Clayton County Courthouse Today, August 5th, because the family used the home as a collateral for a $450,000 loan to finance a construction company that in the end never really took off, leaving them with a BIG debt in their laps. An email to the Atlanta Journal Constitution from ABC included this quote “Extreme Makeover: Home Edition” advises each family to consult a financial planner after they receive their new home. Ultimately, financial matters are personal and we work to respect the privacy of the families.” Obviously, the Harpers didn't take the advice.
An update from the Wall Street Journal, however, states that the homeowners are working with the Chase Mortgage Loans Company to form a repayment plan that will allow them to keep the home and pay off the loan.
What do you think? Did this family "abuse" what they were given? Do they deserve to keep the home? What would you do if you received such a grand gift?