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Extreme Home Makeover has it's first Foreclosure

By
Real Estate Agent with Group 46:10 Network @ eXp Realty AZ Lic# SA663942000

It was very sad news to hear that a family who was blessed ot be chosen to receive a new home from ABC's Extreme Home Makeover, made a series of poor decisions resulting in a pending foreclosure.

I don't beleive that they should have been allowed to take out such a large mortgage against a home that was given to them. Perhaps Extreme Home Makeover will now put some sort of deed restriction on the homes - and they should be able to do this.

I sincerely pray that this is not going to be an epidemic. Those folks so such great work, and most of the people I do not beleive would ever squander their finances the way this family has.

You can read the full story here.

Comments(2)

Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic

I read about this today. What would possess them to do such a thing. Here was a gift fro their family and they threw it all away.

Jul 29, 2008 09:38 AM
Andrew Trevino
ADT Real Estate - Wilkes Barre, PA
Wilkes-Barre Homes For Sale

This really does go to show you that you have to change the behaviours that get people in trouble to begin with. It's like debt consolidation. For some people, it just opens the door to even more debt. You have to change the mindset.

Jul 29, 2008 02:34 PM