ABC’s Extreme Makeover television show is popular with viewers because it can really change people’s lives. The show works with local volunteers to rebuild homes for deserving families and even raise money to give them a way to maintain those homes. Sometimes money is even raised for other expenses to ensure that the family gets a good start in their new life.
One such home, the largest ever built by the Extreme Makeover team is now facing foreclosure due to bad choices made by the family who received the home. Apparently, the home, which cost $450,000 to build was put up as collateral for a loan. The family failed to pay the loan back, and the house is scheduled to be auctioned off by the bank on August 5th.
The home was built three years ago in Lake City, Ga, by the Extreme Makeover Home Edition team and local volunteers, such as the Lake City Mayor. He told the Atlanta Journal-Constitution, a local newspaper, that he was angry. “You do that much work and they just squander it,” he said.
The home has been described as a four-bedroom mini-mansion that featured an entrance lobby with four fireplaces, decorative rock walls, a three-car garage, a solarium, a music room and a plush office.
ABC released a statement that said that although it advises each family to seek a financial planner, that financial matters are personal.
Along with the home, the family was given $250,000 in contributions that included scholarships for the children.
How do you feel about this story? Are you angry that this family “wasted” the opportunity to raise their children in a beautiful home for which so many people gave their time, energy and goods? Do you sympathize with the family who made bad choices and now may be homeless? Do you wish Extreme Makeover would come and give you a new home? I’d love to hear from you!
Mary Ann Romans writes about everything related to saving money in the Frugal Blog, technology in the Computing Blog, and creating a home in the Home Blog. Starting June 1st, don’t miss her articles in the Baby Blog. You can read more of her articles by clicking here.
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