I often wonder about the families in distress that are helped by these type of shows; how did they get in such bad shape, how do they fare after the cameras leave.
Now we have the answer - they get in trouble because they have no financial sense at all. Zero.
Seems that Access Atlanta doesn't play nice without registration, so the article is below.
'Extreme Makeover' house in foreclosure
Clayton County family may lose luxury remodeled home in Lake City
By STAFF REPORT
accessAtlanta
Published on: 07/25/2008
From extreme makeover to extreme foreclosure?
A Clayton County family that got the area's first luxury remodeling job from the television show "Extreme Makeover: Home Edition" now faces foreclosure, according to television news reports.
A foreclosure notice on the home in Lake City appeared last Friday, indicating that a $450,000 second mortgage the owners took out less than 15 months ago was in default, WSB-TV reported.
Patricia Harper, the homeowner, told WSB she and her husband had struck a deal with Chase Home Finance to rescue their "extreme" home and that there will be no foreclosure auction. Chase said they couldn't confirm that claim.
Harper told WSB they invested the loan proceeds in a construction business and the business hasn't been good. She didn't say how much of the money is left.
The home at 5489 Ahyoka Dr. has 5,500 square feet after the 2005 makeover, WGCL CBS46 reported.
Lake City mayor Willie Oswalt was among the volunteers who helped build Harper's home 3 1/2 years ago, and Beazer Homes was the main sponsor. The mayor told WSB he is baffled.
"Beazer gave them $100,000 cash, paid their mortgage off and they still can't make it," said Oswalt.
Posted by Vox at July 25, 2008 11:27 AM | peopleGoes to show. You can lead a horse to water but you can make them get their head out of their asses.
Why do you think these people needed a house in the first place? School drop outs, undedicated, zero work ethic, and no financial sense. Give me $450,000 and in 20 years I'll send 200 kids to college every year. These jackasses blew it.