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'extreme Home Makeover' House Threatened With Foreclosure

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CLAYTON COUNTY, Ga. -- An Extreme Home Makeover may be going bust. The first metro family who got a new home is facing foreclosure.

Channel 2 followed the progress as an army of volunteers swarmed a Clayton County neighborhood to build a new home for a deserving family on “Extreme Makeover: Home Edition” in 2005. When the show came to town, no one could have predicted what would happen less than four years later -- foreclosure.

A foreclosure notice appeared last Friday, a $450,000 second mortgage they took out less than 15 months ago was in default.

Patricia Harper, the homeowner, told Channel 2 she and her husband had struck a deal with Chase Home Finance to rescue their "extreme" home. Chase said they couldn't confirm that claim.

SLIDESHOW: Clayton County Extreme Makeover

“I didn't really know what the circumstances were, I was kind of surprised. I was really surprised to read that,” said neighbor Doris Rhodenizer.

Lake City mayor Willie Oswalt was among the 1,800 volunteers helping "Extreme Makeover: Home Edition" build the Harper’s new home 3 ½ years ago. Beazer Homes of Atlanta was the main sponsor. The mayor said he is baffled.

“Beazer gave them $100,000 cash, paid their mortgage off and they still can't make it," said Oswalt.

Harper told Channel 2 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.

“What’s going to happen is instead of keep paying my mortgage, I’m going to take my money and not pay my mortgage because I’m being harassed,” said Harper.

Atlanta law firm McCalla Raymer represents Chase. They wouldn’t talk about it except to say federal law bars Chase from talking without Harper’s permission. Harper said that if Channel 2 wanted proof the foreclosure is off, we should show up at the courthouse next month to watch it not happen.

http://www.wsbtv.com/news/16980412/detail.html

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CLAYTON COUNTY, Ga. -- An Extreme Home Makeover may be going bust. The first metro family who got a new home is facing foreclosure.

Channel 2 followed the progress as an army of volunteers swarmed a Clayton County neighborhood to build a new home for a deserving family on “Extreme Makeover: Home Edition” in 2005. When the show came to town, no one could have predicted what would happen less than four years later -- foreclosure.

A foreclosure notice appeared last Friday, a $450,000 second mortgage they took out less than 15 months ago was in default.

Patricia Harper, the homeowner, told Channel 2 she and her husband had struck a deal with Chase Home Finance to rescue their "extreme" home. Chase said they couldn't confirm that claim.

SLIDESHOW: Clayton County Extreme Makeover

“I didn't really know what the circumstances were, I was kind of surprised. I was really surprised to read that,” said neighbor Doris Rhodenizer.

Lake City mayor Willie Oswalt was among the 1,800 volunteers helping "Extreme Makeover: Home Edition" build the Harper’s new home 3 ½ years ago. Beazer Homes of Atlanta was the main sponsor. The mayor said he is baffled.

“Beazer gave them $100,000 cash, paid their mortgage off and they still can't make it," said Oswalt.

Harper told Channel 2 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.

“What’s going to happen is instead of keep paying my mortgage, I’m going to take my money and not pay my mortgage because I’m being harassed,” said Harper.

Atlanta law firm McCalla Raymer represents Chase. They wouldn’t talk about it except to say federal law bars Chase from talking without Harper’s permission. Harper said that if Channel 2 wanted proof the foreclosure is off, we should show up at the courthouse next month to watch it not happen.

http://www.wsbtv.com/news/16980412/detail.html

this happened in the last big oil crisis. People became so risk blind that they morgaged their house to build their businesses and when the crunch came the house went along with everything else. I also knew someone with a small company who always threw the personal guarantor documents in the bin when he got them because he knew the bank would give the overdraft anyway, they were just trying it on - probably not anymore.

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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