July 29, 2008

No good deed ...

Let's see .... you get a FREE house worth approx. $450,000. You get a FREE $250,000 for your kids' scholarships and for home maintenance.

Then you blow it:

More than 1,800 people showed up to help ABC's "Extreme Makeover" team demolish a family's decrepit home and replace it with a sparkling, four-bedroom mini-mansion in 2005.

Three years later, the reality TV show's most ambitious project at the time has become the latest victim of the foreclosure crisis.

After the Harper family used the two-story home as collateral for a $450,000 loan, it's set to go to auction on the steps of the Clayton County Courthouse Aug. 5.

$450K loan? Yep -- they attempted to start their own construction business. Which failed. But ... how are they "victims" of the foreclosure "crisis?" They took out a huge loan for a risky business ... and it didn't work. It's called RISK. The difference here is that the Harper's used what was given to them out of kind-hearted (and well publicized) charity, and they blew it. Are we supposed to feel sorry for them?

Some of the volunteers who helped build the home were less than thrilled about the family's financial decisions.

"It's aggravating. It just makes you mad. You do that much work, and they just squander it," Lake City Mayor Willie Oswalt, who helped vault a massive beam into place in the Harper's living room, told The Atlanta Journal-Constitution.

You got that right, Willie.

Posted by Hube at July 29, 2008 04:49 PM | TrackBack

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