Jul 29 2008
Extreme Home Makeover Home Goes Into Foreclosure
No good deed goes unpunished. People donated time and material. They built the largest home on Extreme Makeover to date. What do the proud charity takers do? Take out a $450,000 loan against it - using it as collateral. The home is now in foreclosure.
How do people who cannot afford to keep up their own home intend to pay back a $450,000 debt? Will the taxpayers now be forced to bail them out yet again?
