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Thursday, July 31, 2008

Foreclosure Stupidity

Most of us know about the show "Extreme Makeover". If you don't, here's the short version:
A group of do-gooders (and I mean that nicely) find families in need of help, show up at their homes, boot them out for a week (usually on some sort of nice vacation) and remodel their entire home so that it suits the family more appropriately. Usually the families have some sort of medical condition in the family (such as children with severe brain deficiencies, or heart conditions, or other things that make life a little difficult). The homes given to them aren't cheap. In fact, some of the homes created are damn expensive, mostly because they are custom made, not track homes.
Well, apparently on family thought it would be a brilliant idea to use their brand new, custom built home that was DONATED to them as collateral on a $450,000 loan. And now they're in foreclosure on the house. Yup, that's right. This family, who was given a brand new home to suit their needs--generously given, I might add--decided to put it up as collateral for a loan for a business deal...and now they're losing it.
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.
My sentiments exactly. I'd be pissed off too. It's not every day someone hands you something that valuable and says "all I want is a hug in return". Idiots.

(Don't click the read more, there isn't any more after this!)

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