Ilyce Glink's Blog

Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.

Friday, July 25, 2008

'Extreme Makeover' Home Foreclosure

Homeowners in Atlanta's Lake City area may soon lose their home to foreclosure.

They were among the first to get their home remodeled on the TV show "Extreme Makeover: Home Edition," according to Atlanta area media.

Apparently they took out a $450,000 mortgage on the 5,500 square foot home to finance a construction business.

The woman who owns the home said they'd come to an agreement with their lender but the lender would not confirm that.

I think greed got them. What good fortune it is to have a home built or remodeled for you free of charge. They should have been content with that.

Labels: Celebrity Foreclosure, Extreme Makeover, Foreclosure, home owners