What a gorgeous home! I never saw this episode, however I had seen others.

I too often wondered in the episodes I saw how taxes were paid. Then I considered well, they're not paying a mortgage, so.. but goodness.

You'd too think a bank or institution would be a bit more 'reserved' loaning a family from hard times that much for a business. Sigh.

you know I watched that house being built. it was so exciting to be there. the story the family gave to get extreme makeover to do the home was very sad. The poor mayor of that city was so sad about the house being foreclosed on and I can't blame him. the builder and community gave this people over 200K to help with the upkeep of the house. the kids got money for college as well and another 100k. all that money gone. I wonder how much they got for the house at auction? yes the house is really out of place where it is. so sad.

I have a stupid question. I've never owned a home so that's why I don't understand these things.

If they took a loan out on their house, and they were given $450,000 for a construction company (or something like that), why is the home in foreclosure??

If the house was paid for in the beginning, and they took out a loan using the house as collateral, I'm assuming they knew there would be monthly payments on that $450,000 loan right?

Are these people out of their minds?? They were given a gift. Their children were given a college in their future.

Again, I ask the question,. ARE THESE PEOPLE OUT OF THEIR MINDS??

And you better believe it, anyone who helps anyone out like this in the future, well they are going to think twice, three times AND MORE.

I know I would.

Good grief!!!

They didn't repay the loan per the terms of the agreement. They used the house as collateral. So.....the bank gets the house if they don't pay back the money.

There was a news story that they have an additional 30 days to work out a repayment plan with the lender. I don't know if they'll be able to work something out...let's hope so. Lots of people put alot of sweat equity into that house.

I have a conspiracy theory. Could this all have been by design just to get the biggest equity loan humanly possible and cash in? If they were in dire straights when they were accepted for the project, surely, they were aware that they were not capable of holding their end of the mortgage up in the first place.

It's a horrible thing to think, but in reality, I've seen people do some pretty ugly stuff for money.

Wow...is all I can say!! I don't think I would want to show my face at the local Market!

we have watched a couple of shows, and while they were heart warming and tear jerking, I am with you guys, how can they build houses like that that usually stick out like a sore thumb? And I like the conspiracy theory...LOL

and here is another thing that I don't get...

our habitat for humanity projects in our area takes forever to get going. An average size habitat house is about 1200 sq foot.

They are pretty simple houses to build, but the volunteers are so lacking that it takes up to 8 month to even get a project started sometimes...

for every one of those house on extreme make over, we can build 5 houses or maybe 1 more...

that's five families that will have roofs over their heads...

I am not saying those families on the show are not deserving...but in my humbled opinion, this is still a show, after all, and it tries to sell humanity to buy ratings...*bigsigh...

OK, will shut up now...

I don't think it will affect the people whose hearts are in these projects. Think of how many homes they've built, and this is the only one that's gone bad as far as I've heard. That's a pretty good record.
It's too bad those people decided to go into the construction business just as the housing market was tanking.

I often wonder why the program "over-builds"; I mean, the design and building teams do some pretty extravagant things - above and beyond what most families truly need to live comfortably and reasonably well.

Something such as this was bound to happen sooner or later.

I read that the program says it advises the families to obtain financial planning/counseling. Why not anticipate that that's a need from the onset and include it in the "package" presented after everyone gleefully shouts: "Move that bus." It should be a given.

Wait... I just realized: I'm thinking like a logical person when I should be thinking like one who is looking to raise advertising revenue and bolster ratings .

Melody, the home is in foreclosure because the business (for which they received the $450,000 loan) failed. They, I suppose, used the money for their business, which evidently wasn't profitable or didn't have more incoming cash flow than outgoing expenses.