'Extreme Makeover' Family Could Lose Home

March 3, 2009 RSS Feed Print
  • Comment (12)

Looks like another “Extreme Makeover: Home Edition” family is in danger of losing their home. The Atlanta Journal-Constitution is reporting that the 5,300-square-foot home built for Milton and Patricia Harper could be sold off at a court auction Tuesday.

From the Atlanta Journal-Constitution: (via Zillow)

The Harpers were granted a loan modification last summer to avoid foreclosure on their house, the biggest built by “Extreme Makeover” at the time. They had used the house at 5489 Ahyoka Drive in Lake City as collateral for a $450,000 loan; the family says the money went to a failed construction business. According to state real estate records, the couple agreed to make payments of $2,279.35 until June 2047 on the outstanding $468,245 mortgage.

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+1

soundtracks of AL 7:36AM July 17, 2009

Great. Now i can say thank you!

david chu soma of PA 6:27AM July 04, 2009

A great loan modification company will stay in constant contact with you and your lender, they will give you a 100% money back guarantee and they will have a legal staff to do this every step of the way for you.

You are prequalified in the initial consultation and you will know if you’re going to move forward in that call as well. It does not make sense for a company to take your money for a loan modification if you cannot show enough money to pay for your home after it has been modified. Be careful when shopping and allowing someone to lead you to believe they will lower your payments, reduce your principle balance and cut your financial situation in half. This is someone preying on you. A loan modification is calculated to be realistic.

Your financials are taken into consideration as well as your hardship. If you cannot pay your mortgage even after a modification then you’re not a good candidate and you should not attempt to get one done with any company, save your money. A good modification company should be able to give you some examples of current modifications they have recently done so you can get an idea as to what the banks are negotiating down too. You must be realistic to your situation, this is important. You never want to make a check payable to anyone other than a lawyer either and only sign an attorney client contract.

866-274-3222

Kimberlyn of CA 8:34PM June 05, 2009

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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