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 PassionatePiscesMan |
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Posts: 5471 (07/29/08 8:18 AM) Registered User |
Too bad. If they were a very big bank or corp, the gov would bail them out.
Anyway aren't they liable for taxes on the make over. That alone would have got them in trouble |
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 SirPaulMuaddib |
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Posts: 5241 (07/29/08 8:18 AM) Registered user |
*Imbeciles*
I hope they end up in a rat infested hotel. |
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Strange Flute |
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Posts: 2825 (07/29/08 8:21 AM) Registered user |
The story is somewhat conflicted but Mrs Harper is saying that the foreclosure is off and won't happen.
http://www.wsbtv.com/news/16980412/detail.html |
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BackBayBerries |
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Posts: 195 (07/29/08 8:47 AM) Registered user |
Last paragraph of Strange Flutes's article:
Atlanta law firm McCalla Raymer represents Chase. They wouldn't talk about it except to say federal law bars Chase from talking without Harper's permission. Harper said that if Channel 2 wanted proof the foreclosure is off, we should show up at the courthouse next month to watch it not happen.Mrs. Harper may be an idiot, but she's funny. That kind of wiseass-ness would fit in well here. |
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B DeBrun |
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Posts: 17215 (07/29/08 8:49 AM) |
What the recipients of those extreme makeover homes don't realize (beforehand) is that assessment values of the homes go UP and they find themselves with
significantly higher property taxes than the level they could barely afford before....
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merkyl |
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Posts: 56466 (07/29/08 8:52 AM) Registered loser |
The important thing is Ty feels good about himself as he moves on to his next house.
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ilikelissie |
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Posts: 13151 (07/29/08 8:55 AM) Registered user |
Remember that other show Ty was on?
The one where he was on screen for 5 minutes or less, made snarky little comments, and made you say to yourself "Hey, that guy is alright". Now you would laugh if they cut the fucker's arm off, right?
Last Edited By: ilikelissie
07/29/08 9:01 AM.
Edited 1 times.
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Hamdingers |
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Posts: 10993 (07/29/08 8:58 AM) |
I've never actually watched this show. What exactly IS the criteria for choosing to do this for people, if it's not the aforementioned 'Cripple in
the family' factor?
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merkyl |
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Posts: 56468 (07/29/08 8:59 AM) Registered loser |
I'd like them to cut it off at the head.
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B DeBrun |
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Posts: 17218 (07/29/08 8:59 AM) |
ilikelissie wrote: I'd laugh too seeing his sex life end on the spot. |
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nomellons |
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Posts: 2531 (07/29/08 9:03 AM) Registered User |
These people are morons.
Why wouldn't they just open a line of credit instead of getting a lump sum loan? More manageable and less of a financial hit when the crap hits the fan. Georgia hit the skids in the housing market waaaaay before other areas -- DOPES. They should start selling off their furnishings to make the payments. Ty always seems too up -- coke or something. Maybe that is why he got busted for DUI -- needed to bring himself down. |
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B DeBrun |
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Posts: 17219 (07/29/08 9:21 AM) |
nomellons wrote:You know how a HELOC works? Banks are cutting off existing HELOCs even if you have outstanding credit. Want to guess why? |
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superguppie |
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Posts: 23614 (07/29/08 9:25 AM) Registered user |
 Exactly. Those cabinets are awful.
I'm pretty sure it says as much on their "contract". But who reads that shit? Also: Beazer Homes' employees and company partners also raised $250,000 in contributions for the family, including scholarships for the couple's three children and a home maintenance fund.I hope the scholarship money is in a trust or something, seriously. I'm not saying that this isn't the Harpers' fault, but EHM needs to come up with a different plan than building a McMansion for a family that has no money management skills at all.
Last Edited By: superguppie
07/29/08 9:29 AM.
Edited 2 times.
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nomellons |
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Posts: 2533 (07/29/08 9:28 AM) Registered User |
Yes I know how a HELOC works. A lot of times on this crazy show the builder rips up the mortgage, I don't know if that was the case here and I really doubt
these people had a great credit rating but it would have seemed to be a better way to go, assuming they took the loan out in 06 or so before all this crap.
These dopes obviously went way upside down.
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ilikelissie |
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Posts: 13153 (07/29/08 9:28 AM) Registered user |
Maybe they could give the whole family makeovers!
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superguppie |
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Posts: 23615 (07/29/08 9:30 AM) Registered user |
Nomellons, here is the information from Flute's linked article:
CLAYTON COUNTY, Ga. -- An Extreme Home Makeover may be going bust. The first metro family who got a new home is facing
foreclosure. Channel 2 followed the progress as an army of volunteers swarmed a Clayton County neighborhood to build a new home for a deserving family on
"Extreme Makeover: Home Edition" in 2005. When the show came to town, no one could have predicted what would happen less than four years later --
foreclosure. A foreclosure notice appeared last Friday, a $450,000 second mortgage they took out less than 15 months ago was in default. Patricia Harper, the
homeowner, told Channel 2 she and her husband had struck a deal with Chase Home Finance to rescue their "extreme" home. Chase said they
couldn't confirm that claim.
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ginaf20697 |
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Posts: 31958 (07/29/08 9:33 AM) Registered user |
Deadbeats
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nomellons |
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Posts: 2534 (07/29/08 9:39 AM) Registered User |
Thanks guppie -- that just proves their idiocy. I want someone to write off my mortgage and then give me 100K. I'll make a point of giving all proceeds to
the first lowlife loser "relative" who comes up with a great proposal for a "construction business". Whoever signed them to a loan should
be beaten.
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superguppie |
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Posts: 23618 (07/29/08 9:44 AM) Registered user |
Yeah, that's another thing. Why on earth were they approved for a construction business 15 months ago? And how the hell do you default on a $400,000 loan
within 15 months anyway?
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nomellons |
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Posts: 2537 (07/29/08 9:46 AM) Registered User |
It says they invested in a business. That makes it sound like they gave the money to someone with supposed experience!
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