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The Georgia foreclosure crisis has claimed a mansion built by ABC’s popular “Extreme Makeover” show for the Harper family of Clayton, GA. I watched this show back in 2005 and it saddens me to see that the home was lost to foreclosure due to the family’s mismanagement of donated funds.
According to online reports, the Harper family used the two-story home as collateral for a $450,000 loan, for a construction business that failed. Atlanta-based Beazer Homes, its employees and company partners donated an additional $250,000 to the Harper family, including scholarships for the couple’s three children.
The money is now gone and the home will be auctioned off on the Clayton County Courthouse steps on August 5.
The 4-bedroom mansion was the most ambitious project in the series history. It took 1,800 volunteers six days to construct the mansion after tearing down the Harper family’s dilapidated house.
Costing $450,000 in materials and labor, the front door to the home opened into a magnificent foyer featuring 4 fireplaces, a solarium, a music room and a plush new office. (Source)
Now the Harper family members are right back where they started. ABC released a statement saying they advise each family to consult a financial planner after they move into their new home. “Ultimately, financial matters are personal, and we work to respect the privacy of the families,” the network said.