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Tuesday, April 6, 2010

DON'T PASS GO


Don't blame me, I just build the shit!





Many of the homes  that Ty and the gang build on Extreme Makeover:  Home Edition are facing foreclosure.


The opulent designs like swimming pools and home theaters or carousels are causing the mortgages to sky rocket. Forget not the hefty  utility bills.  Some of this is too much for the owner to take on  along with the bank loan and their dream house is being forced to foreclose.


Over the course of seven seasons, the redo's have become increasingly opulent, with amenities like swimming pools, home theaters, carousels, and bowling alleys popping up on a regular basis. Problem is, these extravagances usually come with significantly higher utility bills and mortgages, which many homeowners are struggling to pay.

The first home to officially foreclose belonged to Idaho resident Eric Hebert, who was featured on the show after he adopted his deceased sister's 11-year-old twins. Herbert admits to having taken out too large a loan on the home under the assumption that he'd be receiving a larger income than he was able to secure.

"A lot of people think when you get the house you get the mortgage," "Extreme Makeover" contestant Brian Wofford told San Diego's 10News. "Well, you don't." Wofford, a widowed father of eight, has been fighting to modify his home loan for two years after his mortgage adjusted to an unmanageable rate.



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