Money Beat

This was a very STUPID family who squandered the opportunity of a lifetime. It's just like the lottery winners who blow everything and wind up broke...I feel no sympathy for them.

Why did people help them in the first place? Why did they get a 450,000 loan for a constuction company? Hello, whether the business suceeds or fails one must still pay the bills. I would not have risked so much on a really nice, free, new house. I do not have sympathy for idiots who can not open their eyes to the real world.

My sympathy goes to the volunteers who tried to do right by a family who needed help. It just underscores the fact that giving people something isn't necessarily helping them. And How in the world would a family need $450,000 after getting a mortgage-free home and (apparently) $100,000 in cash as well? It's a good thing they didn't publish the family's name, even though it would be easy enough to research it, because they would be national or even international pariahs forever.

I have often wondered how the extreme makeover works as far as home mortgages still existing etc-do they pay off each mortgage and give the home scott free or are there conditions to the rebuild?

I HOPE AND PRAY THAT ONE DAY MY FAMILY AND I WILL HAVE SOMEONE TO COME TO OUR HOUSE AND HELP US. THERE IS NO WAY THAT I WOULD DO ANYTHING LIKE THIS IT IS A BLESSING TO HAVE THE HELP IN THE FIRST PLACE.

I watch the show a lot & I don't understand why they build these huge mansions for people. It must've been nice for someone to build you something so great & get a free vacation. It really upsets me that these people did this. My husband & I have worked really hard for what we have. We started out in a really small home & worked our way up. We are still paying for it. I wish someone would come pay my mortgage. We wouldn't be so stupid to get a loan against it. I need some new appliances also. Do you think Sear's is just going to donate those to me? Not!

IT was stupid for the bank that gave them the loan for $450,000 in the first place...Hello the people that make it on to the shows can't afford to even put food on the table most of the time..or else they would have nice/safe homes to live in....but they don't!!! THE BANK SHOULD HAVE NEVER OF LOANED THEM THIS MONEY!!!

Just goes to prove that no amount of help is enough for some people. When they start out in a hole financially they will always end up in the same hole. These personalities have what I call the "live for today and don't ever worry or plan for tomorrow" mentality. Unfortunately, it is the mentality of a lot of people in this country. If you give them $1 they will spend $2. Sad but a reality.

Stupid Americans, climb out of a hole just to climb right back in, some people never learn.

Shows how our tax dollars will be used to bail out idiots.

People who did not read their contract.

People who lived above their means and should of never received a loan in the first place.

People who just stopped paying their mortgage.

People who want someone else to pay for them.

I can see going after the bad mortgage companies that Scammed people. Make them do right by people or offer new mortgages.

Or Helping or assisting people who were caught up in the lose of employment with the economy over the past year.

The rest who just were caught up in dump and stupid. Should not be bailed out, Unless you plan on paying something on everyones mortage.

Some people are so ungrateful and not the brightest bulbs in the lamp. To have put the house up as collateral for a loan worth almost 1/2 a million shows how little this family was thinking ahead. No wonder the family needed a home in the first place. I know families that need homes and would jump at the opportunity to have something nice without jeopardizing their future security.

Just proves my point that people are generally poor because they make poor decisions in life. Giving people stuff they didn't earn doesn't help them. They have no respect for themselves when they don't work for what they want in life.

Easy come, easy go!

People are given the chance of a lifetime and lucky enough to be brought up out of a hole. Like so many before them, "Greed" has dug them a hole many times deeper.

Maybe the reality show needs to consider having the property's "Deed" in the name of the show and lease the homes to the dwellers for the amount of property tax and insurance for 20 years. Of course, you would have to have them sign a waiver of liability also because these type of people would sue if they got hurt on the property. Then the people can't get a mortgage against the house.

And the taxpayers will bail out the lender. Thanks Washington!

Wow, you people are all so bitter. Yes, obviously this family made a bad decision, but it's not like the mortgaged the house to go on some vacation or buy fancy cars. They did this to invest in a business to have a chance at creating something. Unfortunately construction companies have been really hard it by the economy. For all of you who are being so cruel, I only hope that you never find yourself in the same situation.

Wendy

Why would any sane person put themselves into this position?

Greed knows no income or educational level. I live near Raleigh, NC and just today the News & Observer paper has an article about financial problems with the family in Raleigh that received a make over home recently.

The report states that this family is now "one of the latest victims of the nation's foreclosure crisis." That couldn't be farther from the truth. This family stole $450,000...plain and simple.

I truly believe that if we had some basic financial planning in our schools (High Schools) that was a mandatory class, we could possibly cut down on the amount of ignorance that goes along with the uneducated.

Those poor people. They we taken advantage of by the bank that gave them the construction loan! Predatory lending I tell you. Another example of Bush screwing the little guy! LOL, I'm sorry I just had to! I just shake my head!

LMAO.....

If you remember, these are the same people who got into a fight and then SUED THE SHOW!!! What a bunch of trash. I hope they lose the home - they don't deserve it.

Harpers, PLEASE tell me that construction company was to help other unfortunate people rebuilt their homes -- and they didn't pay you back, RIGHT? Yeah, I guess that was too much to hope for. Geez, maybe Ty and his crew should consider downsizing their projects, fix what is needed, and keep the home within the means of the family. They could help more families that way -- but probably not so great for TV.