Idaho 'Extreme Makeover' House Faces Foreclosure

Associated Press: A north Idaho man whose family received a house from the "Extreme Makeover: Home Edition" television program three years ago is facing foreclosure.
Hebert used the house as collateral for a loan from Wells Fargo & Co. and can no longer make payments, according to a legal notice announcing the foreclosure proceedings.
As of Feb. 11, Hebert still owed the bank nearly $396,145, the Coeur d'Alene Press reports.
The construction worker moved from Montana to Sandpoint to care for the twins after his sister, Francine Hebert, died of a heart attack in 2004 and it appeared her children would otherwise end up in the foster care system.
He moved them out of a rundown trailer and into a "berm house," described as a daylight basement with a roof. In the "Extreme Makeover" program, the berm house was demolished and replaced in a week with a large, two-story house.
After Hebert put the house up for sale last year, he said he worried community members who helped build his home in November 2006 would think he was selling it to make a profit.
At the time, Hebert was single and had a full-time job as a construction worker. He said he spent most evenings taking his niece and nephew to baseball and soccer practice.
He could not be reached by The Associated Press on Tuesday. A phone number for the home at Baldy Mountain Road in Sandpoint was not in service.
The 3,678-square-foot home was priced at $529,000 when it was first listed for sale in May 2008. The home is now priced at $449,000.
Hebert has said he would not trade the "Extreme Makeover" experience for anything. He believes it has changed his life and the children's for the better, citing their opportunity to travel to Washington, D.C., meet many caring people in the community and own the home.
Read more hot stories Moms Are Talking About.
I think that some of this is the fault of extreme makeover for providing homes that are too big and a pain to keep up and that a regular person just cannot afford.
I also think some of the blame has to be put on the man, why take out a loan against your house? Why not sell it and use that money to buy a more affordable house? People are dumb with their money.
The issues with EHM houses getting foreclosed on hasn’t been the overpriced houses, but with the owners then using them as collateral for loans. The one in Georgia was foreclosed on when that family used the house to take out a loan for their construction business.
What maintenance issues do you have on a brand new home?
I think this is a lot like those who win the lottery and end up broke again. It’s more an issue of people with money problems repeating the cycle over and over again, regardless of their circumstances.
He had an unbelieveable opportunity to
enhance his and his niece & nephew’s lives and instead used his home as collateral for a failed business. The home was not built for him it was to bring and build a better life for his niece and nephew. Was he not watching the news about the economy?? It’s really hard to feel bad when people make poor choices it’s even harder when he won the lottery and squandered away a once in a lifetime opportunity.
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Stop building these people OVERPRICED homes they cannot afford.