Foreclosure Hits Extreme Makeover House in Georgia

This time foreclosure strikes an Extreme Home Makeover. Here is yet another example of how the foreclosure crisis is affecting everyone, even people who have their homes donated to them. However, this is a case of the homeowner over leveraging their home by taking out a second mortgage for a lot of money and the mortgage lender approving them to fail.

As a result, the second mortgage went into default. Chances are when you get a loan and borrow against all or most of the home equity you put yourself at risk.