Just the other day I was writing about the pending foreclosure of an Extreme Makeover home and now, the imminent sale at public auction of the home of Fantasia Barrino, the winner of the popular American Idol television show.

Apparently Fantasia is really singing the blues these days but I’m confident that the experience, in hindsight, will give her some gret material to use to write some heartbreaking songs of loss.

I can see some potential new titles:

• Oh Crap I lost the House
• The Auctioneer Hammer Swings Low
• Nothing Sucks Like Success
• The Higher I Climbed The Further I Fell
• My Personal Life Became Public News. I’m Still Famous

The loss of yet another home in this wave of traumatic foreclosure is sad but highlighting cases like this one do help other people, less famous, to know they are not alone. I wish I had an opportunity to sit down with Ms. Barrino and talk with her about the issues that so suddenly lead to the loss of a home she only purchased last year.

Other Related Articles to Read

• Another ‘Extreme Makeover’ Home In Foreclosure
• Billion Dollar Foreclosure Settlement Money Goes Elsewhere
• What is the Best Way to Stay in Our Home; Foreclosure or Short Sale? – Marc
• Foreclosure in America. The All Too Common Story of How Dreams Turn to Dirt.
• Republican Presidential Candidates Not Specific on Help for Struggling Homeowners
• Were You Foreclosed on in 2009 or 2010? Get a Free Independent Foreclosure Review
• Filed chapter 13 bankruptcy but mortgage company did not foreclose…house still in my name and is now a public nuisance. – JC
• Florida’s Foreclosure Solution Specialists Operators Charged With Fraud
• We Are Trying to Buy a House With a Short Sale But It’s Going Nowhere. – Joy
• Heartless Criminal Activity In Foreclosure-Related Scam

Read the full article at GetOutOfDebt.org, click here: Fantasia Barrino’s Home in Foreclosure. American Idol Winner.

Back in August there was an Extreme Makeover home in Georgia facing foreclosure, now there is another. This time in Michigan.

Extreme Makeover is a very interesting television show to watch. Who can’t be drawn into watching Ty Pennington and the nice looking makeover team roll up in their custom bus and then demolish the tattered home of a family preparing to be sent away on vacation, probably to Disney?

Spotted online today was this story.

OAK PARK, Mich. (WXYZ) – An Oak Park family that received an Extreme Makeover for their home is now in danger of losing it to foreclosure.

Larry and Judy Vardon got into financial trouble because of extensive medical bills for their youngest son, Lance. The 16-year-old is blind and autistic. His medical treatments are not covered by their insurance.

The Vardons were also hit by the subprime housing crisis. Their mortgage rate jumped to 11 percent after it adjusted. Larry Vardon is also worried about being laid off from his job at the Chrysler Stamping Plant in Sterling Heights.

Many of the Vardons’ neighbors had thought that their mortgage was paid off when they appeared on the show in November 2004, but that was not the case. Now the home is one of the 390 in Oak Park currently in foreclosure.

The Vardons’ property taxes are also part of their financial problems. They jumped almost $1,000 after the makeover.

After their appearance on the show, Larry was laid off and they remortgaged the house. Since then the mortgage has been resold to different companies three times, with the interest rate jumping each time.

The family’s debts include $20,000 in medical expenses for Lance. The family has set up a fund to try and raise money. If you want to help you can contact the Friends of the Vardon Family Fund, P.O. Box 721084, Berkley, MI 48072-0084.

I’m a little surprised to hear from others that they are shocked that an ‘Extreme Makeover’ home can be foreclosed on. Why not?

Getting your home made over and loaded with new Sears appliances does not make you better with credit and debt. Nor does it change the underlying issues that lead you into financial strife to begin with.

Extreme Makeover makes over homes because it makes for exceptional emotional television. It is a television show that entertains audiences in order to sell commercials to generate revenue for the network, sponsors, talent and producers.

The question isn’t that an Extreme Makeover home is in foreclosure, the real issue is how many will be lost during this real estate tornado season.

Getting a free house increases your property value and your property taxes. With all those free gifts you also wind up a huge tax bill as well.

So keep watching, there will me more Extreme Makeover homes to be given away and latter foreclosed on. It might be sad, but it’s not news, it’s enevitable.

Other Related Articles to Read

• Fantasia Barrino’s Home in Foreclosure. American Idol Winner.
• Lauren is Searching For Ways to Get Out Of Debt And Make Her Bad Credit Go Away
• The 20 Greatest Myths About Credit and Debt
• Many Extreme Makeover Homes in Foreclosure
• The Ultimate Contractor Fantasy – Finding Hidden Money
• New Scam Aimed At Desperate Consumers Looking For Government Loan or Free Government Money
• 3 Percent Of Homes Have Utilities Now Disconnected
• Which Presidential Candidate Is Better For Debtors? Personal Finnance Bloggers Question of The Week.
• “Who Is Going To Help The American People To Get Out of Debt?”

Read the full article at GetOutOfDebt.org, click here: Another ‘Extreme Makeover’ Home In Foreclosure