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  1. #1

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    Yet another Extreme Home Makeover family is facing foreclosure

    WXYZ in Detroit is reporting that the Vardon Family, who were lucky enough to find themselves on Extreme Home Makeover in 2004, are finding that thier luck has unfortunatly changed. Thier home is now facing foreclosure due to medical bills, higher taxes, unemployment and an adjustable mortgage.




    Extreme Makeover Family Facing Foreclosure


    Last Update: 2:51 pm



    (WXYZ) An Oak Park family who 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.
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  2. #2

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    Re: Yet another Extreme Home Makeover family is facing foreclosure

    Such a sad state of affairs for this family. It seems that unless some of these familes get their mortage paid off, they will always be in danger of loosing their home. I hope they will be able to keep their home... as it was made especially for them.
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  3. #3

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    Re: Yet another Extreme Home Makeover family is facing foreclosure

    why oh why does anyone get an ARM? we never even considered that when buying our first home and would have put off buying it until we could afford to have a standard mortgage
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