Winners of Extreme MakeOver Face Foreclosure

Foreclosures are a problem for the owners, but for buyers they can be a god send. Orlando Real Estate is a great buy right now, simply because it’s on sale at bargain prices.

But Floridians are not the only folk to feel the pinch. One of the winners on ABC-TV’s “Extreme Makeover: Home Edition” is about to suffer foreclosure. The 2004 show, which set an “Extreme Makeover” ratings record, featured Judy and Larry Vardon. The show remodeled their home to accommodate their blind, autistic son Vance - now 16 years old.

However, the Vardons face a monthly payment of $2,300 - and a mortgage rate that has spiked to 11 percent.

“Everyone thought the house was paid for,” says Gerald Naftaly, the mayor of Oak Park, Michigan, where the family lives. “But that wasn’t the case. They still had their mortgage. They are just another number with the mortgage company.”

Vardon, who is now 50, works at Chrysler’s Sterling Heights stamping plant. The couple is now working with Lighthouse of Oakland County, a nonprofit group that aids families in crisis, to try and negotiate a lower mortgage rate on their behalf.

For foreclosure deals check out our search engine or give us a call at the Orlando Real Estate Pros on: 407-290-3408.