Judy and Larry Vardon have went from being elated at having their Oak Park, Michigan home redone and featured on the hit series, “Extreme Makeover: Home Edition”, to facing foreclosure today. It’s a sad story to say the least.
Since the makeover occurred in 2004, the Vardon’s have seen their mortgage payment for from $1200/mo to over $2300/mo. They refinanced the home after Ty Pennington and his crew made over their home to better fill the needs of their 16 year old son, Lance, who has autism.
The Vardon’s are themselves deaf, and the makeover was wonderful, but now the thought of losing their home is a very real possibility. Larry Vardon works for Chrysler at a stamping plant that is on the verge of going bankrupt, leaving him the prospect of being jobless and unable to even put food on the table.
According to Judy Vardon, the problem is not about bad sending habits, it’s more to do with insurance coverage that won’t cover Lance’s medical costs and Larry being laid off once before and now facing a company that may be closing.
CNN has said that contributions are starting to come in soon after their airing of a report on the family, and that will help the family maintain the home. We can only hope and pray that things work out and this wonderful family continues to live in a home specifically designed for their needs.
They refinanced? Since the home was worth more they decided to cash in?? The husband is still working…has NOT lost his job. If he had lost his job this would make sense. He didn’t. He also has the best insurance benefits available as an employee of Chrysler. They had a $1200/mo. mortgage. Easily affordable on a Chrysler paycheck. Ask other Chrysler employees. Tell them to pay their bills and live on a budget within their means. The math is simple, spend less than you bring in. Many people in the same boat do the same thing. They have no budget and spend more than they make. Maybe we should blame the refinance company?? No! Live on less than you make and put some away in case something comes up. Have we heard that somewhere before?