Michael Vick’s home fails to sell at foreclosure auction

by Sundeep Kothari

Atlanta Georgia Bankruptcy Attorney

Former Falcon Vick’s home fails to sell at foreclosure auction

Michael Vick’s home fails to sell at a foreclosure auction. The 20,000 square foot home was listed at a minimum bid of $3.2 million, but no bidder showed up. The home is located at the Sugarloaf Country Club, and is being sold to raise money in Vick’s Chapter 11 bankruptcy case, as well as pay off the mortgage company holding the note on the home.

“Extreme Makeover” home in Atlanta in bankruptcy to prevent foreclosure

by Sundeep Kothari

Atlanta Georgia Bankruptcy Attorney

Extreme Makeover home in foreclosure

A home in Clayton County, refurbished by the ABC TV show “Extreme Makeover”, was set to be auctioned but the couple who owns it filed for bankruptcy.

From the article:

A Clayton County couple living in an “Extreme Makeover” home delayed foreclosure Tuesday for a second time by filing for bankruptcy.

Milton and Patricia Harper and their three sons will continue living for now in the 5,300-square-foot home constructed four years ago by the ABC television show that rebuilds or refurbishes homes for families in need.

The house was scheduled to be sold on the Clayton County Courthouse steps Tuesday, but the auction never happened. Court records showed Milton Harper filed Monday for Chapter 13 bankruptcy, which stalls the foreclosure.

In the bankruptcy filing, Harper said he owes $100,000 to $500,000 to creditors, including the mortgage company, six credit cards, two pawn shops and Sprint. Harper says he owns the same range amount in assets. He is scheduled to meet April 21 with creditors.

The Harper home was rebuilt for free when the television show’s producers learned the family was having septic tank problems. In addition to the $450,000 remodeling, the show gave the family $200,000 in cash.

The couple borrowed against the house to start a business and ended up with a $450,000 mortgage. After struggling several years with finances, the couple faced foreclosure in August. The house was saved then by a loan modification.

After defaulting on that loan, the house was again up for auction Tuesday.