Man bulldozes his own home ahead of foreclosure

[pavyracer]

hahahaha.

Now the banks have a piece of land in MOSCOW, OHIO!!! minus $170,000!

I think if you figure out the clean up cost of the bulldozed house, removal of foundations and septic tank and redoing all the utilities the bank may lose more money even after selling the land for cow pasture.

[Flying Dutchman]

Paver, are you an Engineer?

True story: I got a job and the title they gave me was "software engineer" because I could run Excel and PowerPoint. So the rest of my time there I told everyone "before I got this job I couldn't spell Engineer, now I are one."

...nobody got the joke...

[babyanni]

nice!!

[pavyracer]

You do not need to be an engineer to figure out that a bulldozed house and a pile of rubble will not move out of the property by themselves.

[mathdotcom]

Looks like he's telling the banks to stick it. LOL

Frustrated Owner Bulldozes Home Ahead Of Foreclosure

Man Says Actions Intended To Send Message To Banks


POSTED: 10:42 am EST February 18, 2010
UPDATED: 6:36 pm EST February 19, 2010


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Comments (89)



MOSCOW, Ohio --




Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique.Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home."When I see I owe $160,000 on a home valued at $350,000, and someone decides they want to take it – no, I wasn't going to stand for that, so I took it down," Hoskins said. View SlideshowHoskins said the Internal Revenue Service placed liens on his carpet store and commercial property on state Route 125 after his brother, a one-time business partner, sued him.


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The bank claimed his home as collateral, Hoskins said, and went after both his residential and commercial properties."The average homeowner that can't afford an attorney or can fight as long as we have, they don't stand a chance," he said.Hoskins said he'd gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure.Hoskins told News 5's Courtis Fuller that he issued the bank an ultimatum."I'll tear it down before I let you take it," Hoskins told them.And that's exactly what Hoskins did.Man Says Actions Intended To Send Message To BanksThe Moscow man used a bulldozer two weeks ago to level the home he'd built, and the sprawling country home is now rubble, buried under a coating of snow."As far as what the bank is going to get, I plan on giving them back what was on this hill exactly (as) it was," Hoskins said. "I brought it out of the ground and I plan on putting it back in the ground."Hoskins' business in Amelia is scheduled to go up for auction on March 2, and he told Fuller he's considering leveling that building, too.RiverHills Bank declined to comment on the situation, but Hoskins said his actions were intended to send a message."Well, to probably make banks think twice before they try to take someone's home, and if they are going to take it wrongly, the end result will be them tearing their house down like I did mine," Hoskins said.Man Has No Regrets Over Bulldozing HouseHoskins said he's heard from people all over the country since his story first aired Thursday, and he said most have been supportive.He said he sought legal counsel before tearing down his home and understands the possible consequences, but he has never doubted his decision once he made it."When I knew I was going to lose it, I decided to take it down," Hoskins said.

[Slim]

This sounds like something Richie would do. I could see him now with a cigarette in his mouth, a budweiser in one hand and his other hand on the steering wheel of the bulldozer.

[betplom]

This sounds like something Richie would do. I could see him now with a cigarette in his mouth, a budweiser in one hand and his other hand on the steering wheel of the bulldozer.

Qualifying for a mortgage is NOT something Richie could do.

[beach nut]

Nice to see someone screwing a bank for once.

[ShamsWoof10]

This is FUNNY...

The bank still made money off of this guy... The only money they lost is what they could have sold the house for on the market but as a net result they are way ahead...

good stuff.

now if only durito and don juan had been in that house when he tore it down. he would've smashed the house and 2 pussyy ass bitches at the same time!!!

Then it would be great stuff... That would be like killing two birds with one stone..

[ttwarrior1]

great stuff , we need this guy in the forum