Homeowner Facing Foreclosure Refuses To Let Bank Take $400K House; Plows Through It With Bulldozer Instead
In Moscow, Ohio, WLWT-TV Channel 5 reports:
- 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 the bank over his Clermont County home for almost a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $400,000 home.
- Hoskins told News 5's Courtis Fuller that he told the bank that, "I'll tear it down before I let you take it." And that's exactly what Hoskins did. The sprawling country home is now rubble, buried under a coating of snow. Hoskins leveled the home with a bulldozer. Hoskins' business in Amelia is scheduled to go up for auction on March 2. Hoskins told Fuller he's considering leveling that building,
Source: Frustrated Owner Bulldozes Home Ahead Of Foreclosure (Man Says Actions Intended To Send Message To Banks).
Go here for a "before & after" slideshow of the Bulldozed 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. [...] Hoskins said he had 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 that he issued the bank an ultimatum: "I'll tear it down before I let you take it." That's exactly what Hoskins did, using a bulldozer.
No word yet as to whether Hoskins faces criminal charges of defrauding a secured creditor.