Upcoming Foreclosures

Man bulldozes house facing foreclosure?

Good for him! We need more like him. Oh the government will bail out a rich banker, but a poor working stiff too bad.

Public Comments

1. he'll be charged with a felony -- destruction of the collateral in defiance of his loan agreement resulting in lending fraud.
2. So do you think that when he bulldozed his house, he gained some kind of advantage over the bank to which he was unable to pay his mortgage? That's not the way it works. He still owes the money, and now the bank will sue him for damaging what was about to become their property. He would have been better off if he had just walked away.
3. It was probably foolish, as other answerers have said, but I LOVE it.
4. I think its great and I last heard he may do his business as well... First of all the man never missed a payment, was always on time etc.. The bank is the one that found some loop hole to foreclose on him... For people that do NOT know what it is about here it is Facing Foreclosure, Ohio Man Bulldozes Home . Terry Hoskins, from Ohio, struggling with foreclosure on his $350,000 home, decided if he couldn't have the house, no one could. He took a bulldozer to the house rather than leave it to foreclosure. Terry Hoskins only owed $160,000 on the home. It was worth $350,000. He said, "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 the IRS placed liens on his carpet store and commercial property as well. The liens took place his brother and one-time business partner sued him. The bank went after both his residential and commercial properties, including his house, which he built himself. Hoskins decided to give them back what he started with: a vacant lot. “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. I brought it out of the ground and I plan on putting it back in the ground," Hoskins told a local news station. 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.