Frustrated Owner Bulldozes Home Ahead Of Foreclosure

Baack · Feb 19, 2010

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.

Bulldozed Home Photos

Hoskins 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.

The bank claimed his home as collateral, Hoskins said, and went after both his residential and commercial properties.

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.
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http://www.wlwt.com/news/22600154/detail.html

groundpounder · Feb 19, 2010

That was a nice house...key word being was..

Logan76 · Feb 19, 2010

holy crap, he put the screws to that bank, hah.

blackw900 · Feb 19, 2010

Good for him....Let see how much they can sell it for now!

3.14 · Feb 19, 2010

he could have really gone bonkers and did what one man did in granby, co some time ago.

http://www.youtube.com/watch?v=24n77GgRtrw

rubbergearsnextyear · Feb 19, 2010

Good for him! I'm all for capitalism but not usury. Banks are crooked.

LoneSnake · Feb 19, 2010

Well, that's not something you see every day

Roadmedic · Feb 19, 2010

Kind of hard to have sympathy for a greedy banker, or is it bankster?

Peanut Butter · Feb 19, 2010

Good for him, teach that bank to try and screw someone over.

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