Sunday, February 21, 2010

Man Bulldozes Home Before Foreclosure Sale

I would have prefered if he had bulldozed the bank or the nearest IRS office, but this is great stuff anyway.

"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." // Terry Hoskins

MOSCOW, Oh. -- A Clermont County man does the unthinkable and bulldozes his home rather than face foreclosure.

As a result, he could now face legal action.

A pile of rubble now sits at 2066 Laurel Point Isabella Road in Clermont County.

Two weeks ago, Terry Hoskins of Moscow admitted to taking a bulldozer and tearing it down rather than face foreclosure.

A picture from the Clermont County auditor's Web site shows what it used to look like. It was valued at close to $300,000.

The Clermont County Sheriff's Office says the home was in foreclosure and set for sale on Feb. 23. That date has since been canceled because there is no home to auction.

Hoskins told the Associated Press that he had struggled with River Hills Bank in Clermont County for years and had problems with the Internal Revenue Service.

According to Hoskins, the IRS placed liens on his carpet business and the bank claimed his house as collateral.

That business is set for auction sale on March 2.

Hoskins filed for bankruptcy but decided two weeks ago to tear his house down himself rather than the bank taking it.

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