Man Bulldozes Home over Foreclosure

Flickr/DaveWilsonPhotography

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A bit of truly bizarre news from Foreclosureland.

Faced with foreclosure, Terry Hoskins, a struggling homeowner in Moscow, Ohio, decided to bulldoze his $350,000 home rather than let his bank, RiverHills Bank, take it from him. “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 told TV station WLWT in Ohio. The story goes on to say:

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.

The 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.”

(H/T Calculated Risk)

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Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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