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Saturday, February 20, 2010

Obama Making Homes Unaffordable Program: Man Bulldozes Home After Foreclosure











Man Bulldozes Home After Foreclosure

By Chris Walters on February 18, 2010 8:04 PM

(WLTW.com)

A man in Ohio grew so angry at his bank for refusing to work with him to keep his home that he bulldozed it. He told WLWT News, "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 owed $160,000 on a mortage on the home, which was valued at $350,000. Hoskins says the IRS placed liens on his business property and home after his brother, a former business partner, sued him. He says the bank then claimed his home as collateral and refused to accept a $170,000 buyout offer on the mortgage, telling him they could get more from it at auction.

He says he might bulldoze the commercial property next.

"Frustrated Owner Bulldozes Home Ahead Of Foreclosure"
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