Man Bulldozes Home Facing Foreclosure

February 22, 2010 No Comments »


File this under: extreme foreclosure prevention.  Or maybe strategic bulldozing.

A man in Moscow, Ohio decided to bulldoze his own home after a bank began foreclosure proceedings, according to local NBC affiliate

Homeowner Terry Hoskins reportedly had tax liens placed on his carpet store and commercial property after his brother and one-time business partner sued him.

The bank then claimed the commercial property, along with his personal residence as collateral.

Hoskins only owed $160,000 on the home allegedly valued at $350,000, and had an offer from a buyer for $170,000, but the bank said it could make more foreclosing on the property.

That obviously angered Hoskins, forcing him to resort to extreme measures by knocking the home down into mere rubble, sending a strong message to the bank.

“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 told the station. “I brought it out of the ground and I plan on putting it back in the ground.”

An auction is scheduled for his business on March 2, and he is apparently considering leveling that building as well.

Of course, there are consequences to his actions, and he could face criminal charges.

But it seems like he’s garnering a lot of support online, and in light of the ongoing anti-bank sentiment out there, he may just be able to turn the whole thing into a positive.

Tip: How does foreclosure affect your credit?

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