Amazing video! Foreclosure anger vented with heavy machinery!
I first thought that was pretty bad because the bank usually owns most all of the house and maybe the owner owed too much.Like an arm loan that got too expensive. Not really the case here.
Via Kathy Hyatt, abr-gri (Keyes Real Estate):
It seems as if almost every day I am speaking with concerned Sellers and trying to help them the best way I can and then I saw this on the news. ...........WOW!!!
An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it. Terry Hoskins says he has struggled with the RiverHills Bank over his home in Moscow for years and had problems with the Internal Revenue Service. He says the IRS placed liens on his carpet store and commercial property and the bank claimed his house as collateral. Hoskins says he owes $160,000 on the house. He says he spent a lot of money on attorneys and finally had enough. About two weeks ago he bulldozed the home 25 miles southeast of Cincinnati.
There are a lot of sad stories out there. Some are suffering from the consequences of their actions. Others are enduring a financial agony that couldn't be foreseen.
That dude's a real dumb a!@, Lizette. He'll probably end up in the county jail for a while after the psychiatric evaluation is completed and he's released from psychiatric detention.
I guess he had a axe to grind on this one. I could see his point after I watched the video. When things get bad people go crazy!
Lizette, I appreciate the reblog, I hadn't seen or heard of this. I don't know what to say except I find it incredibly sad....and hope SOME message got across.
Wow Lizette, that is totally insane what he did. I had not seen it.
~ Life is Good ~
Lizette,
this is crazy! I've seen many short sales that are in very bad condition, sellers do it in purpose or they steal something from the houses because they are losing it!