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Ohio Man Finds His Own Way to Avoid Foreclosure


Posted on Mar 05, 2010

A man from Ohio says that he bulldozed his $350,000 home in order to prevent a bank from foreclosing on it.

According to Terry Hoskins, he has struggled with the RiverHills Bank over his Moscow, Ohio home for several years and has had problems with the Internal Revenue Service. He said the IRS put liens on his carpet store and commercial property and the bank claimed his home as collateral.

Hoskins said that he owes $160,000 on his home. He said that he had finally had enough and bulldozed the home.

 

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