Man Battling Bank Bulldozes Home
An Ohio man, frustrated about the bank foreclosing on his home, decided that the best course of action would be to never let them have the satisfaction of accomplishing that. Terry Hoskins reportedly owed $160,000 on his $350,000 home and when he was alerted that he would be losing it to the bank, he bulldozed the house to the ground.
The problems started when the IRS placed liens on his carpet business after his brother, a partner in the business at one time, sued him. The bank then considered his house as collateral and eventually went after both of his properties.
Hoskins said that he was even offered $170,000 from someone willing to buy the house, but the bank refused, claiming that they could get more than that if they foreclosed and sold it themselves. It was after that when Hoskins gave the bank his official warning, “I’ll tear it down before I let you take it.” He said that he planned on giving the bank exactly what they deserved, the hill the house laid on. As far as the house itself, he says, “I brought it out of the ground and I plan on putting it back in the ground.”
Hoskins business is going up for auction this week and he says that he plans on possibly leveling that as well.
His fight against the bank is certainly unconventional, but it has garnered support from people all across the country who can sympathize with his situation. He hopes that his actions will make other banks think twice before doing the same thing to someone else. While he knows that legal troubles are most certainly coming his way, he has no regrets, knowing in his heart that what he did was the right thing for him.
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