..now covered with snow in MOSCOW, Ohio (video)
Plus he will need to bring the IRS to their knees and have them
"When I see I owe $160,000 on a home valued at $350,000, and someone
decides they want to take it – no, I wasn't going to stand for that,
so I took it down," Hoskins said.""
"Anger is building up. People are beginning to do unusual things. Terry
Hoskins bulldozed his house rather than allow a bank to foreclose on it. The
local TV station conducted an online survey and found that 79 percent of
respondents agreed with Hoskins' action."
Something here does not make any sense. The article states that he had an
offer of $170,000 to pay off $160,000 that he owed the bank, but the bank
refused claiming that they could get more if it went to foreclosure.
Unless something is wrong here and he actually owed more than he claimed,
anything over the amount owed would have to be given to the debtor would it
It also seems to me that he might be facing some sort of criminal liability.
For instance if he would have torched the place it is still arson even if he
filed no insurance claim, so why would the same result with a bulldozer be
About the time I had mastered getting the toothpaste back in the tube, then
I think not criminal if the guy owns the home, before foreclosure? He
can do most anything but burn it.
Some localities have permit requirement for a home demolition. Perhaps
he gets a civil citation ticket?
If he knocks down his business building with the IRS lien on it ..
guess who wins :-\
I don't practice law
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.