Guy bulldozes his house before the bank takes it

S

Sr. Verde

Guest


MOSCOW, Ohio --



Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique.Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home."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.

Hoskins said the Internal Revenue Service placed liens on his carpet store and commercial property on state Route 125 after his brother, a one-time business partner, sued him.

The bank claimed his home as collateral, Hoskins said, and went after both his residential and commercial properties."The average homeowner that can't afford an attorney or can fight as long as we have, they don't stand a chance," he said.Hoskins said he'd gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure.Hoskins told News 5's Courtis Fuller that he issued the bank an ultimatum."I'll tear it down before I let you take it," Hoskins told them.And that's exactly what Hoskins did.

The Moscow man used a bulldozer two weeks ago to level the home he'd built, and the sprawling country home is now rubble, buried under a coating of snow."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 said. "I brought it out of the ground and I plan on putting it back in the ground."Hoskins' business in Amelia is scheduled to go up for auction on March 2, and he told Fuller he's considering leveling that building, too.RiverHills Bank declined to comment on the situation, but Hoskins said his actions were intended to send a message."Well, to probably make banks think twice before they try to take someone's home, and if they are going to take it wrongly, the end result will be them tearing their house down like I did mine," Hoskins said.

Hoskins said he's heard from people all over the country since his story first aired Thursday, and he said most have been supportive.He said he sought legal counsel before tearing down his home and understands the possible consequences, but he has never doubted his decision once he made it."When I knew I was going to lose it, I decided to take it down," Hoskins said.
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Source: http://www.wlwt.com/news/22600154/detail.html







hahaha great :)
 
marijuananation

marijuananation

Well-Known Member
thats the best story I have heard regarding foreclosure !!
Ha Ha Ha !! Fucking bank..
I bet this will make them think twice about taking peoles homes from underneath them !!
Considering people will do exactly that.. (put the house underneath them)
BRAVO !! EXCELLENT STORY !!
 
GrowSpecialist

GrowSpecialist

Well-Known Member
I'm on the fence with this one.

On one hand, I can understand how the guy feels. We're living in tough times (financially) and banks are pretty heartless. What makes it even worse (for this guy) is that he built the house himself.

On the other hand, what he did was criminal. I'm sure the bank will follow up with criminal charges pretty soon here. It was the wrong thing to do. He owed the bank money. When he borrowed that money, he knew what would happen if he didn't pay it back... and he proceeded to make the agreement. What did he expect? Did he expect the bank to let him slide by? Did he expect special treatment? Thats not how life works. If he can't afford the house, he shouldn't have it in the first place. He should be living in an apartment.
 
G

guitarabuser

Guest
Yup. He says he's giving the bank back the bare land that was there before he built, but what about the pile oif cash they loaned him to build? His POV is screwed. If a person gets a $10000 car loan and stops paying halfway through, should the bank bring him a $5000 check when they repo the car? This guy's an idiot. No wonder he's been sued into oblivion.
 
marijuananation

marijuananation

Well-Known Member
He decided to give it back to the bank as he purchased it "the land".
I do not think that any legal charges will follow, due to the fact that the contract specified he would use his property as collateral..
This is a very smart man that has been dealing with the IRS trying to "fuck him out of his house and business that he paid to build located on the properties" for the past 10 years.
He said he will do the same to his business, because he bought the properties from the bank and built his own home and business on the properties.
The bank did not finance the home or business to be built.
He paid out of his own pocket.

I hope that more people dealing with mortgage companies trying to "fuck them out of there homes" that have paid to build there homes out of pocket.
*Remember it is your house if you have paid for it to get built and you simply are only mortgaging the land from the bank.
They cannot steal your house or business from you, if you have paid for it out of your own pocket without the banks assistance with loans.
Sure they can have the land back, but don't let them make a profit off of your home !!

"Fuck Them, Don't Let Them Fuck You" 2010 Marijuananation
It is alot harder for the bank to sell land, then land with a house or business you paid for on it.
 
......

......

Well-Known Member
This is awesome.
The only charges I could see him getting are some type of construction/demolition without a permit.
Im pretty sure you need a permit from the city if you want to demolish your house.
It would suck to have to just destroy it all after you spent all that money on to build it.
Fuck the IRS
 
AllAboutIt

AllAboutIt

Well-Known Member
GrowSpecialist said:
I'm on the fence with this one.

On one hand, I can understand how the guy feels. We're living in tough times (financially) and banks are pretty heartless. What makes it even worse (for this guy) is that he built the house himself.

On the other hand, what he did was criminal. I'm sure the bank will follow up with criminal charges pretty soon here. It was the wrong thing to do. He owed the bank money. When he borrowed that money, he knew what would happen if he didn't pay it back... and he proceeded to make the agreement. What did he expect? Did he expect the bank to let him slide by? Did he expect special treatment? Thats not how life works. If he can't afford the house, he shouldn't have it in the first place. He should be living in an apartment.
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INDEED:blsmoke:
 
Confidential Herb

Confidential Herb

Active Member
Hilarious, This is a true soldier standing up to these banks and there greedy acts.

I have no doubt in my mind that he is going to be prosecuted by the IRS soon enough to come. As far as the case, goes...
I don't think they got **** for the reason marijuanation stated, He got the money to purchase the property. Even though the malicious act could resolve in some damage charges or something off the book like that.

I'm going to keep up with the case and see what becomes of it.
Personally, I think the man did a incredible thing and really did put the bank in there place, we'll see what happens. :leaf:

Happy Toking :bigjoint:
 
ANC

ANC

Well-Known Member
Remember the bank never loaned him anything.
They didn't take money from some vault and gave it to him.
Loans are created purely as numbers on a PC.
THere has been a court case about that before and the plaintif won.

I'd say sleeping in jail, beats sleeping on the pavement or a fema camp.
 
Louis541

Louis541

Well-Known Member
GrowSpecialist said:
I'm on the fence with this one.

On one hand, I can understand how the guy feels. We're living in tough times (financially) and banks are pretty heartless. What makes it even worse (for this guy) is that he built the house himself.

On the other hand, what he did was criminal. I'm sure the bank will follow up with criminal charges pretty soon here. It was the wrong thing to do. He owed the bank money. When he borrowed that money, he knew what would happen if he didn't pay it back... and he proceeded to make the agreement. What did he expect? Did he expect the bank to let him slide by? Did he expect special treatment? Thats not how life works. If he can't afford the house, he shouldn't have it in the first place. He should be living in an apartment.
Click to expand...
Did you even read the story? He offered to pay in full, plus 10,000 for the trouble but they said they could make more money by selling his house. I think it's fuckin awesome what he did.
 
GrowSpecialist

GrowSpecialist

Well-Known Member
Louis541 said:
Did you even read the story? He offered to pay in full, plus 10,000 for the trouble but they said they could make more money by selling his house. I think it's fuckin awesome what he did.
Click to expand...
If he had been making his payments, he would never have been bothered to begin with.
 
UNICRONLIVES

UNICRONLIVES

Well-Known Member
pretty sad these fucking banks that "WE THE PEOPLE" "BAILED OUT!!" and now they have the nerve to try n fuck us with our own money!! Thanks Congress!! kepp pushin the little man sum more n see what happens !!
 
LaundreyClosetGuy

LaundreyClosetGuy

Member
No if's on this one, mate was in his rights, even if they try to file somthing, it just brings bad press, and thats NOT good for the banks as it... F*** the banks, give the mate a f****** big metal!..
 
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