A man who was confronting imminent foreclosure on his home and outstanding tax liens on his business decided to demolish his own home rather than turn it over to the bank.
Terry Hoskins bulldozed his home in Moscow, Ohio, after RiverHills Bank began foreclosure proceedings. When I see I owe $160,000 on a home valued at $350,000, and someone decides they want to take it no, I wasnt going to stand for that, so I took it down, he told local station WLWT.
The IRS had also filed tax liens against his carpet business and his commercial property after his brother sued him as a former business partner. The bank moved to foreclose on the home, even though Hoskins claimed he had received a $170,000 offer on the property from an interested buyer.
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, he said. I brought it out of the ground and I plan on putting it back in the ground. He leveled the home two weeks ago with a bulldozer, and he is threatening to do the same with his carpet business, which is scheduled to go up for auction next month.
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