Times are tough, and some homeowners feel defeated by impending foreclosure. Some try to work out a solution with their bank. Others try to do a short sale. Terry Hoskins of Moscow, OH, tried another approach. After years of arguing with the River Hills Bank of New Richmond, OH, as well as the IRS, Hoskins bulldozed his house rather than let the bank take it away.
He had paid over $200,000 on his $350,000 home, as well as numerous attorney fees and thought the threats from the bank and IRS were unfair. Rather than being victimized, he powered up the dozer. Hoskins, also in trouble with his commercial property that he built from the ground up, threatens to leave the land in the same barren condition he found it.
Fearing foreclosure? Don’t take drastic action! Help is available in DC. The Department of Housing and Community Development or the District of Columbia Housing Finance Agency can provide assistance if you face these drastic circumstances.