Not sure if this was the smartest thing for this homeowner to do but if he thinks destroying his home was a good decision, I think he will be in more trouble.... possibly jail.
An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it.Terry Hoskins says he has struggled with the RiverHills Bank over his home in Moscow for years and had problems with the Internal Revenue Service. He says the IRS placed liens on his carpet store and commercial property and the bank claimed his house as collateral.
Hoskins says he owes $160,000 on the house. He says he spent a lot of money on attorneys and finally had enough. About two weeks ago he bulldozed the home 25 miles southeast of Cincinnati.Messages were left for the bank and its attorney. IRS spokeswoman Jodie Reynolds said individual taxpayer information is private and federal law prevents her from commenting.
For the latest status on this property and many more in the Orlando area, contact Steve Glose with Keller Williams Realty direct at 407-616-7286 or visit www.thefloridalivingteam.com. For a faster reply you can also email me at steve@thefloridalivingteam.com.
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