Distraught Homeowner Bulldozes House

Real Estate Agent with Dilbeck Real Estate Real Living DRE#01091347

I can't believe this man did this, but, it's almost no different than the distraught homeowners who take all of their lights, cabinets, toilets, sinks, etc out of their home before the bank takes it through a sale. The frustration is understood.

Original content by Diana Manzato 0531694 inactive

Distraught Homeowner Bulldozes House in Ohio

This may be old news to many of you, but it was the first time I've seen it.

I suspect that this is not happening regularly by distraught homeowners, but it was a bit shocking that a person would go to this level of preventing a bank from foreclosing on property.....

 I'm wondering what the legal consequences, if any the bank has...not that I'm too worried about the banks.  Any thoughts?

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Comments (6)

Jeanean Gendron
The Address Realty - Redding, CA
Specializing in Selling Unique Properties

I saw this before. Shoudl be an interesting video for the banks. I believe seriously that we will see more and more of this. Some message has to get through. What can you do the Seller after this......I would guess the bank will pursue!

Feb 25, 2010 10:52 AM
Jim Curry
Re/ Max Achievers - Hagerstown, MD

Unbelievable, I thought I'd seen it all with the missing toilets & kitchen cabinets.  When will it end?  Thanks

Feb 25, 2010 10:54 AM
Debbie Rumsey
HomeSmart Realty West, Carlsbad, CA - Encinitas, CA
Realtor, Green, SFR
That is amazing! Do you think there might be some lawsuits on that one!? WOW!! I am speechless.
Feb 25, 2010 10:58 AM
Dave Westall
Oliver Luxury Real Estate - Tahoe City, CA
Just because you buldoze your house doesnt mean that you no longer have a loan obligation. Instead of going through the proper channels which would have allowed this guy to stay in his house payment free for 4+ months maybe even a year depending on how quickly the banks act on a foreclosure/short sale situation. Now he has no house to live in, will have to rent somewhere else and will face legal consequesnces for destroying property. Its a sad state of affairs and its unfortunate that this mans Realtor was not able to guide him through the process. --Dave http://www.WestallRealEstate.com
Feb 25, 2010 11:04 AM
Linda S. Lane
Dilbeck Real Estate Real Living - Altadena, CA

I agree, Dave. But, I don't believe that this man had any intention of selling his home that he built to anyone else. Guess he had the attitude of "if I can't have it, no one can". People really snap nowadays. Bailey Building & Loan is long gone.

Feb 25, 2010 11:08 AM
Craig Richardson
National Realty - McLean, VA

Linda, I saw that.  Certainly a sign of the times.

Feb 25, 2010 11:53 AM