Friday, February 19, 2010

People Have HAD It...

And they're snapping. It's an evolving trend - I'm predicting you'll see it soon in an area near you.

Man Bulldozes Home Over Foreclosure
Mother Jones
by Andy Kroll

...From Foreclosureland:
Faced with foreclosure, Terry Hoskins, a struggling homeowner in Moscow, Ohio, decided to bulldoze his $350,000 home rather than let his bank, RiverHills Bank, take it from him. "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 told TV station WLWT in Ohio. The story goes on to say:

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 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."


Blogger Jefferson's Guardian said...

December won't look like January. It's starting...

6:40 AM  
Blogger Anna Van Z said...

I'd torch my place before letting tax man or banking cartels have it.

Greed always makes empires and fascists overreach, and it's always their downfall. Yet oddly, this ilk repeats the same thing, century after century, with nary a clue.

11:37 AM  
Blogger Jefferson's Guardian said...

"I'd torch my place before letting tax man or banking cartels have it."

What a great form of rebellion. Don't you wish everyone would do this?

11:46 AM  
Blogger Peter of Lone Tree said...

Joseph Stack.
How's that for a tax protest.

1:03 PM  
Anonymous sara said...

I can't blame that guy at all. The fellow who bulldozed his home, not Joseph Stack the domestic terrorist.

9:34 PM  

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