A man in Moscow, Ohio has taken unique steps against a bank forclosing on the house he, himself built. Terry Hoskins tore his $350,000 home down with a bulldozer.
Hoskins has been in struggle with RiverHill Bank over his home for over a decade after the Internal Revenue Service placed liens on his carpet store and commercial property after his brother, and one-time business partner, sued him.
The bank claimed his house as collateral and went after both his residential and commercial properties.
Hoskins, who owed the bank $160k, said he'd gotten a $170,000 offer from someone to pay off the house, but the bank refused saying they could get more from selling it in foreclosure.
So Hoskins decided to present the bank with an ultimatum and told them he'd tear it down before he'd let them take it. And so that's what Terry did.
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