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Man Bulldozes Home After Foreclosure
Chris Walters
(WLTW.com)
Terry Hoskins owed $160,000 on a mortage on the home, which was valued at $350,000. Hoskins says the IRS placed liens on his business property and home after his brother, a former business partner, sued him. He says the bank then claimed his home as collateral and refused to accept a $170,000 buyout offer on the mortgage, telling him they could get more from it at auction.
He says he might bulldoze the commercial property next.
http://consumerist.com/2010/02/man-bulldozes-home-after-foreclosure.html
Feb. 18, 2010