Friday, February 19, 2010

Bleak House

Not sure if the dam is breaking loose just yet, but we are seeing the meme forming. This isn't just trashing the house prior to foreclosure - this is a whole new level.

Frustrated Owner Bulldozes Home Ahead Of Foreclosure
MOSCOW, Ohio -- Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique.

Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home.

"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 said...

..."I'll tear it down before I let you take it," Hoskins told them.

And that's exactly what Hoskins did.

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..."

Pair this with the fact that the Austin Suicide Pilot Joe Stack torched his house prior to his attack on the IRS building makes me think the American McMansion is in for a rough road as a symbol in the coming years.

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