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Ohio man bulldozes home to avoid foreclosure

Published: Fri, February 19, 2010 @ 1:46 p.m.

MOSCOW, Ohio (AP) — An Ohio man says he bulldozed his home after a bank began foreclosure proceedings and says he won’t let the bank take his carpet business either.

Terry Hoskins of Moscow in southwest Ohio says he has struggled with the RiverHills Bank over his Clermont County home for years and had problems with the Internal Revenue Service.

He says the IRS placed liens on his store and commercial property, and the bank claimed his house as collateral.

Hoskins says after spending “tons of money” on attorneys he just had enough, and two weeks ago he bulldozed the home, 25 miles southeast of Cincinnati.

When asked if he would level the store, Hoskins said he would do “what it takes.”


1pci510(105 comments)posted 6 years, 4 months ago

Better than being violent like in Texas and to many people have been forced into difficulties by the IRS of which some of the agents have purchased high costing houses trying to force people into paying for them sometimes even illegally. A survey was completed that in large cities IRS agents out of 10 questions only 2% could get 5 or less right for business taxation. Time for a major overhaul in taxation and the IRS. And bulldozers should be used to stop people from being forced into foreclosures !!! Posted by Darin

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2uf64(7 comments)posted 6 years, 4 months ago

What ever happened to personal responsibility? You asked for the loan, you got in over your head and it's the banks fault, the goverments fault, get real! Quit the blame game and quit looking for someone else to bail you out when your the one that took their money of your own free will.

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3Mer1(28 comments)posted 6 years, 4 months ago

It's not the IRS's fault. If he'd pay his taxes and make his house payment, he'd have no problem. I've read about companies who keep the payroll tax which they withhold from an employee's paycheck and then complain that the IRS put a lien on their property. As far as giving wrong answers, the people are not IRS agents, but instead taxpayer service employees. The IRS should use IRS agents, many who are CPA's, to answer these questions during the busy tax season. Also, taxpayer service workers should be better trained so they won't give wrong answers.

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4Mer1(28 comments)posted 6 years, 4 months ago

For those who don't believe in an income tax, how do you expect our country to pay for highways, bridges, defense spending, etc.? I would like a consumption tax instead of an income tax as those in the underground economy would have to pay their fair share. Either way, we still have to pay some tax.

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