Documenting his actions on video, Terry Hoskins bulldozed his home in Moscow, Ohio, after his local bank began foreclosure proceedings. IRS tax liens on business properties owned by Hoskins were filed on his home. Hoskins had never missed a mortgage payment. In fact, he was never even late on a payment on his home. The decision by the bank to foreclose on his house in response to the IRS tax liens enraged 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,” he told a local news station.
The bank moved to foreclose on the home, even though Hoskins claimed he had received a $170,000 offer on the property from an interested buyer. “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,” he said. “I brought it out of the ground and I plan on putting it back in the ground.” There is no question that the reaction of Terry Hoskins to possibly losing his home and his property was extreme to say the least.