Article

2010-02-20 -Short Attention Span Theater-

Frustrated Owner Bulldozes Home Ahead Of Foreclosure

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Posted by gorb 2010-02-20 02:01|| || Front Page|| [5 views ] Top

#1 Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade,

HIS home? Until you make that last payment, it belongs to the mortgage holder. One borrows money to obtain the means to acquire the house upon an agreement to repay the lender. Unless Terry comes up with his own stash of money to buy a home or car or anything else, there's no reason for any institution to loan Mr. Hoskins a dime till he leave us all. Good luck.

Posted by Procopius2k 2010-02-20 02:37|| 2010-02-20 02:37|| Front Page Top

#2 "Until you make that last payment, it belongs to the mortgage holder"

Apparently he had access to the money required but the bank refused to allow him to pay it because they make more money by foreclosing.

Posted by crosspatch 2010-02-20 03:17|| 2010-02-20 03:17|| Front Page Top

#3 Read more here:

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1287086

Posted by crosspatch 2010-02-20 03:23|| 2010-02-20 03:23|| Front Page Top

#4 If my read on crooked small town and rural county banks is accurate, it would appear the RiverHills Bank now owns a bulldozer, lowboy & tractor, and possibly a pickup truck or two. I hope you enjoyed the short-term satisfaction Mr. Hoskins...wherever it is you now call home.

Posted by Besoeker 2010-02-20 04:38|| 2010-02-20 04:38|| Front Page Top

#5 I wouldn't advocate violence or life ending harm to the crooked bankers, but if something were to happen to them...I'd understand.

Posted by Don Vito Uleash 2010-02-20 09:06|| 2010-02-20 09:06|| Front Page Top

#6 I wouldn't advocate violence or life ending harm to the crooked bankers, but if something were to happen to them...I'd understand.

The best way to handle the banks and bankers is 1)-make sure none are on or backing any member of your local county commission and 2)-make sure the local treasurer's office is fully manned and up to date on issuing notices of back taxes. That's the tool to literally take the property from the banks who are notorious in making sure the taxes owed on the property are being made. Sheriff sales have a tendency to clear bank holdings if done properly and efficiently.

Posted by Procopius2k 2010-02-20 09:21|| 2010-02-20 09:21|| Front Page Top

#7 The best way to handle the banks and bankers is 1)-make sure none are on or backing any member of your local county commission. P2K

Very, very difficult to meet that standard in a small town where debtors (who are also tax officials, and sheriffs) owe their allegiance and extensions of credit to the local bank. Recommendation, eat at the local cafe... do your banking a few counties over.

Posted by Besoeker 2010-02-20 09:37|| 2010-02-20 09:37|| Front Page Top

#8 ... do your banking a few counties over.

Agreed. The bank appears to have the county Mr Hoskins lives in well covered.

Posted by Pappy 2010-02-20 10:56|| 2010-02-20 10:56|| Front Page Top

#9 I made a reasonable offer to the bank that foreclosed on the house and property I was leasing. They didn't take my offer and the property is still for sale. I think I came out just fine.

Posted by Deacon Blues 2010-02-20 18:27|| 2010-02-20 18:27|| Front Page Top

#10 Wonder how many banks would be 'holding out' for a 'better deal' if the government wasn't giving them the idea that house prices could be held artificially high.

Posted by Procopius2k 2010-02-20 18:34|| 2010-02-20 18:34|| Front Page Top

#11 Wonder how many banks would be 'holding out' for a 'better deal' if the government wasn't giving them the idea that house prices could be held artificially high. The total volume of such houses now being kept off the market by banks is what's called the 'shadow inventory' of foreclosed or defaulted houses.

Posted by Anguper Hupomosing9418 2010-02-20 19:41|| 2010-02-20 19:41|| Front Page Top

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