An Ohio man lost his home to foreclosure and bulldozed his house rather than let the bank take it back. It seems he was sued and the IRS placed a lien on his home. The bank claimed the home as collateral.
From what I can tell, it sounds like the guy got a loan from the bank and built the house himself. He owed $160,000 on it. The bank started foreclosure. The home was supposedly worth $350,000 and the owner had an offer to buy it for $170,000. The bank rejected this, saying they could get more for it at auction. So the man decided he would return the property to the way it was when the bank gave him the loan - just an empty lot - and he bulldozed the house.
As much as I hate to say it, I have to agree with the owner here. The bank was just plain greedy. He had an offer that would have paid off the bank completely, but the bank rejected it because they thought they could get more money. That was just stupid.Whoever made that decision at the bank should be fired.
Now there is probably more to this story. For example, why did the IRS put a lien on his house and how much did he owe them? It might be that the $170,000 was not enough to pay off the IRS and the bank, which is why the bank rejected it. As you know, IRS liens get paid off before any other liens, so maybe the bank would have lost money with that offer. If that's the case, I would have to side with the bank. But, lacking any info to the contrary, I think the bank screwed up.
Jumat, 19 Februari 2010
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Halo, nama saya Julia Simon, korban penipuan di tangan kreditur palsu. Saya telah kehilangan sekitar Rp80,000.000.00. karena saya butuh modal besar Rp195,000.000.00. i hampir mati, saya tidak punya tempat untuk pergi. Bisnis saya hancur, dan dalam proses saya kehilangan anak saya. Aku tidak tahan ini terjadi lagi. di 2 bulan yang lalu, saya bertemu dengan seorang teman yang memperkenalkan saya pada ibu yang baik, Mrs. Augusta Ibramhim, yang akhirnya membantu saya mengamankan pinjaman di sebuah perusahaan. ibu yang baik Saya ingin mengambil kesempatan ini untuk mengucapkan terima kasih, dan semoga Tuhan terus memberkati Anda. Saya juga ingin menggunakan kesempatan ini untuk menyarankan sesama orang Indonesia, bahwa ada banyak scammers luar sana, jadi jika Anda membutuhkan pinjaman, dan ingin mengamankan pinjaman cepat, cukup sign in dengan Mrs Augusta Ibramhim melalui email: augustaibramhim11 @ gmail .com. Anda juga dapat menghubungi saya melalui email ini: juliasimon460@gmail.com. jika Anda memiliki keraguan. silahkan ia adalah satu-satunya yang handal dan terpercaya.
Terima kasih.