WLWT News 5, Ohio:
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.
Hoskins said he'd gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure. 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.
FDR
ReplyDeleteI saw this and was wondering if this could take off on a copy cat type trend. I guess, stay tuned!
350,000 three years ago maybe. Right now 170,000 is about right. Too bad the bank will still value it at 350K on their books though.
ReplyDelete"I saw this and was wondering if this could take off on a copy cat type trend. I guess, stay tuned!"
ReplyDeleteIt's certainly a good solution for his neighborhood.