Simply Awesome

[MonsterMark]

Guy bulldozes his house that the bank is putting in foreclosure.
Guy has 60% equity in the house and the bank wants to repo it.
Good for him. Here take it.

http://www.wlwt.com/slideshow/news/22602245/detail.html

 

[foxpaws]

Too bad he is still going to be responsible for the entire amount - unless he declares bankruptcy, this will go to court and he will have his wages garnished until the end of time.

He made a contract with the bank - he didn't keep up his end of the bargain - they foreclosed (it sounds like he used the house as collateral on a business loan). He can cry and have the biggest tantrum in the world - but he is still responsible for the amount due on the note.

But, he got his lower garage doors out of there - it looks like he probably stripped the house before dozing it...

 

[LaserSVT]

Huh, guess I am confused. A few years back my aunts hous foreclosed and at auction it sold for $250,000 over what she owed and the bank gave her almost all of it. If he was into it so much wouldnt he have come out OK?

And I am sure his plan was to go BK.