Man bulldozed his home to prevent the bank from getting it back!

By
Real Estate Agent with Keller Williams Realty Coeur d'Alene AB37665

BulldozerThis is a truly sad story that underscores just how emotionally traumatized homeowners can get as they face losing their homes to foreclosure.

After what was called a decade long battle, a local bank was foreclosing on the guy's home and business.  Unjustly, says the homeowner, but we don't know the whole story.  In his frustration, rather than let the bank have his home, valued at $350,000 with a mortgage balance of $160,000, he leveled it with a bulldozer.

Now, I can say that I understand his distress and frustration, but that can't have been in anybody's best interest.  Especially his, as there will be consequences which he will have to face.



If you are frustrated and wondering if there is an option to avoid foreclosure, please call me.  Sometimes there is a better option.  Many homeowners are having success with short sales.  I can help you determine if you are a good candidate, and help you make it happen if you are.  There will be NO COST to you!

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Janna SignJanna Rankin Scharf  provides a superior level of real estate services to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit Janna.ServingNorthIdaho.com to search for homes in the Coeur d'Alene MLS for anywhere in spectacular North Idaho.

No matter how grand or modest your real estate dreams may be, you can turn to me in confidence.  Give me a call today and let me know what I can do to be of service to you!

Janna Rankin Scharf AB, GRI, CSP, CNS, CLHMS  208.651.9700

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  1. Robert L. Brown 02/23/2010 11:15 AM
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Topic:
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Ambassador
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Jason Crouch
Broker - Austin Texas Real Estate (512-796-7653)
Austin Texas Homes, LLC

Janna - I hadn't heard about this either, but (as Jim alluded to above) it does remind me of the guy who burned his house down before crashing a plane into the IRS building.  There seem to be more and more desperate people out there.

February 23, 2010 04:48 PM
Rainmaker
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Delaware Junk Removal Residential And Commercial Hauling Clean Outs
Whole House Clean Outs, Basements, Garages, Attics
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My heart goes out to these people, its a tough world out there

February 23, 2010 10:12 PM
Rainmaker
694,617
Debra Walsh
Hudson Valley NY Real Estate 845.928.8000
Keller Williams Realty

I was shocked at his attitude.  Not shocked that he had done it but shocked that he said so casually I did it and would do it again.  This is going to start other people down the wrong path.  He is going to get in trouble for this and I think his family should be more important. 

February 25, 2010 12:59 PM
Rainmaker
167,438
Dana Scanlon
Bethesda MD- Award-Winning Bethesda Realtor
Keller Williams Capital Properties

Wow, you can't help but feel sorry for the man, but this is not a solution to anyone's woes. If he owes $160,000 as he says and its worth $350,000, why not just sell it, pay the bank and walk away. Sound like an extreme case of rage, and the man could be dangerous.

February 25, 2010 06:50 PM
Rainmaker
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Nancy McNamee
Keller Williams Realty

Amazing!  I can see someone being angry but this is over the top.  Wondering if he has or had a family...I just can't see how this will improve things for him at all.  And if it doesn't, what's the point... Oh yeah, that's logical thinking and I doubt that entered into this.  Still feel bad that things are coming to this. 

February 26, 2010 12:59 AM
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Janna Scharf

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Coeur d'Alene Idaho Real Estate Blog By Janna Rankin Scharf of Keller Williams Realty is a Great Place For Real Estate Agents and Potential Buyers and Sellers to get to know more about Coeur d'Alene Idaho as well as other parts of Kootenai County and North Idaho.
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