Tag Archives: foreclosure

Frustrated Owner Bulldozes Home Ahead Of Foreclosure

Posted by JD Thomas on February 26, 2010 in Politics, Techfun 1 comment

Frustrated Owner Bulldozes Home Ahead Of Foreclosure

Terry 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. “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

Foreclosure – Its not just for homeowners anymore

Posted by JD Thomas on February 14, 2009 in Techfun Comments Off

While the news media has done a relatively decent job of keeping the ever increasing number of home foreclosures in the news, but there has not been as much coverage of foreclosures in the commercial real estate markets. Many people who decided that they preferred to rent rather than jump into the volatile US housing market are now paying the price for choices made by their landlords. Las Vegas is the number one city for foreclosures. In 2008 alone, 48,303 notices of default were filed, with almost one third (15,360) of those being rental properties.