Frustrated Owner Bulldozes Home Ahead Of Foreclosure

[Darth Wagtaros]

The bank should make a message too buy suing his ass for destroying their property

He doesn't seem to have much to do and has gained national sympathy and support.  What are they gonna do, dock his none existent wages?

[DontSayBanana]

The bank should make a message too buy suing his ass for destroying their property

Not their property until proceedings are completed; Ohio's a lien state.  Anyway, if his comments that he built the house are true, they've got no damages to sue for, since the house was improvements to the property after the purchase.

The best they could go for is to sue him for cleanup costs to restore the property to the condition it was originally sold in.

[grumbler]

Not their property until proceedings are completed; Ohio's a lien state. 

Once proceedings begin, though, surely a property holder cannot destroy value in order to deny it to the lien-holder.

Anyway, if his comments that he built the house are true, they've got no damages to sue for, since the house was improvements to the property after the purchase.

First, I see no reason to believe anything that this person says.  Second, what you say is only true if the guy got a $350,000 loan on the land alone.   If that is true (and the house was a mere addition that wasn't covered by the lien except to the extent that it occupied the land the lien was on) then the guy is doubly a moron - he had a house clear and free, and had paid the $350,000 land value down to less than $200k.  Given the drop in property values, the only way he was going to walk away from this with any money was to get the sales value of the house (which he says is also worth $350k) and hope that there was enough from the land sales to cover his debt.

But I am willing to bet that the $350,000 value was land plus house, and that this is what he had a mortgage on.

The best they could go for is to sue him for cleanup costs to restore the property to the condition it was originally sold in.

Why?