Wednesday, July 21, 2010

Blowing up the Bank?

An Illinois man facing foreclosure reportedly attempted to blow up the bank that held his mortgage.

Last Friday at around 8 p.m., the disgruntled homeowner crashed into a PNC bank branch in his hometown of Lockport in an apparent attempt to destroy it.

The man then set off a four-inch mortar, typically reserved for fireworks shows, which blew off the roof of his car and shattered windows in the front of the bank.

Fortunately the bank was closed at the time and there were no reported injuries.

The homeowner, David Whitesell, has been charged with arson and criminal damage to property with an incendiary device, both felony offenses.

He was being held on a $30,000 bond and expected to appear in court this week.

There have been similar instances of homeowners going to great lengths to get revenge on their banks or attempt to bring their mortgages current using unconventional methods.

In February, a man bulldozed his home after the bank began foreclosure proceedings.

And last summer, another struggling homeowner robbed a bank in San Diego in order to make his mortgage payments.

He made off with $107,000 before eventually being caught.

A month earlier, a Long Island truck driver behind on his mortgage executed an elaborate fake robbery, which included telling police he was held up at gunpoint.

He eventually broke down and told police he was unable to keep up on his mortgage.

I am an actual person so if you are interested in refinancing you can receive real time quotes and payment options by calling me directly.

You can reach me, Gene Neal at 877-276-6400 Ext 101.