Home » today » Business » Male USA has lived in the same house for 23 years but only paid one mortgage overseas

Male USA has lived in the same house for 23 years but only paid one mortgage overseas

The 52-year-old bought the house in 1998. Two years later it was bought by a real estate agency, but Gurmaret Hanspal has not yet left the house.


He was able to successfully apply the US suspension rules. These rules temporarily protect homebuyers from collections and evictions. Because he filed for bankruptcy and benefited from this rule, Hanspal could have stayed in his house longer without getting paid.

By the way, Hanspal wasn’t the only one who did this trick. At least three illegal homeowners have reportedly similarly abused the system, writes The Mirror.

Jordan Katz, attorney for Diamond Ridge Partners, the company that actually acquired the house from Hanspal earlier this century, called on the New York Post to condemn the action. “This is a group of people who are doing everything in their power to abuse the legal system to allow them to stay in a home illegally for an extended period of time.”

“Amazingly Big”

According to Katz, at the age of 23, Hanspal managed to hold out “incredibly long”. “Where others have tried the same, they have not been able to hold out for that long.”

In these 23 years, Hanspal could have avoided mortgage payments of around 366,000 euros. He filed for bankruptcy for the first time in 2001, followed by another in the same year, followed by two more in 2002 and one in 2003. When this stopped working at some point, a friend took over. This friend declared bankruptcy in 2005 and the fraud continued.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.