U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-04-2021, 04:32 PM
 
358 posts, read 240,110 times
Reputation: 417

Advertisements

Quote:
Originally Posted by charlygal View Post
Of course it was a scam from day 1. That's why he only made one mortgage payment. Honest, sincere, yet struggling homeowners would at least have made payments for a couple of years before defaulting.
I agree, but why even make one?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 05-05-2021, 08:31 AM
 
5,581 posts, read 3,929,694 times
Reputation: 7895
How much of this situation can be attributable to New York state and the local laws? My understanding is that some states are stricter than others when it comes to residential topics like mortgages, rental agreements and occupancy.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-05-2021, 09:00 AM
 
4,306 posts, read 4,270,715 times
Reputation: 5571
Quote:
Originally Posted by scampy25 View Post
I agree, but why even make one?

Probably some detail about establishing the mortgage and making it active
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-05-2021, 09:21 AM
 
Location: Ocala, FL
4,695 posts, read 7,546,104 times
Reputation: 4864
I hope bad Karma bites this guy in the end. Nothing but a crook in my opinion.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-05-2021, 06:33 PM
 
440 posts, read 245,947 times
Reputation: 1355
My aunt did a form of this for four or five years during the last mortgage crisis. She was 95 or 96 and had taken out what was basically a second mortgage without having a first. That is, minimal paperwork, no appraisal, etc. Her brother, who was a ****** (gone to prison for it a couple of times), talked her into it. The real estate "empire" he was building for her (LOL) collapsed, and she quit paying. She had no money; I paid her power and telephone bills during this time frame. It was quite the saga as he tried to have her killed as well (went to jail but was released because he was only a few years younger than she was and was dying . . . saves money if you release the dying). After he died, she kept on living there, still not paying.

Banks aren't great at evicting little old ladies, particularly when the house is of minimal value due to current condition and there is a glut of foreclosed homes already. They kept "telling" her that she needed to leave, but it wasn't until her daughter emptied the house and took her back to her home state that the house was surrendered. She was never formally evicted.

My aunt lived to be almost 101. She could probably have died there before they kicked her out.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-06-2021, 02:10 AM
 
Location: NJ
16,619 posts, read 25,203,559 times
Reputation: 17018
The whole story is hard to believe. How does someone file bankruptcy 5 times in 2 years? He then files bankruptcy again in 2019 and 2020 with one of his friends filing 4 times in 2019. Are they just filing for bankruptcy but not following through? I don't have experience with bankruptcy.

The house is a huge trash dump. Of course he's not taking care of something he has no stake in. I used to have the same shower curtain in my old house back in 2005 but mine was a different color.

Zillow says a sale is pending. It also says the house was sold in 2018. It's been listed a few times since 2018, gets listed then pulled a few days later. Too bad there isn't much history showing.


2468 Kenmore St East Meadow NY 11554

Quote:
By January 2001, he filed his first bankruptcy claim, records show. He went on to file another in November 2001, two in 2002 and one in 2003.

If bankruptcy filings didn’t work, Hanspal simply went to state court seeking relief, sometimes acting as his own attorney, according to an August 2005 order from Nassau County Judge Burton S. Joseph.

Meanwhile, in 2004, Hanspal transferred the deed of the home to a friend, Rajender Pal, even though he had no legal right to do so, according to court papers. Pal, using the Kenmore Street address, filed for bankruptcy in 2005, staving off eviction yet again.


By May 2018, Chase unloaded the property to Diamond Ridge, which offered Hanspal $20,000 to leave. He didn’t take the deal, and instead, filed for bankruptcy again in 2019 and 2020. Another purported occupant of the house, Boss Chawla, filed bankruptcy four times in 2019, as did another resident — allegedly named John Smith — who filed once.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-06-2021, 07:30 AM
 
Location: Raleigh
11,047 posts, read 8,431,727 times
Reputation: 15676
Quote:
Originally Posted by AtkinsonDan View Post
How much of this situation can be attributable to New York state and the local laws? My understanding is that some states are stricter than others when it comes to residential topics like mortgages, rental agreements and occupancy.
Some I'm sure, but given situations I know of in a few other states if one cares to fight the process, they can draw it out for a long time.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-06-2021, 08:52 PM
 
Location: The Triangle
4,575 posts, read 3,741,741 times
Reputation: 13684
Quote:
Originally Posted by AtkinsonDan View Post
How much of this situation can be attributable to New York state and the local laws? My understanding is that some states are stricter than others when it comes to residential topics like mortgages, rental agreements and occupancy.
New York is a Judicial foreclosure state and very pro debtor. It takes a long time to go through the foreclose process there. And that's when everything goes smoothly.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-07-2021, 06:46 AM
 
Location: Raleigh
11,047 posts, read 8,431,727 times
Reputation: 15676
Quote:
Originally Posted by Sweet*Tea View Post
New York is a Judicial foreclosure state and very pro debtor. It takes a long time to go through the foreclose process there. And that's when everything goes smoothly.
I think that if the debtor is willing to fight diligently they all take years.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-08-2021, 09:05 AM
 
5,581 posts, read 3,929,694 times
Reputation: 7895
Quote:
Originally Posted by JONOV View Post
I think that if the debtor is willing to fight diligently they all take years.
Yes you are correct but 20 / 20+ years is an extreme example and my original point is that it exemplifies the judicial defectiveness of a jurisdiction like New York.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top