When you read the story, understand this…
The Palm Harbor man hasn’t paid a cent on his home since 2002, back when gas cost $1.61 a gallon, Saddam Hussein ruled Iraq and Kelly Clarkson was the first American Idol. Now, 12 years later, the world has moved on. Stenstrom has not.
As of this week, he and his family were still in the house even as a bank pressed ahead with efforts to evict them.
“I understand it looks bad,” Stenstrom says of his decade-plus of payment-free living. “But it was wholly legal.”
Stenstrom, 62, has benefited from a federal law that automatically stops all actions by creditors, including banks trying to foreclose, when a person declares bankruptcy. Between 2002 and last year, Stenstrom and his wife filed a total of 18 bankruptcy petitions to keep their house from being sold at public auction.