Retirees as Targets of Real Estate Scam
Senior citizens – already victims of reverse mortgage gouging from “estate planning services” – are now becoming targets of new, more advanced home equity schemes from financial con artists, according to a real estate lawyer. Seniors may be forced into paying loans that are more than they can afford and risk losing their homes to predator and scavenger scams, according to Manuel Duran, of the law firm of Bett Zedek Legal Services, Los Angeles. Duran was part of a panel discussion at the Practicing Law Institute’s Consumer Financial Litigation Conference in San Francisco. Predators use several products or hooks to
