Posted by MonicaFL on 6/28/09 9:51am
Msg #293855

RM fraud

In the local newspaper yesterday there was an article about a couple here locally who somehow got money from a reverse mortgage by fraudulently signing a senior citizen's name to a reverse mortgage. Can't figure how they did that unless they somehow used a POA. Would love to know who the notary was.

Reply by MW/VA on 6/28/09 5:12pm
Msg #293888

That's too bad. I think that's one of the greatest concerns with RM's--that someone is coercing or there to take the money. I hope they catch them & prosecute.

Reply by Shoshana Roller on 6/28/09 5:25pm
Msg #293891

Sometimes it goes the other way...selfish children who have great influence over their elderly parents and would rather see them eat cat food or dog food than see their inheritance go down the drain.
That is definitely elder abuse in my book.

Reply by Kate/CA on 6/28/09 8:04pm
Msg #293903

Very often so true!

Reply by Shoshana Roller on 6/28/09 8:28pm
Msg #293906

I have a friend here who does only reverse mortgages and she experiences lot of that.