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Real Estate & Property Law

: The Home Equity Theft Reporter

$300K Proceeds From Reverse Mortgage Part Of $750K Ripoff From Victimized Senior; POA Called "License To Steal From The Elderly"

By r morris

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In Honolulu, Hawaii, the Honolulu Advertiser reports:A trusting 82-year-old 'Aiea man is struggling to restore his financial footing after giving away his durable power of attorney to a female acquaintance who used it to raid his bank account and obtain credit cards and a reverse mortgage that plunged him into staggering debt.(1)Friends who are helping the elderly man said cash losses and new

Full post as published by The Home Equity Theft Reporter on February 18, 2010 (boomark / email).

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