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Real Estate & Property Law

: The Home Equity Theft Reporter

Florida Woman Dupes Senior Into Signing POA, Then Drains Victim's Home Equity With Reverse Mortgage, Loots Bank Accounts, Say Cops

By r morris

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In Palm Beach County, Florida, The Palm Beach Post reports:Evelyn Dick, authorities say, persuaded a 71-year-old North Palm Beach woman to let her get a reverse mortgage on the woman's home, then pocketed more than $34,000. Dick, 50, of suburban West Palm Beach, is charged with grand theft of between $10,000 and $50,000 on a person older than 65.***The woman has told North Palm Beach police Dick

Full post as published by The Home Equity Theft Reporter on March 27, 2010 (boomark / email).

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