Cleveland Senior Loses Home To Repair Scam

WKYC-TV Channel 3 in Cleveland, Ohio reports that a 75 year old, recovering stroke victim with a fully paid off home of 50 years, fell victim to a door-to-door home repair scam that resulted in the loss of his home. Reportedly, a stranger showed up at the front door of the victim's home offering to fix up the front porch and add a little bit of carpeting. All the victim had to do was sign on the dotted line. So he did. What the victim unwittingly signed was an $80,000 mortgage that he can't remember signing and can't afford. The mortgage loan was subsequently sold, the new mortgage holder ultimately initiated a foreclosure action, and the victim's home was sold at auction. The victim is fighting to get it back. For more, see Predatory lenders target elderly man.

Go here to watch Channel 3 Video Report, by reporter Eric Mansfield.

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