Heirs Of Elderly Man File Suit In Alleged Reverse Mortgage / Home Repair Scam

Channel 8 News in Austin, Texas reports on a recent lawsuit filed against a reverse mortgage consultant and a home improvement contractor alleging fraud against a now-deceased local elderly homeowner. According to the story:

• The lawsuit states Elder Solutions, LP "solicited and exploited elderly homeowners." The suit claims the two companies use a "two-step scheme." First they "bait the homeowner with promises of cash and improvements" and then they "commence major demolition" - trapping the homeowner into selling their property to pay the debt.

Austin attorney Joe Marrs, with the law firm Jackson Walker L.L.P., is representing the elderly homeowner's survivors and says that among the alleged fraudulent conduct committed was the use of forged powers of attorneys. Trish McAllister of Volunteer Legal Services of Central Texas referred the case to Marrs. McAllister said this story is one of many she's heard involving reverse mortgages, mechanics liens, and foreclosures.

Another Austin-area resident said that the same thing happened to her father with Elder Solutions and the same home improvement company, Chaparral Ceiling and Wall, Inc. Attorney Marrs is reportedly in the process of filing a lawsuit on her behalf as well. For more, see Family sues local companies for fraud.

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