Sunday, January 11, 2009

Elderly, Penniless Mom Tells Judge To Jail Son For Home Equity Ripoff; Man Accused Of Abusing POA To Pocket Proceeds Of Reverse Mortgage On Residence

In Sarasota, Florida, the Sarasota Herald Tribune reports:
  • An 82-year-old woman suffering from the mental and physical fallout of a stroke told a judge Thursday that her son should go to prison for stealing from her. About an hour later, her 61-year-old son was handcuffed, fingerprinted and sent away for two years.

  • "Never in my life would I dream I would be in a position where my firstborn son hurt me," Barbara White said in a letter read aloud in court. "I am penniless and have had foreclosure suits filed against me."

  • White's letter talked about the three years of suffering she has endured after finding out her son, Michael Garrett, took more than $80,000 from her. [...] A jury had convicted Garrett of using his power of attorney to give her a reverse mortgage on her home, then spend almost all the money on himself in 30 days.

For more, see Mother tells judge to imprison son (Michael Garrett was given a two-year prison sentence for stealing $80,000 from his mother).

Go here, Go here, go here, go here, and go here for other posts related to deed or refinancing scams by forgery, swindle, etc.

Go here, here, here, here, here, and here for other posts on elder financial abuse. KappaDeedTheft FinancialAbuseOfElderlyAlpha