Thursday, August 18, 2011

Daughter-In-Law Accused Of Duping Elderly Homeowner Into Signing Refinance Papers, Pocketing $100K, Stiffing Bank, Leaving Senior Facing Boot

In Cottonwood Heights, Utah, ABC 4 News reports:

  • A 91-year-old Cottonwood Heights woman is days away from losing her home of almost 50 years. [...] Gene Call is reeling from the revelation that she was duped. It first came to light last year when she got a foreclosure notice.

***

  • Her daughter-in-law told Gene to sign papers to lower the interest rate. "I asked them why her name is first. They said it didn't matter," said Gene.


  • The signature actually allowed the daughter-in-law to take $100,000 of the home's equity.


  • Gene's son is outraged. "I wasn't aware there were no payments made. Mom wasn't aware there were no payments made," said Mike Call. He contacts Freedom Mortgage, but his calls are not returned. [...] A judge ordered a stay of ten days for the woman to try and work out a deal with the mortgage company.

For the story, see Fraud forcing 91-year-old out of home.

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