Monterey County Sues Banksters For Elderly Abuse & Fraud, Alleging 79-Year Old, Developmentally Disabled Homeowner, Induced By Sneaky Son, Mortgaged Her Home While Under Care & Supervision Of Public Guardian's Office, Ultimately Losing It To Foreclosure

In Seaside, California, the Monterey County Weekly reports:

• The Monterey County Public Guardian is suing a slew of banks on behalf of an elderly woman, claiming fraud and elder abuse after she lost her Seaside house to foreclosure. The twist: Gin Casion, 79, has been under the care of the Public Guardian’s office since 1982 due to a developmental disability and shouldn’t have been allowed to sign loan papers in the first place.
  
  ***
  Casion had lived in her Seaside residence since 1968. Court documents say that she has two developmentally disabled daughters who lived with her.
  
  The ordeal started in 2006 when Casion’s son contacted the deputy public guardian handling his mother’s financial affairs about taking out a loan on his stake in his mother’s property to help fund a remodel. At the time, the son was a civilian employed at a local military base, and the deputy public guardian believed that Gin Casion’s interest in the property would not be affected.
  
  But that deputy was unaware that Casion’s son had already taken out a property loan in 2004. He lost his job and the “sky-rocketing variable balloon payments” on the loan became unmanageable, the suit states.
  
  The county claims that lenders, loan servicers, mortgage brokers and title companies prepared false documents, as they required signatures from Casion, who did not have the legal ability to do so on her own. In addition, some of the documents signed required Casion to provide a driver’s license as proof of identification, and Casion didn’t posess one.

For the story, see Monterey County sues banks for elder abuse after a disabled woman loses her house.