Legal Issues Senior citizens often fall victim to scams. One such scam was reported in California. A

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Legal Issues Senior citizens often fall victim to scams. One such scam was reported in California. A real estate broker searched for unoccupied homes with delinquent taxes, many of which were owned by senior citizens staying in nursing homes. The broker paid the delinquent taxes and fraudulently transferred the property to his name without the owners’

consent. He then rented the homes and kept the money. This crook defrauded homeowners of more than $5 million. How can elderly people protect themselves and their property from scams like this?

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Managing Your Personal Finances

ISBN: 9781305076815

7th Edition

Authors: Joan S. Ryan, Christie Ryan

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