
A 91-year-old Floridian recently sent a payment to his insurer. Then the agent called to say the company wouldn’t be able to renew the homeowner’s policy. The deed had been transferred. The home was now legally owned by another person.
Some days later, from his bedroom, this shocked and disoriented senior heard three people come into the home. It seems the perpetrator was trying to sell the house. Fort Lauderdale police are investigating.
The swindled senior paid off the mortgage 15 years ago. Maybe that’s part of the issue. If there were a mortgage lien on the home, the mortgage company would have been alerted to the transfer. Plenty of elders live in homes with paid-off mortgages in Florida, and plenty of fraudulent schemes are targeting their increasingly valuable homes.
Continue reading “Heirs, Protect the Seniors in Your Life From Deed Theft”