Grandma's real estate partner may be a fraud
Family suspicious when 90-year-old's name lands on unknown mortgage
By Benny Kass, Thursday, February 14, 2008.Q: Our grandmother is 90 years old and lives alone in her house. The property is free and clear of any mortgage, and is worth approximately $300,000. We believe Grandma is financially well-off.
However, a recent credit report indicates that she has a partner in a mortgage that to our knowledge she never took. This secret partner has been an "advisor" to her for some years. When we asked about this, our grandmother adamantly refused to discuss this, but reaffirmed her trust in the advisor.
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