California Real Estate Fraud Report

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06
Mar

Elder Financial Abuse Extremely Underreported

According to AARP, only about 1 in 25 cases of elder financial abuse or elder financial fraud are ever reported to authorities.  As a group, seniors make up at least 30% of all the fraud cases nationwide.

There are 38 million senior citizens living in the U.S. and according to the U.S. Census Bureau, that number could double by 2040.  Experts such as Tulare County District Attorney Phil Cline, say “this problem is only going to get worse as the senior population grows. We have to promote education and outreach to fight elder abuse.”

Read the original article in the Visalia Times.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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