California Attorneys Help Clients Detect Scams that Target the Elderly

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California Attorneys Help Clients Detect Scams that Target the Elderly

Our lawyers have decades of experience in the Bay Area

Victims of financial scams often are angry with themselves for being duped. That anger is misplaced. You should instead be outraged by the con artists, and vow to bring them to justice. We are prepared to help you uncover who is to blame, and to recover the assets that were stolen from you or your loved one. When you retain Needham Kepner & Fish LLP, you tap into the experience of lawyers who have a reputation for helping elderly clients in and around the San Francisco area.

Types of scams that target seniors

Deceptive individuals and companies operate scams that often appear legitimate on the surface. During their decades of experience representing victims of scams, our elder abuse attorneys have learned how these cons work. Here are some of the most common scams that target senior citizens:

  • Reverse mortgages: Senior citizens are often financially stable and have good credit. This makes them prime targets for con artists. In a legitimate reverse mortgage, an older homeowner in effect receives current income from the home’s surplus equity, which allows the senior to benefit from the equity without selling the home. In a reverse mortgage scam, the con artist pushes the senior into a lopsided deal that can end with the fraud artist owning the home and the homeowner being evicted. If a mortgage broker aggressively tries to get you or an elderly family member to enter into a reverse mortgage, don’t sign anything until you speak to a trustworthy attorney.
  • Home improvement: Some scammers take advantage of elderly victims by claiming that their homes need costly repairs. The con artist typically shows up at your door unannounced and offers a free inspection. No matter what shape your house is in, the scammer tells you that your house is a wreck and needs expensive repairs. The scammer performs no repairs, pockets your check and vanishes. If a stranger tries to sell you on home repairs, “no thanks” is the prudent response.

Lawyers for seniors who have been scammed in San Jose, San Francisco and Sacramento

If you suspect that you or a loved one is the victim of a financial scam, we at Needham Kepner & Fish LLP are ready to fight for you. Our lawyers are available for weekend and evening meetings. To schedule a free consultation, call us today at 1-408-956-6949 or use our online form.

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