Mortgage Fraud: A Classic Crime's Latest Twists

As 'Reverse' Loans Grow More Popular, Scams Put Older Adults at Risk

By ANNE TERGESEN

Last summer, Lawrence Ford jumped into the fast-growing market for so-called reverse mortgages. The retired auto mechanic and horse trainer used the money he received to pay off his existing $70,000 mortgage and "piddled away" the remaining $24,000 on things like . . . .

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