Legal Question in Elder Law in California

Elderly Financial Abuse

Last year (2005) a family friend came to my grandmother with a business venture. She told my grandmother that if she would let her use her property as collateral that when she sold the house she was buying that she would split the money with her. My grand mother signed a deed that put her name on the property that was being bought, and was told that some other papers she was signing was giving this friend permission to use the property as collateral. Well the papers my grandmother actually signed were loan papers putting the loan in both their names. Now this family friend hasen't paid any payments and the property in question has been sold because the title company said there were no loan s on it. Needless to say my grandmother, who's 75, is now being sued by the title company, the loan company, and the friend that lied to her to get the loan. What should or can I do to help my grandmother.


Asked on 8/10/06, 6:05 pm

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Re: Elderly Financial Abuse

A lawsuit for fraud is the starting point, in the form of a cross-complaint to the suits brought against her, with motions to set aside any fraudulent deeds and loans, and consolidation of all complaints into one action. You have an uphill battle, but it has to be done. If this is in Southern California, feel free to contact me for help.

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Answered on 8/10/06, 7:16 pm


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