Recent increases in real estate values have resulted in many elderly people having substantial equity in their homes. This has made them a target for unscrupulous individuals offering products and services designed to take advantage of the assets of seniors. A few examples are:
- Mortgage Brokers attaching value depleting mortgages
- Real Estate agents selling homes undervalue to advantage themselves or a client
- Home repair contractors overcharging, at times for products and services that are unnecessary
Fortunately, there are strong laws on the books in California to remedy such abuses. If the court finds in your favor, you could be awarded:
- Compensatory damages
- Punitive damages
- Attorney’s fees