My Grandpa "took Out A Second Mortgage" On A Property He Doesn't Own.
Location: virginia Over thanksgiving my grandpa told me he purchased a second mortgage on a restaurant for a property, and business he is not an owner/operator of. He is a regular at this restaurant and i believe he was targeted as an elder abuse scam, he thinks he should be receiving payment from the owner of the restaurant himself for repayment.
How do i even go about verifying all of this? He is very adamant that he personally took out a second mortgage on the physical building he does not own, im not a lawyer but that doesnt sound right to me.
He says the lawyer from the restaurant kept all the paperwork so I genuinely do not know where to start.
edit and additional info Hes paid 150k+ to these people. Somehow he was lead to believe it was an investment or good faith that he would be paid back (he used the terms interchangeably, i understand theres a huge difference). The only saving grace i have is that he is also under the assumption the funds he used was to secure a second mortgage to this random property. I really need to build a case of "sorry you willingly gave all your money to a guy that said hed pay you back" to "victim of fraudulent intent and elder abuse"
[link] [comments]
Popular Products
-
Fake Pregnancy Test$61.56$30.78 -
Anti-Slip Safety Handle for Elderly S...$57.56$28.78 -
Toe Corrector Orthotics$41.56$20.78 -
Waterproof Trauma Medical First Aid Kit$169.56$84.78 -
Rescue Zip Stitch Kit$109.56$54.78