Illinois considers home preservation program after reverse mortgage scam
Briefly

Rev. Robin Hood, co-founder of Fix Our Homes Illinois, is campaigning for a bill aimed at supporting victims of home renovation fraud. The bill is currently stalled in the Illinois legislature, with Hood rallying support to advance it to the Senate. Personal stories, including that of David Herron, whose mother unwittingly signed documents for a reverse mortgage instead of home renovations, underscore the urgency of this legislation. Mark Diamond, a convicted fraudster, was sentenced to 17 years in prison, with victims hoping the new law will prevent future schemes.
"Buying a home is part of the American dream," Judge Franklin Valderrama reportedly said to Diamond. "You, Mr. Diamond, turned that dream into a nightmare."
Mark Diamond took predator to another level for me, Hood said during the sentencing. I don't believe he has any remorse.
Read at www.housingwire.com
[
|
]