The deed is a publicly-available document, drawn up when a mortgage is paid off.
In this issue, we identify 10 of the most common senior citizen scams, together with the actions you can take to avoid them.
Before we get started, we suggest you visit last week’s most popular articles from our other websites: How To Maintain a Below Average Credit Card Debt: Find out the average credit card debt and how to make it your goal to stay beneath this benchmark.
You might even be conned by a new “friend” you meet at church or in other community groups who offers you a tip or opportunity to invest in a scheme.
This is affinity fraud, which we covered in an earlier issue, 7 Deadly Sins: Investment Scams Promise Shortcut to Economic Recovery. Always seek professional advice from a trusted source before committing money to any scheme.
However, it’s also true that longer life expectancy means a growing generation of vulnerable elders in their 80s and 90s who live alone, suffer from memory loss or simply become confused or frightened by smooth-talking scammers.
Senior citizen scams have been featured several times in earlier issues of Scambusters, including those dealing specifically with investment fraud and lotteries.5 Tips for Avoiding Identity Theft While On Vacation: Remember to follow these identity theft tips to avoid an unpleasant surprise when you get back home.Helpful Tips for Acne Sufferers with Dry Skin: To avoid drying and cracking when treating your acne, try these helpful tips.Along with key review factors, this compensation may impact how and where sites appear on the page (including, for example, the order in which they appear).Dating does not include listings for all dating sites.A useful source of information for senior citizen scams in this category is the non-profit Investor Protection Trust which recently helped launch The Elder Investment Fraud and Financial Exploitation Project.