AARP warns of a new real estate scam that's already targeted hundreds of Ohio homeownersNew warnings are emerging regarding new predatory practices targeting ol
. Watch live at 7 p.m.AARP warns of a new real estate scam that's already targeted hundreds of Ohio homeowners
"I think about my own parents and how devastating it would be for them to lose 3% of their home value, which is their primary financial asset," said Elizabeth Blosser with ALTA this week. "We know that seniors have signed these agreements, veterans. I've even talked to a disabled veteran who was very concerned about the long-term implications of having signed one of these agreements.
The agreement places a lien on the property that can last for 40 years, even after a homeowner's death. Penalties to the predatory agreement can cost homeowners three percent of what their homes are worth. ALTA indicated they started to see more of these predatory agreements last year and have tracked 25,000 of the deals in 32 different states. 830 NTRAPS had been made in Ohio.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Friday Night RivalsNewly-obtained search warrant affidavits in the Imperial Stewart case suggest family members of those accused of killing the teen were aware of the crime but di
Read more »
Friday Night RivalsABC 6 is On Your Side digging deeper and working to pull back the layers on youth crime in the community.
Read more »
Friday Night RivalsThree Buckeye football stars are set to cement their legacies with their inductions into the Ohio State Athletics Hall of Fame.Malcolm Jenkins and Nick Mangold
Read more »
Friday Night RivalsA Columbus staple known for good Italian eats and trolley cars is reopening its doors after a partial ceiling collapse in spring 2022.
Read more »
Friday Night RivalsFive men are facing charges after a fight broke out at a youth football game over the weekend.
Read more »