The Perfect Scam
The Perfect Scam
AARP
Reverse Mortgage Scam Leaves Chicago Families Fighting to Save Homes
51 minutes Posted May 30, 2025 at 4:01 am.
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Longtime homeowners on Chicago's West Side trust Mark Diamond to help them access funds and carry out necessary home repairs. However, they are often unaware that they are entering into reverse mortgage agreements. The repairs are never completed, and Diamond disappears with the money, leaving families desperately struggling to save their homes from foreclosure.