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Protecting the Elderly
Darlene was 91 years old and illiterate when she came to Legal Action of Wisconsin for help with a foreclosure case. She had been the victim of predatory lending involving a mortgage broker who fraudulently inflated both her income and the value of her home. Legal Action filed an answer on her behalf and sought to have the note and mortgage declared void due to the mortgage broker’s fraud. The bank agreed to settle the case and dismiss the foreclosure. Darlene entered into a reverse mortgage, and the bank reduced her $92,000 debt to $17,000 saving her $75,000 and helping her keep her home.