Proposed legislation could help victims of notorious reverse mortgage scam artist Mark Diamond
David Herron's home in North Lawndale has been in his family for more than six decades. Among other repairs, it needs a new roof and a new heating system.
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
Mark Steven Diamond was sentenced to 17 years in prison after “bilking elderly homeowners in a reverse mortgage and home repair scheme.”
Mark Diamond sentenced to over 17 years in reverse mortgage scam
Diamond was sentenced to 205 months—or 17 years and one month—in prison. He was also ordered to pay $2.7 million in restitution.
Mark Diamond gets over 17 years in prison in reverse mortgage scam targeting seniors
A man who pleaded guilty of scamming seniors on the city's South and West sides in a reverse mortgage scheme was sentenced Thursday. Mark Diamond was sentenced to 205 months—or 17 years and one month—in prison.
Reverse mortgage scammer Mark Diamond sentenced to 17 years in prison
Chicago businessman Mark Diamond victimized elderly, vulnerable homeowners in a years-long scheme with unfulfilled promises to fund repairs.
Munster man awaits sentencing in mortgage scam targeting the elderly
"Diamond and the co-schemers targeted elderly victims in the Chicago area based on the amount of equity in their homes and their relative lack of financial sophistication," according to the United Sta
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Longbridge files to remove content from website in case against Mutual
Longbridge has filed a motion in court seeking to take down material it contends is deceptive and misleading from several ...
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Reverse Mortgages: At What Point Do They Make Sense?
A reverse mortgage can be useful in some cases. When it comes to reverse mortgages, the first note should always be one of ...
Contractors, handymen, loan brokers, even family can scam older homeowners. What to know
Unfortunately, an AARP report says that older adults lose around $28.3 billion annually to some form of financial ...
HELOC vs. reverse mortgage: Which will be better in 2025?
While both of these products offer unique benefits to homeowners, they may not be right for everyone. Here's why each could ...
Proprietary Reverse Mortgages vs. Single-Purpose Reverse Mortgages
Proprietary reverse mortgages are private loans with high borrowing limits, while single-purpose reverse mortgages are issued by the government and tend to be cheaper.
The Truth About Reverse Mortgages: Myths, Facts and Modern Benefits With Don Graves
Graves: They’re especially useful as a financial reserve for emergencies, home repairs, or market downturns. For example, instead of withdrawing from investment accounts during a market dip, retirees ...