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NewsReverse Mortgage

Montana Woman Bilks Mother Out of Reverse Mortgage Proceeds

A Missoula, Montana woman is facing a 10-year suspended sentence and $100,000 in restitution for bilking her mother out of reverse mortgage proceeds, the local Missoulian reports.

Paulette Homer Ford was found guilty of elder exploitation earlier this year, and this week was sentenced in the case regarding her mother’s reverse mortgage.

The Millsoulian writes:

“A Missoula woman convicted of paying off her debts with more than $141,000 she obtained from a reverse mortgage on her mother’s house has been given a 10-year suspended sentence and ordered to repay $100,000.

Paulette Homer Ford was found guilty of exploiting an elder person in January. Prosecutors alleged Ford took advantage of her mother’s dementia to take out the reverse mortgage and used the money to pay off debts and purchase property. …

Read the original article. 

Written by Elizabeth Ecker