Welcome to the Elderfraud Foundation

Dedicated to Stopping Elder Financial Fraud & Abuse

Our mission is to educate, inform and empower senior citizens and their loved ones to protect themselves, protect their assets and fend off predators.

Background

Financial Elder Abuse is a National Crisis.

Through deceit and outright theft, senior citizens in the United States are routinely swindled out of their homes and money, often leaving them penniless and emotionally scared. Seniors lose a staggering $2.6 to 3 Billion a year to financial abuse, and that’s just the reported cases.

In the U.S., our society has gone from valuing our senior citizens to their being invisible and a burden. Large portions of the elderly population are vulnerable because of their impairment to think things through clearly, some are lonely and isolated.

Who We Are

We are Elder Advocates.

We are not doctors, lawyers, bankers, financial planners, or mortgage bankers/lenders . . . We see this issue from an advocacy and personal perspective.

We started this foundation because of the numerous occurrences of financial elder abuse in our own families and circle of friends, such as: undue influence, romance scams, trust attorney mistakes, financial advisor apathy and deceitful family members.

We are encouraged by the laws being passed at the state and federal levels to protect the elderly against financial elder abuse and the prosecution of criminals. Nonetheless, with widespread budget cuts in health and social service programs, there is a significant amount of work to be done.

Seniors lose a staggering

$2.6+ Billion

a year

And that’s just the reported cases.

Blog

We want to help you in this fight against elder financial abuse. Our blog will start with the basics.

Predatory Lenders

Predatory lenders and their associates often lack the real estate or mortgage licenses required. Their main goal is to end up with your property.

Read the Contract! Any and All Contracts!

An indemnity clause (hold harmless, liability waiver) is security or protection against a loss in which one party won’t hold the other party liable for damages. Sometimes the clause is buried in a somewhat long contract in hopes it is not found.

Home Title Theft | Real Estate Fraud | Deed Theft

The elderly are perfect targets for Home Title Theft because of the substantial equity in their homes, so are vacant homes, or homes in default.

Identity Theft

What is Identity Theft? – – Identity theft is the illegal use of someone’s identification usually for financial gain. The first step to Identity Fraud.

My Story

Where it Began: “The Honeymoon is Over”

My father was in a convalescent home. When I’d visit my dad, he talked about his friend “Betty” that visited him often and brought him gifts.

Read

The Elder Fraud Foundation is an advocate for the Elderly. We rely on donations to keep our resources up to date.

Donate Today!

We cannot win the fight alone. Kindly contact us if you would like more information on how you can help.