A man who pleaded guilty of scamming seniors on the city's South and West sides in a reverse mortgage scheme was sentenced ...

Mark Steven Diamond was sentenced to 17 years in prison after “bilking elderly homeowners in a reverse mortgage and home ...

Chicago businessman Mark Diamond victimized elderly, vulnerable homeowners in a years-long scheme with unfulfilled promises ...

"Diamond and the co-schemers targeted elderly victims in the Chicago area based on the amount of equity in their homes and ...

A reverse mortgage can be useful in some cases. When it comes to reverse mortgages, the first note should always be one of ...

Mark Diamond, 68, pleaded guilty to scamming more than 100 homeowners out of at least $7 million through a reverse mortgage ...

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 ...

Unfortunately, an AARP report says that older adults lose around $28.3 billion annually to some form of financial ...

check fraud, reverse mortgage scams, caregiver scams and sweepstakes scams. Sharing personal information online or in person can lead to fraud, and seniors will want to be careful about responding ...

Reverse mortgages remain the pariahs of the U.S. loan world. A 2022 study published in Oxford Academic revealed there were just 33,000 reverse mortgages originated during the same year when ...