In Chicago, a reverse mortgage scammer left a lasting scar

“(Diamond) totally destroyed our life,” LaShon Minter Williams told the outlet.

For aging homeowners who are looking to tap into their home equity for repairs or other financial needs, it’s a sobering reminder of what can go wrong. The report took a deeper dive into the pros and cons of reverse mortgages, and for those in need of financing to make needed home repairs, it detailed how local organizations are “trying to provide relief without depriving seniors of the ability to pass their homes down to the next generation.”

South Side Weekly analyzed the number of reverse mortgages originated in the Windy City and surrounding Cook County over the past decade. It found that local activity has followed the national trend of declining use.

National data from the U.S….