Legal Question in Investment Law in California
my sibling has convinced parents to mortgage home to invest with him and now home is in foreclosure can i do anything they will not talk
2 Answers from Attorneys
If your sibling has done something wrong, speak with an attorney who might handle fraud cases. If your parents are elderly, an attorney might consider suing for elder abuse, as well. More details are needed, though, especially who is foreclosing and why.
I agree with Mr. Cohen. California has rather comprehensive laws against abuse of the elderly (over 65 at the time of the abuse), and the laws cover financial abuse as well as neglect and physical harm. Whether bringing a lawsuit is a good idea or not would depend on, among other things, the enormity of the sibling's conduct, family relations in general, and whether the sibling has the financial capacity to pay damages if found liable for the parents' financial harm.
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